July 2024

A total of 1.90 lakh rental agreements, also known as leave and license agreements, were registered in Mumbai’s real estate market in the first six months of 2024 - a 13% increase from 1.67 lakh rent agreements registered during the same period in 2023. These were registered across all segments - residential, commercial and retail, according to the data shared by the Maharashtra Inspector General of...

NOIDA: While admitting a petition of Bank of Punjab & Sind’s petition, the National Company Law Tribunal (NCLT) has begun the corporate insolvency resolution process (CIRP) against Supertech townships projects limited which allegedly defaulted to make payment of a loan that it took from the bank, said an order. The tribunal (NCLT) said that since the developer’s account was termed as...

Larsen & Toubro’s realty arm L&T Seawoods Limited has sold 59,457 sq ft of commercial space for ₹100 crore to Suryoday Small Finance Bank. The property is located in Seawoods Grand Central in Navi Mumbai, a satellite city near Mumbai, according to the property registration documents accessed by PropStack Larsen & Toubro’s realty arm L&T Seawoods Limited has sold 59,457 sq...

Real estate developers body, the Confederation of Real Estate Developers Associations of India (CREDAI), in its wish list for Budget 2024, has said that the government should consider allowing unlimited interest deductions for the first self-occupied property or increasing the deduction limit to ₹5 lakh from ₹2 lakh for homebuyers. Budget 2024: Credai in its wish list for the FM has said...

The Enforcement Directorate (ED) has provisionally attached immovable properties spread over 88 acres and valued at about ₹300 crore belonging to real estate developer M3M India Infrastructure Private Ltd under Prevention of Money Laundering Act (PMLA). Enforcement Directorate (ED) attaches immovable properties valued at ₹300 crore belonging to M3M India Infrastructures Private Ltd under...

The Pune real estate market saw a 60% year-on-year (YoY) spike in property registrations in June 2024 with 14,230 properties being registered as against 14,309 a year back, according to the Maharashtra government’s Department of Registrations and Stamps – the Inspector General of Registration and Controller of Stamp (IGR). The Pune real estate market saw a 60% year-on-year (YoY) spike in...

Karnataka’s capital city Bengaluru stood apart in the pack of India’s top seven cities as the only market to see a year-on-year decline in sales of luxury housing units priced ₹4 crore and above during the first half of 2024, according to a report by property consultancy CBRE. Bengaluru bucks national trend of rising demand for luxury homes priced ₹4 crore and above (Representational...

Multiple subsidiaries of Mumbai-headquartered conglomerate JSW Group have purchased office spaces spanning a total of 52,694 square feet in Navi Mumbai for ₹88.12 crore, property registration documents accessed through real estate data analytics platform Propstack showed. JSW Group buys office space spanning 52,000 sq ft for ₹88 crore in Mumbai (Representational photo)(Unsplash) These...

The Maharashtra government has reduced the penalty for under payment of stamp duty by half - from two percent to one percent- with the aim of earning a revenue of ₹200 crore. The government has also increased the period within which buyers can claim reimbursement of stamp duty paid on cancelled deeds for flats. The Maharashtra government has reduced the penalty for under payment of stamp duty...

COWRKS, a Brookfield Properties company, has leased four new centres spanning a collective 1.4 lakh square feet across Mumbai and Bengaluru, the co-working firm said in a statement. This expansion has taken the brand’s overall footprint to 15 lakh square feet, it added. Flexible workspace provider COWRKS leases four centres spanning 1.4 lakh sq ft in Mumbai and Bengaluru(COWRKS) COWRKS has...