The net debt of the top eight real estate developers collectively reduced by almost half to approximately ₹20,808 crore by Q1 FY 2025, from over ₹44,817 crore in Q4 FY 2019, due to an increase in property sales, an analysis by Anarock showed. The net debt of the top eight real estate developers collectively reduced by almost half on the back of increased property sales. (Representational...

Bengaluru-headquartered real estate major Puravankara Limited is looking to strengthen its land bank to achieve a total of 45 million square feet over the next two years, Abhishek Kapoor, Group Chief Executive told HT.com Puravankara Limited is eyeing 45 mn sq ft land bank over two years across Bengaluru, Chennai, among other cities, Abhishek Kapoor, Group Chief Executive told HT “We will...

Maharashtra Housing and Area Development Authority (MHADA) is expected to put a total of 18,920 affordable homes on sale starting today in Pune and the Konkan Region that includes parts of Mumbai Metropolitan Region (MMR) such as Thane, Vasai, Virar, Mira Road followed by Raigad district among others. These houses are priced in the range of ₹12 crore to ₹1.11 crore. Maharashtra Housing and...

Bollywood star Amitabh Bachchan is celebrating his 82nd birthday today. Here’s a look at the Bollywood star’s real estate portfolio. Amitabh Bachchan topped the list of film stars who prefer investing in residential and commercial real estate with a ₹194 crore investment into properties Amitabh Bachchan topped the list of film stars who prefer investing in residential and commercial...

While both Bengaluru and Hyderabad feature amongst the top three real estate markets in south India, Bengaluru’s rental housing market has been in the spotlight for reasons ranging from shortage of options to high rental fees, enormous security deposits, bizarre conditions set by landlords, and so on. Hyderabad’s rental housing market is also fast catching up with that of the IT capital’s in...

Mumbai: A proposal to allot 140 acres of land at Madh to resettle Dharavi residents as part of the Dharavi redevelopment project was cleared by the state cabinet on Thursday. The land will be used to build affordable, rental housing for Dharavi residents ineligible for free housing under the redevelopment scheme. Hindustan Times had reported on the plan in its edition on October 6. The land...

The Reserve Bank of India’s decision to keep repo rates unchanged at 6.5% for the 10th consecutive time will help the housing market to maintain momentum during the festive season. With interest rates staying steady, equated monthly installments will remain manageable for current and future homeowners, potentially leading to increased home sales, particularly in the festive months. The...

Real estate developer Arvind SmartSpaces Limited, a part of Lalbhai group, on October 9 announced that it has signed a new housing project in Bengaluru, with a total estimated saleable area of approximately 4.2 lakh square feet and a topline potential of around ₹600 crore. Arvind SmartSpaces signs 2.9-acre housing project in Bengaluru with topline potential of ₹600 crore (Representational...

Premium flexible workspace provider WeWork India on October 9 said that it has added the 61st building to its portfolio - WeWork 37 Cunningham spanning over 61,120 square feet in Bengaluru. WeWork India launches 61,000-sq ft office space in Bengaluru(WeWork India) Spread across four floors, the latest facility harbours 891 desks, the company statement said. “Catering to a more executive...

Gurugram-based coworking space provider Innov8 on October 9 announced the addition of a managed office space vertical to its business, with a target of completing development to the tune of 4 million square feet by the year 2027. OYO’s Innov8 launches managed offices vertical with 4 mn sq ft target by 2027(Innov8) As per the company, which is owned by hospitality chain OYO, it has pumped...