March 2024

Transforming railway stations into new city centres | Latest News Delhi

Transforming railway stations into new city centres | Latest News Delhi

Railway stations are integral to a city’s history and identity, serving as gateways through which visitors get their first impressions of a city. India boasts some of the grandest stations in the world, but many stations constructed during the British Raj have, over time, deteriorated into dirty, dilapidated, and chaotic places. The Gandhinagar Capital railway station in Gujarat. (HT Photo)...

Office buildings in Mumbai’s Bandra Kurla Complex command higher prices than Manhattan

Office buildings in Mumbai’s Bandra Kurla Complex command higher prices than Manhattan

Uday Kotak, the founder and director of the Kotak Mahindra Bank, has expressed surprise over a building in New York being sold at a massive 70 per cent discount to its previously sold price. Uday Kotak's response to the New York office distress deal underscores the impact of COVID on the commercial real estate landscape in the US. REUTERS/Amr Alfiky/File Photo(REUTERS) According to a post...

No respite in sight for home buyers as Noida Authority to challenge High Court order

No respite in sight for home buyers as Noida Authority to challenge High Court order

Two weeks after the Allahabad High Court ordered Noida Authority to execute registries in the name of home buyers in Cloud Nine’s Lotus Espacia housing project in Sector 100, the authority has decided to challenge the court order, thereby causing more delay in the process. The Noida Authority has decided to challenge the High Court order requiring it to execute registries in the name of...

Maharashtra government extends stamp duty amnesty scheme until June 2024

Maharashtra government extends stamp duty amnesty scheme until June 2024

The Maharashtra government has decided to extend the stamp duty amnesty scheme for the third time until June 30, 2024, providing relief to property owners. The Maharashtra government has decided to extend the stamp duty amnesty scheme for the third time until June 30, 2024, providing relief to property owners. (Picture for representational purposes only) (BACHCHAN KUMAR/HT PHOTO) “...And...

Real estate sector expected to touch a market size of .3 trillion by FY2034: Credai

Real estate sector expected to touch a market size of $1.3 trillion by FY2034: Credai

The real estate sector is projected to touch a market size of $1.3 trillion (13.8% of projected GDP) by FY 2034 and $5.17 trillion (17.5% of projected GDP) by 2047, according to a report by the builders’ apex body Confederation of Real Estate Developers’ Association of India (Credai). The real estate sector is projected to touch $1.3 trillion (13.8% of projected GDP) by FY 2034 and $5.17...

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