July 2024

Bengaluru has emerged as the premier residential real estate market in India with 18,548 housing units sold and 16,537 homes launched during the April-June period of the ongoing calendar year, according to JLL Research. A dominant 63% of the launches fell in the upper-mid segment, consisting of apartments priced between ₹1 - 3 crore, the analysis showed. Bengaluru tops housing sales and...

Hyderabad's property registrations increased 11% year-on-year to 19,574 transactions, amounting to a total of ₹11,953 crore during the April-June period of 2024, according to a report released by proptech firm Square Yards on July 25. Homebuyers in Hyderabad are opting for bigger and costlier homes, report says (Representational photo)(Pixabay) The registered home sales value grew 27%...

Movie star Dhanush recently broke silence and hit back at critics for the flak he received over his recent purchase of a ₹150 crore bungalow in Chennai’s Poes Garden. The posh locality hosts residences of veteran actor Rajinikanth and late former Tamil Nadu Chief Minister J Jayalalithaa. Dhanush retorts to criticism for ₹150 crore home purchase in Chennai’s Poes Garden(Dhanush (X))...

Bollywood actor Sunny Leone said that she prefers to buy a house rather than rent one. Buying a property is an investment that helps secure one’s family’s future, she said at the launch of World Villa, a project by listed real estate developer Arihant Superstructures in Mumbai. Bollywood actor Sunny Leone said that she prefers to buy a house rather than rent one. Buying a property is an...

Jul 25, 2024 07:22 PM IST Budget 2024 has lowered the LTCG from 20 per cent to 12.5 per cent but removed the indexation benefits. New Delhi, Jul 24 (PTI) Revenue Secretary Sanjay Malhotra has said that the changes in Long-Term Capital Gain Tax (LTCG) announced in the Budget by Finance Minister Nirmala Sitharaman will benefit most of the people investing in the real estate sector. The...

Embassy Office Parks REIT on July 25 reported a modest 3% increase in its net operating income that grew to ₹757.5 crore in the June 2024 quarter and announced distribution of ₹530.8 crore to unitholders. Embassy REIT reported a 3% increase in its net operating income during April-June 2024 at ₹757.5 crore (Representational photo)(Bloomberg) The net operating income (NOI) stood at...

Jul 25, 2024 07:34 PM IST DLF's total income is up to ₹1,729.82 crore during the April-June period of this fiscal from ₹1,521.71 cr in the corresponding period of the previous year Real estate major DLF Ltd on July 25 reported a 23% rise in its consolidated net profit at ₹645.61 crore in the first quarter of this fiscal on higher income. It was ₹527 crore in the year-ago period....

Jul 25, 2024 04:51 PM IST R Madhavan has acquired a property which is located in Signia Pearl. It provides expansive living spaces and state-of-the-art facilities. Renowned actor R Madhavan, beloved for his versatile roles has recently expanded his real estate portfolio by acquiring a new residential property in Mumbai's Bandra Kurla Complex. According to property registration documents...

In a major push to revive supply in the affordable housing segment, Union Finance Minister Nirmala Sitharaman on July 23 announced a sizable outlay of ₹10 lakh crore under the PM Awas Yojana Urban 2.0. Revival of CLSS scheme is expected to boost supply of affordable housing stock in Tier 1 and Tier 2 cities, as per expexts (Representational photo)(HT Archive) Budget 2024 has also brought...

Flexible workspace provider WeWork India has leased two new office spaces spanning 1.4 lakh square feet cumulatively across Noida and Bengaluru, the company said in a statement on July 25. Co-working firm WeWork India has leased over 1.4 lakh square feet office space in Bengaluru and Noida(WeWork India) The two facilities which are set to open within the next three months will add 2,400-plus...