January 2025

‘Buying a house will never go out of fashion; it will always be there,’ said Vikas Oberoi, Chairman and Managing Director of Oberoi Realty, while highlighting the enduring appeal of housing demand in the real estate market during the company's investors' call held recently. ‘Buying a house will never go out of fashion; it will always be there,’ said Vikas Oberoi, Chairman and Managing...

Gurugram: The developer of the Chintels Paradiso condominium in Gurugram Sector 109 has begun demolishing the first of six residential towers that were declared unsafe by the district administration, officials said on Wednesday. Currently, workers are razing the structure manually, with mechanical demolition likely to start in a couple of days, the officials said, adding that the entire process is...

The housing and urban planning department of Uttar Pradesh has standardised and framed rules for assessment, levy, and collection of impact fee, development permit fee, building permit fee, and inspection fee that are collected at the time of building map approval. The state government has framed rules for assessment, levy, and collection of impact fee, development permit fee, building permit...

Karnataka Real Estate Regulatory Authority (KRERA) has ordered Bengaluru-based listed real estate developer Shriram Properties to pay ₹12.7 lakh in delayed compensation after the developer failed to inform the authority and the buyers about the project litigation at the time of project registration. Karnataka Real Estate Regulatory Authority (KRERA) has ordered Bengaluru-based listed real...

A few high-net-worth individuals (HNI), including several Bollywood celebrities, have sold their properties in the Mumbai real estate market this month. Tax experts opine that while possible motives for HNIs selling properties differ from investor to investor, the key reasons could be healthy returns over a period of time or booking profits from real estate to set off capital gains against the loss in...

Real estate firm Mindspace Business Parks REIT has acquired Sustain Properties, which owns 1.82 million sq ft of commercial space in Hyderabad, at an enterprise value of ₹2,038 crore, the company said in a regulatory filing on Jan 29. Hyderabad real estate: Real estate firm Mindspace Business Parks REIT has acquired Sustain Properties, which owns 1.82 million sq ft of commercial space in...

The real estate sector is seeking an enhancement of the monetary limit of affordable housing from the current ₹45 lakh to at least ₹75 lakh to a crore, a reinstatement of the tax deduction for affordable housing projects and rationalising input credits to developers under GST that would help reduce project costs and potentially lower property prices for buyers, Grant Thornton Bharat has said in...

Jan 29, 2025 02:03 PM IST Rohit Sharna's apartment, measuring 1,298 sq ft, is located on the 45th floor of Lodha Marquis, part of The Park project by Lodha Group Cricketer Rohit Sharma and his father Gurunath Sharma have rented their apartment in Mumbai’s Lower Parel area for a monthly rent of ₹2.60 lakh, according to property registration documents accessed by Zapkey.com...

As many as 22% of High-Net-Worth individuals (HNIs) and ultra-HNIs are interested in investing in international real estate, and Dubai has overtaken London as the top choice for international locations, a new survey by Luxury Residential Outlook Survey 2025 conducted by India Sotheby’s International Realty (ISIR) has shown. Dubai has overtaken London as the top choice for international...

As real estate developers shift focus on luxury housing, the supply of homes in the affordable and mid-income category priced ₹1 crore and below has dipped by 30% in the last year across nine cities to 1,98,926 units in 2024 from 2,83,323 units in the preceding year. The supply was 3,10,216 units in 2022, a report by PropEquity has said. Supply of homes in the affordable and mid-income...