Tag Archives: real estate

Pune's real estate market has witnessed a remarkable surge in property registrations, with the number reaching 17,570 in February 2024. This marks a substantial 23% increase compared to the previous year, according to data released by the Maharashtra government’s Department of Registrations and Stamps (IGR). Alongside this surge, stamp duty collections soared to ₹620 crore for the month, reflecting a robust 20% year-on-year rise.

Renowned industrialist Uday Kotak's comments on a recent real estate development in New York City have sparked discussions about property values and market dynamics, particularly in comparison to Mumbai's upscale Bandra Kurla Complex (BKC).

Nikhil Kamath, co-founder of Zerodha, has revealed his preference for renting homes over purchasing them, citing what he perceives as exorbitant real estate valuations. In a podcast conversation in October, Kamath expressed his reluctance to invest in real estate at current prices, describing them as "ridiculous and retarded" given prevailing interest rates.

In a strategic move to capitalize on burgeoning opportunities in Chennai's real estate and hospitality sectors, Brigade Enterprises Ltd, a Bengaluru-based real estate developer, has announced ambitious expansion plans. The company revealed its intention to make Chennai its second largest market after Bengaluru, signaling a significant shift in its growth trajectory.

London's skyline is poised for a significant transformation as the iconic BT Tower, a symbol of the city's architectural heritage, is set to undergo a remarkable metamorphosis into a hotel following its sale to MCR Hotels for a staggering £275 million.

Godrej Properties Limited (GPL), a prominent player in the Indian real estate sector, has announced its acquisition of approximately 12.5 acres of prime land in Rajendra Nagar, Hyderabad. The strategic location of this land parcel, coupled with its high potential for development, marks a significant move for the company as it strengthens its foothold in one of the fastest-growing residential real estate markets in the country.

In the dynamic landscape of Pune's real estate, Pune Property Investor has emerged as a standout success story over the past year. This period has been characterized by significant financial accomplishments and a notable expansion from a humble four-member team to a robust unit of 40 professionals, solidifying the company's presence in the market.

In a surprising twist for apartment hunters in Bengaluru, a post about an individual who found a rental flat within a day is making waves on the internet. This "anti-peak Bengaluru moment" has garnered a flurry of reactions, showcasing a rare success story in the city's competitive real estate market.

The Bombay Dyeing and Manufacturing Company (BDMC) has approved the sale of 22 acres of land in Worli, Mumbai, to Sumitomo Group's subsidiary, Goisu Realty, for Rs 5,200 crore. This strategic move aligns with BDMC's focus on realty business for future growth and profitability.

Avenue Supermarts Ltd, the parent company of the popular D’Mart supermarket chain, has made a significant real estate acquisition in Mumbai. The company purchased three floors of retail space in a 31-storey residential building located in Kandivali West for a total of ₹88.74 crore. This transaction, finalized on August 24, includes 45,876.92 square feet of space on the ground, first, and second floors of Gauri Residency in Kandivali’s Babrekar Nagar.