Gurugram-based Smartworld Developers has announced its foray into Noida with the acquisition of a roughly 6-acre land parcel in Sector 98, where it plans to launch a mixed-use development comprising branded residences, high-street retail and serviced homes. The land, located along the Noida Expressway, was secured through an auction for ₹414 crore, and the project’s […]
The RBI’s 25-basis-point repo rate cut to 5.25% is expected to make advances, including home loans, more affordable, offering timely year-end relief for homebuyers as high property prices persist. Real estate experts say the move could draw first-time, affordable, and mid-market buyers back into the market. Its true impact, however, hinges on the speed and […]
The Maharashtra Real Estate Appellate Tribunal (MREAT) has directed Marathon Group’s Sanvo Resorts Pvt Ltd to pay interest to a homebuyer for the delayed possession of an apartment in its Marathon Nextzone project in Panvel, near the upcoming Navi Mumbai International Airport (NMIA). Delayed possession: Maharashtra Real Estate Appellate Tribunal (MREAT) has directed Marathon Group’s […]
MUMBAI: The Kasturba Marg Police on Wednesday arrested a father–son builder duo accused of duping several homebuyers of crores of rupees by luring them into purchasing flats and plots that were never delivered. Father-son builder duo arrested after allegedly duping homebuyers of crores of rupees The accused, Ashok Jethwa, 55, and his son Mihir Jethwa, […]
New Delhi DDA has recently launched the 2-BHK flats in Karkardooma Towering Heights, as part of the city’s first transit-oriented development (TOD) site. (HT archive) The Delhi Development Authority (DDA) currently holds 34,052 unsold flats across the Capital, including 31,487 unsold units in Narela alone, according to a written reply tabled in the Parliament on […]
Brigade Enterprises Ltd has acquired a 4.04-acre land parcel in Neopolis Phase 3, Hyderabad, for about ₹118 crore per acre through an auction conducted by the Hyderabad Metropolitan Development Authority, the company said in a statement on Dec 4. Brigade Enterprises Ltd has acquired a 4.04-acre land parcel in Neopolis Phase 3, Hyderabad, for about […]
Smartworks Coworking Spaces Limited, a leading managed office platform by total area under management, has leased approximately 1.68 lakh sq ft in Kolkata to a global information technology, consulting, and business process services provider, the company said in a statement. Smartworks Coworking Spaces Limited has leased approximately 1.68 lakh sq ft in Kolkata to an […]
Singer Sonu Nigam has leased out a property in Mumbai’s Santacruz East for five years at a total rent of over ₹12.61 crore, according to property registration documents. Mumbai real estate update: Singer Sonu Nigam has leased out a property in Mumbai’s Santacruz East for five years at a total rent of over ₹12.61 crore. […]
Across India. from Bengaluru’s tech corridors to Delhi’s power hubs, Worli alone accounts for nearly half of all residential transactions above ₹40 crore. The neighbourhood’s concentration of wealth is evident: in just two years, more than 30 homes priced above ₹40 crore each were sold, totalling over ₹5,500 crore and resetting India’s luxury real estate […]
Three years after a cave in at Chintels Paradiso project in sector 109, the Haryana real estate regulatory authority (HRERA), Gurugram, on Wednesday said it had directed Chintels India Ltd to refund ₹1.70 crore, with an annual interest of 10.85%, to a flat owner who had filed a complaint against the developer. The order has […]
