HDFC chairman’s family buys Rs 50-crore sea-view apartment in Mumbai’s Worli – ET RealEstate

Housing Development Finance Corporation (HDFC) Chairman Deepak Parekh’s family has purchased a sea-view apartment spread over 7,450 sq ft in K Raheja Corp’s super-premium project Raheja Artesia in Mumbai’s plush Worli locality for Rs 50 crore. The deal was registered in the name of his wife Smita Parekh on March 30, just a day before […]

Net absorption in office market dips 33% at 5.53 million sq ft in Q1 2021: JLL – ET RealEstate

NEW DELHI: The overall office market in India witnessed a net absorption decrease of 33% in Q1 2021 quarter-on-quarter (Q-o-Q), with 5.53 million sq ft leased during Jan to March 2021, according to a recent report by JLL India. Bengaluru, Hyderabad and Delhi NCR accounted for nearly 80% of the net absorption during the quarter. […]

Mumbai region, Pune lead housing activity, accounts for 53% sales in top eight cities in Q1 – ET RealEstate

Property markets of Mumbai Metropolitan Region (MMR) and Pune are driving the most housing sales among the country’s top seven cities as indicated by the rising contribution of these markets in total sales led by reduction in stamp duty, discounts and appropriate product strategies of developers. MMR and Pune accounted for 53% of total sales […]

Draft coastal zone management plans get nod in Mumbai – ET RealEstate

MUMBAI: The draft Coastal Zone Management Plans (CZMP) for the city and suburbs have been approved by the Maharashtra Coastal Zone Management Authority (MCZMA). As per the minutes of the meeting, the CZMPs have been updated in line with the provisions of the Coastal Regulation Zone Notification, 2019. The draft CZMPs show the demarcation of […]

Sunny Leone’s buys Rs 16-crore apartment in Mumbai’s Andheri suburb – ET RealEstate

File photo MUMBAI: Bollywood actress Sunny Leone has bought a 4,365 sq ft apartment in Mumbai’s Andheri suburb for Rs 16 crore. The transaction attracted Rs 48 lakh stamp duty and was registered on March 28. The apartment on the 12th floor of an under-construction project Atlantis, being developed by realtor Crystal Pride Developers, will […]

Very positive demand revival in residential sector: Mohit Malhotra, Godrej Properties – ET RealEstate

People are looking to buy homes, buy larger spaces and it has an implication for us from a product development perspective. But from a demand perspective, it has led to a very positive revival for the residential sector, said Mohit Malhotra, MD & CEO, Godrej Properties. Edited excerpts: What has been your outlook on the […]

hBits to raise Rs 500 crore by December 2021 – ET RealEstate

NEW DELHI: Fractional real estate investment platform hBits has exited from its first asset giving its 21 investors an IRR of 17.54 per cent, Shiv Parekh, founder of hBits told ET. The company has sold the 5,900 sq ft of prime office space in Mumbai at Rs 8 crore. The company is in talk to […]

Reliance Infrastructure sell Reliance Centre to YES Bank for Rs 1,200 crore – ET RealEstate

MUMBAI: Reliance Infrastructure Limited and YES Bank Limited announced a sale transaction of Reliance Centre, Santacruz, Mumbai to YES Bank. The transaction value is Rs1,200 crore. Entire proceeds from the sale of Reliance Centre, Santacruz is utilized only to repay the debt of YES Bank. Reliance infrastructure limited has reduced its exposure by 50 per […]

Mumbai region unsold housing stock eases 8% in Q1, highest drop in 7 years – ET RealEstate

Mumbai Metropolitan Region (MMR) has emerged as one of the most buoyant residential property markets in the country in the first quarter of 2021 with seven-year high decline in unsold units led by sales momentum despite new launches, showed data from Anarock Property Consultants. The Mumbai region including the country’s financial capital and neighbouring Thane […]

Residential sales recover over 90% to pre-covid levels in Q1 2021: Report – ET RealEstate

NEW DELHI: Residential sales in Jan-March 2021 recovered to more than 90% of the volumes witnessed in Q1 2020 across the top seven cities, according to a recent report by JLL. The cities including Chennai, Hyderabad, Kolkata, and Pune surpassed the sales volumes of Q1 2020. Mumbai has consistently been the largest contributor to sales […]