Telangana Irrigation and Civil Supplies Minister N Uttam Kumar Reddy has said that Hyderabad is on the verge of becoming a global investment hub largely due to the government’s focus on infrastructure development. Hyderabad is poised to become a major real estate investment hub, Telangana minister Uttam Kumar Reddy said at Statecon 2024(CREDAI Telangana) He was speaking as the chief guest...

Listed real estate developer Keystone Realtors, also known as Rustomjee Group, has launched a luxury residential project in Thane near Mumbai in partnership with Keppel. The project named Verdant Vistas is expected to have 440 units and is anticipated to generate a gross development value (GDV) of ₹1,750 crore, the company said in a statement. Listed real estate developer Keystone Realtors,...

MUMBAI: After a protracted slowdown, affordable housing in the city’s real estate sector is showing signs of recovery. A study released by Liases Foras, a real estate research and analytics firm, has shown that the less than ₹30 lakh housing segment experienced a growth of 41% in the March-June quarter. Bulk revival was observed in the peripheral areas of the Mumbai Metropolitan Region (MMR)...

Managed workspace platforms, Smartworks, has leased around 6.13 lakh sq ft of commercial space in a building in Pune for a starting rent of ₹4.44 crore per month for a license period of five years, documents accessed by CRE Matrix showed. Smartworks, has announced the expansion of its Pune portfolio and has added over 6 lakh sq. ft of prime office space The company had earlier announced...

Embassy Office Parks REIT on August 22 announced that it has signed an agreement to lease 8 lakh square feet of office space in Bengaluru to global banking major Commonwealth Bank of Australia. Embassy REIT leases 8 lakh square feet to Commonwealth Bank of Australia in Bengaluru(Embassy REIT) The said office space is being designed as a comprehensive built-to-suit solution in Embassy...

Bollywood actor Manoj Bajpayee and his wife Shabana Bajpayee have sold their property in Mumbai’s Mahalaxmi locality for ₹9 crore, documents accessed by Square Yards showed. Bollywood actor Manoj Bajpayee and his wife Shabana Bajpayee have sold their property in Mumbai’s Mahalaxmi locality for ₹9 crore, documents accessed by Square Yards showed. The property is located within...

Bengaluru-headquartered real estate developer Shriram Properties is looking to double its sales to ₹5,000 crore, triple income to ₹3,000 crore and quadruple profits to more than ₹250 crore in the next three years, or by FY27, the company's top official said on August 21. Shriram Properties eyes annual sales worth ₹5,000 crore, over ₹250 crore in profits in next three years(Shriram...

Buying a property is better than renting one, said Abhishek Lodha, Managing Director and Chief Executive Officer of Macrotech Developers which sells its projects under the Lodha brand. Buying a property is better than renting one, said Abhishek Lodha, Managing Director and Chief Executive Officer of Macrotech Developers which sells its projects under the Lodha brand.(Macrotech Developers) At...

Kolkata property registrations declined by 13% year-on-year in July 2024 after the government decided to withdraw the 2% stamp duty benefits and change the circle rates, according to data shared by Directorate of Registrations and Stamps Revenue, Government of West Bengal. Kolkata property registrations declined by 13% year-on-year in July 2024 after the government decided to withdraw the 2%...

In another social media discussion on Bengaluru’s rental housing market, a Reddit post revealed that tenants in the city are paying up to ₹38,000 for an unfurnished 1 BHK unit. Netizens discuss a case of ₹38,000 rent for unfurnished 1 BHK in Bengaluru, post goes viral on Reddit (Representational photo)(Unsplash) The discussion started with a certain user asking how are folks in the...