July 2024

Keystone Realtors Limited, also known as Rustomjee Group, on July 11 announced its foray into the plotted development segment. It said that the company has acquired a 88-acre land parcel in Kasara near the famous hill station Igatpuri, which is about a three hour drive from Mumbai. Rustomjee Group, on July 11 announced its foray into the plotted development segment. (Picture for...

Housing sales in the top eight cities fell 6% during the April-June period of 2024 compared to the previous quarter and new launches came down with both homebuyers and developers adopting a wait-and-watch approach ahead of the Lok Sabha polls, a quarterly analysis by digital real estate brokerage firm PropTiger.com showed. Housing sales in the top eight cities fell 6% during the April-June...

India's most valuable real estate firms have a cumulative value of ₹14.2 lakh crore and DLF has emerged as the top real estate company with a valuation of more than ₹2 lakh crore, according to the 2024 GROHE-Hurun India Real Estate 100. DLF has emerged as the top real estate company in the 2024 GROHE-Hurun India Real Estate 100, with a valuation of more than ₹2 lakh crore. Following...

India’s IT capital Bengaluru is expected to continue its lead in India's commercial real estate market with 330-340 million square feet of office stock by the year 2030, according to a report by the Confederation of Indian Industry and CBRE. Bengaluru is expected to dominate India's commercial real estate market with 330-340 million square feet of office stock by 2030, as per a report...

While the preferred period to rent a property in Mumbai, be it commercial or residential, is a minimum one year, there are instances when properties are leased for a shorter duration for two to six months. Mumbai real estate: There is no legal provision that prohibits an owner from renting his property in the city for a shorter period, said local brokers.(Mehul R Thakkar) According to real...

Jul 10, 2024 09:57 AM IST A penthouse at Aman New York has sold for $135 million, making it the most expensive home purchased in Manhattan this year (Bloomberg) -- A penthouse at Aman New York has sold for $135 million, making it the most expensive home purchased in Manhattan this year. A penthouse at Aman New York has sold for $135 million, making it the most expensive home...

Bengaluru’s housing sales recovered ground in the April-June quarter to register a net positive growth of 4% during the first half of the year, according to a report by property consultancy Knight Frank India. Almost half of the overall sales during the half yearly period were in luxury housing segment. Bengaluru’s housing sales recovered ground in Q2 2024 to register net positive growth of...

Red Fox IT Infra LLP, a subsidiary of Redbrick Offices, a co-working space provider, has purchased 22 office spaces spread over an area of 87,618 sq ft in Andheri area of Mumbai for ₹267 crore, according to property registration documents accessed by CRE Matrix. Red Fox IT Infra LLP, a subsidiary of Redbrick Offices, a co-working space provider, has purchased 22 office spaces spread over an...

The Real Estate Regulatory Authority (RERA), Gurugram, has imposed a penalty of ₹5 crore on a real estate developer Vatika Limited for not applying for RERA registration of an ongoing project within three months of the Act getting notified in Haryana in 2017, said a statement by Haryana RERA. The Real Estate Regulatory Authority (RERA), Gurugram, has imposed a penalty of ₹5 crore on a real...

The Delhi High Court on July 9 issued notice to a real estate firm on pleas by former India cricketer Yuvraj Singh seeking invocation of arbitration laws over alleged violation of his privacy rights in promotion of construction projects and for delayed delivery of a dwelling unit to him in the national capital. The Delhi High Court has issued notice to a real estate firm on pleas by former...