Construction

Share of luxury homes’ sales now almost at par with affordable housing units

Share of luxury homes’ sales now almost at par with affordable housing units

The share of luxury housing sales has jumped to 21% from a mere 7% five years ago but affordable housing has seen a sharp decline, dropping to 20% from 37% in the same period, data shared by Anarock has shown. The share of luxury housing sales has jumped to 21% from a mere 7% five years ago but affordable housing has seen a sharp decline(Unsplash) Of the approximately 1.30 lakh housing units...

Avenue Supermarts Ltd buys 52,000 sq ft land parcel in Mumbai for ₹117 crore

Avenue Supermarts Ltd buys 52,000 sq ft land parcel in Mumbai for ₹117 crore

Avenue Supermarts Ltd, the parent company of D’Mart supermarket chain, has purchased a 52,000 sq ft land parcel in Chandivali, Andheri East in Mumbai for ₹117 crore, documents accessed by CREMatrix showed. Avenue Supermarts Ltd, the parent company of D’Mart supermarket chain, has purchased a 52,000 sq ft. land parcel in Chandivali, Andheri East in Mumbai for ₹117 crore (Photo...

Kanodia Group acquires land in Gurugram for ₹153 crore; plans to develop a luxury housing project

Kanodia Group acquires land in Gurugram for ₹153 crore; plans to develop a luxury housing project

Kanodia Group, which is into the cement business, has acquired a 1.74 acre land parcel in Gurugram for ₹153 crore and plans to develop a luxury real estate project on it, the company said in a statement.The company has recently announced its plan to enter into the real estate sector and invest ₹5,000 crore over the next 5-7 years. Kanodia Group, which is into the cement business, has...

Brigade Enterprises records sale bookings of ₹6,013 crore in FY24

Brigade Enterprises records sale bookings of ₹6,013 crore in FY24

Bengaluru-based Brigade Enterprises Limited reported an almost 46% increase in its annual sale bookings to record sale bookings of ₹6,013 crore in FY24 on the back of increase in housing demand. Bengaluru-based Brigade Enterprises Limited reported an almost 46% increase in its annual sale bookings to record sale bookings of ₹6,013 crore in FY24 Its sale bookings stood at ₹4,109 crore in...

Haryana RERA imposes penalty of ₹6 lakh on Vatika Ltd; Directs builder to execute BBA within a month

Haryana RERA imposes penalty of ₹6 lakh on Vatika Ltd; Directs builder to execute BBA within a month

The Haryana Real Estate Regulatory Authority (RERA) has penalized the real estate firm, Vatika Limited, with more than ₹6 lakh for violating the builder-buyer agreement provisions and directed the promoter to execute the BBA within a month. The Haryana Real Estate Regulatory Authority (RERA) has penalized the real estate company Vatika Limited with more than ₹6 lakh for violating the...

Dubai mansion sales soar as wealthy flock to palm-shaped island

Dubai mansion sales soar as wealthy flock to palm-shaped island

(Bloomberg) -- Sales of homes with a price tag of $10 million or more climbed 19% in Dubai during the first quarter as the world’s ultra-wealthy continue to flock to the Middle East’s business and tourism hub despite mounting geopolitical tension across the region.  Sales of homes with a price tag of $10 million or more climbed 19% in Dubai during the first quarter (Getty/ Representational...

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