GRAP 3 in Delhi-NCR: Real estate developers urge site-specific curbs, say blanket construction ban risks project delays

With Delhi’s air quality remaining in the ‘severe’ category for the third straight day, the Commission for Air Quality Management (CAQM) has enforced GRAP Stage III restrictions to curb pollution. These include a ban on construction and demolition activities to address the severe pollution levels in the Delhi-NCR region. Delhi-NCR GRAP III curbs: Real estate […]

Bengaluru real estate: Property owners say e-Khata process remains riddled with delays and paperwork

For many Bengaluru property owners, updating property records to the government’s new e-Khata system has proven to be far more difficult and expensive than initially advertised. In reality, the process involves extensive paperwork, multiple office visits, and, in many cases, hiring an agent who charges a fee based on the office location, locality, and the […]

NRI property guide: Everything you need to know before investing in real estate back home

Rajesh Desai, an NRI, purchased an apartment in Bengaluru for ₹1.5 crore. He complied with Foreign Exchange Management Act (FEMA) rules by making payments through his Non-Resident External (NRE) account. Since the transaction involved a resident seller and exceeded ₹50 lakh, 1% Tax Deducted at Source (TDS) was deducted. RBI approval was not required, as […]

Mumbai real estate: Qatar National Bank renews 8,079 sq ft BKC lease for ₹63 lakh monthly rent

Qatar National Bank Q.P.S.C has renewed its 8,079 sq ft office space lease at Maker Maxity in Mumbai’s costliest commercial district, Bandra Kurla Complex (BKC), at a starting monthly rent of ₹62.6 lakh, according to documents accessed by Propstack. Qatar National Bank has renewed its 8,079 sq ft lease at Maker Maxity in Mumbai’s BKC […]

Bengaluru real estate: Techies become cautious about homeownership amid layoffs and AI disruption

As Bengaluru’s once-thriving IT workforce grapples with layoffs, the rise of Artificial Intelligence, and weakening global demand, the dream of homeownership is being replaced by caution and fear. Even a sharp price correction may not be enough to draw tech professionals back into the housing market, according to prospective buyers and Reddit users. As Bengaluru’s […]

Should clean air command higher property prices? Experts divided on linking real estate values to AQI

As winter sets in, Delhi-NCR’s air quality continues to deteriorate, raising questions about whether AQI levels should influence property prices. On November 4, there was little respite from pollution, with the region’s overall Air Quality Index (AQI) at 311 categorised as ‘very poor.’ According to data from the Central Pollution Control Board’s (CPCB) Sameer app, […]

India’s real estate market yet to enter ‘takeoff phase’, says Abhishek Lodha

Mumbai-based listed real estate developer, Lodha Developers’ CEO and MD, Abhishek Lodha, has said that India’s real estate market is “still on the runway, it hasn’t reached the takeoff phase yet” and is only beginning to gain momentum. Abhishek Lodha, CEO and MD of Lodha Developers, said, “We (India’s real estate market) are still sort […]

Do real estate projects that begin sales and marketing only after obtaining an OC require RERA registration?

Rahul Sharma (name changed), a 30-year-old prospective homebuyer, recently visited a completed apartment project. During his visit, he noticed that the project did not display a Real Estate Regulatory Authority (RERA) registration number. When he inquired, the developer explained that no RERA registration was obtained because the project was neither marketed nor sold before receiving […]