March 2024

How this Bengaluru’s housing community is gearing up to battle water woes | Bengaluru

How this Bengaluru’s housing community is gearing up to battle water woes | Bengaluru

As Bengaluru is combating severe water scarcity ahead of summer, many housing communities in the IT capital are already clueless about handling the situation in peak summer. The borewells have dried up and the prices of water tankers have skyrocketed already, making things worse for the residents, especially in the east Bengaluru area. A few high-rise communities have reportedly hired guards to ensure...

Six housing societies asked to fix dysfunctional rain harvesting system

Six housing societies asked to fix dysfunctional rain harvesting system

At least six housing societies in Gautam Budh Nagar have been asked to fix their dysfunctional rainwater harvesting system following an inspection, officials said on Saturday, adding that two others, who didn’t even have the water harvesting system in place, have been issued notices. As many as 37 establishments including commercial and residential units were inspected, and six of them were...

SEBI notifies SM REITs: Move to regulate fractional ownership industry

SEBI notifies SM REITs: Move to regulate fractional ownership industry

The Security and Exchange Board of India’s (SEBI) decision to notify Small and Medium Real Estate Investment Trusts (REITs) will provide a boost to the fractional ownership industry and safeguard investor interests, incorporating both commercial and residential properties within the new framework. It is also expected to boost the participation of domestic and foreign retail investors, said real...

Sebi notifies small and medium Real Estate Investment Trusts

Sebi notifies small and medium Real Estate Investment Trusts

In a move to regulate the fractional ownership industry, the Securities and Exchange Board of India (Sebi) has issued regulations to amend the REIT Regulations 2014, to establish guidelines for creation of Small and Medium Real Estate Investment Trusts (SM REITs), the notification said. Securities and Exchange Board of India (Sebi) has issued regulations to amend the REIT Regulations...

B&M billionaire sells luxury London mansion at 30% loss

B&M billionaire sells luxury London mansion at 30% loss

A British billionaire has sold his London mansion at a loss of about 30%, the latest example of weak demand forcing steep discounts in the city’s property market. A British billionaire has sold his London mansion at a loss of about 30%, the latest example of weak demand forcing steep discounts in the city’s property market (Picture for representational purposes only)(Pixabay) Bobby Arora,...

Women’s Day 2024: Here are 6 things women planning to buy property should know

Women’s Day 2024: Here are 6 things women planning to buy property should know

Should women buy property individually or in joint name with their partner? Should they split the equated monthly installments with their partner? Who inherits the property in the absence of a will? Legal experts answer your queries. International Women's Day 2024: to encourage the ownership of property in the name of women, many states extend stamp duty rebates to women. (Picture for...

Women’s Day Special: Meet three women who have closed land transactions in India

Women’s Day Special: Meet three women who have closed land transactions in India

They’ve had to literally walk through mud in life to get to the higher ground. They sit today as the country’s top land deal closers, and have worked their way up from identifying agricultural/mill land and delivering buildings with over a million square feet. They’ve worked with land aggregators, taken decisions for big companies to buy and sell land parcels, brokered redevelopment deals for...

Flat gutted in fire at Gaur City apartment in UP’s Greater Noida; no one hurt

Flat gutted in fire at Gaur City apartment in UP’s Greater Noida; no one hurt

A fire broke out Thursday in an apartment within the 16th Avenue society of Gaur City in Greater Noida West in Uttar Pradesh. The blaze started in one of the units on the second floor of the residential complex. Fire breaks out at an apartment in 16th Avenue society of Greater Noida West. The residents scrambled to evacuate the premises, with thick plumes of smoke billowing into the sky....

Women’s Day: Number of women property buyers in MMR double in 2023

Women’s Day: Number of women property buyers in MMR double in 2023

The number of women property buyers in MMR increased by almost half in 2023 compared to 2022 after the Maharashtra government did away with the restriction that women who had availed of the benefit of a 1% rebate on stamp duty could not sell residential units to a male buyer for the next 15 years, property registration data analysed by Zapkey.com showed. The number of women property buyers in...

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