Thinking of gifting a new flat to your wife this Valentine's Day? While some may view it as an extravagant gesture, it could be the perfect idea for husbands with deep pockets. However, before those wealthy husbands get too carried away, here are a few important tax and legal considerations to bear in mind. Valentine's Day 2025: If a husband gifts a property to his wife, the value of the...

Mumbai-based Della Group, which specializes in hospitality, luxury villas, and adventure parks, plans to launch an Initial Public Offering (IPO) by the end of 2025 or early 2026. The company intends to develop 1,000 luxury housing units across India over the next three years, with a projected revenue potential of ₹3,000 crore, according to Jimmy Mistry, founder and chairman of Della Group....

In an effort to tackle Bengaluru’s worsening traffic congestion, the Karnataka government plans to invest ₹1 lakh crore, Deputy Chief Minister D.K. Shivakumar announced at the Invest Karnataka Global Investors Meet. With the city’s vehicle numbers soaring, the government aims to implement large-scale infrastructure projects to improve mobility. Bengaluru already has the highest number of...

The Noida Metro Rail Corporation (NMRC) on Wednesday said it is all set to start the construction work on the 11.56km Metro link between Botanical Garden station and Sector 142 Metro station in the next three months as the central government final approval may come anytime now. A topography study is crucial to fix the alignment of the Metro link, while keeping in mind the hurdles and...

MUMBAI: Around 150,000 tenements will be rehabilitated under the Dharavi Redevelopment Project (DRP) once the huge slum is transformed into a modern urban hub, according to officials from the Adani Group-led Navbharat Mega Developers Private Limited (NMDPL). Mumbai, India - April 1, 2024: The second phase of a comprehensive door-to-door survey in Dharavi commenced on April 1. In a 40 to 45...

Blackstone-backed Nexus Select Trust, India’s first retail real estate investment trust (REIT), has acquired Vega City Mall in Bengaluru for ₹913 crore, the company informed in a regulatory filing on February 13. Blackstone-backed Nexus Select Trust, India’s first retail real estate investment trust (REIT), has acquired Vega City Mall in Bengaluru for ₹913 crore, the company informed in...

As part of the Maharashtra government’s 100-day action plan, the Maharashtra Housing and Area Development Authority (MHADA) announced on February 13 that it aims to complete the structural audit of 1,000 cessed buildings in Mumbai by March 2025. Maharashtra Housing and Area Development Authority (MHADA) announced on February 13 that it aims to complete the structural audit of 1,000 cessed...

Google India Private Limited and Google Cloud India Private Limited have renewed their office space leases in Mumbai’s Bandra-Kurla Complex (BKC), India's most expensive commercial district, for a rent of ₹304 crore over five years, according to property registration documents accessed by SquareYards. Google India Private Limited and Google Cloud India Private Limited have renewed their...

Real estate firms dominated the qualified institutional placements (QIP) market in 2024 by raising a record ₹22,320 crore, according to data shared by Anarock. Real estate firms dominated the qualified institutional placements (QIP) market in 2024 by raising a record ₹22,320 crore, according to data shared by Anarock. (Representational Photo)(Mehul R Thakkar/HT) The real estate sector...

Tribeca Developers announced on February 13 that it plans to launch a mixed-use real estate project in Pune. The project will feature luxury apartments and retail spaces spread across 8 lakh sq ft and have a revenue potential exceeding ₹1,000 crore. Tribeca Developers announced on February 13 that it plans to launch a mixed-use real estate project in Pune real estate market. (Picture for...