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Prestige Estates' board approves fund raise of ?5000 cr via QIP or other modes

Published on Jun 21, 2024 08:30 PM IST

Prestige Estates' board also approved the monetization of its hospitality assets through a share issue and has formed a sub-committee to oversee the process

Prestige Estates' board on June 21 approved a <span class='webrupee'>?</span>5000 crore fundraising plan through qualified institutional placement (QIP) or other permissible modes (Representational photo)

International Yoga Day 2024: Here is how the realty sector celebrated the Day

From union housing and urban affairs minister, DDA officials to private developers, here’s how the real estate fraternity joined in the Yoga Day celebrations.

Union housing and urban affairs minister Manohar Lal Khattar participating in 2024 International Yoga Day celebrations(Manohar Lal Khattar)
Published on Jun 21, 2024 07:48 PM IST

Unity Small Finance Bank buys properties worth ?400 crore in Mumbai

In two separate real estate deals, private lender Unity Small Finance Bank has purchased commercial properties worth ?400 crore in Mumbai

Unity Small Finance Bank acquires commercial properties worth more than <span class='webrupee'>?</span>400 crore in Mumbai (Representational photo)(Bloomberg)
Published on Jun 21, 2024 05:57 PM IST
ByShakshi Jain

UPRERA News: Authority to accept only written complaints from homebuyers

UPRERA has said it will only accept complaints in writing from homebuyers as some of them often change the ‘sought relief’ after the final order has been passed

UPRERA has decided to standardize written submission of complaints by homebuyers
Published on Jun 21, 2024 03:59 PM IST

Indiabulls Real Estate announces change of name to Equinox India Developments

Indiabulls Real Estate Limited will be submitting applications with Bombay Stock Exchange and National Stock Exchange of India for effecting change of name

Listed real estate developer Indiabulls Real Estate Limited has changed its name to Equinox India Developments Limited with effect from June 20, the company said in a regulatory filing.(Bloomberg)
Published on Jun 21, 2024 02:08 PM IST

10 things Mumbai homeowners should keep in mind before going for redevelopment

In Mumbai, out of the monthly average of 10,000 property registrations, almost 10% to 20% are that of redevelopment projects.

Redevelopment of old housing society buildings in the Mumbai real estate market has picked up steam over the last few years.(Mehul R Thakkar)
Published on Jun 21, 2024 08:07 AM IST
ByMehul R Thakkar

More than two children? Can’t join housing society committee: Bombay HC

The court held that the “small family” rule, introduced in the Maharashtra Co-operative Societies Act, 1960, by a 2019 amendment, was applicable in the case

The Bombay High Court (HT FILE PHOTO)(HT_PRINT)
Updated on Jun 21, 2024 08:57 AM IST

Inside Shah Rukh Khan's LA mansion where you can stay for ?2 lakh per night

While Shah Rukh Khan's residence in Mumbai is one of the most popular spots in the city, the actor has bought many luxurious properties across the globe.

Shah Rukh Khan was last seen in film, Dunki.
Published on Jun 20, 2024 07:24 PM IST

New housing supply may witness 13% drop; sales down 2% y-o-y across top 9 cities

Delhi NCR is the only city that witnessed an increase of 95% y-o-y in new launches. Maximum drop in new launches and sales in Hyderabad and Pune

New housing supply is expected to witness a drop of 13% across the top nine cities and sales are expected to fall by 2% in the April to June period compared to the same period last year, according to the report.(Mehul R Thakkar)
Published on Jun 20, 2024 07:12 PM IST

Brigade Group to develop a third World Trade Center tower in Kochi

Brigade Group has signed a land lease agreement to develop a third tower of the World Trade Center at Infopark Kochi. The new tower will be 16 storeys high

Brigade Group signing a land lease agreement, to develop a third World Trade Center tower in Kochi, in the presence of Kerala Chief Minister Pinarayi Vijayan(Brigade Group)
Published on Jun 20, 2024 04:13 PM IST

Kangana Ranaut gifts house to newly-married cousin Varun Ranaut but so can you

Kangana Ranaut recently gifted a property to her cousin as a wedding present. Here's what you must know if you are planning to gift one to your siblings

Kangana Ranaut gifts house to newly-married cousin Varun Ranaut
Updated on Jun 20, 2024 01:05 PM IST

Young professionals now investing in villa projects in Goa

Young professionals find the Goa market attractive for property investment; Gated villas in Grade A locations command a rental yield of 5-8%

Goa real estate: Return on rentals in gated villa properties is anything between 5-8% approximately(Unsplash)
Published on Jun 20, 2024 12:31 PM IST

Cushman & Wakefield launches advisory vertical for Global Capabilities Centres

The integrated GCC advisory service will help companies develop their captive-offshore shared services, R&D and Centers of Excellence (COE) capabilities

International property consultant Cushman & Wakefield on June 19 announced the launch of an integrated advisory vertical for multinational companies to strategise and set up Global Capability Centres (GCCs). (HT Files)
Published on Jun 19, 2024 11:12 PM IST

Co-working firm BHIVE Workspace likely to launch IPO in the next two years

Flexible office space provider BHIVE Workspace is mulling a 2026 timeline for an IPO. Active work may begin once it crosses the ?500 cr milestone in revenue

Flexible office space provider BHIVE Workspace mulls IPO in 2026.(BHIVE Workspace)
Published on Jun 19, 2024 05:12 PM IST
ByShakshi Jain

This is what it will cost you to be neighbors with Shatrughan Sinha

The reserve price for the Mumbai property, located in the same neighborhood where Shatrughan Sinha and Sara Ali Khan live, is set at ?104.11 crore

The Union Bank of India has issued a public notice to sell properties of Indus Projects Limited and its promoters after they failed to pay the dues. The building is located in the same neighborhood where Shatrughan Sinha lives.(HT FILE PHOTO.)
Published on Jun 19, 2024 03:10 PM IST

Malibu mansion nets $210m as California's priciest home

The property - which is a lot of money even by standards of Malibu's expensive real estate - is now the costliest home ever to be sold in California

Malibu mansion nets $210m as California's priciest home (Representational photo)(Pixabay)
Published on Jun 19, 2024 11:48 AM IST
AFP |

ATS, Supertech may lose group housing land near Noida airport

While ATS needs to pay ?668 crore in dues to Yeida. Likewise, Supertech has failed to pay ?677 crore to the authority, said officials

A stalled Supertech project in Sector 77, Noida. For the land Allotment in Sector 22D, the realtor needs to pay Yeida a sum of <span class='webrupee'>?</span>677 crore as dues. (HT Archive)
Updated on Jun 19, 2024 06:44 AM IST
By, Greater Noida

Housing rental growth drops by half in top cities compared to previous quarter

The average rental hike was at 2-4% in Q2 2024 compared to 4-9% in Q1 2024; Bengaluru’s Whitefield and Noida’s Sector 150 saw the highest rental growth at 4%

Housing rentals in key micro markets across top cities, including Mumbai, witnessed quarterly growth of 2-4% in Q2 2024 compared to 4-9% in Q1 2024(Mehul R Thakkar)
Published on Jun 18, 2024 10:46 PM IST

Ayodhya, Varanasi among cities that will witness fast real estate development

Varanasi, Ayodhya, Puri will witness fast real estate development due to government policy support and infrastructure growth in temple towns, says a report

Ayodhya is among 17 high-potential cities that will witness fast real estate development in the coming years (Gaurav Saigal/HT) (AP)
Published on Jun 18, 2024 08:51 PM IST

Mumbai real estate: Abhishek Bachchan buys 6 apartments for around ?15 crore

Mumbai real estate: Abhishek Bachchan has bought six apartments measuring 4,894 sq ft in the Oberoi Sky City project by Oberoi Realty in Borivali area

Abhishek Bachchan has bought six apartments measuring 4,894 sq ft of RERA carpet at a price of <span class='webrupee'>?</span>31,498 per sq ft in Mumbai, according to property registration documents
Updated on Jun 19, 2024 12:12 PM IST
ByMehul R Thakkar

Here's why Gujarat’s GIFT City real estate market is high on the liquor policy

Gujarat's GIFT City Liquor policy has led to prices of housing units going up by 10% to 20%, according to real estate experts

The liquor policy announced by the Gujarat government partially permitting liquor consumption in GIFT City has led to an increase in housing prices. (File Photo)
Published on Jun 18, 2024 12:27 PM IST
ByMehul R Thakkar

Noida residents oppose paid parking outsides high-rises, say they trigger jams

A delegation led by BJP mandal president Pankaj Jha submitted a complaint to Noida Authority to cancel parking contracts in residential sectors

Acknowledging that surface parking did amplify traffic congestion, Anil Yadav, deputy commissioner of police, Noida traffic police, said it was up to the Noida authority to find a more feasible and acceptable solution. (Sunil Ghosh/HT Photo)
Updated on Jun 18, 2024 05:46 AM IST
By, Noida

Ivanka Trump, Hillary Clinton partnered in $150m realty deal? $150m fraud expose

NYC Register’s office admits to accidentally approving a fake deed that claimed Ivanka Trump and Hillary Clinton teamed up for a $150 m real estate deal

Melania Trump (L) and Ivanka Trump look on as Republican presidential elect Donald Trump speaks during election night at the New York Hilton Midtown in New York on Wednesday. (AFP)
Published on Jun 17, 2024 05:34 PM IST

Nadir Godrej purchases three apartments for ?180 crore in South Mumbai

The three apartments purchased by Nadir Godrej of Godrej Industries in South Mumbai come with 12 parking spaces and have attracted a stamp duty of ?10 crore

Nadir Godrej of Godrej Industries has purchased three luxury apartments for <span class='webrupee'>?</span>180 crore in Ruparel House, Malabar Hill, in South Mumbai.
Published on Jun 17, 2024 05:27 PM IST
ByMehul R Thakkar

Mumbai, Delhi NCR, and Bengaluru account for 70% of overall retail leasing: JLL

Around 1.1 mn sq ft of retail space in organized retail centers and prominent high streets was leased in Q1 2024; Fashion and apparel sector dominated

Mumbai, Delhi NCR, and Bengaluru collectively accounted for almost 70% of the overall retail leasing activity in the country. (Representational photo) (Pixabay)
Published on Jun 17, 2024 03:22 PM IST

5 things you should know before renting an apartment in Bengaluru

Bengaluru real estate: For those looking to rent flats in high-rises in the city, areas such as Whitefield and Electronic City may be a convenient bet

Planning to relocate from Noida to Bengaluru? Here are 5 things you should know before renting an apartment in the city. (Source: DSMax)(DSMax)
Published on Jun 17, 2024 12:57 PM IST
ByShakshi Jain

Prestige Group planning mid-segment housing projects near Mumbai

Prestige Group is planning to launch mid-segment housing projects in Thane and Panvel. It is currently present in Marine Lines, Pali Hill, Mahalaxmi and Mulund

Prestige Group is planning to launch mid-segment housing projects in Mumbai Metropolitan Region (MMR) in areas such as Thane or Panvel, said Irfan Razack, Chairman and Managing Director of Prestige Group. (Representational photo)(Bachchan Kumar/HT PHOTO)
Published on Jun 17, 2024 09:54 AM IST
ByMehul R Thakkar

China home-price slump accelerates despite more stimulus

China’s home prices fell at a faster pace in May, as the country’s most forceful efforts to support the property market took time to revive demand.

China’s home prices fell at a faster pace in May, as the country’s most forceful efforts to support the property market took time to revive demand. (Wang Zhao / AFP)
Published on Jun 17, 2024 09:11 AM IST
Bloomberg |

Insolvency process begins against Supertech Goup’s Supernova project in Noida

Supertech Group’s Supernova project in Noida has four towers -- Nova East, Nova West, Astralis, which are delivered; Spira is an under construction tower

NCLT has initiated corporate insolvency resolution process against Supertech Group’s subsidiary Supertech Realtors Private Limited, which is developing a commercial tower in Noida. (Sunil Ghosh/HT Photo)
Updated on Jun 15, 2024 05:54 AM IST
By, Noida

Grade A warehousing in India to cross 300 million square feet by 2025: Report

Warehousing supply in India is expected to surpass 300 mn sq ft by 2025. Experts credit strong industrial demand, conducive government policies for the growth

The Indian warehousing sector is set to cross the 300 million square feet-mark by 2025 (Picture for representational purposes only) (Pixabay)
Published on Jun 14, 2024 08:20 PM IST
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