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Mumbai reports 10% drop in property registrations during Ganesh festival: data

Published on Sep 25, 2024 08:09 AM IST

Real estate consultancy firm Knight Frank said that slow growth in some high frequency macroeconomic indicators have hinted at moderation in economic activities

 Mumbai real estate market reported a 10% fall in total number of property registrations at 3,400 during Ganesh festival 2024 compared 3,700 during Ganesh festival 2023, according to Maharashtra IGR data collated by Knight Frank India, a real estate consultancy firm. (Picture for representational purposes)(Mehul R Thakkar/HT)
ByMehul R Thakkar

NBCC moves SC to complete stalled projects of realty major Supertech Ltd

NBCC has come forward with a proposal to complete stalled projects by Supertech having around 51,000 residential units.

NBCC on September 24 moved the Supreme Court seeking to develop and complete embattled realty major Supertech Limited's 17 stalled or partially built projects where around 27,000 hassled home buyers are stuck for years. (iStock) (Representational photo)
Published on Sep 24, 2024 08:00 PM IST
PTI |

Universal Success Restaurants commits 250 cr for over 50 TGI Fridays outlets

As part of the rollout, more than 15 outlets will be set up in northern cities such as Delhi-NCR, UP, Haryana and Punjab

Universal Success Restaurants palns to to pump in over <span class='webrupee'>₹</span>250 crore to set up more than 50 TGI Fridays outlets across India by 2030 (Representational photo)(Pexels)
Published on Sep 24, 2024 04:27 PM IST

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

Cricketer Shreyas Iyer and mother buy apartment in Mumbai for 2.90 crore

This is not the first time Shreyas Iyer is in news for real estate purchase. Iyer also owns a home in Lodha World Towers- one of the tallest buildings of Mumbai

Indian Cricketer Shreyas Iyer and mother Rohini Iyer have purchased a apartment for <span class='webrupee'>₹</span>2.90 crore in Mumbai's Worli area (PTI)
Published on Sep 24, 2024 03:17 PM IST
ByMehul R Thakkar

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

Mumbai real estate: Munawar Faruqui purchases 6.09 crore apartment in Wadala

Munawar Faruqui’s apartment is located in Lodha Aura, an under-construction project developed by listed real estate developer Macrotech Developers Limited

Munawar Faruqui- a stand-up comedian has purchased an apartment in an under construction project in Mumbai's Wadala(HT Files)
Published on Sep 24, 2024 10:59 AM IST
ByMehul R Thakkar

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

Ajinkya Rahane gets Bandra plot that Sunil Gavaskar didn’t develop

The plot will be leased out to Rahane for a period of 30 years for ₹4.88 crore and lease rent as per prevailing rates of the MHADA, which owns the land

Rahane, former captain of the Indian Test team and current captain of the Mumbai Ranji trophy team, has agreed to set up a sports facility on the plot (AFP)
Updated on Sep 24, 2024 09:09 AM 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

Rising Sun Holdings buys 1.75-lakh sq ft office space in Pune for 395 crore

The commercial space is spread across four floors in Cerebrum IT Park, located in Marigold Complex of Pune’s Kalyani Nagar area

Adar Poonawalla’s Rising Sun Holdings buys 1.75-lakh square feet office space in Pune for <span class='webrupee'>₹</span>395 crore (Representational photo)(Pixabay)
Published on Sep 23, 2024 06:20 PM IST

Mindspace Business Parks REIT renews lease in Pune at 3.03 crore monthly rent

The lease agreement in Pune has been signed for a period of 10 years with a security deposit of over ₹18 crore, according to the documents

Mindspace Business Parks has renewed lease for 3.75 lakh sq ft in Commerzone in Pune's Yerwada for <span class='webrupee'>₹</span>3.03 crore per month rent to Nvidia Graphics Private Limited (Representational photo)(Pixabay)
Updated on Sep 24, 2024 09:40 AM IST
ByMehul R Thakkar

Anand Rathi and family buy three luxury apartments in Mumbai for 98.94 crore

The three units have been purchased in luxury housing projects by K Raheja Corp and Birla Estates, located in Worli in Mumbai

Financial expert Anand Rathi and family have purchased three luxury apartments in Mumbai for <span class='webrupee'>₹</span>98.94 crore(K Raheja Corp Homes)
Published on Sep 23, 2024 02:37 PM IST

Mumbai hotels rates up to nearly 5 lakh for 3 nights during Coldplay concert

Most of the hotels, including five-star properties, in the vicinity of DY Patil Stadium in Navi Mumbai are now fully booked on January 18, 19 and 21

Hotels within 20 kms of the venue in Navi Mumbai where Coldplay is due to perform in January, are charging up to <span class='webrupee'>₹</span>5 lakh for three nights((Pratik Chorge/HT PHOTO))
Published on Sep 23, 2024 02:32 PM IST
ByMehul R Thakkar

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

Australia's REA sweetens takeover offer for Britain's Rightmove to $8.1 billion

Britain's housing market is triple the size of Australia's, according to analysts, and a deal would allow REA to expedite its international growth plans

Australia's REA sweetens takeover offer for Britain's Rightmove to $8.1 billion (Representational photo)(Unsplash)
Published on Sep 23, 2024 11:21 AM IST
Reuters |

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

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

Real estate developers turn to interior design to make apartments more exclusive

Aimed at providing end-to-end solutions to homebuyers, some real estate developers are warming up to the need of a dedicated interior design unit

Luxury real estate market trends: Developers turn to interior design to make apartments more exclusive (Representational photo)(Pixabay)
Published on Sep 21, 2024 10:04 AM IST

Bengaluru flatmates use corporate-style document to tackle household chores

Bengaluru engineer's hilarious chore list on X sparks reactions.

X user shares a four-column table titled “the ultimate list of chores you did not sign up for”(X/Tanvi Gaikwad)
Published on Sep 21, 2024 09:30 AM IST

Moving to Bengaluru? 5 platforms to learn Kannada for smooth auto and cab rides

Digital creators in Bengaluru are making Kannada learning accessible through engaging platforms.

Representational Image
Updated on Sep 23, 2024 10:25 AM IST
ByAnagha Shrikant Deshpande

Yeida to introduce new policy to allot land to state, central agencies

YEIDA's decision came after it received requests from eight different agencies for land for setting up offices, training institutes and research centres

The authority has identified 20 available plots across various sectors, which are being considered for allotment to these agencies. (Sunil Ghosh/HT Photo)
Updated on Sep 21, 2024 07:36 AM IST
By, Noida

Promoters arm-twisting allottees in UPRERA’s sights

UPRERA has received complaints from allottees that promoters are offering conditional possession of flats

For representation only (HT File Photo)
Published on Sep 20, 2024 09:32 PM IST
By, Lucknow

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

ED raids ex NOIDA CEO, real estate developers in fraud case

The ED has seized cash, gold and diamond jewellery worth over ₹42 cr after it raided multiple locations linked to retired NOIDA Authority chief and builders

The ED has seized cash, gold and diamond jewellery worth more than <span class='webrupee'>₹</span>42 crore after it raided multiple locations linked to retired NOIDA Authority CEO Mohinder Singh and builders (HT Photo)
Published on Sep 20, 2024 08:16 PM IST
PTI |

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

Pune’s property registrations up by 3% YoY, 26% decline in the last four months

Pune real estate market recorded a 40% increase in stamp duty collections in August 2024 to touch ₹592 crore from ₹423 crore in June 2023, according to the data

Pune real estate market reported a 3% year-on-year increase in property registrations from 13,397 in August 2024 compared to 13,021 in August 2023(Mehul R Thakkar/HT)
Published on Sep 20, 2024 01:32 PM IST
ByMehul R Thakkar

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
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