2025

Jan 10, 2025 09:08 AM IST Chinese property developers are starting 2025 facing liquidation petitions and mountains of debt as the nation’s real estate crisis enters its fifth year  (Bloomberg) -- Chinese property developers are starting 2025 facing liquidation petitions and mountains of debt as the nation’s real estate crisis enters its fifth year with little sign of improvement....

Bengaluru may have witnessed an increase in housing prices by around 5% to 10%, especially in areas close to the city centre and the IT corridors. That said, some areas on the outskirts of Sarjapur, Whitefield in the east, and southern parts such as Kanakapura Road still offer affordable options to buyers with a budget of less than a crore. In Bengaluru, several small development pockets in the...

MUMBAI: Traffic snarls which contribute to air pollution, and often lead to instances of road rage, across the Mumbai Metropolitan Region as well as tier-2 cities like Nagpur and Pune, have prompted the state government to contemplate a plan where four-wheeler owners must prove owning designated parking spots or areas, both public and private, at the time of registering new vehicles. Termed...

New Delhi, Jan 9 (PTI) Saying bookings will be cancelled and flats will be sold to other buyers, the Supreme Court on January 9 took a dim view on home buyers not turning up to take possession of flats in the Amrapali projects, being completed by the state-owned NBCC. The Supreme Court on January 9 took a dim view on home buyers not turning up to take possession of flats in the Amrapali...

Jan 09, 2025 06:19 PM IST Southern California wildfires ravage Malibu, reducing once sought-after waterfront to ashes. The Malibu waterfront, renowned for its breathtaking views and home to some of the most expensive real estate in the United States, has been ravaged by the wildfires sweeping through Southern California. Once a symbol of luxury and tranquillity, much of this iconic...

Jan 09, 2025 06:35 PM IST The commission noted that in addition to the Stage III restricitions, those of Stage I and II will also be in place in Delhi and the national capital region. The Commission of Air Quality Management (CAQM) on Thursday invoked the Stage III restrictions under the anti-pollution Graded Response Action Plan (GRAP) in Delhi-NCR amid increased air pollution and...

Bengaluru-based developer Puravankara Limited has acquired a 3.63-acre land parcel in Kanakapura Road, Bengaluru, with a gross development value of over ₹700 crore, the company said on January 9. Bengaluru-based developer Puravankara Limited has acquired a 3.63-acre land parcel in Kanakapura Road, Bengaluru. (Picture for representational purposes only)(Pexels) The acquired land parcel is...

Embassy Office Parks REIT, India’s first listed REIT, said on January 9 that it had leased 2.07 lakh sq ft office space to global cybersecurity company Rubrik at Embassy TechVillage in Bengaluru. Embassy Office Parks REIT has leased 2.07 lakh sq ft office space to global cybersecurity company Rubrik at Embassy TechVillage in Bengaluru. Colliers, a global professional services company...

As many as 59 ultra-luxury housing units priced over ₹40 crore were sold across the top seven cities in 2024 for a collective sales value of approximately ₹4754 crore. There was a 17% increase in the total sales value of ultra-luxury homes sold in 2023 that saw sales of 58 ultra-luxury homes worth ₹4063 crore, data shared by Anarock showed. As many as 59 ultra-luxury housing units priced...

Jan 09, 2025 10:09 AM IST A fast-moving fire broke out in the Hollywood Hills on Wednesday night, threatening one of Los Angeles' most iconic spots, near the Hollywood Bowl. Homes of Hollywood celebrities came under jeopardy on Wednesday night after a raging wildfire broke out at the Hollywood Hills, a mile away from the Hollywood Walk of Fame. While some celebrities lost their homes to...