BUSINESS
Goldman Sachs Services leases nine floors in Hyderabad at a rent of Rs 4.14 crore per month
The 3.5 lakh sq ft of office space has been rented for 117 months, and a security deposit of Rs 35.2 crore made.
BUSINESS
MC Explains: Why has Haryana govt amended its affordable housing policy?
The rates have been raised up to Rs 5,000 per square foot to encourage developers, who are facing high construction material and land costs, to come up with more projects in the urban areas.
BUSINESS
Prestige Group purchases 2.3 acre land parcel in Mumbai for Rs 704 crore
The stamp duty paid for by the buyer on the transaction is Rs 42.24 crore
BUSINESS
Max Estates may start construction of luxury homes in Noida in September
The company’s first luxury residential project in the NCR garnered pre-formal launch sales of more than Rs 1,800 crore
BUSINESS
Kartik Aaryan buys apartment in Mumbai for Rs 17.50 crore
The apartment of 1,910 sq ft size is located in the Siddhi Vinayak Building, Presidency CHSL, Juhu, Mumbai.
BUSINESS
Fall in demand for affordable homes pushes Mumbai sales down by 8%: Knight Frank report
India-facing businesses accounted for 76 percent of total office space transactions in Mumbai
BUSINESS
Bungalow deals gaining traction in Mumbai
In the recent past, posh areas in Mumbai have witnessed sales of a number of high-value residential properties.
BUSINESS
Over 1.5 lakh housing units sold during Jan-Jun, Rs 1 crore-plus segment accounts for 30% share: Knight Frank
While low interest rates and comparatively low residential prices served to spark a revival in demand, the residential sales level sustained even as interest rates rose, the Knight Frank report said.
BUSINESS
Ajay Devgn buys 5 office units in Andheri West in Mumbai for Rs 45 crore
The units are located within Signature Building, Oshiwara, along Veera Desai Road.
BUSINESS
Supertech case: Buyers ask if builder’s arrest can help them get their homes
The builder had diverted funds collected from homebuyers and banks to shell companies instead of using them for the projects they were meant for, which still lie unfinished after almost a decade.
BUSINESS
Will banks ceding first right over stuck realty projects to new lenders speed up completion?
Several banks have expressed a willingness to cede their rights over stuck real estate projects classified as NPAs in favour of new lenders willing to offer priority funding to speed up completion.
BUSINESS
K Raheja Corp, Cinevista to develop luxury homes project on 3.91 acres near Kurla
The value of the development agreement is Rs 272 crore for K Raheja Corp and Rs 78.35 crore for Cinevista.
BUSINESS
HDFC Ltd sells Mumbai land to Lodha for Rs 70 crore to recover dues from borrower
HDFC has sold a portion of land admeasuring 27792 sqmt to Macrotech Developer to recover the loan under SARFAESI Act, the documents showed.
BUSINESS
Here’s why luxury housing is gaining traction
Demand for larger apartments has gone up after the pandemic, while builders also increase their realisations from the sale of luxury homes.
BUSINESS
Suhana Khan buys agricultural land in Alibag for Rs 12.91 crore
The daughter of Bollywood star Shah Rukh Khan has bought the land parcel spread across an area of 1.5 acre with three structures on it from Anjali Khote and two other family members
BUSINESS
MC Explains: All about grading real estate projects by RERAs
Like its UP counterpart, the Maharashtra regulator has initiated a process to rank projects, but faces some legal issues
BUSINESS
Lodha sells two luxury apartments in Mumbai for Rs 109 crore
This is the latest in a series of big-ticket deals by the developer
BUSINESS
MC Explains: This is why land deals are the flavour of the season
With robust residential sales that is expected to continue in 2023, developers are adding on to their land parcels. They are also encouraged by expected easing of interest rates, fair prices of land, and support from institutional funding agencies.
BUSINESS
Will NCLT’s approval of Ace Infracity resolution plan for 3C Homes set precedence?
Legal experts say that are of the view that the order will pave the way for other projects that are stuck because of disputes with governing bodies
BUSINESS
MC Explains: How does Metro connectivity impact real estate prices in mature markets?
Metro connectors in upcoming/new locations generally lead to a price increase of 30 to 50 percent but the impact on mature markets is barely around 10 to 15 percent and that too in the resale market.
BUSINESS
EY Global Delivery Services India renews its lease in Bengaluru for Rs 1.79 crore per month
The company has leased ground plus 11 floors for 60 months in a building called WTC Coral. The total area is 4.20 lakh sq ft, the lease deed showed.
BUSINESS
Should the Indian real estate market be worried about an impending global meltdown?
While residential demand is largely domestic in nature, the commercial segment’s office occupier profile is largely IT/ITeS companies with clients in the West. If the West slips into a recession and those clients cut budgets, there could be some impact on the commercial segment here, said one expert.
BUSINESS
Delink developer penalties with registrations to give relief of over 45,000 homebuyers in Noida, Greater Noida: UP-Rera Chairman
The real estate regulator has recommended several measures, including cancelling land allotments, to help over 1.65 lakh buyers. If implemented, the recommendations can resolve more than 70 percent of cases, UP-RERA Chairman Rajive Kumar tells Moneycontrol.
BUSINESS
RBI MPC meeting: Decision to hold rates will boost housing demand, say experts
RBI MPC meet: Given the status quo in rates, the outlook for those looking to buy their first home via a loan remains favourable, the experts said. Interest rates from most banks are expected to remain in single digits
