February 2025

Feb 07, 2025 04:14 PM IST Raymond Limited’s subsidiary, Ten X Realty West Limited, has signed a Joint Development Agreement for the new housing project in Mahim West, Mumbai. Real estate firm Raymond Ltd has partnered with a landowner to develop a housing project in Mumbai with an estimated revenue potential of ₹1,800 crore. Real estate firm Raymond Ltd has partnered with a...

Following Budget 2025, where the finance minister announced zero income tax for salaries up to ₹12 lakh, the RBI cut the repo rate by 25 bps to 6.25% on February 7, bringing much-needed relief for home loan borrowers. The RBI rate cut will help improve loan affordability and boost housing demand It is to be noted that the RBI increased the repo state by 250 basis points from May 2022 to...

After a tax cut in Budget 2025, the country’s middle class gets a gift of an interest cut. The Reserve Bank of India, under the new governor, Sanjay Malhotra, on February 7 announced a repo rate cut of 25 basis points to 6.25% for the first time in nearly five years. The reduction in repo rates is expected to provide relief to existing homebuyers as it helps lower their equated monthly instalments...

Union minister of state Tokhan Sahu on Thursday confirmed a cost escalation in the construction of the vice president’s enclave and the new Parliament building — part of the Central Vista project in the heart of Delhi — and listed out four reasons for the same. A view of Central Vista Lawns engulfed in a layer of smog in New Delhi. (Hindustan Times) Sahu, the minister of state for the...

Uday Kotak and his family members have purchased 12 sea-facing apartments for ₹202 crore in a residential complex named Sagar Building on Worli Sea Face, according to property registration documents accessed by Zapkey.com. Uday Kotak and his family members have purchased 12 sea-facing apartments for ₹202 crore in Sagar Building at Worli Sea Face for around ₹2.71 lakh per sq ft.(PTI)...

Akshay Kumar and Twinkle Khanna have sold their luxury apartment in Mumbai’s Oberoi 360 West project for ₹80 crore, documents accessed by IndexTap showed. Akshay Kumar and Twinkle Khanna have sold their luxury apartment in Mumbai’s Oberoi 360 West project for ₹80 crore. The 6830 sq ft apartment (RERA carpet) is on the 39th floor of the Oberoi 360 West project, a luxury residential...

In a major relief to homebuyers, the Supreme Court has said that real estate developers cannot deduct more than 10 per cent of the basic sale price of an apartment if a buyer decides to cancel the booking, relying on terms of a one-sided agreement. In a major relief to homebuyers, the Supreme Court has said that real estate developers cannot deduct more than 10 per cent of the basic sale price...

Bollywood composer and singer Anu Malik and his wife Anju Malik have sold two apartments for ₹14.49 crore in Mumbai's Santacruz West area, according to property registration documents accessed by SquareYards. Bollywood composer and singer Anu Malik and his wife Anju Malik have sold two apartments for around ₹15 crore in Mumbai's Santacruz West area. (HT Files ) Documents show that the...

Mumbai: The Reserve Bank of India (RBI) has offered ₹2,650 crore to the Mumbai Metro Rail Corporation Limited (MMRCL) for a 4.12-acre plot at Nariman Point on a long-term lease to expand its headquarters in south Mumbai. RBI offers ₹2,650 cr for new office plot at Nariman Point The plot has a development potential of 1.6 million sq ft, out of which 113,500 sq ft would have to be handed...

As rents in Bengaluru continue to soar, landlords are demanding security deposits of six to nine months' rent, often exceeding ₹3 lakh. However, many tenants face challenges when landlords refuse to refund the deposit or impose hefty deductions at the end of the lease. As rents in Bengaluru continue to soar, landlords are demanding security deposits of six to nine months' rent, often...