2024

Oct 24, 2024 05:48 AM IST The company was involved in numerous high-rise and residential projects in Lucknow and the NCR LUCKNOW The income tax department on Wednesday conducted extensive simultaneous raids at over two dozen locations across Lucknow and Barabanki linked to a Lucknow-based real estate developer and a steel company. Over 25 teams were deployed for the crackdown at 18 sites...

The revenue department of Uttar Pradesh has recommended a 30% hike in circle rates for residential areas in Noida, following a five-year freeze on the rates, said officials on Wednesday. Apart from a 25-30% increase in circle rates for residential areas, the revenue department has also recommended a 10% rise for plots in industrial, commercial, and IT sectors, and a 15% hike for agricultural...

Zerodha co-founder Nikhil Kamath recently purchased his first apartment - a move that invited backlash as the billionaire has long been an advocate for renting over buying. With Nikhil Kamath’s property purchase in the spotlight, older pictures of his rented abode also resurfaced on social media. This time, his rented apartment - a sprawling 7,000 square foot architectural marvel in Bengaluru - was...

Radhika Merchant's mother Shaila Merchant has purchased a sea-facing luxury apartment measuring 2,565 sq ft in South Mumbai in Prestige Ocean Tower for ₹20.76 crore, according to property registration documents accessed by Zapkey. Radhika Merchant's mother Shaila Merchant has purchased a sea-facing luxury apartment measuring 2,565 sq ft in South Mumbai in Prestige Ocean Tower for ₹20.76...

India is today home to over 1,800 global capability centres which occupy more than 240 million square feet of Grade A office space across the country's top seven cities, a new report by property consultancy JLL said on October 23. Over 1,800 GCCs in India lease more than 240 mn sq ft office space across top 7 cities (Representational photo)(Pixabay) In this, Bengaluru leads the pack,...

Average office rents across the top six cities in India have breached pre-pandemic levels for the first time in 2024, according to a report released by property consultancy Colliers on October 23. Average office rents surpass pre-pandemic levels across top six cities in 2024 (Representational photo)(Abhijit Bhatlekar/ Mint) The report highlighted that certain cities such as Hyderabad and...

Gurugram-based Elan Group has secured an investment of ₹1,200 crore from Kotak Real Estate Fund. The funds are slated to be utilised as growth capital, as per a company statement. Elan Group secures ₹1,200 crore from Kotak Real Estate Fund for expansion (Representational photo)(Elan Group) “This investment marks a pivotal moment in our growth journey, enabling us to strengthen our...

New Delhi, Oct 22 (PTI) Fresh assets worth ₹335 crore of the Unitech Group and a linked company have been attached under the anti-money laundering law, the Enforcement Directorate said on October 22 Fresh assets worth ₹335 crore of the Unitech Group and a linked company have been attached under the anti-money laundering law, the Enforcement Directorate said on October 22. (HT Archive)...

A 900 sq yard bungalow has been sold for almost ₹100 crore in Delhi’s tony Sunder Nagar area, according to property market sources. A 900 sq yard bungalow has been sold for almost ₹100 crore in Delhi’s tony Sunder Nagar area, according to property market sources. (Picture for representational purposes only)(Unsplash) According to local brokers, a 867 sq yard bungalow in Sunder Nagar,...

Zerodha co-founder Nikhil Kamath, who has been a long time advocate of renting over buying a home, recently purchased his first apartment. Kamath on his podcast ‘WTF is with Nikhil Kamath’ explained the reasoning behind the move. Zeodha’s Nikhil Kamath has purchased an apartment, does it make sense for you to buy one? Here's what experts say (Representational photo)(HT file photo)...