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  • GERA Developments appoints CEO for the first time in 52 years May 26, 2023 10:11 PM IST

    GERA Developments appoints CEO for the first time in 52 years

    Malhotra has over two decades of experience across the entire real estate value chain, said the company

  • Greater Noida Authority sells 23,600-sqm builder plot for Rs 110 crore May 26, 2023 10:05 PM IST

    Greater Noida Authority sells 23,600-sqm builder plot for Rs 110 crore

    According to a GNIDA official, 10 builder plots had been put for sale. However, only one plot – GH-128 – elicited investor interest.

  • Bangalore Development Authority launches 3BHK apartments priced a tad above Rs 1 crore. Should you buy? May 26, 2023 08:09 PM IST

    Bangalore Development Authority launches 3BHK apartments priced a tad above Rs 1 crore. Should you buy?

    The apartments with a carpet area of 1,250 square feet (sq ft) are on 10 floors with 12 apartments on each floor. The complex has 132 parking slots with two EV charging units.

  • Cognizant renews lease for 6.27 lakh sq ft office space in Pune for 5 years May 26, 2023 06:58 PM IST

    Cognizant renews lease for 6.27 lakh sq ft office space in Pune for 5 years

    According to Propstack, the total monthly rent will come to Rs 3.35 crore

  • Noida Authority likely to conduct e-auction of duplex flats; price starts at Rs 1.79 crore May 26, 2023 04:30 PM IST

    Noida Authority likely to conduct e-auction of duplex flats; price starts at Rs 1.79 crore

    The duplex apartments, located in Sector 135, have a super area of 1,937 sq ft.

  • Maharashtra does away with free housing for slum dwellers, to charge Rs 2.5 lakh May 26, 2023 02:07 PM IST

    Maharashtra does away with free housing for slum dwellers, to charge Rs 2.5 lakh

    The decision to charge Rs 2.5 lakh as construction cost will not burden slum dwellers as they will now receive assistance from the Pradhan Mantri Awas Yojana scheme. It is expected to benefit over 1 million families residing in slums, say officials. The move comes ahead of the civic, Lok Sabha and state elections next year.

  • Prestige Group to develop 27 msf office space in Bengaluru May 26, 2023 10:07 AM IST

    Prestige Group to develop 27 msf office space in Bengaluru

    The company plans to generate a rental income of Rs 800-1,200 crore just from Bengaluru within five years. The idea is to develop about 40 msf of office space, across six cities, with an annual rental yield of Rs 3,000 crore within five years, says CEO Juggy Marwaha

  • China's housing crisis strikes again May 26, 2023 10:51 AM IST

    China's housing crisis strikes again

    To push sales, real estate developers are cutting prices but the Chinese government is penalising those who are announcing sharp cuts for fear of it disturbing the market and spreading the crisis to banks

  • Ease-Of-Exit Quotient: What to look for when buying property so you can sell easily May 26, 2023 04:22 PM IST

    Ease-Of-Exit Quotient: What to look for when buying property so you can sell easily

    The top three things to look for are location, location, and location. But amenities, demographics, maintenance, and of course, one’s own expectations, play a significant role. Good luck.

  • Oberoi Realty's second mall in Mumbai expected to open in mid-2024 May 26, 2023 07:54 AM IST

    Oberoi Realty's second mall in Mumbai expected to open in mid-2024

    According to a Motilal Oswal report, it has the potential to generate annual rents of Rs 250 crore

  • Krisumi Corp expected to invest about Rs 300 cr in phase 2 of its Gurugram project May 25, 2023 06:07 PM IST

    Krisumi Corp expected to invest about Rs 300 cr in phase 2 of its Gurugram project

    The company plans to complete the design work of the remaining  phases by the end of this year, and may launch the third phase at the beginning of next year.

  • Gurugram lifts ban on registration of properties developed by Chintels May 25, 2023 02:06 PM IST

    Gurugram lifts ban on registration of properties developed by Chintels

    The injunction came after a floor of the developer’s Paradiso project collapsed onto lower storeys, killing two and rendering the apartment complex unsafe

  • Family of Mankind Pharma promoter sells property in Delhi for Rs 91 crore May 25, 2023 11:00 AM IST

    Family of Mankind Pharma promoter sells property in Delhi for Rs 91 crore

    The ground-plus-three property in Vasant Vihar was sold by Poonam Juneja, wife of Ramesh Juneja, chairman of Mankind Pharma, and bought by Dhruv Malhotra, Dakhsh Malhotra and Ranjana Malhotra of Everest Pressure and Vacuum Systems. 

  • Predictability of growth and demand pushes small town India’s fortunes May 25, 2023 10:36 AM IST

    Predictability of growth and demand pushes small town India’s fortunes

    Post-pandemic acceptability, unprecedented highway and infrastructure growth has pushed a host of end-user consumers and real estate developers to move confidently to the hinterland.

  • Chart of the Day: India tops the pack in APAC office property market May 25, 2023 09:35 AM IST

    Chart of the Day: India tops the pack in APAC office property market

    Yields in India’s office and retail property markets are attractive, driving global investors into the sector

  • Banks, real estate developers urge Noida, Greater Noida authorities to focus on completion of stuck projects May 24, 2023 06:46 PM IST

    Banks, real estate developers urge Noida, Greater Noida authorities to focus on completion of stuck projects

    Issues that were discussed at the meeting included the logjam over unpaid dues to the authorities, permission not be granted by the respective authority to mortgage properties and delays in issuing occupation certificates, among others.

  • MC Explainer: Why MHADA lottery 2023 in Mumbai has few options for families with annual income above Rs 9 lakh May 26, 2023 11:11 AM IST

    MC Explainer: Why MHADA lottery 2023 in Mumbai has few options for families with annual income above Rs 9 lakh

    The Authority has been focusing on providing affordable housing to those belonging to the low-income group and economically weaker sections.

  • Oberoi Realty acquires 6.4 acres in Thane near Mumbai May 24, 2023 01:33 PM IST

    Oberoi Realty acquires 6.4 acres in Thane near Mumbai

    The company is optimistic about prospects for the housing sector, led by the aspirations of home ownership by end-users.

  • Sebi’s proposal allowing smaller REITs opens one door but shuts another May 24, 2023 10:32 AM IST

    Sebi’s proposal allowing smaller REITs opens one door but shuts another

    Smaller real estate investment trusts is a good idea for investors and the market, but less onerous compliance please needed. An elephant in the room needs to be addressed too

  • Noida Authority asks builders to register 1,097 flats in 21 projects or face action May 25, 2023 03:13 PM IST

    Noida Authority asks builders to register 1,097 flats in 21 projects or face action

    Noida Flat Registry - Though the approval has been given for the registry of these flats, the buyers are deprived of ownership rights as builders are not getting these registries executed.

  • Shriram Properties acquires new project in Chennai; eyes Rs 1,200 crore sales revenue May 23, 2023 07:09 PM IST

    Shriram Properties acquires new project in Chennai; eyes Rs 1,200 crore sales revenue

    According to a statement, the project named 'Divine City' is to be developed in three phases with an aggregate saleable area of 3.2 million square feet.

  • Close to 9,000 Amrapali housing units completed by NBCC; all projects to be handed over by 2025: Officials May 23, 2023 09:05 PM IST

    Close to 9,000 Amrapali housing units completed by NBCC; all projects to be handed over by 2025: Officials

    There are pending issues over buyers’ unpaid dues and the utilisation of unused floor area ratio

  • Rustomjee Group has 20 forthcoming projects with saleable potential of 27.86 million sq.ft. May 23, 2023 05:18 PM IST

    Rustomjee Group has 20 forthcoming projects with saleable potential of 27.86 million sq.ft.

    From its pipeline of projects, the company is projecting Gross Development Value (GDV) of Rs 35,103 crore.

  • Developer liable to maintain project till OC is obtained and association formed: KRERA May 25, 2023 05:47 PM IST

    Developer liable to maintain project till OC is obtained and association formed: KRERA

    KRERA asked the developer Sobha Limited to make available to the homebuyers the bank accounts of the advance maintenance charges collected and spent.

  • Operational office stock offers REIT-worthy assets valued at over $61 billion for future listing May 23, 2023 12:01 PM IST

    Operational office stock offers REIT-worthy assets valued at over $61 billion for future listing

    It has nearly tripled from 24.8 million sq ft as on March 31, 2019, to 74.4 million sq ft as on March 31, 2023. Listed REITs hold around 10 percent of current Grade A office stock