2024

Unitholders of four listed real estate investment trusts (REITs) have received a total of ₹2,754 crore during the first half of the current financial year which is an almost 14% increase from the ₹2,417 crore distributed in H1 of the previous fiscal year, as per data shared by the Indian REITs Association (IRA). Unitholders of four listed real estate investment trusts (REITs) have received...

Redevelopment is here to stay in Mumbai for more than two decades and these projects offer massive opportunities to new real estate developers wanting to enter the space from other cities, said Boman Irani, CMD of Rustomjee Group also known as Keystone Realtors. Mumbai will also write down an entire chapter, if not the whole book, on redevelopment someday in the future, said Boman Irani CMD of...

The Commission for Air Quality Management (CAQM) invoked stricter pollution control measures for the Delhi-NCR under Stage 4 of the Graded Response Action Plan, or GRAP, effective from November 18. Real estate experts said that the move is a seasonal occurrence and has been factored in their contingency plans. GRAP 4 guidelines: Real estate experts said that the move to ban construction work is...

Across India, city residents who travel by public transport all share a common trepidation — whether the bus they want to catch has already left the bus stop. This anxiety comes from a lack of infrastructure in place to track the movement of buses on city streets, making the commute unreliable and unattractive. Rush of passengers at Mandi House bus stand in New Delhi. (Arvind Yadav/HT Photo)...

New Delhi, Nov 17 (PTI) Realty firm Prestige Estates Projects Ltd plans to launch housing projects worth ₹52,000 crore by March next year to encash surge in demand for residential properties. Realty firm Prestige Estates Projects Ltd plans to launch housing projects worth ₹52,000 crore by March next year to encash surge in demand for residential properties.(Prestige Group) In its latest...

The Maharashtra Real Estate Regulatory Authority (MahaRERA) on October 22 issued an order stating that a clause be included in the agreement for sale signed between homebuyers and developers mentioning the amount (including tax) to be paid as fees, commission, brokerage, to the agent by the developer, buyer or both as the case may be. MahaRERA has not specified that the provision concerning...

Delhi-NCR is the 6th most expensive office space rental market across the Asia Pacific region with an average monthly rental of ₹340 per sq ft and Mumbai is ranked 8th with an average monthly rental of ₹317 per sq ft. Hong Kong SAR continues to be APAC’s most expensive office market during the quarter, as per Knight Frank’s latest edition of the Asia-Pacific Prime Office Rental Index for Q3...

DLF chairman emeritus K P Singh recollects that his mother had once advised him that ‘whenever you fall you must look up’ and this has had a profound impact on his life. DLF chairman emeritus K P Singh recollects that his mother had once advised him that ‘whenever you fall you must look up’ and this has had a profound impact on his life. He recollects an incident several years back...

With the British rock band Coldplay all set to hold their biggest ever show in Ahmedabad early next year, a few hotels are upping the ante by offering rooms for ₹1.60 lakh for two nights, much beyond New Year rates. With the British rock band Coldplay all set to hold their biggest ever show in Ahmedabad early next year, a few hotels are upping the ante by offering rooms for ₹1.60 lakh for...

As winter descends on Gaza's tent cities, emergency housing made from mushrooms could keep out the cold -- just one of several sustainable, home-grown innovations put forward by Arab designers at an expo in Dubai. As winter descends on Gaza's tent cities, emergency housing made from mushrooms could keep out the cold -- just one of several sustainable, home-grown innovations put forward by Arab...