Global real estate consultant Knight Frank has said that its India chairman and managing director Shishir Baijal will take on the additional responsibility of non-executive chair of the Asia Pacific Region from April next year. Knight Frank appoints Shishir Baijal as non-executive chair of Asia Pacific "As one of Knight Frank’s most senior leaders and a member of the Group Executive Board,...
by THO
If you’ve set aside ₹50 lakh to buy a property in Mumbai, you will be in for a surprise for what it can fetch you in the country’s most expensive real estate market. Mumbai real estate: If you’ve set aside ₹50 lakh to buy a property in Mumbai, you will be in for a surprise( (Pratik Chorge/HT Photo)) Several luxury real estate projects are located in areas such as Worli, Prabhadevi...
by THO
NOIDA: The Noida authority on Tuesday said that it has decided to write to the economic offence wing in Delhi to launch an investigation against Logix Blossom Zest realty project that allegedly failed to clear its financial dues and also didn’t deliver apartments to homebuyers. The reality firm, however, has rejected the allegations. The Noida authority, meanwhile, has also decided to take...
by THO
The market size of the proptech segment in real estate is estimated to touch $600 billion by 2047 from the current $10.5 billion on account of the ongoing and projected technological revolution taking place in the field, according to a joint report by Credai and EY released at the association’s 25th foundation day. The market size of the proptech segment in real estate is estimated to touch...
by THO
We’ve come across numerous stories of exchanges between friendly landlords and tenants in India’s metros. An entrepreneur in Bengaluru took to social media to reveal that his landlord is now also playing the role of an advisor for his startup, perfectly capturing a 'Peak Bengaluru' moment in India’s startup capital. The entrepreneur shared a screenshot of his WhatsApp exchange with his...
by THO
Several banking firms and asset management companies have of late bought commercial properties in Mumbai rather than take them on lease. A case in point is Nippon Life India Asset Management Ltd that recently acquired two premium commercial properties at One Lodha Place in Mumbai's Lower Parel locality for a combined value of ₹486.03 crore. Several banking firms and asset management companies...
by THO
Most real estate markets across the country, especially Mumbai and Pune are expected to approach optimal affordability levels by 2025 with a projected interest rate cut on the horizon, while Kolkata is set to maintain its status as the most affordable market, potentially hitting new peaks, according to JLL’s Home Purchase Affordability Index (HPAI). Rate cuts may help optimize home...
by THO
Bollywood actors have been in the news for buying and renting out commercial and residential properties in the Mumbai real estate market, which is one of the costliest real estate markets of the country. Earlier this month, Bollywood actor Shahid Kapoor and wife Mira Kapoor rented out their luxury apartment in the Worli area of Mumbai at a rent of ₹20 lakh per month for five years.(Instagram)...
by THO
The Bengaluru-versus-other-cities rivalry has found a new contender in Hyderabad. A post on X, accompanied by images showcasing Hyderabad's impressive tech parks and high-rises, has declared, “Hyderabad is the new Bangalore.” Housing prices in Hyderabad saw an 11 per cent increase in 2023.(X/@venkyHQ) X user Venkatesh Gupta, a product manager, has ignited a debate on the platform,...
by THO
In the wake of recent concerns over Delhi-NCR’s worsening air quality, new data has revealed that several cities in Karnataka are among the cleanest in terms of air quality. While Bengaluru itself is not part of the group, seven out of the 13 cities in India currently ranking in the 'Good' AQI category are in Karnataka, according to a recent report by the Central Pollution Control Board (CPCB),...
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