Page 3 - Properties

Nearly 50% homebuyers expect property prices to increase: Report

Services activity, hiring and stable unemployment rate helping consumer confidence, it says

E-registration of property promises freedom from long queues, touts

However, the procedure is currently limited only to primary sales in Maharashtra

Tier-II Indian cities emerge as major realty growth engines: PropEquity

Report by the firm cites surge in absorption and supply of quality residential properties across price brackets in Ahmedabad, Vadodara, Nashik, Gandhi Nagar and Jaipur

Sebi to auction properties of Royal Twinkle, Citrus Check Inns on July 15

Capital markets regulator Sebi on Friday said it has lined up as many as 39 properties of Royal Twinkle Star Club Pvt Ltd and Citrus Check Inns Ltd for an auction on July 15 at a reserve price of Rs 66.51 crore. The move is part of Sebi's effort to recover funds worth thousands of crores of rupees raised by the companies. In a notice, the Securities and Exchange Board of India (Sebi) said the auction will be conducted between 11 am to 1 pm on July 15, 2022. The properties to go under the hammer include office premises, residential flats, land parcel, shops, land & buildings located in Gujarat, Maharashtra, Goa, Daman, and Dadra and Nagar Haveli. From November 2019 to March 2022, more than 266 properties were auctioned at a reserve price of Rs 1,297 crore. The move came after a Supreme Court order in December 2019, which directed the sale-cum-monitoring committee, headed by retired Justice J P Devdhar, to proceed with the sale of 114 properties of the companies within six ...

Registration of properties in Mumbai city up 78% in May at 9,523 units

Registration of properties in Mumbai municipal area rose by 78 per cent year-on-year to 9,523 units during this month, according to property consultant Knight Frank India. As many as 5,360 properties were registered in Mumbai city (BMC area) during May 2021. The registration data is for properties bought in both primary and secondary (re-sale) market. "May 2022 recorded property sale registration of 9,523 units denoting a 78 per cent Y-o-Y rise. The substantial rise comes on the back of low sales registrations recorded in May 2021 as the month was laced in lockdown due the impact of 2nd wave of Covid-19," Knight Frank said in a statement. Shishir Baijal, Chairman & Managing Director, Knight Frank India said the real estate market in Mumbai held steady despite the pressures of inflation, rising input costs and rise in stamp duty. "Owing to a paradigm shift in attitude, home buyers, that now consider ownership important for long term stability, were keen on completing their ...

Wyndham Hotels and Resorts to double its India properties by 2025

Govt's infra push and a buoyant domestic demand to boost hospitality sector, says the Wyndham's EMEA region head

Daughters entitled to inherit fathers' properties, get preference: SC

The Supreme Court on Thursday said the daughters of a male Hindu, dying intestate, would be entitled to inherit the self-acquired and other properties obtained in the partition by the father

Over 75% HNIs want to buy over Rs 5 cr properties in 2 years: Survey

Around 75 per cent wealthy people will look to buy luxury properties, worth more than Rs 5 crore, over the next two years in big cities as well as holiday destinations, according to a survey. India Sotheby's International Realty, one of the leading brokerage firms in luxury real estate space, has conducted a survey of over 200 HNIs (High Net worth Individuals) and ultra-HNIs to gauge the mood of the luxury real estate buyers across India's top 8 cities/regions -- Delhi-NCR, Mumbai, Kolkata, Bengaluru, Hyderabad, Pune, Chennai, and Goa. "An overwhelming 76 per cent respondents said they would look to buy real estate in the coming two years," according to the report 'Luxury Housing Outlook-2022'. This signals a very strong turnaround in sentiments for real estate amongst the wealthy in India, it added. Out of the 76 per cent wanting to buy real estate, 89 per cent would prefer luxury homes (city apartments, city bungalows and holiday homes), while the rest 11 per cent prefer premium

Joyville sales bookings jump three-times to Rs 450 cr in April-September

Business conglomerate Shapoorji Pallonji's housing platform Joyville has clocked nearly three-fold jump in its sales booking at Rs 450 crore during the first half of this fiscal year on strong demand for mid-income residential properties, a top company official said. Joyville, which is a Rs 1,240 crore platform established by Shapoorji Pallonji, ADB, IFC and Actis, had sold properties worth Rs 160 crore in the corresponding period of the last fiscal year. In an interview with PTI, Joyville Shapoorji Housing Managing Director Sriram Mahadevan said, "the real estate market is doing well because of improved market sentiments driven by progress in the vaccination programme." Moreover, COVID-19 cases have also come down significantly, he added. "We have sold over 700 apartments for around Rs 450 crore in the first six months of this financial year. The sales bookings have grown almost three times compared to the year-ago period," Mahadevan told PTI. Sales have been good in all four cit

Sebi to auction properties of Royal Twinkle, Citrus Check Inns on Sep 25

Capital markets regulator Sebi has lined up as many as 97 properties of Royal Twinkle Star Club and Citrus Check Inns for auction on September 25 at a reserve price of over Rs 350 crore.

Amid Covid, Mumbai sees 10-year high in property registrations in July

Normally, properties need to be registered within three months of the purchase

Delhi govt initiates process of revising circle rates of properties

The Delhi government has started the process for revising the circle rates of properties, seeking feedback from public, officials said on Monday.

Las Vegas Sands sells Vegas properties for about $6.25 billion

The properties being sold by the casino operator include the Venetian Resort Las Vegas and the Sands Expo and Convention Center.

Centre, states can't have indefinite right over properties of citizens: SC

The Supreme Court on Tuesday ruled that the Centre and state governments cannot have an indefinite or overriding right to continue occupying citizens' properties after acquiring them

Average prices of prime properties in Delhi up 4% in July-September: Report

Seoul was the weakest-performing global city in the year till September

Buying auctioned properties: Take a step back and research on legal issues

But one can do reasonable amount of groundwork, and take help from a seasoned lawyer

Mumbai's Tardeo most expensive luxury residential location in India: Report

Tardeo in Mumbai has emerged as the costliest location, followed by Worli and Mahalakshmi, which command a price of Rs 41,500 and Rs 40,000 per sq. ft. respectively.

Odisha portal unveils first ever rating system for properties

Gharabari.com aims at mitigating the risk factor for the customers while buying properties