December 2024

While Mumbai has long witnessed ultra-luxury real estate transactions, some worth as high as ₹100 crore, Bengaluru is fast catching up with demand for upscale residential properties. The IT capital is seeing an increase in the number of HNIs and industrialists picking up marquee properties in the IT capital priced at more than ₹50 crore. While Mumbai has long witnessed ultra-luxury real...

Hyderabad's property registrations dipped 12% Year-on-Year (YoY) to 5,516 units in November 2024 from 6,268 units a year ago. The registrations dropped 6% month-on-month(MoM) from 5,894 in October, according to a report released by Knight Frank India on December 24. Hyderabad's property registrations dipped 12% Year-on-Year (YoY) to 5,516 units in November 2024 from 6,268 units a year ago. The...

The Maharashtra Housing and Area Development Authority (MHADA) has announced a second extension of the last date for application for MHADA's Konkan Board lottery 2024 up to January 6. Maharashtra Housing and Area Development Authority (MHADA) has announced a second extension of the last date for application for MHADA's Konkan Board lottery 2024(HT Files) The authority announced earlier this...

Mumbai-based listed real estate firm Oberoi Realty has acquired 81 acres of land in the coastal town of Alibaug near Mumbai. The company announced late on December 23 that it plans to develop a luxury hotel and branded residence villas as part of the project. Mumbai-based listed real estate firm Oberoi Realty has acquired 81 acres of land in the coastal town of Alibaug near Mumbai. (Picture for...

Bengaluru will lead office space leasing across the top cities with its highest ever of 21.7 million sq ft, up by 40% annually IN 2024, according to a December 24 report by real estate consultant Colliers. Bengaluru will lead office space leasing across the top cities with its highest ever of 21.7 million sq ft, up by 40% annually IN 2024, Colliers said.(Representational photo)(Pixabay) The...

Redevelopment of old buildings into modern condos with all the amenities that a buyer can dream of was the flavour of 2024. Several listed real estate developers added newer redevelopment projects to their portfolios. So popular was the segment that developers from as far as Bengaluru and now Delhi-NCR decided to cash in on the trend. Mumbai real estate: Redevelopment of old buildings into...

Mumbai: Dharavi residents who bought tenements located above the ground floor before November 15, 2022 will be allotted 300-square feet apartments in other parts of Mumbai on a hire-purchase basis. Owners of such tenements will have pay a nominal monthly rent for 25 years after which they will be granted ownership of the flats, said a government resolution (GR) issued by the department of housing....

Led by increasing digitalisation as organisations increase their investments in cloud storage, India's data centre capacity is set to more than double to 2-2.3 GW by 2026-27, a December 23 report by Crisil Ratings said. Led by increasing digitalisation as organisations increase their investments in cloud storage, India's data centre capacity is set to more than double to 2-2.3 GW by 2026-27, a...

With more inventory available for rent in the Bengaluru real estate market's residential segment, landlords have started reducing rents by 5% to 10% in city centres. With more inventory available for rent in the Bengaluru real estate market's residential segment, landlords have started reducing rents by 5% to 10% in city centres. (Representational photo)(Unsplash) The stabilisation in rent...

Mumbai, the financial capital of India, is the costliest real estate market and a land-starved city. Despite the shortage of land, five big land deals, cumulatively worth more than ₹2,500 crore, were transacted in the city. Mumbai, the financial capital of India, is the costliest real estate market and a land-starved city. (Picture for representational purposes only)(Mehul R Thakkar/HT)...