Construction

Bengaluru's rental housing market is infamous for many reasons, ranging from high rents and sharp rental hikes to enormous security deposits, shortage of options and eccentric demands made by landlords. 5 things tenants in Bengaluru want from their landlords (Representational photo)(Pexels) According to a report by property consultancy Anarock, Bengaluru recorded the highest rental yield...

Despite a significant jump in residential prices across the major cities, bigger homes continue to attract homebuyers. The average flat sizes in the top 7 cities grew by 32% in the last five years – from 1,145 sq. ft. in 2019 to 1,513 sq. ft. in H1 2024 with NCR witnessing the highest growth at 96% in average flat size in the last five years, a report by Anarock Research showed. NCR witnessed...

Godrej Properties Ltd on August 12 announced that it has acquired an around 90-acre land parcel in Khalapur - Raigad, Maharashtra which is estimated to have a development potential of approximately 1.7 million square feet of saleable area comprising primarily of residential plotted development. Godrej Properties Ltd on August 12 announced that it has acquired an around 90-acre land parcel in...

The Maharashtra Housing and Area Development Authority (MHADA) is set to tighten scrutiny on applicants of MHADA lottery 2024 who claim to be divorced. Maharashtra Housing and Area Development Authority (MHADA) is set to tighten scrutiny on applicants of MHADA lottery 2024 who claim to be divorced. (Picture for representational purposes only)(HT Files) According to MHADA officials, they are...

Hindenburg's new report has raised questions about the SEBI chairperson Madhabi Puri Buch promoting real estate investment trusts as a promising asset class without disclosing that her husband Dhaval Buch is now an adviser to Blackstone Inc, which has sponsored two of the four listed REITs in India. Hindenburg has raised questions about the SEBI chairperson Madhabi Puri Buchchair promoting real...

Saugata Gupta, Managing Director and CEO at Marico and wife Reema Sen have purchased an apartment for ₹36.4 crore in Mumbai's Worli, according to property registration documents accessed by Zapkey. Saugata Gupta, Managing Director and CEO at Marico and wife Reema Sen have purchased an apartment for ₹36.4 crore in Mumbai's Worli at Birla Niyaara project by Birla Estates. (Picture for...

The Union Cabinet has approved the Pradhan Mantri Awas Yojana-Urban (PMAY-U) 2.0 under which financial assistance will be provided to one crore urban poor and middle-class families through states and Union Territories to construct, purchase, or rent a house at an affordable cost in urban areas in five years. Union Cabinet approves PMAY-U 2.0 with ₹2.30 lakh crore housing assistance. (HT...

Fractional ownership platform Property Share has become the first fractional ownership platform (FOP) to receive the Small and Medium Real Estate Investment Trust (SM REIT) license from the Securities and Exchange Board of India (SEBI) under the newly notified SM REIT regulations under the name of Property Share Investment Trust (PSIT), the company said in a statement on August 9. Property...

Aug 09, 2024 07:37 PM IST Blackstone currently holds around 43% stake in Nexus Select Trust, which is India's first real estate investment trust (REIT) backed by retail properties New Delhi, Aug 9 (PTI) Global investment firm Blackstone on August 9 sold 33 crore units in its REIT firm 'Nexus Select Trust' for around ₹4,550 crore through a block deal on stock exchanges as part of a...

The Maharashtra Housing and Area Development Authority (MHADA) lottery has 2030 apartments up for grabs this year. It revealed lavish High Income Group flats ranging from ₹1 crore to ₹7.58 crore in areas such as Tardeo, Goregaon, Malad, Borivali, Mulund and Juhu. MHADA lottery 2024 has 2030 apartments up for grabs this year. High Income Group flats ranging from ₹1 crore to ₹7.58 crore...