BUSINESS
Mumbai’s rental market is on fire, landlords celebrate
Redevelopment projects, which entail the razing of old buildings and their replacement by new constructions, has been the game-changer for Mumbai’s rental market. When buildings are demolished, the supply of apartments goes out of the system, narrowing the choice for tenants.
BUSINESS
What it means to be Hafeez Contractor, India’s most famous architect
Loved by some, hated by others, there is no middle path where Hafeez Contractor is concerned. He has designed scores of iconic buildings in India and abroad. And yet, they are disparate, with no signature style, because critics say he only asks how high when a builder tells him to jump. But is such criticism justified?
BUSINESS
Petit Hall: A former PM's connection to a landmark building
Morarji Desai refused an offer of 8 acres of sea-facing land to the government free of cost from a descendant of Petit, a Parsi businessman. That may be a boon for Mumbai's wealthy who can afford the steep prices in that area. But it is an opportunity missed for the common man to have a government library or college next to the sea.
REAL-ESTATE
Samudra Mahal: How a lost treasure in Gwalior gave rise to India’s most expensive apartment complex
Samudra Mahal in Mumbai is not an architect’s delight. But its royal heritage and spectacular sea views, which only the richest in the land can enjoy, have ensured its apartments are worth a fortune.
BUSINESS
Mumbai real estate: The perfect storm is around the corner
Rising interest rates, a 1% tax imposed by the Maharashtra government on house purchases, a falling stock market, massive inventory and more are set to hurt the recovery in Mumbai's real estate sector
BUSINESS
DLF Camellias review | A project that sets the luxury benchmark
Camellias in Gurugram is India’s new luxury address. With apartments starting at Rs 35 crore, a stamp of approval from Hafeez Contractor and every possible luxury, the ultra-exclusive project is one of a kind
BUSINESS
So is that really a luxury housing project?
Since there is no fixed definition, different people set different benchmarks to define luxury. However, there are certain key features that set luxury projects apart from other also-rans.
BUSINESS
The hidden star in Mumbai's housing registration data: PAAA
The city is in the middle of a redevelopment boom, with small old buildings making way for a big new ones and that is where the Permanent Alternative Accommodation Agreement is playing the lead role
BUSINESS
Mumbai real estate: Is it the return of the Underdog Builder?
If 2020/21 was the year of 'consolidation' in Mumbai real estate, 2022/23 will be the year of 'de-consolidation', as smaller developers rebound with a ferocity that seemed unimaginable until recently.
BUSINESS
The European shipping cartel that defeated Jamsetji Tata
In 1893, Jamsetji Tata formed a joint venture with Japan's Nippon Yusen Kaisha to launch a new shipping line: Tata Line. By 1895, though, Tata had to wrap up its operations after sustained losses.
REAL-ESTATE
Bombay: From Portugal to Britain as dowry
Bombay (now Mumbai) was offered as dowry in the marriage alliance between King Charles II of England and Catherine - the sister of the King of Portugal, in the 1600s.
BUSINESS
Rising Input Costs: Are Mumbai builders back to their old tricks?
The spin shows old habits die hard for Mumbai builders
BUSINESS
How Bollywood actors and top cricketers decide on their housing
At its core, Bollywood celebrities and Indian cricketers do transactions not very different from the rest of us. But there’s more to the story.
REAL-ESTATE
How Rakesh Jhunjhunwala built his 13-floor home in Mumbai
The tower that has been approved for his home will have an area of a whopping 70,000 square feet.
BUSINESS
Keep your powder dry, Mumbai real-estate market set to witness a price war
There is a supply rush because of temporary government initiatives that lowered project costs for developers meaningfully.
BUSINESS
Birla Niyaara: An opportunity missed for a dazzling debut in Mumbai realty
BUSINESS
Stock markets message to Godrej Properties: Grow fast, but not at all cost
Godrej Properties has cultivated a premium brand that symbolises the highest level of ethics and governance.
BUSINESS
Can Thane’s home prices ever rival Mumbai’s?
Mumbai has an inherent economic strength that is hard to displace. But Thane will continue to gain and narrow the gap in property prices to Mumbai.
BUSINESS
2022: An exciting year for Mumbai real-estate
The coming year will likely see more launches, better prices and a rebound in rental market. All round, a good year.
BUSINESS
CAG report reveals India’s Wild West in real estate: Noida
Its report, which was recently tabled in the UP Assembly, is depressing. It reveals how every rule that could be bent, was.
BUSINESS
Hornby’s city: Bombay’s reclamation to Mumbai’s redevelopment
It is said that William Hornby worked on the integration of Bombay’s islands even though the plan was rejected by the East India Company. In turn, he set the stage for a city that became a thriving metropolis.
BUSINESS
Magarpatta City: India's most important real estate project that you probably have not heard of
This township in Pune is a model of cost-efficiency and transparency, that rewards farmers most unusually.
BUSINESS
The Battle Royale in Mumbai real estate: Oberoi Realty vs Hiranandani Group
With the availability of large land parcels, every major builder of Mumbai has placed bold bets in the Thane market
BUSINESS
Mumbai real estate: An Iraqi Jew, Opium wars and India’s most expensive building
Before BREDCO built Il Palazzo in 1972, the land housed a spacious bungalow of the wealthiest family of India: the Sassoon family, which made its money in the cotton and opium businesses.
