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Bengaluru-based Sobha Ltd gets Rs.46 crore income tax demand notices; company to file appeal

India, April 2 -- Listed real estate firm Sobha Ltd has received demand notices of nearly Rs.46 crore from the Income Tax Department. The Bengaluru-based company said that it is in the process of fili... Read More


Prestige group raises Rs.2,001 cr from ADIA, Kotak AIF to build housing projects across four cities

India, April 1 -- Bengaluru-based Prestige Group has raised Rs.2,001 crore from the Abu Dhabi Investment Authority (ADIA) and Kotak AIF to develop greenfield residential projects across four cities - ... Read More


Hospitality sector witnesses $401 million investment activity in FY23: JLL

India, April 1 -- Hotel Investments in India touched $401 million in 2023 which was nearly a four-fold increase in the volumes witnessed in 2022. As many as 25% of the overall value of transactions in... Read More


Noida and Greater Noida flat registries: 5 things homebuyers should know

India, April 1 -- Noida authority has said that it has given permission for the registry of a total of 13,639 apartments after real estate developers of 35 housing projects gave their consent to clear... Read More


From Imran Khan to Katrina Kaif, why some Bollywood stars prefer to stay on rent rather than buy an apartment in Mumbai

India, April 1 -- 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 Rs.9 lakh for three ... Read More


Good news for homebuyers! Maharashtra government decides to keep ready reckoner rates unchanged for FY25

India, April 1 -- In a move that could bring relief to homebuyers, the Maharashtra government just before the auspicious Gudi Padwa, has decided to keep the ready reckoner (RR) rates in the state for ... Read More


Mumbai records over 14,400 property sale registrations in March 2024, up 10% YoY

India, March 31 -- Mumbai city recorded registration of 14,411 properties, contributing to a revenue of Rs.1,143 crore for the state government in the month of March 2024. Registrations increased by 1... Read More


Office market net absorption in Q1 2024 at 11.5 mn sq ft across top 8 cities

India, March 30 -- Despite global headwinds, the Indian office market continues its positive trajectory, registering a net absorption of 11.5 mn sq ft across top eight cities in Q1 2024, according to ... Read More


Luxury segment dominates new housing launches in Q1 2024 with 34% share: Report

India, March 29 -- The high-end and luxury segment continued to drive growth of the real estate sector with 34% share in new launches in the first quarter of 2024, said a report by Cushman & Wakefield... Read More


Housing sales in Tier 1 cities up by 8% despite decrease in new launches by 19% in Q1 2024

India, March 28 -- The residential market in India has witnessed a growth in sales in Q1 2024, with an 8% year-on- year increase despite a decrease in new launches by 19% during the same period, a rep... Read More