August 2024

MUMBAI: After a protracted slowdown, affordable housing in the city’s real estate sector is showing signs of recovery. A study released by Liases Foras, a real estate research and analytics firm, has shown that the less than ₹30 lakh housing segment experienced a growth of 41% in the March-June quarter. Bulk revival was observed in the peripheral areas of the Mumbai Metropolitan Region (MMR)...

Managed workspace platforms, Smartworks, has leased around 6.13 lakh sq ft of commercial space in a building in Pune for a starting rent of ₹4.44 crore per month for a license period of five years, documents accessed by CRE Matrix showed. Smartworks, has announced the expansion of its Pune portfolio and has added over 6 lakh sq. ft of prime office space The company had earlier announced...

Embassy Office Parks REIT on August 22 announced that it has signed an agreement to lease 8 lakh square feet of office space in Bengaluru to global banking major Commonwealth Bank of Australia. Embassy REIT leases 8 lakh square feet to Commonwealth Bank of Australia in Bengaluru(Embassy REIT) The said office space is being designed as a comprehensive built-to-suit solution in Embassy...

Bollywood actor Manoj Bajpayee and his wife Shabana Bajpayee have sold their property in Mumbai’s Mahalaxmi locality for ₹9 crore, documents accessed by Square Yards showed. Bollywood actor Manoj Bajpayee and his wife Shabana Bajpayee have sold their property in Mumbai’s Mahalaxmi locality for ₹9 crore, documents accessed by Square Yards showed. The property is located within...

Bengaluru-headquartered real estate developer Shriram Properties is looking to double its sales to ₹5,000 crore, triple income to ₹3,000 crore and quadruple profits to more than ₹250 crore in the next three years, or by FY27, the company's top official said on August 21. Shriram Properties eyes annual sales worth ₹5,000 crore, over ₹250 crore in profits in next three years(Shriram...

Buying a property is better than renting one, said Abhishek Lodha, Managing Director and Chief Executive Officer of Macrotech Developers which sells its projects under the Lodha brand. Buying a property is better than renting one, said Abhishek Lodha, Managing Director and Chief Executive Officer of Macrotech Developers which sells its projects under the Lodha brand.(Macrotech Developers) At...

Kolkata property registrations declined by 13% year-on-year in July 2024 after the government decided to withdraw the 2% stamp duty benefits and change the circle rates, according to data shared by Directorate of Registrations and Stamps Revenue, Government of West Bengal. Kolkata property registrations declined by 13% year-on-year in July 2024 after the government decided to withdraw the 2%...

In another social media discussion on Bengaluru’s rental housing market, a Reddit post revealed that tenants in the city are paying up to ₹38,000 for an unfurnished 1 BHK unit. Netizens discuss a case of ₹38,000 rent for unfurnished 1 BHK in Bengaluru, post goes viral on Reddit (Representational photo)(Unsplash) The discussion started with a certain user asking how are folks in the...

Bengaluru-based entrepreneur Suhasini Sampath recently sat down to discuss money matters with influencer Sharan Hegde. During her appearance on “The 1% Club Show” podcast, she opened up about the sale of her company, her real estate investments and more. Sampath is the founder of Yoga Bar, an energy bar brand she launched in 2014 along with her sister Anindita Sampath. Last year, she sold 39% of...

A structural audit of the Chintels Paradiso condominium at Gurugram Sector 109 has deemed a seventh tower in the complex — Tower C — to be unsafe, and has recommended that it be demolished, people aware of the development said on Tuesday. Tower C of Chintels Paradiso, which has been deemed unsafe by experts of CBRI, who conducted the structural audit of the building at Sector-109 near...