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In Bengaluru, landlords call the shots as techies fight for flats

In Bengaluru, landlords call the shots as techies fight for flats

Rents in India’s technology hub of Bangalore have nearly doubled since the start of last year, making it the country’s hottest residential market. Anarock’s data shows rents in various Bengaluru neighborhoods have jumped by double digits since 2019. (Representative) Landlords in the city, often referred to as India’s Silicon Valley, now charge the highest proportion of their...

China’s new home sales sees sharp rise in March: Survey

China’s new home sales sees sharp rise in March: Survey

Reuters | | Posted by Lingamgunta Nirmitha Rao China's new home sales rose sharply in March, as a slew of support policies boosted a pickup in demand across the board in 14 surveyed cities, a private survey showed on Monday. Tier-one cities — including the nation's capital Beijing and the commercial hub of Shanghai — rose the fastest. (AP) (Representational Image) Also Read | GMDA...

Gurugram sold 10% more houses in Jan-March, Noida slacks behind by 23%: Report

Gurugram sold 10% more houses in Jan-March, Noida slacks behind by 23%: Report

Delhi-NCR's prime residential market Gurugram saw a 10 per cent rise in housing sales during January-March, but demand fell in Noida and Greater Noida by 23 per cent, according to Anarock. Strong demand for luxury homes led to the rise in house sales in Gurugram.(HT File) Market experts attributed the rise in sales in Gurugram to strong demand for luxury homes. Also read: Housing sales up 14%...

NCLT orders initiating insolvency proceedings against Mantri Developers

NCLT orders initiating insolvency proceedings against Mantri Developers

NCLT has directed initiating insolvency proceedings against Bengaluru-based real estate firm Mantri Developers admitting the plea filed by Indiabulls Housing Finance Ltd. The aggregate amount claimed to be in default is ₹456.68 crore in five loans.(Reuters File) A two-member bench has also suspended the board of Mantri Developers and appointed Ahsan Ahmad as the interim resolution...

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