2024

Mumbai Trans Harbour Link: Will it push up real estate prices in Navi Mumbai?

Mumbai Trans Harbour Link: Will it push up real estate prices in Navi Mumbai?

The 21.8-km-long Mumbai Trans Harbour Link was inaugurated by Prime Minister Narendra Modi January 12. The sea link aims to cut the distance between Mumbai and the satellite city of Navi Mumbai from a few hours to 15-20 minutes. It is also expected to cut travel time to major areas like Pune, and further to Goa. It may also boost economic development in the region, which houses a mega port and an...

Who is Vratika Gupta, fashion designer who bought ₹116.42 crore Mumbai home?

Who is Vratika Gupta, fashion designer who bought ₹116.42 crore Mumbai home?

Fashion designer Vratika Gupta, the founder of luxury home decor company Maison SIA has bought a penthouse in Mumbai's 'Three Sixty West' skyscraper for over ₹ 116.42 crore. She paid ₹5.82 crore in stamp duty. Fashion designer Vratika Gupta(Maison SIA website) According to IndexTap.com, a real estate data analytics firm, it is the first residential deal to have surpassed the ₹100 crore...

Home loan interest subsidy scheme for urban areas in final stages: Puri | Latest News India

Home loan interest subsidy scheme for urban areas in final stages: Puri | Latest News India

NEW DELHI: A new home loan int`erest subsidy scheme for low and middle-income groups announced by Prime Minister Narendra Modi in his Independence Day speech last year is in the final stages of preparation, union minister of housing and urban affairs Hardeep Singh Puri said on Friday. Hardeep Singh Puri, minister of housing & urban affairs at a news conference at his Akbar Road residence...

UP-Rera to developers: Submit progress report in 15 days or face action

UP-Rera to developers: Submit progress report in 15 days or face action

The Uttar Pradesh real estate regulatory authority (UP-Rera) has directed developers to submit their quarterly progress report (QPR) in next 15 days or face action. Through a letter, the Confederation of Real Estate Developers Association of India (CREDAI) has demanded that UP-Rera allow them at least two months to file QPR on its portal about the ongoing projects. (Bloomberg) While reviewing...

Founder of decor brand buys luxury apartment in Mumbai for over ₹116 crore

Founder of decor brand buys luxury apartment in Mumbai for over ₹116 crore

Vratika Gupta, founder of a well-known decor brand Maison SIA, has bought a luxury apartment in Mumbai for more than ₹116 crore in Oberoi 360 West, documents accessed by IndexTap showed. Founder of a well-known decor brand Maison SIA, has bought a luxury apartment in Mumbai for ₹116 crore in Oberoi 360 West, documents accessed by CRE Matrix showed. (Pexels/Representational)(Pexels) The...

Chinese cities buy housing with PBOC-tied loans, says report

Chinese cities buy housing with PBOC-tied loans, says report

Some Chinese cities have started to take advantage of low-cost funds from the central bank to purchase unsold homes and convert them to rental housing, a local media report showed, several months after the policy was introduced to help address the nation’s property crisis. Skyline of Hong Kong's luxury housing area (Bloomberg)(Bloomberg) Major cities including Qingdao and Fuzhou have...

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