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2024

Realtors acquire 1,947 acres of land valued at ₹32,203 crore in CY2023

Realtors acquire 1,947 acres of land valued at ₹32,203 crore in CY2023

Real estate developers focused on the supply pipeline by investing in acquisition of land across the country in CY2023. A total of 1,947 acres of land valued at ₹32,203 crore in 111 separate deals was acquired in 2023 as compared to 1,603 acres in 2022 valued at ₹18,112 crore, up by 21% Year-on-Year (Y-o-Y). The land acquired has a development potential of around 176 million sq. ft, a new report...

Why are rich Indians buying properties before the close of the financial year?

Why are rich Indians buying properties before the close of the financial year?

There’s a surge in the number of luxury property deals getting registered across the country just before the financial year comes to an end. The ticket size of these properties range from ₹10 crore to more than ₹100 crore. Real estate consultants point out that while the fear of missing out (FOMO) on the most desirable properties in town as supply of luxury properties is limited is one of the...

Relief to home buyer: Palais Royale builder told to maintain status quo | Mumbai news

Relief to home buyer: Palais Royale builder told to maintain status quo | Mumbai news

Maharashtra Real Estate Appellate Tribunal (MREAT) has directed the new developer of the Palais Royale project in Worli to maintain status quo regarding a home buyer’s flat and granted an injunction against creating third-party rights over the booked flat till the final hearing of an appeal against a MahaRERA order. Relief to homebuyer: Palais Royale builder in Mumbai told to maintain status...

Builders agree to pay dues, 13,600 flats to be registered

Builders agree to pay dues, 13,600 flats to be registered

The Noida authority has decided to give permission for executing registries of at least 13,600 apartments in 35 stalled housing projects after the respective real estate developers gave their written consent to pay land dues. The 35 projects in Noida where registries will take place include Hyde Park in Sector 78, Prateek Fedora in Sector 61, Apex Homes in Sector 75, and Gulshan Homes in Sector...

Godrej Properties wins bid for group housing plot for ₹506 crore in Noida

Godrej Properties wins bid for group housing plot for ₹506 crore in Noida

Listed real estate developer Godrej Properties has won the bid for a 6.45-acre group housing plot in Noida for a total bid value of ₹506 crore, Lokesh M, chief executive officer of the Noida Authority confirmed to HT on February 26. Godrej Properties wins bid for group housing plot for ₹506 crore in Sector 44, Noida, (HT Archive) (Picture for representational purposes only) The real...