December 2023

Everest Group promoters buy luxury apartments of over ₹143 crore in Mumbai

Everest Group promoters buy luxury apartments of over ₹143 crore in Mumbai

Promoters of spices brand Everest Food Products have purchased two more luxury apartments in Three Sixty West by Oberoi Realty in Mumbai for more than ₹143 crore, according to documents accessed http://IndexTap.com Everest Food Products An apartment worth ₹70 crore was registered on November 29. The size of the unit is 6921 sq ft, the documents showed. This apartment has been bought from...

India’s construction sector levels up as housing demand spurs economy

India’s construction sector levels up as housing demand spurs economy

If India needed any more proof that it was in the midst of a huge housing boom, it got in this week's GDP data, heightening expectations that the industry will continue to power the economy for years to come. Builders are bullish long-term with many saying the boom could last two to three years and some even more optimistic. (HT Archive) The construction sector grew 13.3% in July-September...

Have a crore to invest in a second home in Goa? Here’s what you should know

Have a crore to invest in a second home in Goa? Here’s what you should know

Market regulator Securities and Exchange Board of India's (SEBI) recent decision to allow the creation of small and medium REITs (Real Estate Investment Trust) along with guidelines for fractional ownership, is expected to open the doors to fractional ownership of rent yielding real estate assets, including uber-luxury second homes across the country. Goa is one of the most famous tourism...

Hyderabad sees highest 19% rise in housing price in Sep quarter: Report

Hyderabad sees highest 19% rise in housing price in Sep quarter: Report

Housing prices rose annually by an average 10 per cent during the July-September quarter this year across top eight cities in India on better demand, according to a joint report by CREDAI, Colliers and Liases Foras. A view of the deserted street in the old city following the Telangana Assembly election in Hyderabad on Thursday (ANI Photo) All eight major cities experienced a notable increase...

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