Real Estate


Should you buy or rent a property? 42% in Bengaluru prefer buying over renting

Published on Dec 11, 2023 01:37 PM IST

Rising rentals, in some cases equating to or even surpassing home loan EMIs, have been a major factor behind tenants wanting to invest in their own homes

As many as 35 percent people wish to buy property on account of the security it offers, 30 percent prefer buying property as rents have become expensive(Pexels)

Affordability to buy home to rise to a 3-year high in 2024: Report

Kolkata, Pune and Hyderabad to be most affordable in 2023 and 2024, according to a report titled JLL Home Purchase Affordability Index

The affordability for home purchases is expected to improve for the better in 2024, basis the expectation of a 60-80 bps repo rate cut during the year, says JLL’s report on the Home Purchase Affordability Index (HPAI).(Pexels)
Updated on Dec 11, 2023 07:07 AM IST

Air India leases 6.2 lakh sq ft commercial real estate space in Gurugram

The airline, acquired by the Tata group in January 2022, has taken up blocks B, C and E spread across an area of 3.61 lakh sq ft.

Air India (REUTERS)
Published on Dec 10, 2023 05:55 PM IST

Tirupati Balaji temple plot hits flood-prone hazard line snag, claim Greens

The proposed replica of Tirupati Venkateswara Swamy temple at Ulwe in Navi Mumbai has got into another environmental tangle with the CZMP.

Tirupati Balaji temple plot hits flood-prone hazard line snag, claim Greens
Published on Dec 09, 2023 11:44 AM IST

Twin illegal buildings in Nerul to be vacated in a week: NMMC

The multi-storied building was declared illegal almost a decade ago as the plot on which the building was constructed is demarcated by the CIDCO for Gardens.

Twin illegal buildings in Nerul(Bachchan Kumar)
Published on Dec 08, 2023 05:56 PM IST

Hyderabad to witness launch of more than 1.3 lakh housing units in 2-3 years

Office space leasing momentum in Hyderabad is expected to soar with gradual return-to-office acceleration.

Hyderabad is expected to witness the launch of more than 1.3 lakh housing units within the next two to three years (Wikimedia commons)
Published on Dec 08, 2023 03:50 PM IST

RBI repo rate hold likely to boost homebuyers' sentiment to invest

The monetary policy committee of RBI decided to keep the policy repo rate unchanged at 6.5 per cent.

RBI Governor Shaktikanta Das(PTI file photo)
Published on Dec 08, 2023 11:47 AM IST

Embassy Industrial Park completes acquisition of 124 acre land near Bengaluru

The land parcel in Nelamangala Taluka, Bengaluru, was acquired by Embassy Industrial Park Hosur Pvt Ltd for ₹177 crore and registration completed in October.

Embassy Industrial Park Hosur Pvt Ltd had been allotted a land parcel by Karnataka Industrial Areas Development Board for setting up an industrial and logistics park(Representational picture)
Published on Dec 07, 2023 10:36 PM IST

IT SEZs now allowed to lease space in major real estate reform

Real estate experts said the reform is a significant step in the ongoing efforts to increase occupancy in IT SEZ Parks.

The skyline view of Cyber City, Cyber Hub and Gateway tower building, in Gurgaon, India.(Parveen Kumar/HT File Photo)
Published on Dec 07, 2023 04:44 PM IST

Office rental values increase by 7 percent in top seven cities

Office rental values witnessed a 7 percent growth in H1 FY24 across the top seven cities when compared to the same period in FY23.

Office space (Representational)
Published on Dec 07, 2023 01:41 PM IST

HCC sells 58.30 acre land parcel in Panvel for 95 crore

The transaction was registered on December 4, 2023, and the purchasers paid a stamp duty of ₹5.70 lakh.

Representational photo
Published on Dec 07, 2023 11:50 AM IST

Brigade Group signs JDA for office space in Bengaluru with 500 cr dev value

The Grade A office space is expected to come up on Sankey Road in Bengaluru’s Central Business District HT News Desk

Published on Dec 07, 2023 11:41 AM IST

HCC sells 58.30 acre land in Panvel for 95 crore

The transaction was registered on December 4, 2023, and the purchasers paid a stamp duty of ₹5.70 lakh, the documents said.

The 2,36,890 sq m land parcel was put on the block for e-auction as part of the monetisation plan and Uran-based Oak and Stone Constructions Pvt Ltd(Rep image)
Published on Dec 07, 2023 11:14 AM IST

Provident Housing to launch 5.8 mn sq ft of inventory worth 3,800 crore

Provident Housing expected to launch 5.8 mn sq ft of inventory worth ₹3,800 crore by end of the fiscal.

Provident Housing CEO Mallanna Sasalu.
Published on Dec 06, 2023 08:12 PM IST

Oberoi Realty completes acquisition of land parcel in Thane for around 196 cr

Oberoi Realty registered conveyance deed of the land measuring approximately 25,700 square meters in its favour and also taken possession of the said property

Oberoi Realty has entered into a Memorandum of Understanding (MOU) with NRB Bearings Limited (NRB) for acquiring the lands located at Pokhran Road 2, Thane, Maharashtra, along with the structure, it said. (Pexels/Representational)
Published on Dec 06, 2023 11:22 AM IST

Brigade to develop luxury housing project in Mysore

Luxury housing project to be spread over 4 acres and will overlook the Mysore Golf Club.

The JDA will add to Brigade Group’s residential portfolio in Mysuru of over 25 residential projects.
Published on Dec 05, 2023 05:56 PM IST

Panattoni launches first industrial park project in Delhi-NCR

The Delhi-NCR facility is expected to have a built-up area of 360,000 sq.ft.

The company plans to invest 100 million euros in projects across the country..
Published on Dec 05, 2023 02:47 PM IST

MahaRERA moots system for monitoring quality of housing projects

MahaRERA aims to implement a grading system for housing projects by April 2024 and has invited public suggestions and objections by December 31.

Initially, it will be optional for developers to join this framework before it is made mandatory for all projects in Maharashtra, says the consultation paper. (File)
Updated on Dec 05, 2023 09:32 AM IST

Rapid Metro witnesses major spurt in ridership in 2023, revenue rises by 53%

The total income of the Rapid Metro this year was ₹26.26 crore, while the total expenditure was ₹28.60 crore, which led to a deficit of ₹2.34 crore.

The Rapid Metro has an 11.6 km network from Cyber Hub to Sector 56 along the Golf Course Road. (HT Photo)
Updated on Dec 05, 2023 09:35 AM IST

Tribeca Developers appoints Rajat Khandelwal as CEO

He will spearhead the company curreny projects of over 6 million sq ft of branded residential projects in India with a sales value of ₹6,000 crore

Tribeca Developers appoints Rajat Khandelwal as CEO
Updated on Dec 05, 2023 09:34 AM IST

Real Estate trends: Five clinchers for a 100 crore property deal

A deep look into the vital factors that influence the purchase decision of ultra-rich property buyers.

It should be noted that the majority of luxury apartments bought in Mumbai or in Delhi are sold as bare-shell units. (Representational/Pexels)
Updated on Dec 05, 2023 10:13 AM IST

Everest Group promoters buy luxury apartments of over 143 crore in Mumbai

Promoters of Everest Food Products buy two more luxury apartments in Mumbai worth more than ₹143 crore.

Everest Food Products
Updated on Dec 03, 2023 05:31 AM IST

India's construction sector levels up as housing demand spurs economy

The construction sector grew 13.3% in July-September from a year earlier, up from 7.9% in the previous quarter

Builders are bullish long-term with many saying the boom could last two to three years and some even more optimistic. (HT Archive)
Published on Dec 02, 2023 10:47 AM IST
Reuters |

Hyderabad sees highest 19% rise in housing price in Sep quarter: Report

All eight major cities experienced a notable increase in housing prices, with Hyderabad leading the pack at 19 per cent Year-on-Year (YoY) rise.

A view of the deserted street in the old city following the Telangana Assembly election in Hyderabad on Thursday (ANI Photo)
Published on Dec 01, 2023 06:47 PM IST

Have a crore to invest in a second home in Goa? Here’s what you should know

New guidelines are expected to lead to faster closure of second home deals and bring more clarity and a regulatory environment around fractional ownership.

Goa is one of the most famous tourism destination in India.
Updated on Dec 01, 2023 06:47 PM IST

Bhutani Infra says all retail units in new Noida project sold out within 12 hrs

Bhutani said the speed is not surprising for Noida, which has become the point of focus in the industry now.

Located along the Noida-Greater Noida Expressway, Avenue 133 offers a mix of retail shops, wellness centres, office spaces, and a lively food court.(File / Virendra Singh Gosain/ Hindustan Times)
Published on Nov 28, 2023 07:20 AM IST

Property registration stalled by sub-registrars, says BJP

A senior revenue department officer said no directions have been issued to sub-registrars to stop property registrations.

Representational picture(File photo)
Published on Nov 21, 2023 03:02 PM IST

WeWork India leases office space in Bengaluru, Hyderabad for co-working centres

WeWork India leases 2.72 lakh sq ft in Bengaluru and Hyderabad for new facilities with over 4,000 desks.

A WeWork co-working office space in New York, US.(Bloomberg)
Updated on Nov 16, 2023 04:25 PM IST
PTI | | Posted by Singh Rahul Sunilkumar

German banks brace for further pain as commercial real estate valuations tumble

The current difficulties faced by real estate investors and developers will lead to more property sales, prolonging the slump in the asset class.

Germany's property sector is under stress, underscoring a major change of fortune for real estate in Europe's largest economy after an end to the era of cheap money. (REUTERS)
Published on Nov 14, 2023 04:40 PM IST
Bloomberg | | Posted by Singh Rahul Sunilkumar
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