January 2025

In 2023-24, Bengaluru saw a major surge in residential rentals, increasing rents by more than 20%-30%. In a city starved of rental properties, tenants have been struggling to cope with the ever-changing demands of the landlords, some of whom have gone to the extent of checking out LinkedIn profiles of their prospective tenants. Bengaluru rental market: In 2023-24, Bengaluru saw a major surge in...

Under-construction properties have recorded about 55 percent price appreciation in the last one year, according to a January 3 report by Savills India. Under-construction properties have recorded about 55 percent price appreciation in the last one year, (Representational Image)(AFP) "Gurugram and Mumbai led the surge in under-construction property values, with increases of up to 55% and 10%,...

Bengaluru has led the office space absorption across the top seven cities with 14.74 million sq ft (msf) of leasing, up by 66% from 9.01 msf in 2023, according to a JLL report on January 3. Overall, India recorded 42.02 msf of absorption, up by 17.9% from 18.53 in the year-ago period. Bengaluru has led the office space absorption across the top seven cities with 14.74 million sq ft (msf) of...

The Chintels Paradiso condominium at Gurugram Sector 109 will be torn down and redeveloped in two phases, officials aware of the matter said on Thursday, adding that the work will likely begin within six months. Tower D was deemed unsafe in October 2024. (Parveen Kumar/HT Photo) The development comes after all nine towers in the complex — A, B, C, D, E, F, G, H, and J — were deemed...

India’s office sector achieved a historic gross leasing volume (GLV) of 89 million sq ft in 2024 across the top 8 cities. Net absorption reached an all-time high of 50 million sq ft, a report by Cushman & Wakefield, a real estate consultancy, said. India’s office sector achieved a historic gross leasing volume (GLV) of 89 million sq ft in 2024 across the top 8 cities. (Representational...

If you are planning to invest gains made in the stock market into real estate or intend to buy property for end-use in 2025, your expectations in terms of property appreciation should be realistic. According to real estate experts, the housing market is likely to record a moderate single-digit price increase in 2025 compared to the double-digit growth of 21% witnessed last year. The housing...

Gurugram-based flexible workspace provider Smartworks has leased 4.7 lakh sq ft of commercial space in DLF City in Gurugram for over ₹94 crore of annual rent, documents accessed by Propstack showed. Gurugram-based flexible workspace provider Smartworks has leased 4.7 lakh sq ft of commercial space in DLF City in Gurugram for over ₹94 crore of annual rent. (Representational Image)(File...

MUMBAI: While the fiscal deficit in the ongoing financial year 2024-25 is expected to widen, the revenue collection from stamp duty and registration has dipped compared to the cumulative collection in the past two years. The collection from stamp duty and registration until December 31 is ₹39,767 crore or 72.3% against the target of ₹55,000 crore set for the financial year, which is much below the...

Mumbai real estate market reported over 1.41 lakh property registrations in 2024 is expected to grow steadily in 2025, according to experts. However, according to the property registration data, western suburbs and central suburbs remain the most sought-after areas for buying an apartment in the Mumbai real estate market, data from Knight Frank India, a real estate consultancy, reveals. Mumbai...

Hemant Jain was only 34-years-old when he came across a shop in Mumbai's Napada area and saw in it an opportunity to defy the city’s notorious mafia network. He decided to bid for the 144 square foot shop which belonged to Dawood Ibrahim in the year 2001. However, it took him a 23 year long legal battle to finally get the property registered in his name, Times of India reported. Fugitive...