Goisu Realty Private Limited, a subsidiary of Japanese real estate developer Sumitomo Realty & Development Company, has acquired a 8,054-square metre land parcel from The Bombay Dyeing and Manufacturing Company Limited in the city's Lower Parel area for ₹440 crore, property registration documents accessed through real estate data analytics platform Propstack showed. Goisu Realty buys...
by THO
Century Textiles and Industries Limited (CTIL) has said that it has acquired the ownership rights of approximately 10-acre leasehold land parcel in Worli, Mumbai, from Nusli Wadia for ₹1100 crore and expects ₹14000 crore from the real estate development on the site. Century Textiles and Industries Limited (CTIL) has said that it has acquired the ownership rights of approximately 10-acre...
by THO
The FIRE (Financial Independence Retire Early) movement, the origins of which date back to the early 2000s, initially emphasised on extreme saving to reach financial freedom and embrace early retirement. However, it has since evolved to also include people who wish to exit the work force on their own terms and at an age of their choosing as opposed to hustling for a paycheck all the way into their...
by THO
In a move that would help homebuyers, the Supreme Court has said that if a real estate developer offers possession of a flat to a buyer without completion and firefighting clearance certificates, it would not only be illegal but would amount to deficiency in service under the Consumer Protection Act. It also said that a purchaser cannot be compelled to take possession in such circumstances....
by THO
The Goods and Services Tax (GST) Council at its 54th meeting in New Delhi on September 9 decided to bring renting of commercial property by an unregistered person to a registered person under Reverse Charge Mechanism (RCM), in order to prevent revenue leakage. The Goods and Services Tax (GST) Council at its 54th meeting in New Delhi on September 9 decided to bring renting of commercial property...
by THO
New Delhi, Sep 9 (PTI) French retailer Carrefour, which operates over 14,000 stores in more than 40 countries, is re-entering India after a decade, in partnership with Dubai-based Apparel Group. French retailer Carrefour, which operates over 14,000 stores in more than 40 countries, is re-entering India after a decade, in partnership with Dubai-based Apparel Group. (Representational photo =...
by THO
Kangana Ranaut, a BJP MP and Bollywood actor, has sold her bungalow in Bandra's Pali Hill area of Mumbai for ₹32 crore, according to property registration documents accessed by Zapkey. Kangana Ranaut, a BJP MP and Bollywood actor, has sold her bungalow in Bandra's Pali Hill area of Mumbai for ₹32 crore. (HT File)(HT_PRINT) The bungalow was purchased by Kangana Ranaut for ₹20 crore in...
by THO
BHIVE Workspace leases 77,000 sq feet office space in Bengaluru for yearly rent of ₹8.5 crore(BHIVE Workspace) Bengaluru-headquartered managed office space provider BHIVE Workspace has leased 77,000 square feet from Address Maker on CMH Road in Indiranagar, the company said in a statement on September 9. This space take up comes at a rental fee of ₹8.5 crore per annum. Address Maker is a...
by THO
More than 80% office occupiers prefer to expand their commercial portfolio through flex spaces in the next few years. The growth in flex space endorsement is expected to be highest amongst multinational companies (MNCs), with an anticipated 3-4X times rise from current levels by 2030, according to a survey-based report by Colliers titled Flex Spaces: Reshaping the New-Age India Office Market....
by THO
Relocating to Mumbai for a job often means ending up with the contacts of several property brokers on your phone, as finding the perfect home in the space-starved city is no easy task. The steep rent for small living spaces, coupled with the numerous conditions imposed by landlords, make renting in Mumbai a tough endeavour indeed. A Pune man explains why he prefers hotels to renting an...
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