Construction

Around 500 homebuyers of 3C Lotus City project in Sector 22A, along the Yamuna Expressway, are set to get relief as the Yamuna Expressway Industrial Development Authority (Yeida) has resolved a legal case pending before the National Company Law Appellate Tribunal (NCLAT), paving the way for construction to begin at the site. Yeida realised that the resolution plan submitted by ACE was not in...

The balcony of an apartment in the heart of Sydney was listed for rent as a “room” at an astonishing 360 Australian dollars a week (over ₹81,000 a month), leaving the internet baffled. The balcony "room" listed for rent is located in central Sydney's Haymarket. (X) An advertisement posted on FaceBook Marketplace earlier this month listed a “room” for rent Haymarket in the central...

Samsung Research And Development Institute has renewed its lease for 4.02 lakh square feet space in Bengaluru’s Bagmane Goldstone tower, documents accessed by real estate data analytics platform Propstack showed. Samsung renews lease for 4 lakh sq ft space in Bengaluru at annual rental fee of over ₹50 crore (Representational photo)(AFP) According to the documents, the South Korean tech...

The Supreme Court on Monday highlighted the urgent need for uniformity in builder-buyer agreements across India, noting that property buyers are being defrauded by builders nationwide. The Supreme Court of India. (File) “There has to be some uniformity on what builders can impose on the buyers. Otherwise, buyers across the country are being defrauded by the builders,” remarked a bench...

A 40,000 sq ft penthouse has been sold in Pune for ₹37 crore making it the most expensive property deal in the city. The property is located in Lodha One, Bund Garden, a project by listed real estate developer Lodha that goes by the name Macrotech Developers, the company said in a statement. A 40,000 sq ft penthouse has been sold in Pune for ₹37 crore, making it the most expensive property...

The Maharashtra Real Estate Regulatory Authority (MahaRERA) on July 8 said that it has initiated action against developers of 628 real estate projects for not displaying the RERA registration number and QR code in their advertisements and imposed a penalty of ₹88.90 lakh on them. MahaRERA has initiated action against developers of 628 real estate projects for not displaying RERA registration...

The pre-wedding festivities of billionaire Mukesh Ambani's son Anant Ambani and his fiancee Radhika Merchant have left a significant mark on both occupancy and prices of hotels in Mumbai. The two main hotel properties in Bandra-Kurla Complex (BKC), a prominent upscale real estate hub in Mumbai where the wedding is due to be held, are all 'sold out', show travel and hotel websites. One of the hotels is...

Mahindra Lifespaces plans to rebrand itself to a premium housing company and expand further into Mumbai, Pune and Bengaluru real estate markets. Mahindra Lifespaces plans to rebrand itself to a premium housing company and expand further into Mumbai, Pune and Bengaluru, said Amit Kumar Sinha, Managing Director and CEO of Mahindra Lifespaces. “We now have premium projects and will rebrand...

In a hilarious development amidst Bengaluru's perennial water woes, a builder banked on “abundant water storage” as their main advertising point for their newest project in the city, striking a funny chord with some on the internet as the city is currently battling a severe water storage. The builder advertised their new project's astonishing water storage capacity rather than details such...

NCR recorded a 49% five-yearly jump in average housing prices between H1 2019 and H1 2024 – from ₹4,565 per sq ft to ₹6,800 per sq ft. In MMR, the average residential prices appreciated 48% in the period – from ₹10,610 per sq ft in H1 2019 to ₹15,650 per sq ft in H1 2024, research data by Anarock has shown. NCR recorded a 49% five-yearly jump in average housing prices between H1...