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Bengaluru top choice for non-resident Indians eyeing budget & mid-segment homes

Published on Jul 15, 2024 08:58 AM IST

In Bengaluru, as many as 60% NRIs buy property for investment purposes while 40% for end-use. They prefer areas with high rental demand, generally near IT hubs

Bengaluru holds on to its status as the top choice for non-resident Indians eyeing budget and mid-segment homes (Representational photo)(Pixabay)
ByShakshi Jain

All about Virat Kohli’s newly-built holiday home in Alibaug

Virat Kohli took to the social media to share a glimpse of his Alibaug home. Here’s what you should know if you're planning to buy a second home in the area

Virat Kohli took to his social media channels to share a glimpse of his newly-built holiday home in Alibaug(Virat Kohli's Instagram account)
Published on Jul 14, 2024 08:27 AM IST

Pune-based fractional ownership firm closes 3,500 sq yards land deal in Ayodhya

The Indian fractional ownership market is currently estimated at around $500 million and is expected to grow 10 times in next five years to surpass $5 billion.

Pune-based fractional ownership platform (FoP) RealX on July 13 announced that it had assisted investors close a 3,500 sq yard land deal in Ayodhya. (Representational photo)(PTI )
Published on Jul 13, 2024 09:45 PM IST

Noida okays 7,700 crore budget for 2024-25; land allotment rates hiked by 6%

Delhi-NCR real estate news: Buying land for housing or setting up office in Noida to become more costly as allotment rates hiked by 6%

On Friday, Uttar Pradesh chief secretary Manoj Kumar Singh, who is also the industrial development commissioner and Noida Authority chairman, presided over the board meeting in Lucknow. (HT Photo)
Updated on Jul 13, 2024 06:12 AM IST
By, Noida

Affordable housing launches drop 21% in April-June period across 7 major cities

As many as 1.59 lakh new housing units were launched in H1 2024 compared to 1.51 lakh units in the same period in H1 2023, a JLL report has said

Real estate developers' focus on the premium housing segment ( <span class='webrupee'>₹</span>3-5 crore) led to launches growing by around 170% year-on-year (Y-O-Y), luxury segment (above <span class='webrupee'>₹</span>5 crore) followed with 116% growth, a report by JLL said(Pixabay)
Published on Jul 12, 2024 09:47 PM IST

Puravankara Ltd reports flat sales bookings of 1,128 crore in Q1 FY25

Puravankara Ltd's average price realization in Q1 FY25 increased 6% annually to ₹8,746 per square feet from 8,277 per sq ft; planned launches deferred to Q2

Puravankara Ltd reports flat sales bookings of <span class='webrupee'>₹</span>1,128 crore in Q1 FY25 (Representational photo)(Pixabay)
Published on Jul 12, 2024 08:41 PM IST

Brigade Group launches new housing tower near Bengaluru airport

Bengaluru-based Brigade Group has launched a new housing tower comprising 948 single-bedroom apartments in its 50-acre township near the airport

Brigade Group has launched a new housing tower comprising 948 single-bedroom apartments in its 50-acre township near Bengaluru airport(Brigade Group)
Published on Jul 12, 2024 07:04 PM IST

Lloyds Group promoter’s family buys property in Mumbai for 107 crore

The ₹107-crore flat is located in the Sea Krest building, an under construction apartment by Sugee Group, in Mumbai’s Worli area

Lloyds Group chairman Mukesh Gupta’s wife Abha Gupta and son Shreekrishna Gupta have purchased a triplex worth <span class='webrupee'>₹</span>107 crore in Worli, Mumbai. (Representational photo)(Abhijit Bhatlekar/ Mint)
Published on Jul 12, 2024 06:08 PM IST

Anant Ambani, Radhika Merchant wedding: All you need to know about the venue

Anant Ambani and Radhika Merchant's wedding is taking place at Mumbai's Jio World Convention Centre located in the business district Bandra Kurla Complex.

Bandra Kurla Complex (BKC) where the wedding of Anant Ambani and Radhika Merchant is taking place on July 12 is also the country’s costliest commercial real estate district. (Picture for representational purpose)(MMRDA website)
Published on Jul 12, 2024 10:39 AM IST
ByMehul R Thakkar

BKC employees asked to WFH due to Anant Ambani wedding traffic curbs

Anant Ambani, Radhika Merchant wedding will be held at Jio World Convention Centre in Bandra Kurla Complex (BKC), Mumbai.

Jio World Plaza on One Big fashion Brand has leased space inside Jio World at BKC, Bandra, in Mumbai, India, Thursday, Sep 01, 2023. (Photo by Vijay Bate/HT Photo)
Updated on Jul 12, 2024 11:08 AM IST

Noida, G Noida authorities to decide on Supertech’s request for registry nod

According to Supertech, there are at least 17,000 apartments, which need to be built and delivered to the homebuyers in its projects in Noida and Greater Noida

On July 9, the Greater Noida authority additional chief executive officer Saumya Srivastava met with Supertech Limited promoter RK Arora and interim resolution professional Hitesh Goel and discussed issues related to the registry of apartments. (HT Photo)
Updated on Jul 12, 2024 06:04 AM IST
By, Noida

Prestige Estates Q1 sale bookings fall 23% to 3,029 crore

Bengaluru-based real estate major Prestige Estates saw a 23% decline in sales during the first quarter of financial year 2024-25 owing to delay in new launches

Prestige Estates Q1 sale bookings fall 23% to <span class='webrupee'>₹</span>3,029 crore(PTI)
Published on Jul 11, 2024 10:04 PM IST

Mumbai’s luxury housing sales up by 8% in H1 2024; touch 12,300 crore: Report

Luxury homes in Mumbai, priced ₹10 crore and above, clock half-yearly sales of ₹12,300 crore in the first half of 2024

Mumbai’s luxury housing sales grew 8% in H1 2024 to touch <span class='webrupee'>₹</span>12,300 crore (Representational photo)(Pexels)
Published on Jul 11, 2024 09:58 PM IST
ByShakshi Jain

Rustomjee Group forays into plotted development, announces project near Mumbai

The plotted development project in Kasara, near Mumbai, includes around 500 plots in different sizes totaling approximately 1.5 million sq ft

Rustomjee Group, on July 11 announced its foray into the plotted development segment. (Picture for representational purposes only)(Pexels)
Published on Jul 11, 2024 07:55 PM IST

Housing sales down 6% in April-June quarter; new supply remains flat

The dip in housing sales was on account of homebuyers deferring plans to purchase property and developers their new launches due to the elections

Housing sales in the top eight cities fell 6% during the April-June period of 2024 compared to the previous quarter even as new supply tapered with both homebuyers and developers adopting a wait-and-watch strategy ahead of the Lok Sabha polls (HT Archive)
Published on Jul 11, 2024 05:14 PM IST

DLF, Macrotech, IHC among India's most valuable realty firms: Grohe-Hurun list

Mumbai continues to be the realty capital of the country with 60% of the top 10 firms being located in the financial capital: Grohe-Hurun Real Estate 100 list

DLF has emerged as the top real estate company in the 2024 GROHE-Hurun India Real Estate 100, with a valuation of more than <span class='webrupee'>₹</span>2 lakh crore.
Published on Jul 11, 2024 01:44 PM IST

Bengaluru to dominate India's office market with 330-340 mn sq ft stock by 2030

Technology, engineering and manufacturing, and BFSI sectors are expected to comprise the main demand drivers for Bengaluru’s office market

Bengaluru is expected to dominate India's commercial real estate market with 330-340 million square feet of office stock by 2030, as per a report launched at a CII-CBRE event in the city on July 10(CBRE India)
Published on Jul 10, 2024 07:27 PM IST
ByShakshi Jain

Can you rent a property in Mumbai for two to six months?

You can rent a property in Mumbai for two to six months but the landlord may charge a premium considering that the lease is for a short duration, said brokers.

Mumbai real estate: There is no legal provision that prohibits an owner from renting his property in the city for a shorter period, said local brokers.(Mehul R Thakkar)
Published on Jul 10, 2024 04:54 PM IST
ByMehul R Thakkar

NYC penthouse sells for $135 million in priciest deal since 2022

A penthouse at Aman New York has sold for $135 million, making it the most expensive home purchased in Manhattan this year

A penthouse at Aman New York has sold for $135 million, making it the most expensive home purchased in Manhattan this year. (Representative photo)(Unsplash)
Published on Jul 10, 2024 09:57 AM IST
Bloomberg |

Bengaluru’s housing sales register 4% growth in H1 2024: Report

Bengaluru’s residential sales recovered ground in Q2 2024 to record a net positive growth of 4% during H1 2024; luxury segment drives housing sales

Bengaluru’s housing sales recovered ground in Q2 2024 to register net positive growth of 4% in H1 2024 (Representational photo)(Bloomberg)
Published on Jul 10, 2024 09:36 AM IST

Subsidiary of Redbrick Offices buys 22 commercial units in Mumbai for 267 cr

Red Fox IT Infra LLP, a subsidiary of Redbrick Offices, has purchased 22 office spaces spread over an area of 87,618 sq ft in Times Square building of Andheri

Red Fox IT Infra LLP, a subsidiary of Redbrick Offices, a co-working space provider, has purchased 22 office spaces spread over an area of 87,618 sq ft in Andheri area of Mumbai for <span class='webrupee'>₹</span>267 crore. (Representational photo)(Pixabay)
Published on Jul 09, 2024 09:06 PM IST

Haryana RERA imposes 5 crore penalty on Vatika Limited

Vatika Limited had applied for the RERA registration five years after the Haryana notification in 2022 and after RERA took a suo motu action in the matter

The Real Estate Regulatory Authority (RERA), Gurugram, has imposed a penalty of <span class='webrupee'>₹</span>5 crore on a real estate developer Vatika Limited for not applying for RERA registration on time. (Getty Images) (Representational photo)
Published on Jul 09, 2024 08:27 PM IST

HC notice to realtor on ex-India cricketer Yuvraj Singh’s pleas

Delhi HC has issued notice to a realty firm on pleas by Yuvraj Singh seeking invocation of arbitration laws over alleged violation of his privacy rights

The Delhi High Court has issued notice to a real estate firm on pleas by former India cricketer Yuvraj Singh REUTERS/Francis Mascarenhas/File Photo(REUTERS)
Published on Jul 09, 2024 07:31 PM IST
PTI |

Parle Biscuits Private Limited sells three apartments for 45 crore in Mumbai

Parle Biscuits Private Limited has sold three apartments for ₹45 crore in Mumbai in the projects Rustomjee Elements and Rustomjee Seasons

Parle Biscuits Private Limited has sold three apartments for <span class='webrupee'>₹</span>44.81 crore in Mumbai (Representational photo)(Unsplash)
Published on Jul 09, 2024 06:31 PM IST

Alpha Corp launches luxury housing project in Gurugram; to invest 350 cr

Alpha Corp is expecting a revenue of approximately ₹600 crore from its new luxury housing project in Gurugram.

Alpha Corp, a Gurugram-based real estate firm, has announced the launch of a luxury housing project in the millennium city. (Representational photo)(pexels)
Published on Jul 09, 2024 03:49 PM IST

Mumbai-based real estate developer Ashwin Sheth Group plans to float an IPO

Mumbai real estate news: The Ashwin Sheth Group (ASG) also plans to foray into Bengaluru, Delhi-NCR, Hyderabad, Chennai and Goa markets

 Ashwin Sheth Group (ASG) on July 9 announced that it plans to float an Initial Public Offering (IPO) in the next 18 to 24 months and raise <span class='webrupee'>₹</span>2,000 to <span class='webrupee'>₹</span>3,000 crore.
Published on Jul 09, 2024 02:55 PM IST
ByMehul R Thakkar

This is world's most affordable country for immigrants in 2024: India in top 10

Asian countries dominated 2024's list getting 6 out of 10 positions. Southeast Asia stood out with Vietnam, Indonesia, Philippines, Thailand ranking in top 10.

The ranking was based on quality of life, digital life, housing and language, career prospects, salary and job security.
Updated on Jul 09, 2024 11:11 AM IST
By | Edited by

After Dubai, Danube Properties plans to foray into Abu Dhabi and Ras Al-Khaimah

Rizwan Sajan, promoter of Danube Group, said that while the firm has its hands full with projects in Dubai, it may foray into the Abu Dhabi and Ras Al-Khaimah

Danube Group now has its eyes set on expanding to the United Arab Emirates (UAE)'s Abu Dhabi and Ras Al-Khaimah, due to interest from Indian investors in these real estate markets.
Published on Jul 09, 2024 10:36 AM IST
ByMehul R Thakkar

Homebuyers of 3C Lotus City project to get relief

ACE Infracity Developers Pvt Ltd that took over the 3C Lotus City project in June 2023 in a bidding by the NCLT, mutually reached an agreement with Yeida

Yeida realised that the resolution plan submitted by ACE was not in the authority’s best interests, prompting them to file plea in NCLAT. Since then, the case has remained pending thereby delaying the project. (Sunil Ghosh/HT Photo)
Updated on Jul 09, 2024 06:58 AM IST
By, Greater Noida

‘Sunny room’ listed for rent at 81,000 a month is actually a balcony

The post of a Syndey balcony converted into a “room” for rent shocked social media users amid the rental crisis in the biggest city in Australia.

The balcony
Updated on Jul 09, 2024 09:32 AM IST
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