Page 3 - Property

Office leasing in 7 cities falls 48% in January-March, says report

Net leasing of office space fell 48 per cent during January-March across seven cities due to the COVID-19 pandemic, but demand for the flexible space from corporates has increased, according to Cushman & Wakefield. In its latest quarterly report, property consultant Cushman & Wakefield said the net leasing of office space declined to 35,78,585 sq ft in January-March 2021 from 69,31,922 sq ft in the corresponding period of the previous year across seven major cities. The flexible space leased by corporate clients increased to 15,523 seats during the first quarter of this calendar year from 10,690 seats in the year-ago period. "A sharp jump indicates that occupiers are relying on managed space as a smart alternative in the current situation," it said. According to the data, the net leasing of office space in Mumbai plunged to 2,01,642 sq ft during January-March 2021, from 8,82,693 sq ft in the corresponding period last year. In Delhi-NCR, the net office absorption fell to ...

Maharashtra govt to reinstate 5% stamp duty on property registrations

The Maharashtra government on Wednesday decided not to extend the two per cent stamp duty waiver on property registrations from April

Average apartment sizes in top 7 cities grew 10% in 2020, says study

"A fairly sudden change in consumer preferences against the backdrop of Covid-19 exigencies in 2020 first halted, then reversed the 'honey, I shrunk the flat' effect," the report said

Is that to-die-for real estate deal being offered on inflated prices?

Before rushing into these schemes, find out the benchmark price of similar properties in the area

PM Modi to launch physical distribution of property cards on Sunday

PM Modi will launch the physical distribution of property cards under 'SVAMITVA' scheme on Oct 11 via video conferencing, PMO said, describing it as "a historic move set to transform rural India"

Rents for premium properties will remain robust: Amit Diwan of Hines India

In a Q&A, the country head and MD of Hines India says housing projects by good developers are doing well despite the pandemic and lockdown

Millennials go beyond London, New York for luxury realty shopping

Young HNIs are buying properties in foreign locations like Malta, Madrid, and Budapest

Hong Kong: Even violent unrest fails to dampen the city's property demand

Just a five-minute drive from Admiralty, tensions ran high as thousands of black-clad demonstrators gathered in Victoria Park chanting anti-government slogans

HC seeks Centre, Delhi govt response on plea to link property with Aadhaar

A bench of Chief Justice D N Patel and Justice C Hari Shankar issued notices to the Central and Delhi government on the petition and listed the matter for further hearing on October 15

Buying property is more affordable now than anytime in the past 5 years

During the current slowdown, many buyers have also been sitting on the fence saving up for their purchase and waiting for the right opportunity to buy.

Investing in property? Commercial is costlier, but delivers better returns

Investors can earn a steady 7-9 per cent rental yield in this segment, compared to only 2-3 per cent in residential

Selling property? Expect a letter from the income tax department

The government can seek additional details from sellers, such as sources of funds while buying