BUSINESS
The slowdown in Mumbai real estate is here
Housing sales have been strong with record registrations but the ecosystem has been signaling that the number is inflated
BUSINESS
Sonam Kapoor’s marquee property bares the reality of Mumbai realty
Kapoor’s property clocked a meagre 3 percent return over seven years. Which shows that like the rest of the world, Mumbai realty is also subject to gravity.
BUSINESS
Mumbai Real Estate: Never pay for a view because it won't last
Going by the story of the Mahalaxmi Racecourse – the challenge to the view is not just another builder who can ruin it, but also the government agencies who can make it disappear.
REAL-ESTATE
Mumbai Real Estate: The decline of South Mumbai and the rise of the suburbs
Property in posh South Mumbai still commands higher values but the area has little space and appetite for fresh development.
BUSINESS
Keystone Realtors enters Mumbai eastern suburbs with Rs 1,000-crore project
The real estate company that operates under the brand Rustomjee has bagged the project to redevelop Basant Park in Chembur
BUSINESS
Rustomjee: A rising Mumbai developer hits the stock market
Before the end of November 2022, the real estate company would list on India’s stock exchanges at a market value of Rs. 5,600 crore
BUSINESS
Realty bites: With 340,000 unsold units in Mumbai, developers are under pressure
The city’s real estate industry should brace for a challenging year. With inventory at this new high and more launches expected in the coming quarter, developers will have to go all out to attract buyers
BUSINESS
The most competitive year in Mumbai real-estate space is set to begin
Two of the biggest property exhibitions in Mumbai offer many reasons for hope this year. For one, even many small developers have more upcoming projects now than before. One little-known developer even had an innovative solution to a problem many first-time home buyers face: how to pay rent and EMI at the same time?'
REAL-ESTATE
Mumbai's middle-class: Your new home size may be smaller than that of a slum dweller
A 1 BHK apartment has been reduced to a tiny 225 square feet and a 2BHK apartment is barely 450 square feet. The size of a 2BHK apartment in Mumbai seems smaller than the size of a 1BHK in cities like Bengaluru and Gurugram
AUTOMOBILE
MD of financial services firm buys duplex in Mumbai for Rs 79 crore
The stamp duty for the property came to Rs 4.74 crore. Yuvraj Thakkar, 33, is the managing director of financial services firm BP Wealth which was founded in 1997.
BUSINESS
DMart CEO buys Rs 70 crore home in Mumbai from Rustomjee
Ignatius Navil Noronha, one of India’s wealthiest CEO’s, has booked two units in the under-construction project Rustomjee Seasons that is located close to the business district of Bandra Kurla Complex
COMPANIES
Kaizad Bharucha of HDFC Bank buys Bandra home for Rs 35 crore
Along with stamp duty and GST of Rs. 3.5 crore, the per square foot price of the apartment comes to over Rs. 1 lakh.
BUSINESS
Will imploding twins teach the Wild West of Noida real estate a tough lesson?
It’s tempting to be optimistic after the symbolic action on the Supertech twin towers and wrong to be completely pessimistic on whether one can expect improvements from an unscrupulous industry
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.
