Latest Real Estate News

The share of property registrations by homebuyers aged more than 61 years has increased by 204%, from 7,554 in 2020 to 15,276 in 2024, with senior citizens being more inclined to upgrade to bigger homes after the pandemic, a recent study on property registration trends in Mumbai (MMR) by Knight Frank India has shown.

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https://www.hindustantimes.com/real-estate/share-of-property-registrations-by-mumbais-senior-citizens-up-by-200-after-covid-19-report-101724998625149.html

Source:Hindustan Times

The share of property registrations by homebuyers aged more than 61 years has increased by 204%, from 7,554 in 2020 to 15,276 in 2024, with senior citizens being more inclined to upgrade to bigger homes after the pandemic, a recent study on property registration trends in Mumbai (MMR) by Knight Frank India has shown.

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Source:Hindustan Times

Before the assembly elections in Haryana, the Enforcement Directorate (ED) has taken major action. ED has attached assets worth Rs 834 crore in a money laundering case against M/s Emaar Dundia Limited (EMAAR) and MGF Development Limited and other accused. The property is located in Gurugram and Delhi. EMAAR and MGF, in collaboration with the existing authorities, had purchased land at cheap prices. Due to this, not only the people but also the government suffered loss.

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Source:Hindustan Times

Managed co-working firm Urban Vault has leased 1 lakh square feet of office space in Bengaluru from real estate company Brigade Group in order to expand its business and meet the rising demand for managed workspaces from domestic and global companies.

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Source:Hindustan Times

BENGALURU: Once the absolute sale deed has been duly executed and stamped, the agreement of sale should no longer be independently subjected to stamp duty as it has merged into the absolute sale deed, the high court observed in a recent judgment.

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Source:Hindustan Times

After the MHADA housing lottery 2024 for Mumbai, City Industrial Development Corporation (CIDCO) has launched a draw for 902 affordable homes in Mumbai’s satellite city Navi Mumbai. The CIDCO lottery 2024 is offering homes in the range of ₹26 lakh to over ₹2 crore in areas such as Kalamboli, Kharghar and Ghansoli among others.

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Source:Hindustan Times

Noida-headquartered proptech startup HouseEazy has raised $7 million in Series-A funding led by Chiratae Ventures, the company said in a statement on August 26.

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Source:Hindustan Times

Raising objections to Maharashtra real estate regulator MahaRERA’s decision to constitute and be part of a conciliation forum to settle disputes between homebuyers and builders, a pan-India homebuyers’ body, Forum for Peoples’ Collective Efforts, has said that the law does not empower the regulatory authority to set up such a forum and the move can lead to a possible ‘conflict of interest’.

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Source:Hindustan Times

Availability of essential services like healthcare and schooling, easy connectivity to workplace and supply of Cauvery water: These were the top three priorities for a techie-lawyer couple in Bengaluru who booked a 3 BHK property in North Bengaluru last month. They are expecting possession of their dream home in 2026.

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Source:Hindustan Times

Noida News : Supertech Group, once a big name in the real estate sector of North India, is now facing a serious financial crisis. Two big companies of the group (Supertech Realtors Private Limited and Supertech Township Projects Limited) have been declared bankrupt by the National Company Law Tribunal (NCLT). After the declaration of bankruptcy of these companies, their resources will be distributed among creditors, which has created another problem for thousands of investors of these companies.

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Two companies of Supertech builder declared bankrupt shock to home buyers of tallest residential building Supernova | सुपरटेक बिल्डर की दो कंपनियां दिवालिया घोषित : सबसे ऊंची रिहायशी इमारत सुपरनोवा में घर खरीदने वालों को झटका (tricitytoday.com)

Source:Tricity Today

Aug 24, 2024 06:14 AM IST

Mumbai-based Suraksha Group, which took over debt-ridden Jaypee Infratech Limited this June, has restarted construction work on at least 41 of 97 delayed housing towers in Jaypee Wish Town Project, which has remained stuck for over a decade, thereby affecting the interests of at least 20,000 homebuyers.

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Source:Hindustan Times

The Yamuna Expressway Industrial Development Authority (Yeida) on Thursday said it has signed a memorandum of understanding (MoU) with the Housing and Urban Development Corporation (Hudco) for the latter to work as a consultant and also help in arranging funds to spend on land acquisition.

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Source:Hindustan Times

Mumbai and New Delhi have recorded an annual increase in their real estate prices at 13% and 10.6% respectively, while Bengaluru has witnessed a modest 3.7% rise. Globally, Manila has topped the Knight Frank’s Prime Global Cities Index with an increase of 26%.

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Source:Hindustan Times

Telangana Irrigation and Civil Supplies Minister N Uttam Kumar Reddy has said that Hyderabad is on the verge of becoming a global investment hub largely due to the government’s focus on infrastructure development.

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https://www.hindustantimes.com/real-estate/hyderabad-poised-to-become-a-major-real-estate-investment-hub-telangana-minister-uttam-kumar-101724305990423.html

Source:Hindustan Times

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Chandigarh new hotspot as 10-kanal house listed at Rs 200 cr – The Tribune (tribuneindia.com)

Source:The Tribune

Jaiprakash Associates Limited’s (JAL) lenders Tuesday informed the National Company Law Appellate Tribunal (NCLAT) that the Supreme Court and Reserve Bank had directed the initiation of the insolvency resolution process against the company.

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Lenders bank on SC and RBI’s direction to justify JAL’s admission into insolvency, ET RealEstate (indiatimes.com)

Source:Et Reality

Bengaluru-based entrepreneur Suhasini Sampath recently sat down to discuss money matters with influencer Sharan Hegde. During her appearance on “The 1% Club Show” podcast, she opened up about the sale of her company, her real estate investments and more. Sampath is the founder of Yoga Bar, an energy bar brand she launched in 2014 along with her sister Anindita Sampath. Last year, she sold 39% of the stakes of her company to ITC. The FMCG major will acquire 100% of the startup over the next three years at a valuation of ₹500 crore.

Source:Hindustan Times

Once called a pensioner’s paradise, Bengaluru has today transformed into a city of high-rise corporate offices, apartment buildings and congested roads. However, even in the hustle and bustle of a busy metropolis, one can find spots of calm and peace. Case in point – an ex-pharmaceutical CEO’s green oasis in the heart of Bengaluru that has captivated the internet.

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https://www.hindustantimes.com/trending/this-ex-ceo-s-house-is-a-green-oasis-in-the-heart-of-bengaluru-viewers-call-it-breathtaking-101724131410477.html

Source:Hindustan Times

Reddit has become a virtual dumping ground for tenants’ tales of landlord woes. From unresponsive property managers to exorbitant rent hikes, the platform is flooded with horror stories. Yet, amidst the sea of complaints, a rare gem occasionally shines through. A recent post by a tenant praising his landlord’s exceptional behaviour took Reddit by surprise. The heartwarming account has garnered widespread attention and sparked discussions about the importance of good landlords.

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https://www.hindustantimes.com/trending/65yearold-bengaluru-landlord-s-sweet-gesture-for-tenant-makes-him-the-greenest-flag-ever-reddit-agrees-101724115334203.html

Source:Hindustan Times

The Union Cabinet’s approval for phase 3 of the Bengaluru Metro Rail Project is expected to boost property prices in select localities by over 30%, real estate consultants who spoke to HT.com said.

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https://www.hindustantimes.com/real-estate/green-light-for-phase-3-of-bengaluru-metro-rail-project-likely-to-boost-property-prices-by-over-30-say-experts-101723888286901.html

Source:Hindustan Times

Recently, a person from the United States posted on Reddit asking for advice about moving to Mumbai from the land of opportunity. In the post, he mentioned that he has received a job offer in India that would pay him ₹1 crore per annum. He wanted to know what he could expect in terms of lifestyle with this package in Mumbai.

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https://www.hindustantimes.com/trending/living-in-mumbai-with-rs-1-crore-salary-us-man-asks-reddit-for-advice-on-moving-to-india-101724045472164.html

Source:Hindustan Times

New Delhi. The rising cost of education has become a major concern in today’s time. Zoho CEO Sridhar Vembu says that the biggest reason behind the hefty school fees is expensive real estate, especially in rural areas and small towns. It impacts not just education, but also housing, retail trade and healthcare. The rising cost of education, health and housing is largely behind the investment of money earned from political corruption in real estate. Vembu believes the solution lies in low-cost education, which they are trying to make accessible through Zoho-run schools in rural areas.

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प्लेस्कूल की फीस साढ़े 4 लाख रुपये, अरबपति का दावा- रियल एस्टेट में भ्रष्टाचार का पैसा है जिम्मेदार – News18 हिंदी

Source:News 18

NEW DELHI: Realty firm Macrotech Developers Ltd’s net debt rose 43.5 per cent to Rs 4,320 crore during the first quarter of this fiscal year due to higher investment in land acquisition and construction. Mumbai-based Macrotech Developers, which sells its projects under the Lodha brand, is one of the leading developers in the country.

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Macrotech Developers’ net debt rises 43.5% to Rs 4,320 crore in Q1 FY25, ET RealEstate (indiatimes.com)

Source:ET Reality

The one-time rent for residential properties in Greater Noida is set to increase to 15 times the annual rent after September 15. Currently, the annual rent for residential properties and group housing is 1 per cent of the total premium and the one-time payment is 11 per cent of the total premium.

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Greater Noida Authority To Implement 15% Rent Hike Across All Properties From Sept 15 – News18

Source:News 18

NEW DELHI: DLF has filed an FIR against its former CFO and MD of rental arm, Ramesh Sanka, accusing him of blackmailing the company to agree to his terms on a deal to extort ₹311 crore, and threatening to misuse and leak confidential data allegedly stolen during his decade-long association with the country’s biggest property company.

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DLF files FIR against ex-CFO for Rs 311 crore blackmail, extortion, ET RealEstate (indiatimes.com)

Source:ET Reality

NEW DELHI: Uttar Pradesh real estate regulatory authority (UP-RERA) reviewed projects whose maps or land documents have not been uploaded on its portal despite repeated notices and was decided that these projects should be classified in the category of ‘projects in abeyance’.

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Uttar Pradesh RERA puts 400 projects in ‘abeyance’, Real Estate News, ET RealEstate (indiatimes.com)

Source:ET Reality

NEW DELHI: Valor Estate (VEL) has executed binding agreements with L&T Realty and Lodha Group to develop 5.7 million sq ft carpet area with Rs 6,000 crore potential revenue share to the company.

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Valor Estate to develop 5.7 million sq ft with L&T Realty and Lodha Group, ET RealEstate (indiatimes.com)

Source:ET Reality

MUMBAI: State Bank of India (SBI), ICICI Bank and IDBI Bank hold the key to the Jaiprakash Associates (JAL) insolvency resolution with admitted claims of more than Rs 51,000 crore, one of the biggest cases since the Insolvency and Bankruptcy Code (IBC) came into force in 2016.

Now Max Group will take over and develop the project and pay ₹542 crore to the Noida authority to take over the Delhi One project located in Sector 16A.

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SBI-led banks key to insolvency case against Jaiprakash Associates, ET RealEstate (indiatimes.com)

Source: Hindustan Times

NOIDA: As the Noida authority approves the resolution plan, the Max Group is all set to take over the 3C Group’s Delhi One project that consists of a five-star hotel, service apartments and office space at Delhi-Noida border.

Now Max Group will take over and develop the project and pay ₹542 crore to the Noida authority to take over the Delhi One project located in Sector 16A.

Source: Hindustan Times

Source: Hindi News

Source: The Economic Times