Residential Units

Demand outstrips supply to push residential rents 15.3% YoY: Magicbricks

The report also revealed that while 2BHKs continued to be the most preferred rental properties, the demand for 3BHKs grew by almost 6% QoQ, indicating an increasing preference for spacious homes

Unlike Europe, residents of Greenland switch to daylight saving time

Residents of Greenland have switched to daylight saving time and moved their clocks one hour forward this weekend for the very last time. Unlike most of Europe, Greenlanders will leave their clocks untouched come autumn when daylight saving time ends. While Europe and the U.S. debates whether to stick to the twice-yearly practice, Greenland -- a vast Danish semi-independent territory in the Arctic -- has resolved to perennially remain only three hours behind Copenhagen and most other European countries instead of four. Greenland's parliament, Inatsisartut, voted to stick to daylight saving time year-round on Nov. 24 last year. Officials say it will give Greenlanders another hour of daylight in the afternoons and more time to do business with Europe and farther afield. The shift of time zone marks an exciting new beginning, an equal connection to North America and Europe, and an opportunity to slow down in a fast-paced world, Visit Greenland, the local government's tourism office s

GST would apply if a rented residential building is sublet as hostel: AAAR

Residential properties taken on rent by families or individuals for own use exempted

Despite rate hikes, residential sales in India at 9-year high: Knight Frank

Along with the rise in sales, new home launches also rose a significant 41 per cent to 328,129 units in 2022

PE investment in real estate down 17%, inflow up in warehousing sector

According to the report, the investment volume in warehousing stood at $1.9 bn in 2022, from $1.3 bn in 2021, up 45% YoY

NCR witnesses highest YoY dip in new launches of residential units: Study

The study by the real estate consultancy firm, Anarock, said that NCR accounted for 7 per cent of the total new supply in Q3 2022 across the top seven cities.

Bengaluru fourth most expensive real estate market in India: Knight Frank

Bengaluru's affordable housing market has become more costly due to the 50 bps hike in the repo rate by the RBI

Don't turn complacent, consult experts if builder claims nods are in place

First, carry out the necessary checks of the plot on which the project stands

No GST on residential premises if rented out for personal use: Govt

The government dismissed media reports which claimed that there is an 18 per cent Goods and Services Tax (GST) on house rent paid by tenants.

Understanding capital gains tax exemption under Section 54

Taxes are levied on earnings made from sale of residential property as well. It is known as capital gains tax. But did you know that in some cases you can save yourself from this tax? Find out how

After a decade, DLF gears up to re-enter Chennai's residential space

Realtor lines up plotted development in OMR, premium high-rise in Central Chennai and another project in Sriperumbudur

Registration of homes in Mumbai city down 26% in Jan to 7,732 units: Report

Registration of residential properties in Mumbai municipal area fell 26 per cent on an annual basis to 7,732 units due to restrictions on movements to curb the spread of the coronavirus pandemic

Residential plot prices appreciates 7% annually since 2015: Report

Prices of residential plots across eight major cities have appreciated by an average of 7 per cent annually since 2015, while rates of apartments increased by 2 per cent

Shapoorji Pallonji's Joyville to invest Rs 300 cr to build 750 apartments

On operational performance, Mahadevan said the company has clocked a nearly three-fold jump in its sales booking at Rs 450 crore during the first half of this fiscal year.

Godrej Properties to develop 1.5 mn sq ft project in Bengaluru

Realty firm Godrej Properties Ltd on Friday said it has bought a 16-acre land parcel in Bengaluru to develop primarily residential properties, as part of its strategy to expand business in major cities. The company did not disclose the deal value as well as the name of the seller. In a regulatory filing, Godrej Properties, which is one of the country's leading real estate developers, informed that it has purchased a land measuring approximately 16 acres at a strategically located and fastest developing micro-market of Sarjapur to develop a mid-income project. The project is estimated to have a developable potential of about 1.5 million square feet saleable area, comprising primarily residential apartments of various configurations. Sarjapur is one of the most preferred residential locations in Bengaluru and also has excellent connectivity to the IT/ITES belt at Bellandur on Outer Ring Road and several key hubs of the city. Mohit Malhotra, MD & CEO, Godrej Properties, said, ...

Q2 bookings, launches to maintain sales momentum for Oberoi Realty

Sharp run in stock prices over the past three months, however, caps near term upside

Strides will get bigger on the home run

Backed by economic revival, record low interest rates and stable prices, India's residential real estate market is set to see growing demand

Covid-19 hit India's residential market harder than US and Brazil

Average home prices in India, however, fell on a year-on-year (YoY) and quarter-on-quarter (QoQ) basis during the June quarter

India ranks 54th in housing prices appreciation; rates fall 0.5% in Jun qtr

India ranks 54th out of 55 countries globally in the housing prices index as rates of residential properties fell marginally by 0.5 per cent year-on-year during the quarter ended June

Deals or distress: Realtors expect 25-30% jump in sales this festive season

Home sales grew 67 per cent in the first half of 2021 due to growth in markets like Pune and Mumbai