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Vandana Ramnani

Vandana Ramnani is editor, real estate, HT Digital. She has reported extensively on residential and commercial real estate. She can be reached at

Articles by Vandana Ramnani

Promoters of a diamond firm buy a luxury apartment in Mumbai for 97.4 crore

The luxury apartment is spread across an area of 14,911 sq ft plus an additional area of 884 sq ft and has been bought for ₹97.4 crore

Promoters of Kiran Gems have bought an around 16,000 sq ft sea-facing apartment in the luxury project Oberoi 360 West in Mumbai for <span class='webrupee'>₹</span>97.4 crore, documents accessed by Zapkey showed.
Published on May 17, 2024 06:02 PM IST

DLF to launch projects with 36,000 crore sales potential this year

DLF plans to launch super luxury projects in Gurugram in DLF5 in Q3 and in Goa in Q2; a premium project in Mumbai in Q4 and a luxury project DLF Privana in Q4

Real estate major DLF plans to launch new real estate projects spanning approximately 11.6 mn sq ft with a sales potential of almost <span class='webrupee'>₹</span>36,000 crore this fiscal, Aakash Ohri, Joint Managing Director and Chief Business Officer, DLF Home Developers Ltd, told Hindustan Times Digital
Updated on May 15, 2024 10:50 PM IST

Will zero deposit rentals provide an antidote to tenants' woes in Bengaluru?

Bengaluru's tenants will only have to pay an upfront annual premium of around 6% of the probable deposit or bond value under the zero deposit rental scheme

Bengaluru rental market: Under the zero deposit rental scheme, the prospective tenant signs a rental bond with the landlord and the third party executing it for a nominal one-time fee. (Representational photo)
Updated on May 14, 2024 07:37 AM IST

5 things you need to know about India's ghost shopping malls

Grade C shopping centers or ghost malls in some cities have been demolished to pave way for construction of residential inventory to monetize the land parcels

There has also been a 59% year-on-year rise in low performing shopping malls in India with approximately 13.3 million sq ft of retail space categorized as 'ghost shopping centers (Representational photo) (Pixabay)
Published on May 13, 2024 08:44 AM IST

D'Mart buys 52,000 sq ft land parcel in Mumbai for 117 crore

The agreement value for the 52,765 sq ft land deal is around ₹117 crore and the stamp duty paid by D'Mart is ₹7.03 crore, documents showed

Avenue Supermarts Ltd, the parent company of D’Mart supermarket chain, has purchased a 52,000 sq ft. land parcel in Chandivali, Andheri East in Mumbai for <span class='webrupee'>₹</span>117 crore (Photo
Published on May 10, 2024 05:03 PM IST

World Facilities Management Day: What keeps luxury projects in shipshape?

Facility management in luxury condos is all about having experts take care of residents’ needs, not to mention the high maintenance costs that go into it

These days several consultancies have started providing for facility management services in luxury real estate projects that are often managed by hotel management staff(Cushman & Wakefield)
Published on May 08, 2024 04:44 PM IST

Microsoft buys 48-acre land parcel in Hyderabad for 267 crore

The land parcel that Microsoft has bought is located in Elikatta Village, Hyderabad in Telangana. The sale deed was registered on April 18, documents showed

Tech giant Microsoft has bought an almost 48 acres land parcel in Hyderabad for <span class='webrupee'>₹</span>267 crore (REUTERS/ FILE)
Published on May 06, 2024 05:54 PM IST

JLL’s project and development services business in India to grow by 15-20%

JLL is also planning to focus on the senior living, warehousing and assets advisory business in India, two global CEOs of the company told HT Digital

JLL’s project and development services (PDS) footprint in India touched 250 million sq ft in FY2023 and is expected to grow at approximately 15-20% this fiscal, Cynthia Kantor, CEO, Project and Development Services (PDS) and Susheel Koul, CEO, Work Dynamics, Asia Pacific, Singapore, told HT Digital
Published on May 06, 2024 02:16 PM IST

Real estate trends: Mumbai homebuyers now upgrading to duplex and triplex flats

Move over jodi apartments. Luxury housing demand in Mumbai has now shifted to vertical duplex units with more height and large floor area, say realty experts

The latest trend that has caught on in Mumbai is that of duplex and triplex homes (Representational photo)(Pexels)
Published on May 06, 2024 10:48 AM IST

6 things you need to know about inheritance tax

Currently, there is no income tax or stamp duties to be paid on inherited property in India. There are no capital gains taxes either

There is no income tax or stamp duties to be paid on inherited property in India. No capital gains tax either. (Representational photo) (Pexels)
Published on May 04, 2024 08:11 AM IST

Priyanka Chopra’s family leases bungalow in Pune to a co-living firm for a month

Priyanka Chopra’s brother Siddharth Chopra and mother Madhu Chopra signed the Leave and License Agreement with The Urban Nomads Community Private Limited

Priyanka Chopra’s family has leased a bungalow located in Koregaon Park in Pune, to a co-living and co-working firm The Urban Nomads Community Private Limited, for a rent of <span class='webrupee'>₹</span>2 lakh per month. REUTERS/Andrew Kelly(REUTERS)
Published on Apr 25, 2024 05:27 PM IST

Bengaluru-based RMZ Corporation exploring opportunities in the US, EU and UK

RMZ Corporation is planning to invest in real estate asset classes and geographies that “give better dollar returns.” These could be in Mumbai or Manhattan

Bengaluru-based RMZ Corporation is actively pursuing real estate deals in the US, EU and the UK and is hoping to close a few within the next 12 to 15 months, Mihir Menda, 25, Supervisory Board Member, RMZ Corporation told HT Digital.
Updated on Apr 23, 2024 07:43 AM IST

Elon Musk-led Tesla hunts for showroom space in New Delhi and Mumbai

Elon Musk-led company Tesla has held preliminary talks with real estate developers, including DLF and officials of Maker Maxity in Mumbai, sources said

Elon Musk-led Tesla has held preliminary talks with a bunch of real estate developers, including the largest player DLF, and Maker Maxity, for showroom space in Delhi and Mumbai. (Representative picture)
Published on Apr 18, 2024 12:13 PM IST

Wellknown Polyester's CMD buys two luxury apartments in Mumbai for 270 crore

Lodha has sold two luxury apartments to the chairman and managing director of Wellknown Polyesters Ltd Anil Gupta. The two units were registered on April 12

Macrotech Developers has sold two apartments in its luxury project Lodha Malabar for <span class='webrupee'>₹</span>270 crore to the chairman and managing director of Wellknown Polyesters Ltd, Anil Gupta, registration documents showed.
Published on Apr 15, 2024 05:09 PM IST

Like Alia Bhatt & Kangana Ranaut, you too can gift a property to your siblings

One should also consider the cost-saving benefits of stamp duty exemptions available across states for property transfers or gifts between siblings, say experts

Bollywood star Alia Bhatt had transferred two flats in Juhu to her sibling Shaheen through a gift deed around the same time last year. (PTI Photo)(PTI)
Published on Apr 10, 2024 02:56 PM IST

Puravankara Ltd to focus on redevelopment projects in Mumbai, Pune this fiscal

Besides residential redevelopment projects, Puravankara Limited is also evaluating commercial redevelopment projects

Mumbai and Pune will be the new focus areas for us, especially redevelopment projects, said Abhishek Kapoor, Group CEO, Puravankara Ltd.
Published on Apr 10, 2024 09:48 AM IST

RBI's decision to keep interest rates unchanged to boost housing sales

RBI's decision to keep lending rates unchanged presents EMI-dependent homebuyers and those waiting on the sidelines to fulfill their home-ownership aspirations

RBI MPC: Reserve Bank of India's (RBI) decision to keep repo rates unchanged offers a sense of continuity and predictability to the real estate sector. (PTI)
Published on Apr 05, 2024 11:43 AM IST

Office market surges to 16.2 m sq ft transactions in Q1 2024: Knight Frank India

Bengaluru spearheads office market growth, securing top position with 3.5 mn sq ft of transactions; Homes priced at ₹1 crore constitute 40% of housing sales

Office space transactions across the top eight markets in India touched 16.2 million square feet (mn sq ft) in Q1 2024, marking a 43% year-on-year (YoY) growth in Q1 2024,a Knight Frank report has said. (Picture for representational purposes only)(Pixabay)
Published on Apr 04, 2024 11:42 AM IST

From Imran Khan to Katrina Kaif, why some Bollywood stars prefer to stay on rent

Imran Khan, Kriti Sanon, Kartik Aaryan, Vicky Kaushal, Katrina Kaif are among Bollywood stars that are staying in rented properties in Mumbai.

Bollywood actor Imran Khan and his girlfriend Lekha Washington recently leased a flat in Mumbai’s Bandra area from film producer Karan Johar at a monthly rent of <span class='webrupee'>₹</span>9 lakh for three years.(IANS)
Updated on Apr 02, 2024 08:54 AM IST

Mumbai real estate: All that you need to know about ‘bulk’ property deals

HNIs generally scout for 'bulk' property deals as an investment or for end use so that multiple family members can reside in the same building

High-net worth individuals generally look for 'bulk' real estate deals in the same or varied projects as an investment or for end use so that multiple family members can reside in the same building. HT PHOTO BY PUNEET CHANDHOK 18/08/09 - AUG09 2K9
Published on Mar 28, 2024 01:39 PM IST

Bank of America leases two commercial units in Malad for 91.5 lakh per month

Bank of America, through its non-banking subsidiary, has leased two commercial units in Malad for 10 years at a starting monthly rent of ₹91.5 lakh

Bank of America through its non-banking subsidiary has leased two commercial units in Malad for 10 years at a starting monthly rent of <span class='webrupee'>₹</span>91.5 lakh. (Picture for representational purposes only)(Reuters)
Published on Mar 22, 2024 05:32 PM IST

Rekha Jhunjhunwala buys Mumbai apartment for 11.76 crore

The apartment that Rekha Jhunjhunwala has bought is spread across an area of 1666 sq ft and comes with one car parking space

Rekha Jhunjhunwala, who is the wife of late billionaire Rakesh Jhunjhunwala, has purchased an apartment in Mumbai for <span class='webrupee'>₹</span>11.76 crore. (Picture for representational purpose only) (Pratik Chorge/HT Photo)
Published on Mar 22, 2024 05:10 PM IST

Office buildings in Mumbai’s BKC command higher prices than Manhattan

Uday Kotak's response to the New York office distress deal underscores the impact of COVID on the commercial real estate landscape in the US, say realty experts

Uday Kotak's response to the New York office distress deal underscores the impact of COVID on the commercial real estate landscape in the US. REUTERS/Amr Alfiky/File Photo(REUTERS)
Updated on Mar 19, 2024 09:26 AM IST

Maharashtra government extends stamp duty amnesty scheme until June 2024

Experts said that the Maharashtra government's move is expected to stimulate the real estate market as more people will be encouraged to register properties

The Maharashtra government has decided to extend the stamp duty amnesty scheme for the third time until June 30, 2024, providing relief to property owners. (Picture for representational purposes only) (BACHCHAN KUMAR/HT PHOTO)
Published on Mar 16, 2024 10:10 PM IST

BHIVE coworking leases commercial space from Adani Realty for 1.39 cr a month

BHIVE coworking leases more than 62,000 sq ft of commercial space from Adani Realty at a license fee of ₹1.39 crore per month

BHIVE coworking workspaces, has leased seven commercial units spread across an area of 62,188 sq ft in a office complex by Adani Realty in Mumbai at a license fee of <span class='webrupee'>₹</span>1.39 crore per month. (Picture for representational purposes only)(Pixabay)
Published on Mar 15, 2024 08:41 PM IST

Cabinet's approval of two Delhi Metro corridors to impact real estate markets

Realty experts say that improved Metro connectivity is expected to make these locations in Delhi desirable for redevelopment as well as investments

The Union cabinet’s approval of two new Delhi Metro corridors will not only provide improved connectivity and address the growing congestion in the city, it is also expected to reinvigorate the real estate markets along these routes. (Picture for representational purposes only) (Photo by Sakib Ali /Hindustan Times)
Published on Mar 13, 2024 09:08 PM IST

Motilal Oswal's top official buys Mumbai apartment for over 36 crore

The property is located in an under construction project called Satguru Rendezvous in Bandra West, Mumbai, the registration documents showed

Managing director of Motilal Oswal Financial Services Limited, Ashish Sharad Gumashta, has bought a 3416 sq ft apartment in Bandra, Mumbai, for <span class='webrupee'>₹</span>36.19 crore (HT PHOTO)
Published on Mar 13, 2024 08:30 PM IST

Amitabh Bachchan's next door bungalow up for sale

Amitabh Bachchan’s Juhu home's neighbouring bungalow is being auctioned under the SARFAESI Act, according to a recent public notice

Amitabh Bachchan’s bungalow Jalsa's adjoining property will be put for auction on March 27.(Pixabay)
Updated on Mar 13, 2024 10:19 AM IST

Mumbai Coastal Road inaugurated: Here’s how it will impact realty markets

The Mumbai Coastal Road is expected to rejuvenate the city's business hubs and drive residential demand in South-Central Mumbai submarkets

Maharashtra Chief Minister Eknath Shinde inaugurated the first phase of the Coastal Road between Worli and Marine Drive in south Mumbai on March 11. The connector is expected to be a catalyst for the city's real estate market (Bhushan Koyande/HT Photo)
Published on Mar 11, 2024 09:23 PM IST

Dwarka Expressway inauguration: The impact on Gurugram real estate prices

Going forward, Dwarka Expressway is expected to witness the launch of luxury housing projects. Property and land prices are also likely to appreciate

Dwarka Expressway has of late emerged as a major residential hub in Gurugram and going forward it is expected to witness the launch of commercial and retail projects, as well as high-quality residential properties. (Vipin Kumar/HT photo)
Published on Mar 11, 2024 01:54 PM IST
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