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Budget 2023
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  • CPP investments leads IndoSpace fund with investment of $205 million Jan 30, 2023 12:46 PM IST

    CPP investments leads IndoSpace fund with investment of $205 million

    This particular investment marks the first close of the brand’s fourth development vehicle, IndoSpace Logistics Parks IV (ILP IV), aiming to target a total of equity commitments worth $600 million.

  • Arvind SmartSpaces plans to invest Rs 1,000 crore over 2-3 quarters Jan 30, 2023 12:32 PM IST

    Arvind SmartSpaces plans to invest Rs 1,000 crore over 2-3 quarters

    The real-estate firm to deploy the money in Ahmedabad, Bengaluru, the Mumbai Metropolitan Region and Pune. The company's will continue to focus on residential real estate in these four cities in the next two years

  • Budget 2023-24 I Higher tax deductions, relief on capital gains top homebuyers’ wish list Jan 30, 2023 11:42 AM IST

    Budget 2023-24 I Higher tax deductions, relief on capital gains top homebuyers’ wish list

    Budget 2023: The finance minister should double the tax deduction allowed on home loan interest to Rs 4 lakh and bring taxability of gain on the sale of property at par with that of listed shares

  • Union Budget 2023: Extend credit-linked subsidy scheme until 2027 to boost affordable housing, says founder-chairman of Signature Global Group Jan 30, 2023 10:37 AM IST

    Union Budget 2023: Extend credit-linked subsidy scheme until 2027 to boost affordable housing, says founder-chairman of Signature Global Group

    CLSS covers middle income group beneficiaries seeking housing loans for acquisition/ construction of houses (including re-purchase) from banks, housing finance companies and other notified institutions. 

  • Macrotech Developers aims to cut debt by nearly 40% in 2023 to around Rs 5,000 crore, says MD Abhishek Lodha Jan 29, 2023 11:03 AM IST

    Macrotech Developers aims to cut debt by nearly 40% in 2023 to around Rs 5,000 crore, says MD Abhishek Lodha

    Mumbai-based Macrotech Developers, which is one of the leading real estate firms in the country, markets its properties under the Lodha brand.

  • Renting In The Neighbourhood Of Rohit Sharma And Deepika Padukone | The Tenant Jan 29, 2023 09:06 AM IST

    Renting In The Neighbourhood Of Rohit Sharma And Deepika Padukone | The Tenant

    A Delhi resident moves to Mumbai and becomes a Tenant in one of the most glamorous locations of the city. Our Tenant says the exquisite Bandra Worli Sea Link on one side and the likes of Rohit Sharma and Deepika Padukone as neighbors on the other side - make a location glamorous. Also, what separates a city like Mumbai from a city like Delhi? All this and more in this episode of The Tenant. Watch!

  • Bengaluru’s billionaire towers: Apartment prices in UB City start at Rs 30 crore, rentals at Rs 10 lakh a month Jan 28, 2023 10:22 AM IST

    Bengaluru’s billionaire towers: Apartment prices in UB City start at Rs 30 crore, rentals at Rs 10 lakh a month

    More than a real estate asset, apartments in UB City command a premium as its residents are from the elite; the maintenance amount paid by each resident is around Rs 5 lakh a quarter

  • Want to buy a house but worried about your job? Here's what you can do Jan 28, 2023 10:20 AM IST

    Want to buy a house but worried about your job? Here's what you can do

    It’s the job market that predominantly drives the housing market. Since an economic slowdown in some major developed countries could hurt the job market in India, buying real estate could become an uphill task in 2023

  • Signature View Apartments: Residents demand compensation, implementation of LG’s directives in letter and spirit Jan 28, 2023 10:01 AM IST

    Signature View Apartments: Residents demand compensation, implementation of LG’s directives in letter and spirit

    Falling concrete, cracks in buildings pose threat to lives of residents in the high-rise towers. DDA to meet the residents on January 30 to thrash out the future course of action.

  • Budget 2023: Build new cities, it is what our future demands of the present Jan 28, 2023 09:22 AM IST

    Budget 2023: Build new cities, it is what our future demands of the present

    By 2051, India may have an additional 335 million urban population. Several new cities will be needed to settle them

  • Londoners settle their housing deals on WhatsApp as private sales market booms Jan 27, 2023 11:06 PM IST

    Londoners settle their housing deals on WhatsApp as private sales market booms

    Almost a third of homes sold for £1 million or more were traded off-market in the final three months of last year, the highest quarterly share since 2017.

  • UPRERA disposes of over 88% consumer complaints, most of them against promoters Jan 27, 2023 06:40 PM IST

    UPRERA disposes of over 88% consumer complaints, most of them against promoters

    The Authority said that disposal of complaints was highest in 2022 and maximum complaints belonged to Gautam Buddh Nagar, Lucknow, and Ghaziabad districts of the state.​

  • RERA starts unravelling as key fixes in law are neglected Jan 27, 2023 04:29 PM IST

    RERA starts unravelling as key fixes in law are neglected

    On February 7, a two-judge panel will rule on whether the Odisha RERA was at fault for not ruling on issues it did not have the power to execute. Many RERA conclaves have raised this issue, which, if not addressed, can dilute a law that had the potential to transform the real estate industry

  • Bank of Baroda takes part-possession of Nirmal Lifestyle's mall in Mumbai Jan 27, 2023 03:46 PM IST

    Bank of Baroda takes part-possession of Nirmal Lifestyle's mall in Mumbai

    The bank’s move follows the failure to repay a loan of Rs 161 crore. BoB took possession of 3.4 lakh sq ft area, under the Sarfaesi Act, on January 24, 2023. A demand notice was first issued on December 6, 2019

  • Homeless and deprived, say Kalpataru Radiance homebuyers in rap-anthem protest Jan 27, 2023 01:10 PM IST

    Homeless and deprived, say Kalpataru Radiance homebuyers in rap-anthem protest

    Around 500 homebuyers of apartments in Kalpataru Radiance, part of the Patra Chawl redevelopment project in Mumbai’s Goregaon area, released a protest song on YouTube, asking the developer to hand over their homes, which have been delayed for over six years now.

  • DLF posts almost 37% increase in Q3 consolidated net profit Jan 25, 2023 06:48 PM IST

    DLF posts almost 37% increase in Q3 consolidated net profit

    DLF's residential business delivered a strong performance to clock quarterly new sales bookings of Rs 2,507 crore, reflecting a YoY growth of 24 percent. Cumulative new sales for 9MFY23 stands at Rs 6,599 crore, reflecting a YoY growth of 45 percent.

  • Default on part of homebuyers no ground to deny refund in a delayed project: SC Jan 25, 2023 11:04 AM IST

    Default on part of homebuyers no ground to deny refund in a delayed project: SC

    The ruling in a Faridabad case gives relief to buyers of stalled projects who stop payments when they do not see any progress in the construction of the project or the possibility of timely delivery.

  • TVS Motor spends Rs 65 crore on property in Bengaluru’s ‘Billionaire Street’ Jan 24, 2023 07:23 PM IST

    TVS Motor spends Rs 65 crore on property in Bengaluru’s ‘Billionaire Street’

    The property is located in 3rd Block, Koramangala, Bengaluru. The land area is 9,488 sq ft, and super built-up area is 3,923.60 sq ft. The seller is Ravi Khemka.

  • J Kumar Infraprojects MD buys two bungalows in Mumbai for Rs 50 crore Jan 24, 2023 06:23 PM IST

    J Kumar Infraprojects MD buys two bungalows in Mumbai for Rs 50 crore

    The two bungalows measure 2,247 sq ft and 3,403 sq ft respectively.

  • Haryana realty regulator restrains Bank of Baroda from conducting e-auction in CHD E-Way Tower commercial project Jan 24, 2023 04:35 PM IST

    Haryana realty regulator restrains Bank of Baroda from conducting e-auction in CHD E-Way Tower commercial project

    The Authority observes that the bank’s e-auction attempt is “devoid of” considering and settling the claims of individual allottees who are stakeholders in the project in question.

  • Real estate sentiment score dips in Q4 on bleak global economic scenario Jan 24, 2023 01:54 PM IST

    Real estate sentiment score dips in Q4 on bleak global economic scenario

    Future Sentiment Score notches up in optimistic zone: Knight Frank-NAREDCO Real Estate Sentiment Index Q4 2022

  • Bengaluru homebuyers living on the edge after local municipal body scraps 2000 OCs Jan 24, 2023 01:53 PM IST

    Bengaluru homebuyers living on the edge after local municipal body scraps 2000 OCs

    Lawyers point out that homebuyers need to crosscheck every sanction plan and contractual commitment before entering an agreement.

  • Noida tea seller makes highest bid of Rs 3.25 lakh a month rent for kiosk in upscale Sector-18 market Jan 24, 2023 11:23 AM IST

    Noida tea seller makes highest bid of Rs 3.25 lakh a month rent for kiosk in upscale Sector-18 market

    Sonu Kumar Jha, a tea and gutka seller, has agreed to pay a 1,203 percent higher amount than the base rent of the kiosk. He will have to deposit 14 months’ rent in advance, which roughly amounts to Rs 45 lakh, to the Noida Authority.

  • Mumbai builders seek series of waivers to redevelop projects Jan 24, 2023 09:34 AM IST

    Mumbai builders seek series of waivers to redevelop projects

    Developers owe more than Rs 800 crore towards development charges to planning authorities in Mumbai; they have also sought waiver of penalty and interest on such charges.

  • Amazon Development Centre (India) leases 1.94 lakh sq ft for 5 years in Pune IT park Jan 23, 2023 06:43 PM IST

    Amazon Development Centre (India) leases 1.94 lakh sq ft for 5 years in Pune IT park

    For the initial 36 months, the rent payable is Rs 75 per sq ft on the chargeable area. After this, the rent will escalate by 15 percent over the last payable rent.