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RBI Monetary Policy 2024: Unchanged interest rates to encourage homebuyers to invest in real estate; boost housing sales

RBI Monetary Policy 2024: Unchanged interest rates to encourage homebuyers to invest in real estate; boost housing sales

As expected, the Reserve Bank of India on April 5 once again kept the repo rate unchanged at 6.5 per cent. The decision offers a sense of continuity and predictability to the real estate sector. Unchanged lending rates present EMI-dependent homebuyers and those waiting on the sidelines to fulfill their home-ownership aspirations, said real estate experts. RBI MPC: Reserve Bank of India's (RBI)...

Bengaluru-based Puravankara crosses ₹5,914 crore in sales in FY24

Bengaluru-based Puravankara crosses ₹5,914 crore in sales in FY24

Bengaluru-based Puravankara Limited has recorded sales of ₹5,914 crore in FY24, an increase of 90% compared to ₹3,107 crore in FY23. Customer collections increased by 60 per cent to ₹3,609 crore for the FY, compared to ₹2,258 crore in the previous fiscal, the company said in a regulatory filing on April 5. Bengaluru-based Puravankara Limited has recorded sales of ₹5,914 crore in FY24,...

NGT notice to Centre, UP over illegal construction in Noida, G Noida

NGT notice to Centre, UP over illegal construction in Noida, G Noida

The National Green Tribunal (NGT) has issued notices to the Centre, Uttar Pradesh government, and local government bodies over the alleged “large-scale unauthorised constructions” that have come up in the twin cities of Noida and Greater Noida, and sought responses in two months. The NGT was hearing a petition filed by Ghaziabad resident Rajendra Tyagi, who alleged that illegal...

Prestige Group acquires 21 acres of land in Whitefield, Bengaluru, for ₹450 crore

Prestige Group acquires 21 acres of land in Whitefield, Bengaluru, for ₹450 crore

Listed real estate firm, Prestige Group, has acquired 21 acres of land in Whitefield, Bengaluru, for ₹450 crore and plans to develop a residential project spanning 4 mn sq ft of developable area, comprising around 1800 apartments, the company said in a regulatory filing. Prestige Group has acquired 21 acres of land in Whitefield, Bengaluru, for ₹450 crore. (Picture for representational...

Bengaluru-based online gaming firm Gameskraft buys land parcel in Gurugram for ₹90 crore

Bengaluru-based online gaming firm Gameskraft buys land parcel in Gurugram for ₹90 crore

Bengaluru-based online gaming company Gameskraft Technologies Private Limited has bought a land parcel spread over an area of 8.61 acres in Gurugram, Haryana, for ₹90 crore, documents accessed by Propstack showed. Bengaluru-based online gaming company Gameskraft Technologies Private Limited has bought a land parcel spread over an area of 8.61 acres in Gurugram, Haryana, for ₹90 crore The...

Gucci owner splashes out €1.3 billion for building on Milan’s iconic shopping street

Gucci owner splashes out €1.3 billion for building on Milan’s iconic shopping street

(Bloomberg) -- Gucci owner Kering SA is spending €1.3 billion ($1.41 billion) for a property on Milan’s toniest shopping street.  Gucci owner Kering SA is spending €1.3 billion ($1.41 billion) for a property on Milan’s toniest shopping street. (Pexel) The French luxury group said Thursday that it’s buying Via Monte Napoleone 8 from a unit of Blackstone Property Partners Europe....