Real Estate

Published on Feb 04, 2025 07:57 PM IST

Bengaluru-based flexible workspace operator Simpliwork Offices has leased over 1.5 lakh sq ft workspace in Embassy Manyata Business Park

Bengaluru-based flexible workspace operator Simpliwork Offices has leased over 1.5 lakh sq ft of office space in Embassy Manyata Business Park, the company said in a statement. (Representative photo)(Shutterstock)

Mahindra Logistics leases 4.75 lakh sq ft space near Pune for ₹73 crore

Mahindra Logistics has taken warehousing and logistics space on lease in Khed near Pune for five years from Karanje Emerald Logistics Park Pvt Ltd

Mahindra Logistics Limited has leased 4.75 lakh sq ft of warehousing and logistics space in Khed near Pune for a rent of around <span class='webrupee'>₹</span>73 crore over five years. (Picture for representational purposes only)(Pexels)

Published on Feb 04, 2025 05:14 PM IST

DLF hopes to receive approvals for its Mumbai project within the next few weeks

Ashok Kumar Tyagi, Managing Director of DLF Limited, said during the January 27 investor call that he hoped approvals for Mumbai project may come in few weeks

Updated on Feb 04, 2025 02:07 PM IST

ByMehul R Thakkar

Bollywood director Subhash Ghai buys an apartment in Mumbai for ₹24 crore

Subhash Ghai and his wife Mukta Ghai have bought an apartment in Bandra West, Mumbai, for ₹24 cr. They had sold a flat in Andheri for ₹12.85 cr last month.

Bollywood director Subhash Ghai and his wife Mukta Ghai have bought an apartment in Bandra West, Mumbai, for <span class='webrupee'>₹</span>24 crore. (ANI Photo) (Representational photo)(PTI)

Updated on Feb 05, 2025 11:05 AM IST

Housing demand continues to remain robust: Abhishek Lodha, Macrotech Developers

Abhishek Lodha, CEO and managing director of Macrotech Developers, has said that there is no slowdown in residential real estate demand

Abhishek Lodha, CEO and managing director of Macrotech Developers, also known as the Lodha Group, has said that there is no slowdown in residential real estate demand (HT Files)

Published on Feb 04, 2025 08:37 AM IST

ByMehul R Thakkar

Noida to demolish illegal shops in Gateway society

The decision to demolish shops came after the Allahabad high court dismissed a petition, challenging the demolition order of Noida authority

The petitioners, who had been allotted shops in the complex by the developer, challenged the authority’s order on the grounds that they had not been served any independent notice before the action was taken. (Sunil Ghosh/HT Photo)

Noida

Published on Feb 04, 2025 06:22 AM IST

ByVinod Rajput

Macrotech Developers exploring to enter Delhi-NCR housing mkt: MD Abhishek Lodha

Realty firm Macrotech Developers is exploring entry into the Delhi-NCR's residential market, the company's Managing Director Abhishek Lodha has said.

Published on Feb 03, 2025 09:34 PM IST

PTI |

Indian billionaire dines with British royal family member in Mumbai, shares pics

Niranjan Hiranandani shared photos from a dinner honoring Prince Edward during his visit to India.

Prince Edward, the youngest brother of King Charles III, arrived in Mumbai on Sunday as a part of his three-day India visit(Instagram/n_hiranandani)

Updated on Feb 04, 2025 07:25 AM IST

ByMuskaan Sharma

Mahindra Lifespaces wins redevelopment deal worth ₹950 crore in Mumbai

Mahindra Lifespaces to redevelop three housing complexes in Mumbai’s Lokhandwala with an estimated project value of ₹950 crore

Mumbai redevelopmemt news: Mahindra Lifespaces announced on February 3 that it has secured a 950-crore deal. (Picture for representational purposes only)(Mehul R Thakkar/HT)

Updated on Feb 03, 2025 03:53 PM IST

Sonakshi Sinha sells an apartment in Mumbai's Bandra for ₹22.50 crore

Mumbai Real Estate: Bollywood star Sonakshi Sinha sells Bandra luxury apartment for ₹22.50 crore, gaining 61% since 2020 purchase

Published on Feb 03, 2025 12:46 PM IST

ByMehul R Thakkar

UK castle goes up for sale at ₹225 crore after 700 years of ownership

Ripley Castle, owned by the Ingilby family for 700 years, was listed for sale at ₹225 crore

Ripley Castle, held by the Ingilby family for 700 years, was put up for sale at <span class='webrupee'>₹</span>225 crore.(X/@Grizzlegutweed1)

Published on Feb 03, 2025 11:58 AM IST

ByMahipal Singh Chouhan

Woman pays ₹1.7 lakh rent for tiny New York apartment with sink-toilet combo

A New York woman shared a viral video of her bizarre sink-toilet combo bathroom, paying ₹1.7 lakh rent for the cramped apartment.

A New York woman went viral after sharing a video of her bizarre sink-toilet combo bathroom.(Instagram/bananabonani)

Published on Feb 03, 2025 10:50 AM IST

ByMahipal Singh Chouhan

Homebuyers' body wants stalled projects to be identified and completed

FPCE said the government must identify builders who have put homebuyers' hard-earned money at risk and debar them from launching new projects.

Homebuyers' body FPCE has said the government should identify builders who have put their hard-earned money at risk and debar them from launching new projects. (Picture for representational purposes only)(HT FILE)

Published on Feb 03, 2025 08:00 AM IST

Dubai Adds New $100 Million Mansions to Lure World’s Ultra Rich

Real-estate firms in Dubai are scrambling to attract more buyers from Europe, Asia and the Americas

Published on Feb 02, 2025 10:37 PM IST

Bloomberg |

GIFT City's Real Estate to Get a Boost with Budget 2025’s IFSC Incentives

Budget 2025 has proposed several incentives and relaxations for the International Financial Services Centre at GIFT City

Finance Minister Nirmala Sitharaman, in her Union Budget 2025-26 speech on February 1, proposed several incentives and relaxations for the International Financial Services Centre at GIFT City.(HT Files)

Updated on Feb 02, 2025 01:26 PM IST

CGST law amendment may hit realty sector: Experts

The government has proposed retrospective amendment in Section 17 (5), which provides an exhaustive list where input tax credit will not be applicable

The government on Saturday proposed a retrospective amendment to the CGST law concerning 'plant or machinery', a move that is likely to adversely impact real estate companies seeking input tax credit on the construction and leasing of commercial assets, said experts. (Picture for representational purposes only)(Pixabay)

Published on Feb 01, 2025 08:19 PM IST

PTI |

Homeowners can now claim tax relief on two properties

Homeowners could earlier claim only one self-occupied property as tax-free; now, they can claim two

Budget 2025: Homeowners can now claim nil valuation for two self-occupied properties instead of one. (Representational photo)(File Photo)

Updated on Feb 02, 2025 01:29 PM IST

ByAnagh Pal

Which apartment type can you target with an income of up to ₹12 lakh?

Budget 2025 exempts income up to ₹12 lakh from taxation under the new regime. This will potentially create more opportunities for such homebuyers to invest

Budget 2025 exempts income up to <span class='webrupee'>₹</span>12 lakh from taxation under the new regime. This makes homeownership more accessible for those in this income bracket. (Representational photo)(iStock)

Published on Feb 01, 2025 06:49 PM IST

ByAnagh Pal

TDS limit on rent increased from ₹2.4 lakh to ₹6 lakh

The proposed change in Budget 2025 is expected to simplify compliances and reduce the tax burden on small landlords while maintaining tax efficiency.

Finance Minister Nirmala Sitharaman announced on February 1 that the TDS threshold for rental income will be raised from <span class='webrupee'>₹</span>2.4 lakh per year to <span class='webrupee'>₹</span>6 lakh per year.(Sansad TV)

Published on Feb 01, 2025 06:41 PM IST

What Budget 2025 means for homebuyers: More money in hand to boost real estate

The removal of conditions for holding two self-occupied properties in Budget 2025 without any tax implications expected to spur fresh real estate investments

To boost disposable income and increase affordability for middle-class homebuyers, the Finance Minister on February 1 increased the income tax exemption limit to <span class='webrupee'>₹</span>12 lakh under the new regime. (Representational photo)(Istock)

Updated on Feb 02, 2025 01:30 PM IST

ByVandana Ramnani

FM announces SWAMIH fund 2.0 for completion of 1 lakh stalled projects

FM said on February 1 that a SWAMIH Fund 2 will be established with ₹15000 crore allocation to help complete an additional 1 lakh housing units.

To help homebuyers stuck with delayed projects, Finance Minister Nirmala Sitharaman said on February 1 that a SWAMIH Fund 2 will be established with <span class='webrupee'>₹</span>15000 crore allocation to help complete an additional 1 lakh housing units. (Picture for representational purposes only)

Published on Feb 01, 2025 01:02 PM IST

Govt to create a ₹1 lakh crore Urban Challenge Fund aimed at transforming cities

Government to set up ₹1 lakh crore Urban Challenge Fund; allocates ₹10,000 crore for 2025-26.

Finance Minister Nirmala Sitharaman said on February 1 that the government would set up an Urban Challenge Fund of <span class='webrupee'>₹</span>1 lakh crore to finance up to 25 per cent of bankable projects and allocate <span class='webrupee'>₹</span>10,000 crore for 2025-26. (Sansad TV)

Updated on Feb 01, 2025 12:20 PM IST

Real Estate Sector's Expectations from Budget 2025

The real estate sector hopes Budget 2025 will prioritize affordable housing and incentivise developers to build budget-friendly homes.

Published on Feb 01, 2025 09:53 AM IST

ByVandana Ramnani

Will affordable housing subsidies be revived in Budget 2025?

Real estate experts urge the govt to revive affordable housing initiatives and increase tax rebates to support the middle class in Union Budget 2025

Published on Feb 01, 2025 08:18 AM IST

ByVandana Ramnani

Economic Survey 2024-2025: Around 1.18 crore houses sanctioned under PMAY-Urban

Economic Survey 2024-25 said on Jan 31 that as many as 1.18 crore houses have been sanctioned to beneficiaries of PMAY-U, and over 89 lakh have been completed.

Economic Survey 2024-25 said on Jan 31 that as many as 1.18 crore houses have been sanctioned to beneficiaries of The Pradhan Mantri Awas Yojana – Urban (PMAY-U), and over 89 lakh have been completed. (Picture for representational purposes only)

Updated on Jan 31, 2025 04:41 PM IST

Karnataka's Greater Bengaluru Suburban Project to drive real estate growth

Real estate experts say the project could unlock opportunities for new townships on Bengaluru’s outskirts while keeping land affordable

The Karnataka state government on January 30 approved the Greater Bengaluru Integrated Suburban Project, an initiative to develop Devanahalli, Nelamangala, Hoskote, Doddaballapur, Magadi, and Bidadi as satellite townships around Bengaluru. (Representational Image)(Unsplash)

Updated on Feb 03, 2025 11:13 AM IST

BySouptik Datta

Mumbai property registrations see over 7% growth, surpassing the 11,700 mark

In January 2025, the Maharashtra government generated approximately ₹946 crore in revenue from over 11,700 property registrations

Updated on Jan 31, 2025 03:19 PM IST

ByMehul R Thakkar

Economic survey on real estate sector: Stability and infra growth driving demand

The Economic Survey noted that housing demand in India is expected to touch 93 mn units by 2036. RERA and GST have brought many benefits to the realty sector

Updated on Jan 31, 2025 04:09 PM IST

Billionaire recalls how he purchased 1st flat in Mumbai with ‘hard work, jugaad’

Billionaire Anil Agarwal’s post on purchasing his first house has struck a chord with X users, who have labelled his share as “inspiring”.

Indian Billionaire Anil Agarwal shared this photo on X. (X/@AnilAgarwal_Ved)

Updated on Feb 01, 2025 11:32 AM IST

ByTrisha Sengupta

Lodha versus Lodha: Brothers agree to go for mediation to resolve dispute

The Lodha brothers have agreed to mediate their trademark dispute following the Bombay High Court's directive on January 31.

Published on Jan 31, 2025 01:28 PM IST