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Avenue Supermart buys retail space in Mumbai's Chembur for Rs 113 crore
Publish on : 2021-04-09 14:50:12
Avenue Supermarts, the company that formally owns the retail chain, has paid stamp duty charges worth Rs 2.26 crore for the transaction concluded recently. Billionaire Radhakishan Damani’s retail chain DMart has bought two floors spread over 39,000 sq ft in realty developer Wadhwa Group’s under-c...
D'Mart founder Radhakrishna Damani picks up Malabar Hill property for Rs 1,001 crore
Publish on : 2021-04-09 14:47:27
Damani ranks as the eighth richest Indian with a net worth of $14.5 billion, as per the Hurun India Rich List, 2021. MUMBAI: Investor and founder of D'Mart retail chain, Radhakrishna Damani, and his brother, Gopikishna Damani, have bought a two-storey building in south Mumbai for a whopping Rs 1,...
Maharashtra: Slot-booking mandatory for property registration in April
Publish on : 2021-04-09 14:33:19
The slot-booking process would ensure that each of the 519 registration offices in the state carry out a maximum of 25-30 registrations daily, indicating a sharp decline in the government’s revenue in the first month of the new financial year. PUNE: Citizens planning to register their properties...
Allow us to run with 50% staff: Architects to Maharashtra CM
Publish on : 2021-04-08 20:26:27
Architect Harshad More said construction sites are allowed to operate, but if no drawings, plans and designs are received, work will be hit, which the industry cannot afford at this stage. MUMBAI: The Practising Engineers, Architects and Town Planners Association (PEATA) has urged the government...
Mumbai region, Pune lead housing activity, accounts for 53% sales in top eight cities in Q1
Publish on : 2021-04-08 19:24:48
The Delhi-National Capital Region, on the other hand has continued to pay the price of inordinate project delays and unfavourable consumer sentiments, while the southern markets remained end-user driven and thus maintained an even keel, with developers focusing squarely on consumer demand. Proper...
Builders urge Maharashtra government to review, ease lockdown rules
Publish on : 2021-04-08 19:23:15
The Builders Association of India said the builders are expected to face challenges to meet the condition on vaccination of workers because most construction workers were below the minimum age of 45 years set for the inoculation. Property developers in Maharashtra have urged the state government...
Net absorption in office market dips 33% at 5.53 million sq ft in Q1 2021: JLL
Publish on : 2021-04-08 19:21:35
New completions during Q1 2021 were recorded at 13.43 million sq ft, a marginal increase of 5% q-o-q. NEW DELHI: The overall office market in India witnessed a net absorption decrease of 33% in Q1 2021 quarter-on-quarter (Q-o-Q), with 5.53 million sq ft leased during Jan to March 2021, according...
Mumbai region, Pune, Bengaluru top three cities for property investment: Report
Publish on : 2021-03-24 11:52:01
Interestingly, Bengaluru and Pune have, respectively, also been declared the top two most liveable cities of India in the recent Ease of Living Index published by the Ministry of Housing and Urban Affairs (MoHUA). Mumbai Metropolitan Region (MMR), Pune and Bangalore have emerged as the top three...
Navi Mumbai residential launches witness 5% increase in flat sizes in H2 2020: Report
Publish on : 2021-03-24 11:50:58
The city registered residential sales of 2,384 units in the second half of 2020 and new launches at 2,860 units during the period. Home sales in MMR witnessed a rise of 10.39% YoY to 30,041 units in H2 2020 and new launches saw a decline of 25.26% YoY to 26,904 units. In the backdrop of rising de...
Mumbai has the highest construction cost among top six metros: Report
Publish on : 2021-03-24 11:49:08
Hyderabad and Chennai, on the other hand, have the lowest average construction costs where costs are about 14% lesser than Mumbai. NEW DELHI: Mumbai has the highest construction cost among the six metros in India, according to a recent report by JLL India. The cost of construction in Mumbai is on...

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