2024

Housing sales expected to fall by 21% annually; Hyderabad likely to witness maximum drop in sales

Housing sales expected to fall by 21% annually; Hyderabad likely to witness maximum drop in sales

Housing sales is expected to plunge 21 percent annually across nine major cities during the October-December quarter to 1.08 lakh units, according to a report by PropEquity on December 21.As per the data, the total sales of residential properties across the nine cities are likely to decline to 1,08,261 units in the current quarter as against 1,37,225 units in the same period last year.Samir Jasuja,...

Here’s why some wealthy homebuyers prefer limited edition luxury homes to high-rise condominiums

Here’s why some wealthy homebuyers prefer limited edition luxury homes to high-rise condominiums

Mumbai's real estate market has witnessed transactions priced at more than ₹100 crore, which work out to be as high as ₹1.50 lakh per sq ft, if not more. With such skyrocketing prices, expectations of several high-net-worth individuals (HNI) who purchase these luxury apartments have also increased. This segment of buyers is willing to pay a premium for privacy that these boutique, low-rise,...

Ayushmann Khurrana, wife, rent out their luxury apartment for ₹90,000 per month near Mumbai

Ayushmann Khurrana, wife, rent out their luxury apartment for ₹90,000 per month near Mumbai

Bollywood actor Ayushmann Khurrana and his wife Tahira Kashyap have rented out their luxury apartment near Mumbai in Goregaon West for ₹90,000 per month, according to documents accessed by IndexTap.com. Bollywood actor Ayushmann Khurrana and his wife Tahira Kashyap have rented out their luxury apartment near Mumbai in Goregaon West for ₹90,000 per month. (AFP) The sprawling 2,200 sq ft...

Real estate developers urge government to reconsider 18% GST proposal on FSI, additional FSI under GST

Real estate developers urge government to reconsider 18% GST proposal on FSI, additional FSI under GST

Real estate developers have urged the government to reconsider the proposal of charging 18% Goods & Services Tax (GST) on floor space index and additional FSI charges paid to local authorities for realty projects. The pan-India developers’ body Credai has said that imposing GST on FSI charges could increase housing prices by 10% and adversely impact demand. CREDAI, in a letter to the...

Bollywood film producer Madhu Mantena’s firm buys three luxury apartments in Mumbai’s Juhu for over ₹25 crore

Bollywood film producer Madhu Mantena’s firm buys three luxury apartments in Mumbai’s Juhu for over ₹25 crore

Bollywood film producer Madhu Mantena’s company Big Bang Mediaverse Private Limited has acquired three premium apartments in the posh Juhu locality for ₹25.75 crore, documents accessed by prop-tech company Square Yards show. Bollywood film producer Madhu Mantena’s company Big Bang Mediaverse Private Limited has acquired three premium apartments in the posh Juhu locality for ₹25.75...

Bengaluru’s property registrations dip 21% amid E-khata implementation woes

Bengaluru’s property registrations dip 21% amid E-khata implementation woes

Bengaluru's real estate market reported 5667 property registrations in October, an almost 21% dip compared to 7167 units registered in September, according to data by the Inspector General of Registration (IGR) accessed by prop-tech platform Square Yards. Bengaluru's real estate market reported 5667 property registrations in October, an almost 21% dip compared to 7167 units registered in...

Luxury flats, corporates and now fancy restaurants. Here’s why Noida and G Noida are warming up to a gastronomical high

Luxury flats, corporates and now fancy restaurants. Here’s why Noida and G Noida are warming up to a gastronomical high

With the Noida International Airport expected to be operational by April 2025 and several corporates opening up offices in Noida, not to mention hundreds of homebuyers settling down in the new housing hubs coming up along the Noida-Greater Noida Expressway and Greater Noida West, restaurant brands popular in Noida and Delhi are cashing in on the opportunity by expanding to multiple locations to cater...

Actor Manish Paul rents out office space in Mumbai for ₹2 lakh per month

Actor Manish Paul rents out office space in Mumbai for ₹2 lakh per month

Television host and actor Manish Paul has rented out a commercial property in Mumbai’s Andheri West area for Rs. 2 lakh per month for two years, according to registration documents accessed by Square Yards. Manish Paul has rented a commercial property in Mumbai’s Andheri West area for Rs. 2 lakh monthly for two years. (HT Photo) According to Square Yards, the leased property spans 1,200...

Noida authority declares 200 buildings illegal

Noida authority declares 200 buildings illegal

Dec 19, 2024 06:16 AM IST Noida authority has issued notices to the owners of these 200 buildings warning them that if they do not adhere to norms, the authority will raze the buildings The Noida authority said it has declared at least 200 buildings illegal as these were built in violation of the building codes, said officials. The authority officials said they have also decided...

Bengaluru real estate: Can homebuyers approach Human Rights Commission if the builder delays in handing over the flat?

Bengaluru real estate: Can homebuyers approach Human Rights Commission if the builder delays in handing over the flat?

Distressed over the delay in getting possession of his apartment and the compensation ordered by RERA, a homebuyer in Bengaluru has now approached the National Human Rights Commission. Distressed over the delay in getting possession of his apartment and the compensation ordered by RERA, a homebuyer in Bengaluru has now approached the National Human Rights Commission. (Representational...

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