October 2024

Hyderabad registered home sales worth ₹36,461 crore during the January- September period of 2024 recording a 34% year-on-year increase, while the number of registrations increased 13% annually to 59,386, a report by property consultancy Knight Frank India said on October 24. Hyderabad registers over 59,000 home sales in first 9 months of 2024; up 13% YoY (Representational photo)(Shutterstock)...

Embassy Office Parks REIT, the first listed real estate investment trust (REIT) in India and the largest office REIT in Asia by area, on October 24 reported a 12% year-on-year increase in its net operating income during the July-September period of the ongoing financial year at ₹805 crore. Embassy REIT Q2 net operating income up 12% YoY, touches ₹805 crore(Embassy Office Parks REIT) The...

Amitabh Bachchan and his son Abhishek Bachchan are on a property buying spree and have bought 10 apartments worth ₹24.95 crore in Mumbai's Mulund area, according to property registration documents accessed by Square Yards Amitabh Bachchan and his son Abhishek Bachchan are on a property buying spree and have bought 10 apartments worth ₹24.95 crore in Mumbai(HT Files) The 10 apartments...

Kalyani Developers, also known as Kalyani Tech Park Pvt Ltd, on October 24 announced its foray into the residential real estate segment and said that it intends on investing ₹4,500 crore over the next two years on projects located in Bengaluru and Hyderabad. Kalyani Developers forays into housing segment; to invest ₹4,500 crore over next two years in Bengaluru and Hyderabad(Kalyani...

Managed office space provider Urban Vault has leased 1.2 lakh square feet of office space in Bengaluru’s central business district to cater to a rising demand from corporates, the company said in a statement on October 24. Urban Vault leases 1.2 lakh square feet office space in Bengaluru(Urban Vault) The said office space is spread across two buildings - HM Square (formerly HM Icon) on...

Apparel company Bhaane Group, a subsidiary of Shahi Exports, owned by Bollywood actor Sonam Kapoor Ahuja and her husband Anand Ahuja, has purchased Rhythm House, an iconic music store in South Mumbai's Kala Ghoda area, for ₹47.8 crore from fugitive diamantaire Nirav Modi. Apparel company Bhaane Group, a subsidiary of Shahi Exports, owned by Bollywood actor Sonam Kapoor Ahuja and her husband...

(Bloomberg) -- A new luxury hotel near London’s Bond Street station is going up for sale after attempts to refinance the project so far have been unsuccessful.  A new luxury hotel near London’s Bond Street station is going up for sale after attempts to refinance the project so far have been unsuccessful.(Picture for representational purposes only) (Pixabay) Jones Lang LaSalle Inc. has...

Oct 24, 2024 05:48 AM IST The company was involved in numerous high-rise and residential projects in Lucknow and the NCR LUCKNOW The income tax department on Wednesday conducted extensive simultaneous raids at over two dozen locations across Lucknow and Barabanki linked to a Lucknow-based real estate developer and a steel company. Over 25 teams were deployed for the crackdown at 18 sites...

The revenue department of Uttar Pradesh has recommended a 30% hike in circle rates for residential areas in Noida, following a five-year freeze on the rates, said officials on Wednesday. Apart from a 25-30% increase in circle rates for residential areas, the revenue department has also recommended a 10% rise for plots in industrial, commercial, and IT sectors, and a 15% hike for agricultural...

Zerodha co-founder Nikhil Kamath recently purchased his first apartment - a move that invited backlash as the billionaire has long been an advocate for renting over buying. With Nikhil Kamath’s property purchase in the spotlight, older pictures of his rented abode also resurfaced on social media. This time, his rented apartment - a sprawling 7,000 square foot architectural marvel in Bengaluru - was...