January 2025

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has directed a real estate developer in Thane, near Mumbai, to refund the amount paid as deposit by the homebuyer after deducting 1% of the total flat value. MahaRERA has directed a real estate developer in Thane near Mumbai to refund the booking amount to the homebuyer after deducting 1% of the total flat value. The buyer had...

The Noida authority on Tuesday said 12 of 57 housing projects technically qualified for waivers on interest charged on land cost dues for the period when construction was disrupted owing to a ban by the National Green Tribunal. The state government policy for stalled legacy housing projects offers an opportunity to claim waivers for the Covid-19 period and then pay 25% of total dues upfront...

Office space transactions touched 71.9 million sq ft in 2024, up by 20.1% annually, with Bengaluru and NCR driving the demand, according to a report by Knight Frank India on January 7. Office space transactions touched 71.9 million sq ft in 2024, up by 20.1% annually, with Bengaluru and NCR driving the demand, according to a report by Knight Frank. (Representational photo)(Pixabay) Bengaluru...

Bollywood actor Varun Dhawan and his wife Natasha Dhawan have purchased a ₹44.52 crore luxury apartment in Mumbai's Juhu area, according to property registration documents accessed by IndexTap Varun Dhawan and wife Natasha Dhawan buys ₹44 crore apartment in Mumbai. (HT Files) The documents show that the apartment is located on the 7th floor of D'Decor Twenty, an under-construction...

Housing sales rose 7% annually in 2024 across eight major cities to reach a 12-year high on better demand for premium homes amid stable mortgage rates and strong economic growth, according to a report by Knight Frank on January 7. The Knight Frank report said that the total number of sales increased from 329,097 units in 2023 to touch 350,613 units in 2024 across the top eight cities....

ASK Property Fund, the real estate private equity arm of Blackstone-backed ASK Asset & Wealth Management Group and India Sotheby’s International Realty (“ISIR”) on January 7 a strategic collaboration to launch India’s first luxury real estate investment platform named ASK Curated Luxury Assets Fund (“the Fund”). ASK Property Fund, the real estate private equity arm of...

Bengaluru has led growth in India's key office markets, with gross leasing in the IT hub hitting a record of nearly 21.8 million sq ft in the calendar year (CY) 2024, according to a CBRE report on January 6. Bengaluru has led growth in India's key office markets, with gross leasing in the IT hub hitting a record of nearly 21.8 million sq ft in the calendar year (CY) 2024, according to a CBRE...

Amit Banerji, co-founder of managed workspace operator ‘Table Space’, died of a heart attack on Monday morning at the age of 44, a company statement said. Amit Banerji was the co-founder and CEO of Table Space(tablespace.com) Amit Banerji, who was also the chief executive officer of Table Space, had launched the company in 2017 along with Karan Chopra, a VCCircle report which cited the...

Jan 07, 2025 05:56 AM IST DTCP has so far issued over 1,100 show-cause notices to property owners in DLF Phase 3, and notices are being pasted on houses in the area The enforcement wing of the Department of Town and Country Planning (DTCP) has identified approximately 7,500 houses in DLF phases 1 to 5 with building code violations, including illegal construction, unauthorised commercial...

NAVI MUMBAI: With the Navi Mumbai International Airport (NMIA) inching ahead towards full scale operation by the middle of next year, the already much-delayed Navi Mumbai Airport Influence Notified Area (NAINA) project, that envisages development around the airport, has once again become the focus of City and Industrial Development Corporation of Maharashtra (CIDCO), investors and other stakeholders....