Millennials and Gen Z buyers will comprise about 60% of new homebuyers by 2030, a report by real estate consultant JLL said. Millennials and Gen Z buyers will comprise about 60% of new homebuyers by 2030, a report by real estate consultant JLL said. (Representational Image)(Mehul R Thakkar) The report added that the urban homeownership rate is set to increase to 72% by 2025, up from 65% in...
by THO
Housing sales in the top seven Indian cities witnessed a marginal fall of 4% in 2024, with over 4.59 lakh units being sold compared to over 4.76 lakh units in 2023, according to the data of ANAROCK, a real estate consultancy. India real estate update: Housing sales in the top seven Indian cities witnessed a marginal fall of 4% in 2024, with over 4.59 lakh units being sold compared to over 4.76...
by THO
Mumbai's real estate market's office segment reached new heights in 2024, with the per sq ft rental for a commercial office space touching the ₹700 per sq ft market in Bandra Kurla Complex (BKC), which is also known as India's costliest business district. Mumbai's real estate market's office segment reached new heights in 2024, (Picture for representational purposes only)(Mehul R Thakkar/HT)...
by THO
Dec 26, 2024 07:18 AM IST Mumbai's Third Mumbai project, Karnala-Sai-Chirner New Town, aims to boost connectivity and become a tech hub, with surveys starting in 2025. Mumbai: A series of surveys are set to be carried out in 2025 to develop Third Mumbai in Raigad, which improves connectivity and reduce travel time between Mumbai and Navi Mumbai. The Third Mumbai, recently named as...
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Jagdish Master, director of Deep Financial Consultants, has purchased a ₹105 crore apartment in a property in the Worli area of Mumbai, according to property registration documents accessed by Zapkey.com Mumbai real estate update: Jagdish Master, director of Deep Financial Consultants, has purchased a ₹105 crore apartment in a property in the Worli area of Mumbai(Mehul R Thakkar/HT) The...
by THO
In 2024, the Karnataka government launched the e-khata initiative to improve transparency in property registrations, reduce fraud, and increase property tax revenue. This initiative had its own set of challenges. It not only led to a slight dip in property registration numbers in the month of October but also affected buyers who were in the process of getting their documents registered. E-khata...
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MUMBAI: India’s tallest residential building -- Palais Royale, in Worli, standing at 320 meters -- received a second set of Occupation Certificate (OC) a week ago. The Brihanmumbai Municipal Corporation (BMC) had issued the last OC to the property’s ground plus 27 floors, in August 2022. With the new approvals, a cumulative 53 floors have been cleared, while approvals for 31 floors are awaited....
by THO
The Maharashtra Real Estate Regulatory Authority (MahaRERA) grabbed attention in 2024. The former chairman, Ajoy Mehta, who retired in September 2024, released a book titled ‘ RERA - A Perspective' in which he spoke about how the real estate sector is full of ‘horror stories’ where homebuyers have either booked or purchased a property in a project that perhaps did not have the required...
by THO
Leasing of logistics and industrial (L&I) spaces is set to reach 50-53 million sq feet in 2024 across eight major cities on sustained demand, according to a report by Cushman & Wakefield on December 24. Leasing of logistics and industrial (L&I) spaces is set to reach 50-53 million sq feet in 2024 across eight major cities on sustained demand (Picture for representational purposes...
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Alisha Rafiq Malik and Zia Malik Lalji, members of the promoters of footwear retailer Metro Brands, have bought two luxury apartments in the Worli area of Mumbai for ₹162 crore, each, according to property registration documents accessed by Indextap.com Alisha Rafiq Malik and Zia Malik Lalji, members of the promoters of footwear retailer Metro Brands, have bought two luxury apartments in the...
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