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Vandana Ramnani

Associate Editor, Real Estate

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Google takes up more than 100,000 sq ft of co-working space in Pune for three years 

BUSINESS

Google takes up more than 100,000 sq ft of co-working space in Pune for three years 

It’s the latest in a series of lease agreements signed by Google, which In February leased over 2.9 million sq ft of space in Bengaluru through six separate deals. 

Marriott explores opportunities for branded residences in India

BUSINESS

Marriott explores opportunities for branded residences in India

Urban locations of New Delhi, Mumbai, Bengaluru, Hyderabad and Chennai offer exciting growth opportunities for this luxury residential segment, a company official said.

HDFC Bank leases 2.17 lakh sq ft office space in Noida for 18 years; monthly rent @ Rs 1.47 crore

BUSINESS

HDFC Bank leases 2.17 lakh sq ft office space in Noida for 18 years; monthly rent @ Rs 1.47 crore

The agreement comes with a rent escalation clause of 15 percent every three years. 

SWAMIH Fund for stuck realty projects delivers 23,000 homes, unlocks liquidity worth Rs 35,879 crore

BUSINESS

SWAMIH Fund for stuck realty projects delivers 23,000 homes, unlocks liquidity worth Rs 35,879 crore

The SWAMIH Fund backed by the government aims to deliver 20,000 more homes by the year-end in Tier 1 and 2 cities. So far, the fund has given preliminary approval to about 1.1 lakh units and final approval to 83,000 homes

Corporate Crossings: Embassy REIT names Aravind Maiya as CEO

BUSINESS

Corporate Crossings: Embassy REIT names Aravind Maiya as CEO

Aravind Maiya returns to Embassy from Tata Realty where he was the CFO. Vikaash Khdloya will step down as CEO effective June 30, 2023 after which will assume the role of senior adviser

Prestige Acre buys land in Bengaluru for around Rs 187 crore

BUSINESS

Prestige Acre buys land in Bengaluru for around Rs 187 crore

The Prestige Group company has aggregated land parcels spread across 56.29 acres for Rs 187.50 crore. All properties are located at Jigani and Rajapura villages, Jigani Hobli, Anekal Taluk, Bengaluru.

Salman Khan rents out Bandra West apartment for three years at Rs 1.5 lakh a month

BUSINESS

Salman Khan rents out Bandra West apartment for three years at Rs 1.5 lakh a month

The rent will go up in phases to Rs 1.65 lakh by the third year; in 2021 he had rented out another apartment in the same building for Rs 95,000 a month in 2021.

Why are real estate developers in Mumbai picking up big-ticket land parcels in South Mumbai?

BUSINESS

Why are real estate developers in Mumbai picking up big-ticket land parcels in South Mumbai?

The financial capital is constrained when it comes to premium locations. South Mumbai is among the preferred destinations, and apart from boasting of a premium address, comes with the added advantage of a high FSI. And given the unrelenting demand for luxury homes, there is little likelihood of high-end deals tapering off soon

All about branded apartments and why they are making a comeback

BUSINESS

All about branded apartments and why they are making a comeback

Branded residences are back in the market because the buyer today wants more than just a plain-vanilla apartment. There’s also confidence on account of RERA being in place, unlike in 2017 when a lot of people burnt their fingers.

Aditya Birla Group company buys Mumbai bungalow for Rs 220 crore

BUSINESS

Aditya Birla Group company buys Mumbai bungalow for Rs 220 crore

The buyer has paid a stamp duty of Rs 13.20 crore. The transaction is a through a Deed of Transfer, the document showed.

Build signature buildings aimed at building signature lives: MoHUA additional secretary

BUSINESS

Build signature buildings aimed at building signature lives: MoHUA additional secretary

By 2047, India is estimated to have 70 percent new buildings. This is a great opportunity for the real estate sector.

All about Apple stores in India, lease agreements, rentals and more

BUSINESS

All about Apple stores in India, lease agreements, rentals and more

Though the Delhi store pales in comparison to the Mumbai one in size, the stores are a study in design and detailing. In fact, one expert said the attention to details is something they had not experienced in 15 years of seeing hundreds of fitouts

Buying a home to get easier with model builder-buyer agreement

BUSINESS

Buying a home to get easier with model builder-buyer agreement

The agreement will aim to protect homebuyers from potential abuses, reduce disputes, and provide effective grievance redressal mechanism to consumers.

Sun and fun: A look at Pepsico’s new office in Gurgaon

COMPANIES

Sun and fun: A look at Pepsico’s new office in Gurgaon

The theme is office with a soul. The Mario Miranda inspired wall in the reception adds to the humour element

Booster shot: Evolution of the real estate investor 

BUSINESS

Booster shot: Evolution of the real estate investor 

The last few years have seen the emergence of a new class of homebuyers -- somewhere between an investor and an end-user – who is not interested in making a quick buck but is in it for the long haul. 

Blackstone-backed Nexus Select Trust likely to hit the capital market with its first retail REIT IPO by May

BUSINESS

Blackstone-backed Nexus Select Trust likely to hit the capital market with its first retail REIT IPO by May

The REIT provides an opportunity to look at doubling the size in the next four to five years, the sources said on April 14, adding 9.8 million sq ft may increase to 20 mn sq ft in that period.

Housing Minister Hardeep Puri inaugurates redeveloped govt residential colonies, new office complex

BUSINESS

Housing Minister Hardeep Puri inaugurates redeveloped govt residential colonies, new office complex

The office complex will accommodate ministries being moved out due to Central Vista revamp

Apple’s Delhi store is significantly smaller than Mumbai outlet, but rental costs almost same at Rs 40 lakh a month

BUSINESS

Apple’s Delhi store is significantly smaller than Mumbai outlet, but rental costs almost same at Rs 40 lakh a month

The Delhi store pales in comparison to the Mumbai one, which is sprawling at 20,000 sq. ft of retail space over three floors in a mall in the commercial hub of Mumbai’s Bandra Kurla Complex.

Homebuyers demand compensation from MahaRERA for ‘half-baked’ information made available by developers on the website

BUSINESS

Homebuyers demand compensation from MahaRERA for ‘half-baked’ information made available by developers on the website

As per Sec 11 of the RERA Act 2016, builders are expected to update details of their RERA-registered projects on RERA’s website every three months. But that did not happen, giving rise to the present situation.

In Pics: Noida’s Film City Project failed to attract bidders; Know project details

REAL-ESTATE

In Pics: Noida’s Film City Project failed to attract bidders; Know project details

The Noida Film City project is expected to come up in Sector 21, off the Yamuna Expressway in Greater Noida. Nearly 1,000 acres of land have been identified for the ambitious project. It is located about six kilometres from the upcoming international airport in Jewar and 12 kilometres from the Eastern Peripheral Expressway.

French reinsurance firm leases office space in Mumbai at Rs 40 lakh a month

BUSINESS

French reinsurance firm leases office space in Mumbai at Rs 40 lakh a month

The per sq ft rent works out to around Rs 505, making it the most expensive commercial real estate lease deal so far, real estate experts said. However, the deal is an outlier in terms of commercial rentals, they added

Apple rents retail space in Mumbai for a minimum guaranteed payment of Rs 42 lakh per month

BUSINESS

Apple rents retail space in Mumbai for a minimum guaranteed payment of Rs 42 lakh per month

India has been among the fastest-growing markets for Apple in the past few quarters, even as demand has slumped in many of its traditional markets.

RBI rate pause brings cheer to homebuyers, realtors; a hike could have led home loan rates to 10% vicinity 

BUSINESS

RBI rate pause brings cheer to homebuyers, realtors; a hike could have led home loan rates to 10% vicinity 

The move will provide some respite to affordable and mid-income housing segments and support the current home-buying sentiment, said real estate experts.

Piramal Capital and Housing Finance sells two office spaces in Mumbai for Rs 110 crore

BUSINESS

Piramal Capital and Housing Finance sells two office spaces in Mumbai for Rs 110 crore

The buyer has paid a stamp duty of Rs 6.60 crore, the documents showed

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