December 2024

Real estate developer Emerald Haven Realty Ltd (TVS Emerald) said on December 23 that it had purchased a 12-acre land parcel on Radial Road (PTR) in Chennai. The acquisition has a 2.5 million sq ft development potential and a revenue potential of ₹2800 crore. Real estate developer Emerald Haven Realty Ltd (TVS Emerald) said on December 23 that it had purchased a 12-acre land parcel on Radial...

Bengaluru was one of India's leaders in commercial real estate transactions in 2024, with notable activity in office space, flex office space, and retail leasing. IT Capital accounted for about 30% of the total leasing across the country in the first nine months of 2024. Bengaluru accounted for about 30% of the total leasing across the country in the first nine months of 2024. (Representational...

Pune's real estate market reported an 11% fall in the total number of property registrations in November 2024, with 13,371 property registrations, and a 2% revenue fall to ₹475 crore from ₹485 crore, according to data from the Maharashtra government. Pune's real estate market reported an 11% fall in the total number of property registrations in November 2024(Mehul R Thakkar/HT) On a...

Driven by strong end-user demand and investor interest, the Delhi National Capital Region (NCR) has shown significant appreciation in residential prices with a Housing Price Index (HPI) of 178 between June to September, a joint study by Housing.com and the Indian School of Business (ISB) on December 23 showed. Delhi National Capital Region (NCR) has shown significant appreciation in residential...

An almost ₹190 crore ultra-luxury apartment deal in Gurugram, a ₹130 crore bungalow transaction in New Delhi’s posh Kautilya Marg, and two flats sold in Mumbai for ₹198 crore only seem to suggest one thing—that the super luxury segment attracted the attention of high-net-worth Indians in 2024 and that the Delhi-NCR market may be fast catching up with Mumbai, where ₹100 crore deals are the...

In 1915, Jhamandas Watumull, a 29-year-old Indian entrepreneur, arrived in Honolulu, Hawaii, to establish a retail shop for his import business. Along with his partner Dharamdas, he registered the business under the name Watumull & Dharamdas on Hotel Street. The store specialised in selling exotic Eastern goods, including silks, brassware, ivory crafts, and other unique items. Gulab...

A towering cinema with a roofline like an ocean liner stands out in India's financial capital Mumbai, part of a remarkable Art Deco architectural heritage that campaigners say needs protection. India's architecture fans guard Mumbai's Art Deco past A short walk away is a state-run insurance office with giant Egyptian-style carvings, and a palm-lined seafront promenade with pastel-coloured...

Housing sales is expected to plunge 21 percent annually across nine major cities during the October-December quarter to 1.08 lakh units, according to a report by PropEquity on December 21.As per the data, the total sales of residential properties across the nine cities are likely to decline to 1,08,261 units in the current quarter as against 1,37,225 units in the same period last year.Samir Jasuja,...

Mumbai's real estate market has witnessed transactions priced at more than ₹100 crore, which work out to be as high as ₹1.50 lakh per sq ft, if not more. With such skyrocketing prices, expectations of several high-net-worth individuals (HNI) who purchase these luxury apartments have also increased. This segment of buyers is willing to pay a premium for privacy that these boutique, low-rise,...

Bollywood actor Ayushmann Khurrana and his wife Tahira Kashyap have rented out their luxury apartment near Mumbai in Goregaon West for ₹90,000 per month, according to documents accessed by IndexTap.com. Bollywood actor Ayushmann Khurrana and his wife Tahira Kashyap have rented out their luxury apartment near Mumbai in Goregaon West for ₹90,000 per month. (AFP) The sprawling 2,200 sq ft...