Construction

Bengaluru accounts for the highest office space absorption by global capability centers (GCCs) in India at 4.3 million square feet, according to a Knight Frank India - 3AI report released on July 26. Additionally, the total office space take up by GCCs in the country is estimated to reach 26 million square feet by 2027, up from 19.69 million square feet in 2023, per the report. Bengaluru leads...

Flexible workspace solutions provider, WeWork India, has renewed a lease agreement for 1.40 lakh sq ft office space in Mumbai at a monthly rental fee of ₹2.25 crore, property registration documents accessed through real estate data analytics platform Propstack showed. WeWork India has leased 1.4 lakh sq ft office space in Mumbai for ₹2.25 crore rent per month(WeWork India) According to...

New Delhi, July 26 (PTI) Realty major DLF plans to launch nearly 37 million square feet area for sale in the medium term across various cities with revenue potential of ₹1.04 lakh crore as part of its strategy to encash strong demand for luxury homes. DLF plans to launch nearly 37 million square feet area for sale in the medium term across various cities with revenue potential of ₹1.04 lakh...

The Noida authority has started taking measures to offer interest waivers to realtors whose construction work was disrupted due to orders of the National Green Tribunal, officials of the authority said on Thursday. However, this waiver will be given only to those realtors who have paid their land cost dues under a state government policy meant for stalled legacy housing projects, announced last...

Bengaluru has emerged as the premier residential real estate market in India with 18,548 housing units sold and 16,537 homes launched during the April-June period of the ongoing calendar year, according to JLL Research. A dominant 63% of the launches fell in the upper-mid segment, consisting of apartments priced between ₹1 - 3 crore, the analysis showed. Bengaluru tops housing sales and...

Hyderabad's property registrations increased 11% year-on-year to 19,574 transactions, amounting to a total of ₹11,953 crore during the April-June period of 2024, according to a report released by proptech firm Square Yards on July 25. Homebuyers in Hyderabad are opting for bigger and costlier homes, report says (Representational photo)(Pixabay) The registered home sales value grew 27%...

Movie star Dhanush recently broke silence and hit back at critics for the flak he received over his recent purchase of a ₹150 crore bungalow in Chennai’s Poes Garden. The posh locality hosts residences of veteran actor Rajinikanth and late former Tamil Nadu Chief Minister J Jayalalithaa. Dhanush retorts to criticism for ₹150 crore home purchase in Chennai’s Poes Garden(Dhanush (X))...

Bollywood actor Sunny Leone said that she prefers to buy a house rather than rent one. Buying a property is an investment that helps secure one’s family’s future, she said at the launch of World Villa, a project by listed real estate developer Arihant Superstructures in Mumbai. Bollywood actor Sunny Leone said that she prefers to buy a house rather than rent one. Buying a property is an...

Jul 25, 2024 07:22 PM IST Budget 2024 has lowered the LTCG from 20 per cent to 12.5 per cent but removed the indexation benefits. New Delhi, Jul 24 (PTI) Revenue Secretary Sanjay Malhotra has said that the changes in Long-Term Capital Gain Tax (LTCG) announced in the Budget by Finance Minister Nirmala Sitharaman will benefit most of the people investing in the real estate sector. The...

Embassy Office Parks REIT on July 25 reported a modest 3% increase in its net operating income that grew to ₹757.5 crore in the June 2024 quarter and announced distribution of ₹530.8 crore to unitholders. Embassy REIT reported a 3% increase in its net operating income during April-June 2024 at ₹757.5 crore (Representational photo)(Bloomberg) The net operating income (NOI) stood at...