BUSINESS
Bollywood actress Maya Alagh sells villa in Bengaluru for Rs 13.65 crore
The plot of land is spread across 10,000 sq ft and the built-up area is 4,100 sq ft, as per the documents
BUSINESS
Explained: How the increase in circle rates will impact the property market in Noida and Greater Noida
While property buying may become expensive for homebuyers, developers may find it difficult to offload unsold inventory
BUSINESS
Author Siddharth Dhanvant Shanghvi sells Juhu bungalow for Rs 84.75 crore
Sale is the latest in a flurry of bungalow deals in Mumbai recently.
BUSINESS
Quess Corp promoter buys bungalow in Bengaluru's billionaire street for Rs 52 crore
Ajit Abraham Isaac, promoter of the staffing company, has purchased the property from a Singapore-based NRI. Some of Isaac’s new neighbours include Infosys co-founder Nandan Nilekani, Kris Gopalakrishnan, Dr Devi Shetyy of Narayana Health, Flipkart founders Sachin and Binny Bansal.
BUSINESS
Govt proposal to raise circle rates in Gautam Budh Nagar leaves builders homebuyers in a tizzy
The proposal, which will be implemented after consulting stakeholders, would make property deals more costly in Delhi’s neighbouring areas of Noida, Greater Noida and Yamuna Expressway. The increase would be steeper in areas near Metro lines and expressways.
BUSINESS
Premium co-working spaces akin to fully-loaded Toyota Corolla: Awfis CEO Amit Ramani
The flex workspace provider plans to set up at least nine premium centres spread across over 2 lakh sq ft across the country in the next three to four months. At least 30% of the company’s portfolio will be in this segment going forward
BUSINESS
Amrapali case | SC asks banks to relax funding criteria for stalled Amrapali projects
Asks banks to hold a joint meeting with the court receiver by August 8 to arrive at a consensus on funding
BUSINESS
COVID-19 second wave impact: UPRERA extends registration of projects in NCR by nine months with riders
This extension is for projects whose original registration or extended registration ends on or before December 31, 2021 in the NCR region and six months in the non-NCR region
BUSINESS
Essar sells bungalow in Mumbai’s Worli Seaface to diamond merchant’s firm for Rs 185 crore
The per sq ft cost works out to be around Rs 93,000 per sq ft, according to local brokers. Seller of property is Essar Group.
BUSINESS
COVID-19 impact:The great suburban shift
With work-from-home continuing, buyers are taking advantage of a low mortgage regime to buy houses in the suburbs, willing to commute longer for the sake of affordability and bigger spaces.
BUSINESS
Stamp duty collections in Mumbai at Rs 500 crore in July 2021; around 20% increase over June
Registrations touch over 9,000 housing units compared to 7,851 units in June 2021 which is an increase of 15 percent; The number has risen by almost 20 percent compared to July 2019 when 7,534 units were registered.
BUSINESS
Disha Patani and Rani Mukerji buy luxury apartments in Mumbai project
Bollywood actors buy apartment in project located at Khar in Mumbai, which offers views of the Arabian Sea, joining counterparts who are investing in real estate.
BUSINESS
Residential realty consumer outlook cautiously optimistic for next six months; Proximity to healthcare to drive demand
Discounts and flexi payment schemes induce homebuyers to purchase property, the survey said
BUSINESS
Realtor buys apartment worth Rs 90 crore near Bandra Kurla Complex in Mumbai
The agreement was signed on March 31, 2021, the last day of the stamp duty waiver but it was registered on July 23, 2021.
BUSINESS
COVID-19 impact: Top eight co-working players to add nearly 7-8 mn sq ft space within a year
A new paradigm would have emerged in case of flexible workspaces had IT companies considered going the co-working way, said experts, adding co-living was hit by the pandemic.
BUSINESS
GVK promoter buys Jubilee Hills house in Hyderabad for Rs 23.15 crore
The independent house in Hyderabad’s posh Jubilee Hills area is spread across 6,033 sq ft and was purchased by GV Krishna Reddy, the chairman of GVK Group.
BUSINESS
DLF posts Rs 337.17 crore profit in June quarter, revenue jumps to Rs 1,242 crore
New sales bookings at Rs 1,014 crore; The realty major plans to continue work on getting DCCDL REIT ready and expect completion of it by fiscal end, it said in a regulatory filing.
ENTERTAINMENT
Priyanka Chopra offloads 2 apartments for Rs 7 crore, leases Andheri West office space for Rs 2.11 lakh a month
The Sky is Pink actress, last year sold an apartment located on the fourth floor in Karan Apartment, Lokhandwala Complex, Andheri West for Rs 2 crore.
BUSINESS
Owner of listed cable manufacturer Polycab buys apartment worth Rs 34.5 crore in Mumbai
Local property brokers told Moneycontrol that the per sq ft rate works out to be around Rs 73,000 and that most buyers in the complex have bought two or four amalgamated units.
BUSINESS
Real estate market to touch $1 trillion by 2030, housing demand revives despite COVID-19: Housing secretary
Mishra said states have been asked to implement the Model Tenancy Act, which was passed by the Union Cabinet in June, at the earliest.
BUSINESS
Homebuyers’ body wants RERA to be ‘expeditiously’ implemented in West Bengal
It said that despite more than two months, RERA has not been implemented in the state and is causing immense hardship to homebuyers.
BUSINESS
Explained | What is the 'New Noida' logistics and industrial hub plan and why does it matter?
Real estate experts say that setting up an investment region close to the Delhi-Mumbai Industrial corridor is a move in the right direction but may take 20-25 years to develop fully
BUSINESS
NBCC floats tender for appointment of channel partner to sell around 5,000 unsold units
Some contractors involved in completing Amrapali projects say they have not received dues worth Rs 500 crore from NBCC since February this year. NBCC says delays on account of COVID-19 and would be regularised soon.
BUSINESS
Here’s all you need to know about the Madras High Court order on GST to be paid by RWAs
RWAs collecting monthly maintenance amount above Rs 7500 per member would be able to save Rs 1350 per member per month, which hitherto was paid towards GST. Consequently, this will bring down the monthly bill of all the members of such RWA, tax experts said
