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US home sales fell in August despite easing mortgage rates

Published on Sep 20, 2024 10:27 AM IST

Despite more attractive mortgage rates, home sales likely declined in August in part because many prospective buyers were holding out for the Fed to cut rates.

Sales of previously occupied U.S. homes fell in August to the slowest annual pace in nearly a year even as mortgage rates eased and the supply of properties on the market continued to rise.(Pixabay)
AP |

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

Yeida housing scheme 2024: 1200 units for sale near Noida airport

Interested individuals should submit an online application through the Yamuna Expressway authority website and pay a non-refundable registration fee of ₹600

The Yamuna Expressway Industrial Development Authority (YEIDA) has launched a housing scheme offering at least 1,200 flats in Sector 22D along the Yamuna Expressway (Sunil Ghosh/HT Archive)
Published on Sep 20, 2024 09:23 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

Lulu Group scouting for a land parcel in Mumbai, may develop a shopping mall

Lulu Group, the UAE-based conglomerate, operates shopping malls in Kochi, Trivandrum, Thrissur, Bengaluru and Lucknow

UAE-based retail giant, Lulu Group, may set up a shopping mall or hypermarket in Mumbai for which it is currently scouting for a land parcel.(HT Files)
Published on Sep 19, 2024 12:11 PM IST
ByMehul R Thakkar

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

Yamuna authority earns 265.14 crore from selling 45 commercial plots

As per the detailed project reports of applicants who participated in the commercial plot scheme, they will together invest ₹500 crore in all 45 projects

The higher bids against the reserve price were a result of the demand for commercial space generated by the Noida international airport, which is set to become functional by April-end 2025, officials said. (HT Archive)
Updated on Sep 19, 2024 05:36 AM IST
By, Greater Noida

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

Mumbai's mega rental deal: Morgan Stanley leases 1 mn sq ft office space

Mumbai real estate: The office space leased by Morgan Stanley Advantage Services Private Limited is spread across 16 floors in Oberoi Commerze III

 Morgan Stanley has leased 1 million square feet office space in Mumbai at a monthly rent of <span class='webrupee'>₹</span>15.96 crore. (Representational photo)(REUTERS)
Published on Sep 18, 2024 06:32 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

Bungalows in focus after Kejriwal paves the way for Atishi to helm govt

Unlike other states, Delhi has no official CM residence and previous CMs have lived at different locations

Arvind Kejriwal and Atishi after meeting the lieutenant governor. (Sanchit Khanna/HT Photo)
Published on Sep 18, 2024 07:51 AM IST

Air quality panel issues revised Grap norms to combat air pollution in NCR

The commission reiterated that the new measures would be invoked as and when required, based on daily AQI forecasts for Delhi and NCR

The plan has undergone several revisions to adapt to evolving environmental challenges and new insights gained from its implementation over the years, said officials at the Uttar Pradesh Pollution Control Board. (Sunil Ghosh/HT Photo)
Updated on Sep 18, 2024 07:43 AM IST
By, Noida

UP govt approves Master Plan 2041 for Yamuna Expressway areas

The UP government suggested changes related to zoning regulations for data centres, green areas, healthcare facilities, research centres among others

YEIDA has addressed many objections raised by the Uttar Pradesh chief town and country planning department regarding the Urban Raya Centre, a key component of Master Plan 2041. (Sunil Ghosh/HT Photo). (HT Archive)
Published on Sep 18, 2024 07:43 AM IST
By, Greater Noida

Kangana Ranaut says she sold off personal property after 'Emergency' postponed

Kangana Ranaut says she sold off personal property after 'Emergency' postponed

Kangana Ranaut says she sold off personal property after 'Emergency' postponed
Updated on Sep 17, 2024 07:20 PM IST
PTI |

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

Got a job in Mumbai? Here's a look at options to rent a flat under 25,000

In 2020, a monthly rent of ₹25,000 could get you a 2 BHK in Mumbai’s suburbs but today getting a 1 BHK for the same amount may be a challenge, say brokers

Rentals in Mumbai's real estate market have hit the roof largely because several old buildings in the city are currently under redevelopment. (Picture for representational purposes only)(Satyabrata Tripathi / HT Photo)
Published on Sep 17, 2024 11:44 AM IST
ByMehul R Thakkar

Table Space to add 9 mn sq ft to its portfolio in the next three years

The next three years will see Table Space's presence extend to about 120 centres, largely in Tier 1 cities such as Mumbai, Bengaluru and Delhi-NCR, among others

Table Space plans to add 9 million square feet to its portfolio in the next three years with an investment of <span class='webrupee'>₹</span>4,500 crore(Table Space)
Published on Sep 17, 2024 09:11 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

Amazon techie brings a slice of Bali to Bengaluru with his tropical villa. Watch

An IT consultant for Amazon has brought a slice of Bali to Bengaluru with his modern tropical villa. Watch

Inside an Amazon techie's modern tropical villa in Bengaluru.(Facebook/Maad Concepts)
Updated on Sep 16, 2024 03:36 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

World's largest American Express office is in Gurgaon. Indian techie gives tour

American Express opened its sprawling Gurgaon campus in May.

The American Express Gurgaon campus has received Leadership in Energy and Environmental Design (LEED) Gold certification for Building Design and Construction (BD+C) Core and Shell Development.
Updated on Sep 16, 2024 01:52 PM IST

Why are realtors making a beeline for redevelopment projects in Mumbai?

Scarcity of land and upcoming infrastructure projects such as Coastal Road and Metro Phase 3 have opened up opportunities for redevelopment of old buildings

Mumbai real estate market has been witnessing increased activity in the housing society redevelopment space.(Mehul R Thakkar/HT)
Updated on Sep 16, 2024 02:02 PM IST
ByMehul R Thakkar

5 factors that make Bengaluru and Hyderabad leading hubs for GCCs

According to an August 2024 report, Bengaluru and Hyderabad accounted for over 60% of the office leasing for GCCs in India between 2022-H1 2024

5 factors that make Bengaluru and Hyderabad leading hubs for global capability centres (Representational photo)(Unsplash)
Published on Sep 16, 2024 08:22 AM IST
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