16 Nov 2022

The famous Air India Building located in Nariman Point, Mumbai has few takers. The building was first handed over in 1970 on a 99-lease by the state to the then government-controlled airlines. In February 2013, as part of its asset-monetisation strategy, Air India relocated its corporate headquarters to New Delhi and vacated the property. Even though Air India requested bids for the sale of the 23-story structure in 2018, so far there are no takers. To revive talks, the bid has now been raised to 1,600 crore rupees.Read more

16 Nov 2022

Earlier this month, the C Ward of the Brihanmumbai Municipal Corporation (BMC) lifted the stop-work notice issued against the Bhendi Bazar redevelopment project, allowing work to restart after a hiatus of over two months. The notice was first issued on the behest of deputy CM Devendra Fadnavis who requested an investigation into reports that the Saifee Burhani Upliftment Trust, which is carrying out the project, had altered the original designs, removed certain roads and changed the widths of certain highways and roadways. The same complaints were investigated in December 2021 by then acting deputy speak Narhari Zirwal, who had given the Trust a clean chit.Read more

15 Nov 2022

In an announcement made at the annual ‘NATCON 2022’ event in YAS Island, Abu Dhabi, the Confederation of Real Estate Developers’ Association (CREDAI) has committed to collaborating with HDFC Capital to facilitate an investment of INR 5,000-10,000 crore rupees for affordable housing in non-metro cities such as Lucknow, Jaipur, Ahmedabad, Indore, Bhubaneswar etc. Additionally, the body claimed that over 13,000 member developers have taken a pledge to become 100 percent carbon neutral by 2050.Read more

14 Nov 2022

The real estate industry is witnessing a new wave of consolidation, as several large and listed companies look towards it as a means to improve liquidity and revenue generation. The current market demands reflect the homebuyers sentiment and frustration with regard to delayed deliveries and a lack of trust with new entities. By taking over smaller companies, larger entities are being able to stabilize bond yields and ensure timely delivery on account of improved liquidity.Read more

11 Nov 2022

The picturesque state of Goa in India is witnessing a boom in tenancy. Rentals for properties in popular destinations have risen by 25-30% in some cases, with the future looking even brighter. As per reports released by Savills India, rent and occupancy have climbed to as much as 8% p.a. in certain micro markets, an enormous difference from the country's average of 1.5-3%. Developers are cashing in by creating gated communities and properties to suit the growing needs.Read more

04 Nov 2022

The largest mortgage lender in India, Housing Development Finance Corp, announced a 17.8% increase in second-quarter earnings on Thursday, helped by high house loan demand. Their profit increased from 37.81 billion Indian rupees a year earlier to 44.54 billion rupees ($537.2 million) in Q2 which ended on September 30. The interest revenue for HDFC increased by 24% to 131.43 billion rupees during the quarter.Read more

04 Nov 2022

The covid pandemic has been bittersweet for the Rajasthan Housing Board. A department plagued by financial woes was finally able to regain revenue through selling ready unsold inventory built up over the last couple of years. They made a staggering  2378 crore rupees in 2021–2022, up from a little over 100 crore rupees in 2018–2019, primarily from the sale of more than 16000 residential units and nearly 3000 shops throughout the state.Read more

01 Jan 1970

The All-India House Price Index (HPI), released by the Reserve Bank, registered an annual increase of 3.1% during the January�March quarter of FY 2024�25. This mirrored the growth rate of the preceding quarter, though lower than the 4.1% rise recorded a year earlier. Based on transaction data from ten major cities, the HPI exhibited significant regional disparities: Kolkata saw the steepest annual increase at 8.8%, whereas Kochi experienced a contraction of 2.3%. Every quarter, the national index rose by 0.9%, with cities like Bengaluru, Jaipur, Kolkata, and Chennai showing notable gains.Read more

01 Jan 1970

The All-India House Price Index (HPI), released by the Reserve Bank, registered an annual increase of 3.1% during the January�March quarter of FY 2024�25. This mirrored the growth rate of the preceding quarter, though lower than the 4.1% rise recorded a year earlier. Based on transaction data from ten major cities, the HPI exhibited significant regional disparities: Kolkata saw the steepest annual increase at 8.8%, whereas Kochi experienced a contraction of 2.3%. Every quarter, the national index rose by 0.9%, with cities like Bengaluru, Jaipur, Kolkata, and Chennai showing notable gains.Read more

01 Jan 1970

The third edition of the Bengaluru Retail Summit, organised by the Retailers Association of India, brought together top industry voices to explore the future of retail amid a rapidly evolving market. Held in Bengaluru, the event focused on how innovation and technology are reshaping retail strategies, especially in a city known for tech-forward consumers and deep cultural roots. Key sessions revolved around omnichannel trends, digital integration, consumer behaviour, and retail transformation, with participation from leaders across Amazon India, Reliance Retail, Zivame, SNITCH, Amant� India, and Lifestyle International, among many others.Read more