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HT Real Estate News
Articles by HT Real Estate News

Could not enter own house in 2010 as project had not received OC: Piyush Goyal

Piyush Goyal tells the builder community at Credai-NATCON in Sydney that he could not 'enter his own home' in 2010 in the absence of an occupation certificate.

Commerce and Industry Minister Piyush Goyal speaking at the Credai-NATCON event in Sydney on September 24(Credai National)
Published on Sep 24, 2024 04:09 PM IST

Prestige Group targets 1,100 crore from new housing project in Bengaluru

Bengaluru real estate: Spread across 9 acres of land in East Bengaluru’s Whitefield locality, the project will comprise a total of 316 residences in four towers

Prestige Group targets <span class='webrupee'>₹</span>1,100 crore from new housing project in Bengaluru (Representational photo)(IANS)
Published on Sep 24, 2024 10:10 AM IST

Manoj Saunik a journalist turned IAS officer is now new MahaRERA chairman

Manoj Saunik replaces Ajoy Mehta as the chairman of MahaRERA. Mehta vacated the post of MahaRERA chairman on September 20 that he took charge in February 2021

Manoj Saunik, former chief secretary (CS) of Maharashtra and a former journalist, took charge as the Chairman of Maharashtra Real Estate Regulatory Authority (MahaRERA)(MahaRERA)
Published on Sep 23, 2024 10:31 AM IST

Housing sales may decline by 18% in July-Sep annually across nine cities

Housing sales fell to 1,04,393 units in Q3 CY2024 from 1,26,848 units in the same period last year, PropEquity data showed

New housing launches and sales in the July-September quarter of 2024 are expected to decline by 11% and 18% respectively across the top nine cities, according to data shared by real estate analytics firm PropEquity. (Sunil Ghosh/HT Photo)
Published on Sep 20, 2024 08:51 PM IST

BBMP to geotag 21 lakh properties before e-khata rollout

Bengaluru real estate news: In the coming days, BBMP staff will be visiting homes to capture the GPS coordinates of properties

BBMP to record GPS of 21 lakh properties before e-khata rollout (Representational photo)(IANS)
Published on Sep 20, 2024 07:13 PM IST

Hyderabad records over 54,000 home sales worth more than 33,000 crore in 2024

Properties priced under ₹50 lakh grabbed the largest share of the registrations pie in Hyderabad, though the segment’s share dropped to 59% in August 2024

Hyderabad has registered a total of 54,483 homes sales valued at <span class='webrupee'>₹</span>33,641 crore between January-August 2024. (Representational photo only)(Pixabay)
Published on Sep 20, 2024 03:09 PM IST

NCR real estate firm collaborates with Dubai-based architect Shaun Killa

Killa Designs has earlier worked on projects such as Namaste W Hotel in Mumbai and The World in Jubilee Hills in Hyderabad among others

Dubai-based architect Shaun Killa- (centre) has joined hands with Noida-based real estate developer CRC Group to design an ultra-luxury residential project that it plans to launch in Greater Noida in early 2025.
Published on Sep 20, 2024 01:25 PM IST

Phoenix Mills Ltd’s arm Casper Realty Pvt Ltd wins bid for two plots in Punjab

Casper Realty Private Limited declared as the highest bidder for the two plots in Mohali in Punjab measuring 13.14 acres

Phoenix Mills Ltd, owner, operator and developer of retail-led mixed-use destinations, has announced that Casper Realty Private Limited, its wholly owned subsidiary, has been declared as the highest bidder for two prime city-centric plots in Mohali, Punjab. (Representational photo) (HT Photo)
Published on Sep 20, 2024 11:27 AM IST

Inorbit Malls acquires 6.5 lakh sq ft retail property in Karnataka's Hubballi

The retail transaction marks a significant milestone in the real estate landscape of Tier II cities in India, especially the Hubballi-Dharwad market

Inorbit Malls acquires 6.5 lakh sq ft ready-to-launch retail property in Karnataka’s Hubballi (Representational photo) (Pixabay)
Published on Sep 20, 2024 09:30 AM IST

55 mn sq ft of Grade A mall space required by 2027 to meet growing retail demand

India’s Retail Space Per Capita (RSPC) lags behind other South Asian Countries including Indonesia, Philippines, Thailand and Vietnam.

Around 55 million square feet of Grade-A mall space is required by 2027 to meet growing retail demand (Picture for representational purposes only)(Reuters)
Published on Sep 19, 2024 05:08 PM IST

Domestic firms projected to lease 60-65 mn sq ft of office space in 2024-25

Indian firms saw a 60% rise in office space absorption between 2022-23, compared to 2018-2019, led by Delhi-NCR, Bengaluru and Mumbai.

Domestic firms are projected to lease 60-65 million square feet of office in 2024-25 (Representational photo)(Unsplash)
Published on Sep 19, 2024 04:56 PM IST

India 3rd favourite spot for foreign investors wanting to put money into land

About 70% of the total foreign investment inflows into the Indian real estate sector during H1 2024 were directed towards the industrial and warehousing segment

With nearly $1.5 bn in foreign inflows, Indian ranks third in global destinations for land/development sites during H1 2024(Ramesh Pathania/Mint)
Published on Sep 19, 2024 03:13 PM IST

MHADA lottery 2024: 1 lakh applications submitted, today is last day to apply

MHADA Mumbai lottery 2024 had announced a housing draw of more than 2,000 affordable homes and had started accepting applications from August 9

Maharashtra Housing and Area Development Authority (MHADA) has received close to 1 lakh applications for 2,030 affordable homes in Mumbai for the MHADA lottery 2024 that opened to the public in August. (Picture for representational purposes only)(Mehul R Thakkar/HT )
Published on Sep 19, 2024 08:42 AM IST

Urbanisation and retail to drive home and household market to $237 bn by 2030

The real estate sector is expected to grow at 25% CAGR, touching $1 trillion by FY29. Hybrid work culture is fuelling demand for home makeovers, said the report

Hybrid work culture leading to higher spends on home renovation, a report by Deloitte has said. (Representational photo)(Pixabay)
Published on Sep 18, 2024 08:24 PM IST

RMZ Corporation leases 3.6-lakh sq ft office space to Chevron India in Bengaluru

Chevron India is keen on taking up another 3 lakh square feet space within the same campus, RMZ Ecoworld 30 in Bengaluru, a top company executive said

RMZ Corporation leases 3.6-lakh sq ft office space to Chevron Global Technology & Services in Bengaluru(RMZ Corporation)
Published on Sep 18, 2024 06:10 PM IST

Awfis Space Solutions leases 30,000-square feet office space in Ahmedabad

Awfis Gold Centre is located on the 26th floor in Gift One Tower-GIFT City in Ahmedabad

Awfis Space Solutions leases 30,000-square feet office space in Ahmedabad(Awfis Space Solutions)
Published on Sep 18, 2024 05:13 PM IST

Rent versus buy: Average rentals increased more than capital values in Bengaluru

Should you rent or buy property? In NCR, MMR and Hyderabad, capital values appreciated more than the rental values, according to data shared by Anarock

In Bengaluru, Pune, Kolkata and Chennai, the average residential rental values rose more than the capital values between 2021-end to H1 2024. (Representational photo)(Pexels)
Published on Sep 18, 2024 04:30 PM IST

Deepika Padukone’s company buys apartment for 17.8 crore in Mumbai’s Bandra

Deepika Padukone has bought an apartment in the Sagar Resham Co-operative Housing Society that comprises 4 BHK and 5 BHK apartments.

Deepika Padukone’s firm KA Enterprises has bought a 1845 sq ft apartment for <span class='webrupee'>₹</span>17.8 crore in Mumbai’s Bandra West area for <span class='webrupee'>₹</span>17.7 crore, documents accessed by Zapkey.com showed.
Published on Sep 18, 2024 01:54 PM IST

One-fifth of indoor amusement centres occupy more than 50,000 sq ft retail space

Indoor amusement centres are witnessing a shift towards premiumization, evidenced by the fact that one-fifth of these now occupy spaces larger than 50,000 sq ft

The Indian real estate market currently boasts approximately 6.6 million square feet of operational indoor amusement centers space spread across more than 500 centers, said a report titled ‘Game on! Entertainment as the new frontier in Indian retail’ launched on September 18 during the two-day MAPIC India (formerly IRF) event in Mumbai.
Published on Sep 18, 2024 01:05 PM IST

Table Space acquires 5.5-lakh sq ft office property in Bengaluru for 500 cr

Bengaluru real estate deal: The commercial real estate asset, Kalyani Camellia, is a part of the brand’s Table Space Towers portfolio, the company said

Table Space acquires 5.5-lakh sq ft office property in Bengaluru for <span class='webrupee'>₹</span>500 crore(Table Space)
Published on Sep 18, 2024 10:51 AM IST

Prithviraj Sukumaran’s production house buys duplex in Mumbai for 30.6 crore

Prithviraj Sukumaran's firm has bought the almost 3000 sq ft apartment in Pali Hill area in Mumbai which is home to several Bollywood stars

Malayalam actor and filmmaker Prithviraj Sukumaran’s production house, Prithiviraj Productions Limited, has bought a duplex for <span class='webrupee'>₹</span>30.6 crore in Mumbai’s posh Pali Hill area.
Published on Sep 16, 2024 07:30 PM IST

Majority of indoor amusement centres in South India, Bengaluru tops the list

The total stock of operational indoor amusement centres is expected to touch 11 mn sq ft by end of 2028, up from 6.6 mn sq ft, reflecting a growth of almost 67%

South Indian cities lead in existing stock of indoor amusement centres at 2.3 mn sq ft, Bengaluru takes the top spot: JLL (Picture for representational purposes only)(Pixabay)
Published on Sep 16, 2024 02:24 PM IST

Maharashtra government signs MoU to construct 12,000 houses for dabbawalas

Under the scheme, 500 sq ft flats will be made available for ₹25 lakh. The project will be implemented by MHADA under the Centre's PMAY scheme

Maharashtra Deputy Chief Minister Devendra Fadnavis on September 13 said that 12,000 houses would be built for dabbawalas and members of the 'charmakar' (cobbler) community in three years ((Photo: Bachchan Kumar/ HT))
Published on Sep 13, 2024 09:58 PM IST

Microsoft India buys another land parcel for 453 crore in Pune's Hinjewadi

Pune real estate: Microsoft had earlier bought a 16.4 acres land parcel in Pune's Hinjewadi for Rs. 520 crore

Global tech giant Microsoft has invested close to Rs. 453 crore on land parcels spread across an area of 16.4 acres in Pune’s Hinjewadi,(REUTERS / Gonzalo Fuentes)
Published on Sep 13, 2024 07:41 PM IST

Bengaluru leads in large office space leasing, volumes touch 4.5 mn sq ft

Almost 55% of office space demand in top eight cities for area up to 1lakh sq ft: Knight Frank

Bengaluru’s large office spaces contributed 53% to the city’s total commercial transaction volumes, amounting to 4.5 million sq ft, according to a report by Knight Frank(PTI Photo)
Published on Sep 13, 2024 12:47 PM IST

Google renews lease for 3.7 lakh sq ft office space in Hyderabad for five years

Google Connect Services India Private Limited has renewed the lease for 3.7 lakh sq ft office space spread across six floors in Hyderabad

Google has renewed its lease for 3.7 lakh sq ft office space in Hyderabad for five years with the landlord Megasoft Limited for a rent of <span class='webrupee'>₹</span>2 crore per month. (Jeff Chiu/AP) (Representational photo)
Published on Sep 12, 2024 09:14 PM IST

315Work Avenue leases additional 56,000 square feet office space in Pune

Pune real estate news: 315Work Avenue now has a total of 12,000 seats across six centres spread around 0.6 million square feet in the city

315Work Avenue leases additional 56,000 square feet office space in Pune(315Work Avenue)
Published on Sep 12, 2024 08:47 PM IST

Birla Estates buys 24.5 acres land from Hindalco for 537 crore near Mumbai

MMR real estate: The land parcel bought by Birla Estates from Hindalco is located in Kalwa along the Thane-Belapur Road close to Thane and Mumbai

Birla Estates, the real estate venture of the Aditya Birla Group, has acquired a land parcel in Kalwa near Mumbai for <span class='webrupee'>₹</span>537.42 crore, (Picture for representational purposes only)(Pexels)
Published on Sep 12, 2024 08:03 PM IST

Sumadhura Group leases 1.8-lakh sq ft warehousing space to Nippon Express

Bengaluru real estate: The facility is a part of the first phase of development of Sumadhura Logistics Park in Hoskote area

Sumadhura Group leases 1.8-lakh sq ft warehousing space to Nippon Express in Bengaluru(Sumadhura Group)
Published on Sep 12, 2024 04:42 PM IST

NAREDCO asks Maha govt to allocate 5,000 slum projects to the industry body

In Maharashtra slums are redeveloped under public and private partnerships (PPP) wherein real estate developers are given additional FSI for such projects

National Real Estate Development Council (NAREDCO) Maharashtra, an apex body of real estate developers, has asked the Maharashtra government to allocate 5,000 slum redevelopment projects to the industry body.( ( Praful Gangurde /HT Photo ))
Published on Sep 12, 2024 02:48 PM IST
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