Deal Drought: Discounts, incentives absent as the festive season sees strong real estate sales
Earlier, during the festive season, developers often offered upfront discounts to the listed price of the home being sold.
Zepto zeroes in on shopping mall for head office on Bengaluru's Sarjapur road; to move all employees by February
While the larger move will take time, Zepto has started moving some roles into an adhoc office in Bengaluru where operations will begin from around November 11, one of the persons cited told Moneycontrol.
This Tenant Moved From U.S. To Mumbai For Doing Standup Comedy | The Tenant
In this episode of The Tenant, meet Bharat Dhir, a stand-up comedian who recently moved from the USA to Mumbai. He shares his surprise at how narrow the city feels and explains why he believes India offers better opportunities for comedians compared to the US. Plus, hear about a tenant who struck it big in the stock market and is now enjoying early retirement! Don’t miss their fascinating stories in this latest episode
Certus Capital to roll out its first Rs 500-crore real estate AIF this fiscal
The firm, founded by a former KKR director, also plans to invest over Rs 1,000 crore through secured credit in the real estate sector by the end of this fiscal
Housing sales in NCR decline amid lack of inventory, surge in home prices
After affordable housing, now the mid-segment has shown a continued downward slide in terms of sales
Net absorption of office space rises 14% in Jul-Sep across top 7 cities: JLL
Net absorption of office space stood at 12.16 million square feet in the third quarter of this fiscal year as against 10.69 million square feet in the year-ago period.
Karnataka recovers only 12% of homebuyers' money pending from delayed projects, to recover Rs 627 crore
The state has managed to recover only Rs 79.9 crore, or about 12 percent of the total money, as of August 2024, the document showed. This includes 185 cases filed at Karnataka RERA for recovery, amidst a total of 1354 cases.
Max Estates sells Rs 4,100 crore worth housing properties within 30 days of launch in Gurugram
With this successful launch, Max Estates has revised the guidance for the total Gross Development Value potential of this project to Rs 4,800 crore in FY25.
Shriram Properties to invest over Rs 400 crore this fiscal, shifts focus from affordable housing
The company said that among all the cities, Kolkata remains one of the most affordable markets with residential prices of Rs 4,000 per sq ft or a ticket size of Rs 45-50 lakh.
This Thane Tenant says quality of life is better than Mumbai | The Tenant
Meet Akshay, a product manager and songwriter from Thane, who recently made the leap from homeownership to renting a 2.5BHK apartment. In this episode of The Tenant, he shares insights on his move, the challenges of commuting from Mumbai, and the perks of living in a township without metro or rail connectivity. Discover why Akshay prioritizes quality of life in Thane, enjoys the balcony views, and appreciates the vibrant community around him—all while managing a budget-friendly rent of INR 61,000. Join us as we explore the unique advantages and considerations of renting in Thane!
Home sales down 11% in July-September; observers cite higher prices, monsoons as reasons
Sales across seven cities stood at around 1.07 lakh units for July-September (till date) as against 1.2 lakh in the same quarter last year. The sales represent an 11 percent decline over the same quarter last year, as well as sequentially, according to Anarock
Explained: Why developers want GST relief on Joint Development Agreements and input credits
Developers highlighted the contradiction between the government's goal of "housing for all" and the current tax regime which could increase their costs and that os the projects.
REPL gets SEBI approval for small and medium REIT, to be named ImpactR SM REIT
The new SM REIT will have REPL as its investment manager. SEBI had earlier approved the SM REIT application submitted by fractional ownership platform Property Share, licensed under the name Property Share Investment Trust
Tall order: Hyderabad’s high-rises hit demand slump, buyers go for affordable options
Developers had been capitalising on the growing appetite for these towering structures, eager to meet demand and maximise profits.
Initial Ayodhya buzz has moderated but still optimistic on sales, says House of Abhinandan Lodha
The number of inbound visitors is holding steady but some airlines have reduced flights to the temple town due to lower-than-expected demand, and the appetite for real estate investment may have also reduced in the city and its surroundings.
In Mumbai’s transformation journey, slum rehabilitation is being left behind
The Slum Rehabilitation Authority (SRA) lists roughly 1,700 ongoing rehabilitation projects, with over 500 believed to be stuck at various stages of development, as per industry estimates.
ASK-Shriram Properties AIF platform to close Rs 500 crore fund by FY25
The company said its first development project in Pune has got deferred again due to approval-related delays.
Adar Poonawalla-led entity buys office space in Pune for Rs 395 crore
The deal happened through four transactions, registered on September 11, according to the documents. A total of Rs 27.65 crore was paid as stamp duty for the transaction.
This tenant in Pune made Rs 2cr by not buying a home | The Tenant
In this episode of The Tenant, meet Rahul Jain from Viman Nagar, Pune. Despite owning multiple properties, he chooses to rent a 3BHK apartment with a 1250 sq. ft. carpet area, staying close to his office. Rahul shares his thoughts on why life in Pune is better than Mumbai, the challenges of convincing his family about renting, and how watching The Tenant broadened his perspective on the rental market. He also talks about being pleasantly surprised by Pune’s infrastructure improvements like the metro and airport. Watch the full episode to learn more about his unique rental journey!
MHADA closes Mumbai board lottery applications with 1.34 lakh registrations
The inventory in this year's lottery is priced between Rs 29 lakh to Rs 6.8 crore, with the prices being reduced for some of the units during the application process.
Property owners wake up to lucrative prospects of dark stores as demand surges 40% in 3 years
In areas where real estate prices are 25-30 percent lower, particularly near canals or far from prime locations, landlords are now constructing built-to-suit sheds specifically designed for dark stores
Pune property registrations in August 2024 mostly flat even as stamp duty collections jump
Data showed that 13,397 registrations were inked in August 2024, compared to 13,021 in the corresponding month in 2023, and 13,731 registrations in July 2024.
Wealthy Indians rush to buy property in Greece ahead of Golden Visa rule changes
Over the last few years, the popularity and demand for Greece’s Golden Visa Programme, launched in 2013, has surged, leading the Greek government to reconsider the entry points for real estate investment and permanent residency
Malls to grow slower than residential real estate, industry players say
Footfall in malls reduced during the April-June quarter on a sequential basis, as consumer sentiment was affected due to the elections and heat, and anchor tenants such as multiplexes performed poorly. Industry players have identified indoor entertainment venues, along with food and beverage, as a way to attract more footfall.
