Sotheby’s International Realty to sell 19 ultra-luxury residences in Mumbai
India Sotheby’s International Realty, a leading luxury real estate transaction and advisory firm today announced the signing of an exclusive sales and marketing mandate with The Residency, Worli, Mumbai that houses 19 ultra-luxury residences. These residences are ready with completion…
High Court Prohibits Tree Felling for House Construction Permits
The Delhi High Court has issued a stern directive, making it crystal clear that it will not grant permission to fell trees for the purpose of house construction. This decision reiterates what the court had previously emphasized on August 31…
Property registrations in Pune up by 99% y-o-y in August
Property registrations in Pune district saw a significant increase of 99% compared to last year in August. The total value of registered properties in August 2023 was Rs 10,613 crore. According to Knight Frank India, there were 13,021 property registrations…
How MahaRera Grading System will benefit homebuyers, developers
Embedded within the core of every Indian dwells a treasured aspiration – the aspiration of possessing a home. This aspiration defies financial constraints, shining as a guiding light for individuals from diverse backgrounds. As universally recognized, the real estate sector…
Indian Real Estate Market Sees Unprecedented Surge in Mid-Housing and Premium Segment Sales
Indian real estate market has seen a remarkable upsurge in the sale of mid-segment and premium segment, with mid-segment homes increasing from 35% in the first half of 2022 to 38% this year and while premium homes have increased from…
Registration of new projects after verification of CC from June 19
The Maharashtra Real Estate Regulatory Authority (MahaRERA) will grant registrations for new projects from June 19 only after verification of commencement certificates (CCs) issued by the local authorities. The regulatory authority has made it mandatory for the local authorities to send the…
thyssenkrupp scales up its Technology Center in pune
thyssenkrupp, an internationally operating group of companies, has announced the inauguration of its new facility for Technology Center India (TCI) in Hinjawadi, Pune. The state-of-the-art facility will drive technological innovation to shape the future of engineering and manufacturing worldwide and…
MahaRERA cautions homebuyers against 308 projects facing insolvency proceedings
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has cautioned homebuyers against over 308 real estate projects in keyproperty markets including Mumbai, Navi Mumbai, Thane, Pune, and rest of Maharashtra that are facing insolvency and bankruptcy proceedings against them. Various banks,…
Bengaluru Metro Rail: Key office market impact
Bengaluru has transitioned from a cantonment to a public-sector led town, and now into a bustling metropolis over the last decade. The employment opportunities in the city has lent itself to a massive real estate growth. Over the years, Bengaluru…
Investment inflows in Indian realty rise 37%YoY in Q1 2023; Office continues to lead the rally
Institutional investments in real estate remained strong during Q1 2023 at USD1.7 Bn, led by office sector, lending an optimistic outlook for the year. The office sector continued to drive the investment inflows accounting for 55% of the total inflows…