Construction

Ashwin G has been searching for flat mates in Bengaluru's prime areas like HSR Layout and Koramangala for over a month due to steep rentals— ₹40,000 for a 1BHK and ₹75,000-90,000 for a 2/3 BHK—and an equally exorbitant deposit amount of up to ₹4.8 lakh. With rentals increasing by 20-30% in the IT Capital over the past two years, the high deposit demands leave potential tenants struggling to...

Driven by technology and research firms, office space absorption in Kochi, Kerala, reached 17 million sq ft by December 2024, marking a 28% increase over the past three years, according to a joint report by CBRE and CREDAI Kerala. Meanwhile, Kochi's total retail space stock has grown 9% since 2020, totalling 3.4 million sq ft as of December 2024. Driven by technology and research firms, office...

Hyderabad has recorded 75,512 housing sale transactions, including apartments, plots and villas, compared to 74,495 transactions recorded in 2023, according to data shared by Square Yards. Hyderabad has recorded 75,512 housing sale transactions, including apartments, plots and villas, compared to 74,495 transactions recorded in 2023, according to data shared by Square Yards. (Representational...

Feb 07, 2025 04:14 PM IST Raymond Limited’s subsidiary, Ten X Realty West Limited, has signed a Joint Development Agreement for the new housing project in Mahim West, Mumbai. Real estate firm Raymond Ltd has partnered with a landowner to develop a housing project in Mumbai with an estimated revenue potential of ₹1,800 crore. Real estate firm Raymond Ltd has partnered with a...

Following Budget 2025, where the finance minister announced zero income tax for salaries up to ₹12 lakh, the RBI cut the repo rate by 25 bps to 6.25% on February 7, bringing much-needed relief for home loan borrowers. The RBI rate cut will help improve loan affordability and boost housing demand It is to be noted that the RBI increased the repo state by 250 basis points from May 2022 to...

After a tax cut in Budget 2025, the country’s middle class gets a gift of an interest cut. The Reserve Bank of India, under the new governor, Sanjay Malhotra, on February 7 announced a repo rate cut of 25 basis points to 6.25% for the first time in nearly five years. The reduction in repo rates is expected to provide relief to existing homebuyers as it helps lower their equated monthly instalments...

Union minister of state Tokhan Sahu on Thursday confirmed a cost escalation in the construction of the vice president’s enclave and the new Parliament building — part of the Central Vista project in the heart of Delhi — and listed out four reasons for the same. A view of Central Vista Lawns engulfed in a layer of smog in New Delhi. (Hindustan Times) Sahu, the minister of state for the...

Uday Kotak and his family members have purchased 12 sea-facing apartments for ₹202 crore in a residential complex named Sagar Building on Worli Sea Face, according to property registration documents accessed by Zapkey.com. Uday Kotak and his family members have purchased 12 sea-facing apartments for ₹202 crore in Sagar Building at Worli Sea Face for around ₹2.71 lakh per sq ft.(PTI)...

Akshay Kumar and Twinkle Khanna have sold their luxury apartment in Mumbai’s Oberoi 360 West project for ₹80 crore, documents accessed by IndexTap showed. Akshay Kumar and Twinkle Khanna have sold their luxury apartment in Mumbai’s Oberoi 360 West project for ₹80 crore. The 6830 sq ft apartment (RERA carpet) is on the 39th floor of the Oberoi 360 West project, a luxury residential...

In a major relief to homebuyers, the Supreme Court has said that real estate developers cannot deduct more than 10 per cent of the basic sale price of an apartment if a buyer decides to cancel the booking, relying on terms of a one-sided agreement. In a major relief to homebuyers, the Supreme Court has said that real estate developers cannot deduct more than 10 per cent of the basic sale price...