Residential Units

Prestige Group acquires 21 acres of land in Bengaluru for Rs 450 crore

The real estate group plans to build 1,800 apartments spread over 4 million square feet of area

Hiranandani plans to invest Rs 3K cr, expects 25% residential biz growth

Hiranandani Group is evaluating few projects under the joint venture or joint development agreement and aims to strategically extend its presence to regions with favourable conditions

Rise in unauthorised constructions amid flaws in urban housing policies: SC

Observing that urbanisation policies have flaws, the Supreme Court has said one of the main reasons for spurt in unauthorised constructions is the government's failure to provide people with affordable houses. Acknowledging that the right to have a roof over head is a fundamental right, the top court said there is a huge gap in the policies between the requirements of the economically weaker sections and what the government was doing at the ground level. The observations by a bench of Justices Sanjiv Khanna and Dipankar Datta came while hearing a case relating to demolition of commercial and residential units in Lucknow's Akbar Nagar where it imposed an interim stay on demolitions. "Let us be clear on housing. There's a difficulty. Our urbanisation policies have flaws. Really speaking, we have not provided for economically weaker sections. Somewhere, we will have to ensure Everyone knows that migration takes place to the cities. But there is a huge gap in the policies between the ..

Tata Housing sells residential plots worth Rs 650 crore in Bengaluru

Realty firm Tata Housing has sold plots worth Rs 650 crore in its recently launched residential project in Bengaluru. In a statement, the company on Friday said it has sold all inventories in the first phase of its project, Raagam, achieving revenue of over Rs 650 crore within one week of its launch. "With 576 plots sold and a total area of 9 lakh square feet, the project's overwhelming response reflects the robust demand for premium residential offerings in Bengaluru's real estate market," it said. The project is part of township 'Tata Carnatica' in Devanahalli, North Bengaluru. Tata Housing Development Company Ltd is a subsidiary of Tata Realty and Infrastructure Ltd. Tata Housing currently has more than 33 projects with a total development potential of over 51 million square feet spread across major cities in India, Sri Lanka and Maldives. Tata and Tata Housing are registered trademarks of Tata Sons Private Ltd.

Coaching centres with over 20 students to leave residential areas: Delhi HC

The Delhi High Court on Thursday said coaching centres that have more than 20 students should move out of residential areas and operate from commercial spaces. A bench headed by Acting Chief Justice Manmohan, while hearing a petition filed by the Coaching Federation of India, observed that students "run the risk of their lives" at coaching centres operating from residential buildings that do not have the requite safety infrastructure, such as two staircases. "There must be hundreds of students attending your classes. You should not be in a residential building. Move to a commercial building," the court orally remarked. "You cannot operate from a residential area. Where students are more than 20, you must move out," the bench, also comprising Justice Manmeet P S Arora, said. The petitioner assailed before the court the inclusion of coaching centres in the definition of "educational buildings", thus requiring them to employ certain specific measures for fire safety etc. In February

India to register highest home sales since 2008 in 2023: JLL report

In the first 9 months of 2023, the highest sales were reported in the mid-segment homes, with a ticket size of Rs 50-75 lakh

PE investments in Indian real estate dip 12% to $2.3 billion in H1

The level of flows has remained below the pre-pandemic level of $4.2 billion in H1 FY20

Godrej Properties buys 109-acre land in Nagpur, to launch residential plots

Realty firm Godrej Properties Ltd on Friday said it has acquired around 109 acres of land parcel in Nagpur and will launch residential plots. In a regulatory filing, Godrej Properties informed that the development on this land will comprise primarily plotted residential units and will offer an estimated saleable area of 2.2 million square feet. The company did not disclose the deal value and the name of the seller. Gaurav Pandey, MD and CEO of Godrej Properties said the acquisition of this new land parcel further enhances the company's presence in Nagpur. With the strong revival in housing demand post-Covid pandemic, Godrej Properties has been acquiring land parcels aggressively, outrightly as well as through partnerships with land owners, to expand its business. The demand for plots has also gained momentum. Godrej Properties, an arm of business conglomerate Godrej Industries, is one of the leading real estate developers in the country. It primarily focuses on the Delhi-NCR, Mu

India recorded all-time high sales of homes between July and Sep: Anarock

The rise in demand is notable given that the average home prices in the top seven Indian cities saw a double-digit yearly growth of 11 per cent in the quarter

Sale of mid-segment homes overtakes affordable in India: Knight Frank

At the same time, since the first half of 2018, the sale of premium homes in India has gone up over 143%

Mumbai, Pune to push housing sales to all-time high this quarter: Anarock

Earlier, the peak was reached in the quarter that ended on March 31 this year with a sale of 113,780 units

TVS Emerald, Columbia Pacific to set up senior living project in Chennai

Joint venture project has a revenue potential of approximately Rs 175 crore

Demand outstrips supply to push residential rents 15.3% YoY: Magicbricks

The report also revealed that while 2BHKs continued to be the most preferred rental properties, the demand for 3BHKs grew by almost 6% QoQ, indicating an increasing preference for spacious homes

Unlike Europe, residents of Greenland switch to daylight saving time

Residents of Greenland have switched to daylight saving time and moved their clocks one hour forward this weekend for the very last time. Unlike most of Europe, Greenlanders will leave their clocks untouched come autumn when daylight saving time ends. While Europe and the U.S. debates whether to stick to the twice-yearly practice, Greenland -- a vast Danish semi-independent territory in the Arctic -- has resolved to perennially remain only three hours behind Copenhagen and most other European countries instead of four. Greenland's parliament, Inatsisartut, voted to stick to daylight saving time year-round on Nov. 24 last year. Officials say it will give Greenlanders another hour of daylight in the afternoons and more time to do business with Europe and farther afield. The shift of time zone marks an exciting new beginning, an equal connection to North America and Europe, and an opportunity to slow down in a fast-paced world, Visit Greenland, the local government's tourism office s

GST would apply if a rented residential building is sublet as hostel: AAAR

Residential properties taken on rent by families or individuals for own use exempted

Despite rate hikes, residential sales in India at 9-year high: Knight Frank

Along with the rise in sales, new home launches also rose a significant 41 per cent to 328,129 units in 2022

PE investment in real estate down 17%, inflow up in warehousing sector

According to the report, the investment volume in warehousing stood at $1.9 bn in 2022, from $1.3 bn in 2021, up 45% YoY

NCR witnesses highest YoY dip in new launches of residential units: Study

The study by the real estate consultancy firm, Anarock, said that NCR accounted for 7 per cent of the total new supply in Q3 2022 across the top seven cities.

Bengaluru fourth most expensive real estate market in India: Knight Frank

Bengaluru's affordable housing market has become more costly due to the 50 bps hike in the repo rate by the RBI

Don't turn complacent, consult experts if builder claims nods are in place

First, carry out the necessary checks of the plot on which the project stands