July 2024

DUBAI, July 18 (Reuters) - The Trump Organization, the company of former U.S. President Donald Trump, has teamed up with Saudi luxury international real estate developer Dar Global to build a Trump-branded tower in Dubai, the companies said on July 18. The Trump Organization, the company of former U.S. President Donald Trump, has teamed up with Saudi luxury international real estate developer...

Bollywood actor Priyanka Chopra Jonas is a keen investor in the real estate space and owns almost half a dozen assets in India and the US. The actor and her husband Nick Jonas, the US-based singer and songwriter, recently moved into their newly renovated Los Angeles home. Bollywood actor Priyanka Chopra Jonas is a keen investor in the real estate space and owns almost half a dozen assets in...

Karnataka’s local hiring bill that mandates job reservation for locals in the private sector, if implemented, could severely impede the growth of the state’s real estate ecosystem, industry experts who spoke to HT.com said. State capital Bengaluru today ranks amongst the top-3 real estate markets in the country. Karnataka government’s proposed Bill on job reservation for locals in the...

Real estate developers’ body the National Real Estate Development Council (NAREDCO) has suggested that the finance minister consider increasing the tax exemption on interest on self-occupied property loans to ₹5 lakh from the current limit of ₹2 lakh to augment housing demand and sought tax incentives from the government to boost supply of affordable housing stock.  NAREDCO has suggested...

ASK Property Fund, the real estate private equity arm of Blackstone backed ASK Asset and Wealth Management Group, has said that it has invested ₹190 crore in a upper mid-segment project being developed by Kalpataru in Borivali West, Mumbai. ASK Property Fund said that it has invested ₹190 crore in a upper mid-segment project being developed by Kalpataru in Borivali West, Mumbai (Photo by...

Buying land in Noida has become costlier as the Noida Authority decided to raise land allotment rates by six per cent in all categories except the commercial and corporate house plots, it was reported. The rates have been raised amid rising inflation and the Noida Authority has almost around 50 land parcels measuring approximately 17,500 square metres (sqm) across categories A, B, and C for...

More than 8500 luxury housing units were sold in the January to June 2024 period compared to around 6,700 units during the same period last year registering an almost 27% increase in sales. Delhi-NCR, Mumbai, and Hyderabad emerged as prominent markets, accounting for nearly 84% of the total luxury housing sales of units priced more than ₹4 crore across the top seven cities, said a report by CBRE...

The Yamuna Expressway Industrial Development Authority (Yeida) on Wednesday said it has fixed a target to raise ₹7,635 crore this final cial year (2024-25) by selling land parcels in different categories, including group housing, commercial, industrial and institutional, said authority officials on Wednesday. The Yamuna authority aims to earn ₹2,531 crore revenue from housing...

Uttar Pradesh’s urban development and energy minister A.K. Sharma on Wednesday announced that the Cabinet had approved the Lift and Escalator Rules-2024 on Tuesday, with a focus on the safety of citizens during accidents in lifts and escalators in multistorey buildings and establishments in urban areas. UP Cabinet approves the Lift and Escalator Rules-2024. On August 3 last year, a...

Realty major DLF will focus on expanding its business to develop residential and commercial projects and is entering new markets Mumbai and Goa to tap into growth opportunities, its Chairman Rajiv Singh said. Realty major DLF will focus on expanding its business to develop residential and commercial projects and is entering new markets Mumbai and Goa (Representational photo) In his message...