January 2024

The real estate sector in India attracted over $5.8 bn institutional investments across 53 deals in 2023, a 14% percent increase compared to 2022. However, looking ahead to 2024, it may be necessary to closely monitor the trends in capital flows as prolonged uncertainty and monetary tightening in developed countries may lead to an increased risk aversion among investors, and they would become more...

‘We can expect more spending's on welfare across the country,’ says Ashutosh Sharma With the union government all set to present the interim Budget for the fiscal year 2024-25 on February 1, 2024, tax payers are expecting announcements like concessional corporate tax rate for new manufacturing companies,...

Real estate consultancy Colliers India has expanded into the residential space and has appointed Ravi Shankar Singh as the Managing Director for Colliers’ Residential Transaction Services in India. Interior decor, design tips: Colour combination you can use for your office room (Huseyn Kamaladdin) The residential transactions business will primarily focus on understanding and meeting the...

A new rental value structure, for determining the property tax on households, will come into effect in Ghaziabad from April 1, for the upcoming financial year 2024-2025, the Ghaziabad municipal corporation officials said on Saturday, after the civic body approved the new structure even as the mayor and councillors opposed the move, citing increased burden on taxpayers. GThe new tax structure...

Mumbai: Bollywood star Amitabh Bachchan has purchased a plot in The Sarayu, a 7-star mixed-use enclave in Ayodhya by Mumbai-based developer The House of Abhinandan Lodha (HoABL). Though HoABL refused to comment on the size and value of the deal citing client confidentiality, real estate industry sources said the plot where Bachchan intends to build a home measured around 10,000 square feet and was...

The 21.8-km-long Mumbai Trans Harbour Link was inaugurated by Prime Minister Narendra Modi January 12. The sea link aims to cut the distance between Mumbai and the satellite city of Navi Mumbai from a few hours to 15-20 minutes. It is also expected to cut travel time to major areas like Pune, and further to Goa. It may also boost economic development in the region, which houses a mega port and an...

Fashion designer Vratika Gupta, the founder of luxury home decor company Maison SIA has bought a penthouse in Mumbai's 'Three Sixty West' skyscraper for over ₹ 116.42 crore. She paid ₹5.82 crore in stamp duty. Fashion designer Vratika Gupta(Maison SIA website) According to IndexTap.com, a real estate data analytics firm, it is the first residential deal to have surpassed the ₹100 crore...

NEW DELHI: A new home loan int`erest subsidy scheme for low and middle-income groups announced by Prime Minister Narendra Modi in his Independence Day speech last year is in the final stages of preparation, union minister of housing and urban affairs Hardeep Singh Puri said on Friday. Hardeep Singh Puri, minister of housing & urban affairs at a news conference at his Akbar Road residence...

The Uttar Pradesh real estate regulatory authority (UP-Rera) has directed developers to submit their quarterly progress report (QPR) in next 15 days or face action. Through a letter, the Confederation of Real Estate Developers Association of India (CREDAI) has demanded that UP-Rera allow them at least two months to file QPR on its portal about the ongoing projects. (Bloomberg) While reviewing...

Vratika Gupta, founder of a well-known decor brand Maison SIA, has bought a luxury apartment in Mumbai for more than ₹116 crore in Oberoi 360 West, documents accessed by IndexTap showed. Founder of a well-known decor brand Maison SIA, has bought a luxury apartment in Mumbai for ₹116 crore in Oberoi 360 West, documents accessed by CRE Matrix showed. (Pexels/Representational)(Pexels) The...