Construction

When Swagata Bhar began her house-hunting journey in Bengaluru, she was taken aback by the small sizes of most 1BHKs, often less than 350 sq feet. "Some barely had enough space for a sofa in the living room, leaving little room to move around. One even lacked a bathroom—the owner just pointed to one on the terrace," Bhar recalled Bengaluru Rentals: With limited space and rising demand,...

To enhance affordability for middle-class homebuyers, the Finance Minister announced on February 1 that no income tax would be payable on earnings up to ₹12 lakh— ₹12.75 lakh including standard deductions—under the new tax regime. If you earn around ₹12 lakh a year and are considering buying a house, here’s what you should consider before deciding whether to buy an apartment or continue to...

NBCC (India) Ltd, the government’s construction arm, has sold 1,233 housing units for ₹3217 crore through an e-auction in a new project in Greater Noida West. The fund will help the company complete stalled projects of the embattled Amrapali Group. NBCC (India) Ltd, the government’s construction arm, has sold 1,233 housing units for ₹3217 crore through an e-auction in a new project in...

Real estate developer Bakeri Group and investment management company Lumos Alternate have joined hands to launch a ₹500-crore real estate investment platform named Sakar Realty Fund - I. The SEBI-approved platform targets mid-market residential projects in major Indian cities such as Bengaluru, Mumbai, Ahmedabad, and Pune, with an investment horizon of 3-4 years per project. Real estate...

Mumbai-based real estate developer Keystone Realtors, also known as Rustomjee Group, on February 11 reported a net profit of ₹30 crore for the quarter ended December, compared to ₹29.9 crore in the same period last year. The company’s total income for Q3 fell to ₹485.8 crore, down from ₹533.3 crore a year ago. Mumbai-based real estate developer Keystone Realtors, also known as...

Driven by strong demand from global firms, Hyderabad's office space inventory is expected to exceed 200 million sq ft by 2030 driven by demand from technology firms and Global Capability Centres. A joint report by CBRE and the Hyderabad Software Enterprises Association (HYSEA) on February 11 stated that the city's office stock has more than tripled since 2014, reaching nearly 137 million sq ft as of...

In 2024, 50% of properties registered in the Mumbai real estate market were smaller than 650 sq ft, with nearly 60% comprising 1 BHK and 2 BHK apartments, highlighting affordability as the key factor influencing apartment sizes, according to registration data from the Maharashtra Real Estate Regulatory Authority (MahaRERA). Mumbai real estate update: In 2024, 50% of properties registered in the...

Driven by demand from Global Capability Centers (GCCs), engineering and manufacturing sectors, BFSI, and flexible office spaces, gross leasing across the top six cities is projected to reach 65-70 million sq ft in 2025. Bengaluru is expected to contribute around one-third of the total office space demand. The asset quality of commercial real estate is anticipated to improve, with developers focusing...

Gurugram: The Gurugram administration on Monday approved the Central Building Research Institute (CBRI) reports on the three remaining towers of Chintels Paradiso condominium, which deemed these unsafe for residents. A meeting of the district committee probing the Chintels Paradiso incident was held on Monday, in which it was decided that an order to vacate these towers will be issued in the next few...

MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA) cannot force parties in conflict to settle their disputes, the Maharashtra Real Estate Appellate Authority said in a recent ruling. Responding to an appeal filed by Shekhar Singh, who accused a prominent city builder of not giving possession of a flat within the due date, the appellate authority directed the developer to compensate...