February 2025

In a rare ruling in favour of homebuyers, the Maharashtra Real Estate Appellate Tribunal (MREAT) has directed Mumbai-based Ekta Parksville Homes Pvt Ltd, a part of Ekta World, to refund the amount homebuyers paid for their apartment. The refund will include interest from the date of payment, along with stamp duty, registration charges, pre-EMI, and home loan settlement charges paid to a leading...

(Bloomberg) -- Tens of thousands of Britons currently in the process of purchasing a home are on course to miss a key tax deadline, with some first-time buyers facing up to £11,250 ($14,226) in extra charges, according to a new report. Tens of thousands of Britons currently in the process of purchasing a home are on course to miss a key tax deadline, with some first-time buyers facing up to...

Pune's real estate market reported an 8% Year-on-Year (YoY) decline in property registrations, with 16,330 properties registered in January 2025, compared to 17,786 in the same period last year, according to data from the Maharashtra Inspector General of Registration (IGR). Pune's real estate market reported an 8% Year-on-Year (YoY) decline in property registrations, with 16,330 properties...

Housing prices rose by an average of 10% during the December quarter across eight major cities, driven by strong demand and higher input costs, according to a report by CREDAI, Colliers, and Liases Foras. Delhi-NCR recorded the highest annual appreciation of 31% during the October-December period of 2024. Housing prices rose by an average of 10% during the December quarter across eight major...

Nithin Kamath, CEO of Zerodha, has raised concerns over the severe air pollution in India’s most expensive cities, particularly Delhi, Mumbai, and Bengaluru. He highlighted that while property prices in these cities are among the highest in the country, their air quality index leaves much to be desired. Nithin Kamath, CEO of Zerodha, has raised concerns over the severe air pollution in...

Zara has closed its only independent store in the 118-year-old heritage Ismail building at Flora Fountain, South Mumbai. Luxury fashion brand Purple Style Labs has now leased 60,000 sq ft of retail space in the same iconic building for an annual rent of ₹36 crore, securing a five-year lease, as per property registration documents obtained by Propstack.com. Mumbai retail news: Zara has closed...

NOIDA: The Allahabad high court on Monday directed the Noida authority to execute the registry of apartments in the name of home-buyers in the ready housing projects within two weeks from the date of its order. It, however, also ordered the CBI and Enforcement Directorate (ED) probe against the concerned officials involved in Noida’s Sports City housing project. Separately, the high court...

Ikea has expanded its presence in North India with the launch of its first fully outsourced Central Distribution Centre (CDC) in Gurugram, Delhi-NCR. The 180,000 sq ft facility, located in Farrukh Nagar, has been developed in collaboration with global logistics provider Rhenus, the company announced on February 24. Ikea has expanded its presence in North India with the launch of its first fully...

Gramercy Info Park Pvt Ltd, an arm of Pune-based Panchshil Realty, has purchased two industrial land parcels in Navi Mumbai's Ghansoli area for ₹615 crore, according to property registration documents accessed by Propstack.com. Gramercy Info Park Pvt Ltd, an arm of Pune-based Panchshil Realty Group, has purchased two land parcels worth ₹615 crore in Navi Mumbai's Ghansoli area. (Picture for...

Dubai’s residential market recorded 33,110 transactions valued at over AED 65.23 billion in the October–December 2024 quarter. This marks a 55% year-on-year (Y-o-Y) increase compared to the 21,405 transactions recorded in the same period in 2023, a report by Square Yards said. Dubai’s residential market recorded 33,110 transactions valued at over AED 65.23 billion in the...