Real estate developers face tough market conditions with low sales and high inventory, according to experts and recent data from Colliers India and Cushman & Wakefield.
Actor Ranbir Kapoor reportedly purchased a Pali Hill apartment for ₹35 crore, significantly above the market value of ₹11 crore. The 2,460 sq ft flat boasts luxurious amenities.
The public Housing Finance firm has acted against Orbit Corporation and Unitech for loan defaults, taking possession of properties and issuing notices for repayments.
Prime Mumbai properties maintain value despite falling rentals, with landmark buildings like Cadbury House and Citi Centre changing hands. Investors favor leased properties with strong track records, impacting even suburban markets.
Supreme Court restricts Sahara's Subrata Roy from flying abroad and selling properties, citing undervalued assets in OFCD refund case.
BMC explores reclaiming part of Campa Cola premises due to illegal construction by the developer without proper approval. The land's use change and costs pose challenges.
Campa Cola residents refuse to vacate illegal flats, defying Supreme Court's deadline. Civic officials prepare for demolition amidst resident resistance.
Pune real estate has seen significant price growth since 2011, but sales have recently slowed. It remains more affordable than Mumbai and NCR, supporting its market.
Parliament Panel slams Defence Ministry & State Govt over Adarsh Housing Society scam, citing rule-bending and personal gain by top officials.
Mumbai's rental values dipped slightly in Q3 2023, with Lower Parel, Thane, and Navi Mumbai seeing the most leasing activity. Key business districts witnessed a decline in commercial leasing.
Mumbai commercial realty outperforms NCR, offering higher investment returns, according to Knight Frank. This is attributed to favorable business conditions, talent access, and connectivity.
Cadbury India to sell Mumbai HQ for Rs.450 Cr, citing need for better facilities
IIFL to raise 2 new real estate funds for residential & office space projects
Bangalore witnesses a surge in high-rise apartment developments, transforming the city's skyline with upcoming projects like Sobha Indraprastha and Mantri DSK Pinnacle.
Mumbai property rates soar 66% in four years due to land scarcity and limited supply, defying expert predictions of price correction.
Blackstone is reportedly interested in acquiring Express Tower in Mumbai, with potential investments totaling over ₹850 crore as it diversifies into the commercial sector.
Developers in Mumbai are slashing prices for new launches by up to 15% to stimulate home sales amid sluggish market conditions, aiming to attract buyers.
Mumbai's residential property prices have increased by 2.9% to Rs. 11,626 per sq. ft. However, property sales have slowed down, with only a marginal increase of 1%.
Meydan Group and Lodha Developers Ltd will collaborate to develop a $5.7 billion residential project in Dubai's Mohammad Bin Rashid City, featuring 1,500 homes and various amenities.
Vacancy rates in Indian shopping malls are on the rise, particularly in Delhi-NCR and Mumbai. Experts attribute this to an oversupply and mismatch with demand.
New project launches in Mumbai have significantly declined in Q1 2013 compared to Q4 2012, attributed to weak home sales and cautious developer strategies.
Essel Financial Services Ltd's private equity wing is set to launch a Rs.1000 Cr real estate fund focusing on residential projects across top cities in India.
The MCHI-CREDAI Property Expo 2013 in Mumbai has seen a huge turnout of buyers, indicating robust interest despite market challenges, showcasing over 15,000 properties.
Oracle India signs lease for 50,000 sq. ft. office space in Bandra Kurla Complex, Mumbai, at Rs. 340/sq. ft. for 9 years, valued at Rs. 183.6 Cr.
Bangalore and Mumbai dominate private equity real estate investments in India, attracting over 84% of total funding, while Delhi's contributions remain primarily theoretical.