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NHAI unit signs 1,770 crore deal for multi-modal logistics park in Bengaluru

An NHAI unit has sought to establish a multi-modal logistics park in Bengaluru at the cost of ₹1,770 crore.

The project will be spread across 400 acres in Bengaluru rural district, and will be the largest ever project under the central government's PM Gati Shakti National Master Plan.(@IndexKarnataka/X)
Published on Sep 20, 2023 11:46 AM IST

OECD calls for enhanced tax transparency on foreign real estate

OECD suggests automatic exchange of information & digitalised ownership registers to enhance tax transparency in real estate.

Representative Image (iStockphoto)
Published on Sep 09, 2023 02:49 PM IST
PTI | | Posted by Singh Rahul Sunilkumar

Inside Gisele Bündchen’s new $9.1 million home in southwest ranches, Florida

Gisele Bündchen buys $9.1 million estate in Florida with tennis courts, soccer field, and equestrian rink.

Gisele Bündchen splurges on $9.1 million estate with horse stalls and pool area(Instagram/gisele)
Published on Sep 09, 2023 12:43 PM IST

Housing prices rose across 43 cities in Q1 of FY24: Report

Housing prices rose in 43 cities in the first quarter of 2023-24, while the rates of residential units fell in seven cities, according to National Housing Bank.

Ahmedabad witnessed a 9.1 per cent appreciation in property prices while Bengaluru 8.9 per cent. (HT Archive)
Published on Aug 30, 2023 04:26 PM IST
PTI | | Posted by Yamini C S

China's Evergrande posts $4.5 billion loss in first-half of the year

The company reported a loss attributable to shareholders of 33 billion yuan ($4.5 billion) for the six months ended June 30, according to a statement Sunday.

The defaulted real estate giant asked to convene meetings for creditors to approve its offshore debt overhaul plan on Monday.(REUTERS)
Updated on Aug 28, 2023 04:50 AM IST
Bloomberg |

Indian real estate market size estimated to jump over 12-fold by 2024: Report

By 2047, when India reaches 100 years of independence, the size of India's economy is estimated to range between USD 33 trillion and USD 40 trillion.

For study purposes, Knight Frank has taken the mean estimated growth of the Indian economy to a value of USD 36.4 trillion by 2047. (File)
Published on Aug 25, 2023 08:18 PM IST

At least 59 land deals totalling 2,018 acres closed so far this year: Report

Out of 59 land deals closed so far in 2023, about 38 deals for 283 acres are proposed for residential development.

At 17 deals, Mumbai Metropolitan Region (MMR) saw the highest number but the total area transacted was just over 95 acres.(Bloomberg/ Representational )
Published on Aug 20, 2023 03:13 PM IST

World's Cheapest Home? Why this Michigan house is listed for ‘sale at $1’

"Introducing the "World's Cheapest Home!" in the heart of Pontiac, Michigan! ?????," read the overview for the house.

The house for sale in Michigan(Website of Zillow)
Updated on Aug 18, 2023 06:25 PM IST
ByAdarsh Kumar Gupta

China’s Evergrande files for bankruptcy protection, has debts of $300 billion

Evergrande’s fate has broad implications for China’s $60 trillion financial system, and could send ripples across banks, trusts and millions of home owners.

Evergrande first defaulted on a dollar bond in December 2021 following months of uncertainty about its finances.(Bloomberg)
Published on Aug 18, 2023 08:12 AM IST
Bloomberg |

Demand for luxury homes in Bengaluru falls by half in Apr-Jun: CBRE report

Sales of luxury homes reached 3,100 units in India during April-June, up from 1,400 units in the same period last year, however, sales in Bengaluru dropped.

3,100 luxury housing units - priced at <span class='webrupee'>₹</span>4 crore and above - were sold in the quarter, compared to 1,400 in the year-ago period.(Mahindra Lifespace)
Published on Jul 28, 2023 02:40 PM IST

K Raheja group buys 3.7 acre land parcel in Mumbai for 130 crore

This is the second biggest land parcel purchased by the Raheja group recently in eastern suburbs of Mumbai.

The company purchased the 15,050 sq m land from Satish Chand Anand and the transaction was registered on June 17, 2023. (Representative)
Updated on Jul 24, 2023 10:06 PM IST

Net debt of top 8 realty firms dip 43% to 23,000 cr in last 3 yrs: Report

The market share of large developers, both listed and unlisted, has nearly doubled -- from 17 per cent in FY17 to 36 per cent in FY23.

Net debt of top eight listed developers has reduced from <span class='webrupee'>₹</span>40,500 crore in FY20 to over <span class='webrupee'>₹</span>23,000 crore in FY23.(Getty Images via AFP)
Published on Jul 16, 2023 10:59 PM IST

Bengaluru no. 1 city across APAC in flexible office space stock; Delhi-NCR 3rd

Bengaluru retained the top spot in the Asia Pacific for flexible office space, while Delhi-NCR has become the third largest city, beating Beijing and Seoul.

Bengaluru continued to top the list of APAC cities, having the highest flexible stock of 12.9 million square feet as of March 2023. (HT File Photo/For representation)
Published on Jul 14, 2023 09:27 AM IST
PTI | | Posted by Yamini C S

Two Hong Kong mansions sold at $25 million discount as property market slumps

While the asking price was about HK$380 million a block, it was reduced by almost HK$100 million for each.

Hong Kong’s luxury properties haven’t been spared from the city’s real estate downturn. (Representative image)
Published on Jul 12, 2023 05:47 PM IST
Bloomberg | | Posted by Nisha Anand

Apartments sales at 15-yr high in top seven cities during January-June: Survey

Sales of flats, costing above ₹1 crore, stood at 33,477 units in the corresponding period of the last calendar year.

JLL India data includes only apartments and excludes sales of rowhouses, villas, and plots. (HT Archive)
Published on Jul 10, 2023 08:18 PM IST

Increase in supply keeps demand, office rent flat in Apr-Jun across 6 cities

India's property market saw a marginal increase in demand amid a surge in new supply, as office rent remained steady in April to June, Colliers India said.

The firm studied the real estate market from the April to June period in six cities including Bengaluru, Mumbai, Pune, Delhi-NCR, Hyderabad and Chennai. (HT File)
Published on Jul 08, 2023 05:26 PM IST

Bengaluru housing sales, office space leasing decline in Jan-Jun: Knight Frank

India saw a marginal fall in sales and an increase in office space leasing and housing prices in the first half of the year across eight major cities.

Bengaluru city saw a fall in both sales of residential properties and office leasing.(HT Photo)
Published on Jul 04, 2023 06:18 PM IST

Housing market predicted to stay robust as RBI holds key interest rate steady

Housing sales in January-March 2023 breached the one lakh mark at 1.14 lakh units across the top 7 cities, said Real estate consultant Anarock Chairman.

Naredco President Rajan Bandelkar hailed the RBI move, saying it will help the housing sector. (Representational Image) (Manoj Sharma/HT Photo)
Published on Jun 08, 2023 02:38 PM IST
PTI | | Posted by Lingamgunta Nirmitha Rao

Half of large firms plan to cut office space over next three years: Survey

A poll of 350 real estate leaders at international firms found that half of the largest companies surveyed expect to shrink their global portfolios.

The rise of hybrid working since the pandemic has heightened concerns about the amount of office space in cities around the world that may be obsolete. (HT Archive)
Published on Jun 06, 2023 06:48 PM IST
Bloomberg | | Posted by Lingamgunta Nirmitha Rao

Noida realty firm proposes selling land to pay dues, YEIDA raises objections

Yeida objected to the plan because JAL has already mortgaged 80 acres in banks and can't sell the same to raise funds

Buddh International Circuit (Bic), the country’s first Formula One track, was built and opened by Jai Prakash Associates Ltd in October 2011. (HT Archive)
Updated on Jun 05, 2023 03:27 AM IST

PacWest to sell $2.6 billion real estate loans at discount

Kennedy-Wilson Holdings Inc. will purchase the group of 74 loans at discounted price of about $2.4 billion, it said in a statement Monday.

PacWest will sell six more loans to Kennedy-Wilson for about $363 million if it wins certain approvals, the Beverly Hills-based lender said in a separate statement. (AP)
Published on May 22, 2023 10:33 PM IST
Bloomberg |

Nearly 5.58 lakh homes likely to be completed in 2023 across 7 cities: Report

Real estate consultant Anarock's data suggests that 5,57,900 homes are scheduled for completion. In 2022, 4,02,000 units were scheduled to be completed.

The developers are trying to avoid delay in completion of projects as it leads to cost overrun. (Rep image)
Published on May 21, 2023 01:14 PM IST

Housing sales surge 48% in FY23 to 3.47 lakh crore: Report

Real estate consultant Anarock reported that sales of residential properties in value terms increased to ₹3,46,960 crore last fiscal.

The data pertains to the transactions of primary (fresh sale) housing market.(HT Photo/Representative)
Published on May 14, 2023 04:11 PM IST

DLF to launch projects worth 20k crore, targets sale bookings of 12k cr

On Friday, DLF reported that its sale bookings jumped more than two-fold to a record ₹15,058 crore last fiscal from ₹7,273 crore in the previous year.

DLF is primarily engaged in the business of development and sale of residential properties (the Development Business) and the development and leasing of commercial and retail properties (the annuity business).
Published on May 13, 2023 11:34 PM IST

Dubai records over 2.2 billion dirham in realty transactions

The mortgages included 94 villas and apartments worth AED538.96 million and 19 land plots valued at AED736.16 million.

The sales included 419 villas and apartments worth AED711.48 million, and 21 land plots worth AED119.4 million.(AP)
Updated on May 04, 2023 04:39 PM IST
ANI | | Posted by Yagya Sharma

Singapore housing rates rise for 12th straight quarter

Property values climbed 3.3% in the first three months of the year, Urban Redevelopment Authority figures showed Friday.

Rents are also surging in Singapore, which bagged the top spot for growth in the last quarter of 2022, overtaking New York. (Representative image/ AP file)
Published on Apr 28, 2023 02:39 PM IST
Bloomberg | | Posted by Yagya Sharma

Average monthly rent for 2BHK flat in north, east Bengaluru up 24% in Jan-Mar

Thanisandra Main Road and Marathahalli-ORR in Bengaluru recorded highest residential rental growth of 24 per cent each yoy in Jan-Mar period for a 2BHK home.

The consultant said that areas in east and north Bengaluru have seen a spurt in rental demand.
Published on Apr 21, 2023 09:25 AM IST
PTI | | Posted by Yamini C S

Centre to host conference in Mumbai on redressing property buyers' grievances

The conference will be organised in association with the Maharashtra government.

An aerial view of housing and real estate in Navi Mumbai, (HT/file)
Published on Apr 17, 2023 03:50 PM IST
PTI | | Posted by Nisha Anand

M3M India records more than two-fold jump in sales bookings

M3M said its sales bookings of housing properties increased more than two-fold to ₹9,307 crore from ₹4,022 crore in the previous year.

M3M India sold 6,380 residential and commercial properties in 2022-23 against 4,017 units in the previous year.
Updated on Apr 17, 2023 03:41 PM IST
PTI | | Posted by Sreelakshmi B

Sales of residential flats up 20% across 7 cities in Jan-Mar: JLL

Across 7 cities of India, sales of residential units in January-March went up by 15 per cent compared to the previous quarter, with over 62,000 units sold.

The data includes sales of only apartments. Rowhouses, villas and plotted developments are excluded from this analysis. (File)
Published on Apr 06, 2023 04:21 PM IST
PTI | | Posted by Yamini C S
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