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Vandana Ramnani

Vandana Ramnani is editor, real estate, HT Digital. She has reported extensively on residential and commercial real estate. She can be reached at [email protected]

Articles by Vandana Ramnani

Realtors must ensure guaranteed ESIC and PF registration for workers: Goyal

Adopt environment friendly construction technologies to reduce pollution, set up manufacturing facilities for equipment that is currently imported: Piyush Goyal

Commerce and Industry Minister Piyush Goyal has urged members of CREDAI to ensure 7 crore people employed in the real estate sector get a guaranteed ESIC and provident fund registration
Published on Sep 24, 2024 01:15 PM IST

Housing sales appear to be subdued on account of fewer new launches: Credai

Demand for housing ‘evergreen’, new projects ‘sold out’ and there is no inventory, said real estate developers at the Credai-Natcon event in Sydney

Demand for housing ‘evergreen’, new projects get ‘sold out’ as soon as they are launched and there is no unsold inventory, said real estate developers at the Credai-Natcon event in Sydney
Published on Sep 23, 2024 07:41 PM IST

India's real estate market likely to touch $10 trillion by 2047

By 2047, an estimated 50% of India’s population will reside in urban centers, leading to increased demand across housing, office, and retail asset classes

Indian real estate market is likely to touch $10 trillion by 2047, according to a Colliers-CREDAI report released at the Credai-NATCON 2024 event in Sydney, Australia
Published on Sep 23, 2024 01:00 PM IST

Why are real estate developers launching 5 crore-plus apartments in Noida?

Noida real estate market: As cost of land and construction hit the ceiling, builders up their game in Uttar Pradesh’s most promising township

NCR real estate market: Real estate developers are launching <span class='webrupee'>₹</span>5 crore-plus apartments in Noida.(Virendra Singh Gosain/HT PHOTO)
Published on Sep 22, 2024 07:38 AM IST

Gaurs Group planning to launch an IPO in the next one or two years

Gaurs Group that recently launched a 12-acre luxury project comprising around 1200 flats in Ghaziabad, plans to launch another ultra luxury project in NCR soon

NCR-based Gaurs Group that completes 30 years this year, plans to launch its Initial Public Offering (IPO) in the next one or two years, said Manoj Gaur, chairman and managing director of Gaurs Group.
Published on Sep 17, 2024 03:40 PM IST

Goldman Sachs leases 73,000 sq ft office space in Mumbai for 2 cr per month

Goldman Sachs (India) Securities Pvt Ltd has picked up two units on the ninth and tenth floors of the building at a monthly rent of ₹2.06 crore

Goldman Sachs (India) Securities Pvt Ltd has leased more than 73000 sq ft of office space for more than <span class='webrupee'>₹</span>2 crore per month for 10 years in K Raheja Pvt Ltd’s Acentia project in Worli, Mumbai (Representational photo)(Reuters)
Published on Sep 13, 2024 07:11 PM IST

Granting possession of a flat without completion certificate ‘illegal’: SC

The SC order, said legal experts, makes the realtor responsible to obtain the necessary certificates before offering possession of a flat to a buyer

Supreme Court deems granting possession of a flat without completion and firefighting clearance certificates ‘illegal’(HT Photo)
Updated on Sep 10, 2024 08:28 AM IST

Commercial property rentals now under Reverse Charge Mechanism: GST Council

The Goods and Services Tax (GST) Council at its 54th meeting also clarified on the tax treatment of preferential location charges

The Goods and Services Tax (GST) Council at its 54th meeting in New Delhi on September 9 decided to bring renting of commercial property by an unregistered person to a registered person under Reverse Charge Mechanism (RCM), in order to prevent revenue leakage. (PTI photo)(PTI)
Published on Sep 09, 2024 10:10 PM IST

Deloitte leases 80,000 sq ft space in Oberoi Commerz building in Mumbai

Deloitte Shared Services India LLP has leased the commercial space for five years, according to the leave and license agreement shared by Propstack. 

Deloitte Shared Services India LLP has leased 80,849 sq ft of office space at the Oberoi Commerz III building in Mumbai at a monthly rent of <span class='webrupee'>₹</span>2.09 crore a month (Representational photo) (Unsplash)
Published on Sep 06, 2024 06:46 PM IST

India's hospitality sector sees $93 million investment surge in H1 2024

The Indian hospitality market is thriving with $93 million in investments during the first half of 2024. Key growth is seen in Tier II and III cities

The country’s hospitality sector witnessed an investment activity of around $93 million in the first half of the year (January to June 2024).
Published on Sep 04, 2024 01:18 PM IST

Maharashtra tops list of green real estate projects, UP bags 2nd position

Maharashtra also leads in terms of the highest average size of green-certified real estate assets at around 0.37 mn sq ft followed by Telangana at 0.36 mn sq ft

Maharashtra topped the list of green real estate projects (1094 projects) across the country on account of its policy of allowing incentives for sustainable buildings (Representational photo)(HT File / Representative Photo)
Updated on Sep 03, 2024 01:02 PM IST

India now a transparent real estate market: JLL GRETI 2024

Strides in transaction processes has helped India's Tier 1 markets move to the transparent tier, improvement in global rankings set to attract major investments

India's Tier 1 markets have moved to the transparent tier for the first time in JLL's Global Real Estate Transparency Index (Picture for representational purposes only) (Pexels)
Published on Aug 27, 2024 02:24 PM IST

Homebuyers’ body objects to MahaRERA setting up a conciliation forum

The ministry should ensure that the conciliation forum so constituted is independent, uniform and comprises impartial persons of repute, the letter noted

Homebuyers’ body writes to Centre, objects to MahaRERA setting up a conciliation forum to settle buyers-builders disputes(Hindustan Times)
Updated on Aug 26, 2024 10:05 AM IST

Cabinet’s approval of three metro projects may lead to realty sector's growth

New Metro corridors in Bengaluru and Maharashtra likely to act as a catalyst for the growth of housing, office and retail markets.

The Union Cabinet on August 16 approved three metro rail projects in Bengaluru in Karnataka, and Thane and Pune in Maharashtra, (Representational photo)(X/@bykarthikreddy)
Published on Aug 17, 2024 07:36 AM IST

UP RERA warns to put 400 projects in ‘abeyance’ over delay in uploading records

UPRERA has found that real estate promoters of about 400 projects had not uploaded the land records or maps or both of the projects on the RERA portal.

UP RERA warns to put 400 real estate projects in ‘abeyance’ over delay in uploading maps and land records
Published on Aug 16, 2024 09:47 PM IST

Signature Global plans to launch a 130-acre project in Sohna this year

Signature Global to launch low-rise floors, retail and plots for industrial or multiple business use in Sohna. Plans to foray into Delhi and Noida markets

Gurugram-based listed real estate firm Signature Global is planning to launch a 130-acre project in Sohna targeting the middle-income segment within this year, Chief Executive Officer (CEO) Rajat Kathuria told investors.
Published on Aug 16, 2024 01:17 PM IST

No impact on home loan EMIs as RBI keeps repo rate unchanged at 6.5%

RBI's decision to keep repo rates unchanged at 6.5% for ninth consecutive time aligns well with the government’s announcement on indexation benefits on August 7

RBI MPC Meet: RBI governor Shaktikanta Das decides to keep repo rates unchanged at 6.5% for ninth consecutive time, decision augurs well for the housing sector(ANI)
Published on Aug 08, 2024 11:25 AM IST

Big relief for homeowners as government gives options on LTCG tax

The revision can help stimulate the property market because it provides clarity and implies potential tax burden reduction, said real estate experts

Union finance minister Nirmala Sitharaman speaks in the Lok Sabha during the Monsoon session of Parliament on August 7. (PTI Photo)
Published on Aug 07, 2024 07:57 PM IST

Real estate and tax experts welcome the Centre’s decision to ease LTCG tax

Real estate experts said that the government’s decision to ease LTCG tax for sale of property is ‘a significant step forward’

Real estate and tax experts have welcomed the government’s decision to ease the long-term capital gains tax for sale of properties proposed in the Union budget 2024. (Sunil Ghosh/HT Photo)
Published on Aug 06, 2024 10:48 PM IST

After Ayodhya, HOABL plans to launch projects in Shimla, Amritsar this year

HOABL has invested close to ₹3000 cr across nine cultural and tourism locations, likely to put in ₹4000 cr in six more cities, including Shimla

After Ayodhya, HOABL is expected to invest <span class='webrupee'>₹</span>4000 crore in six more cities, including Shimla, Amritsar, Vrindavan, Varanasi, Nagpur and Khopoli over the next few years, Abhinandan Lodha, chairman of the company, told HT.com
Published on Jul 29, 2024 04:34 PM IST

Planning to sell a property bought after 2001? Here is what you must know

Budget 2024: The indexation benefit offered to property sellers earlier led to major tax savings but that may not be possible for properties bought after 2001

Budget 2024: If you bought a property in or after 2001 and plan to sell it now, you may find yourself paying more tax as the indexation benefit has been done away with. (Representational photo)(Pixabay)
Published on Jul 24, 2024 07:26 PM IST

Budget 2024: Focus on digitisation of land records, urban dev gets a leg up

Realty experts said steps to introduce tech reforms within the regulatory framework for land, such as digitization of land records, will improve transparency

Urban development is one of the nine priorities outlined by the Finance Minister Nirmala Sitharaman in her speech on July 23. (Representative photo)(Pixabay)
Published on Jul 23, 2024 02:14 PM IST

Budget 2024: 5 Things the real estate sector looks forward to from the FM

The realty sector hopes that the government will push for affordable housing in Budget 2024. Seeks for sops for homebuyers and incentives for builders

The real estate sector hopes that the government will push for affordable and middle income housing in Budget 2024. Photo by Aniruddha Chowdhury/Mint (Aniruddha Chowdhury/Mint)
Published on Jul 23, 2024 10:13 AM IST

One in four cases settled after admission under IBC from the real estate sector

The Economic Survey said that more than one-fifth of the companies undergoing the resolution process under the IBC are from the real estate space.

Economic Survey noted that one in four cases settled after admission was from the real estate sector. Of the 891 corporate debtors resolved, 133 were real estate companies, forming 15% of the companies resolved. (Representational photo) (Anshuman Poyrekar/HT Photo)
Published on Jul 22, 2024 09:07 PM IST

Economic Survey: Housing sector on a growth trajectory

Economic Survey notes that the housing sector is on a growth trajectory and that demand is expected to be driven by affordability and increased access to credit

The Economic Survey released on July 22 emphasized on the real estate sector’s recovery after the pandemic, driven by factors like urbanization, government schemes such as the Pradhan Mantri Awas Yojana (PMAY) and other affordable housing initiatives. (HT Photo) (Representational photo)
Published on Jul 22, 2024 02:35 PM IST

Twinkle Khanna rents two apartments for 1.85 lakh per month in Mumbai

Twinkle Khanna and her sister Rinke Khanna have rented two flats in Mumbai's Khar area at a starting rent of ₹1.85 lakh for five years, documents showed.

Twinkle Khanna and her sister Rinke Khanna have rented two apartments in Mumbai at a starting monthly rent of <span class='webrupee'>₹</span>1.85 lakh for five years.
Published on Jul 16, 2024 04:18 PM IST

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

Priyanjali Mariwala buys apartment in Mumbai's BKC for more than 65 crore

Priyanjali Mariwala, who leads the ASCENT Foundation, a not-for-profit firm of Harsh Mariwala, chairman of Marico, has bought the flat in Mumbai

Priyanjali Mariwala has bought an apartment for <span class='webrupee'>₹</span>65.25 crore in Sunteck Signature Island, (Representational photo)(Unsplash)
Published on Jul 05, 2024 06:24 PM IST

Office space absorption may touch more than 70 mn sq ft by end of the year

Bengaluru remained the largest office market in H12024; Demand for office space from IT firms may double in the next half of the year: Knight Frank

Office space absorption may touch more than 70 mn sq ft by end of the year: Knight Frank (Representational photo) (Pexels)
Published on Jul 04, 2024 06:38 PM IST

Luxury homes above 1 crore witness 41% growth in sales

Delhi-NCR and Mumbai account for almost half of ₹1 crore home sales in H12024; Affordable and mid-segment housing expected to bounce back: Knight Frank report

NCR and Mumbai accounted for almost half of premium category sales in H1 2024, a new report by Knight Frank India showed. (Representational photo)(Unsplash)
Published on Jul 04, 2024 02:07 PM IST
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