2024

CREDAI-MCHI offers zero stamp duty on home booking at three-day property expo

CREDAI-MCHI offers zero stamp duty on home booking at three-day property expo

Mumbai: Home buyers will be able to book homes with zero registration and stamp duty during the three-day property expo organized by CREDAI-MCHI, the apex body of developers representing over 1,800 members in Mumbai Metropolitan Region, scheduled to be inaugurated by Maharashtra chief minister Eknath Shinde on the Republic Day. Home buyers will be able to book homes with zero registration and...

Kolte-Patil acquires two redevelopment projects in Mumbai Metropolitan Region

Kolte-Patil acquires two redevelopment projects in Mumbai Metropolitan Region

Mumbai: Pune-based listed developer Kolte-Patil Developers Limited has signed two new society redevelopment projects in the western suburbs of Mumbai with total saleable area of 3.06 lakh square feet translating into top-line potential of ₹545 crore, the company said. Pune-based listed developer Kolte-Patil Developers Limited has signed two new society redevelopment projects in the western...

Budget 2024 Wishlist: Real estate sector wants more tax sops for homebuyers

Budget 2024 Wishlist: Real estate sector wants more tax sops for homebuyers

The real estate sector’s expectations from Budget 2024, which is a vote on account or an interim budget, include changes in the definition of affordable housing, increase in exemption on principal amount as well as the interest paid on home loans, infrastructure status for the real estate sector and greater retail engagement in Real Estate Investment Trust or REITs. The Uttar Pradesh...

Gucci owner pays ₹8,000 crore to buy building near Trump Tower in New York

Gucci owner pays ₹8,000 crore to buy building near Trump Tower in New York

Bloomberg | | Posted by Singh Rahul Sunilkumar Kering SA, the fashion firm that owns Gucci and Balenciaga, purchased a building on Manhattan’s Fifth Avenue for $963 million (approximately ₹8,000 crore), the latest massive New York City real estate deal by a global luxury company. Pedestrians walk past a Gucci store in Sydney, Australia.(Bloomberg) Kering bought 715-717 Fifth Ave.,...

Eldeco Group to invest ₹1000 crore across 10 mid to luxury housing projects

Eldeco Group to invest ₹1000 crore across 10 mid to luxury housing projects

Real estate company Eldeco Group has a pipeline of around 10 housing projects in the mid to luxury segment spread across Sonepat, Panipat, Ludhiana, Rudrapur, Noida Extension, Gurgaon, Lucknow, Kanpur, Himachal Pradesh and Rishikesh for which it is investing close to ₹1000 crore this year. Real estate firm Eldeco Group has a pipeline of around 10 housing projects in the mid to luxury segment...

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