General

India's real estate sector witnessed a change of perception of living after the pandemic struck globally; the sector rose up to the occasion and came up with projects that are changing the way people live.

As the world adapts to the 'new normal, residential real estate is bound to witness the onset of new demand trends. The Covid-19 pandemic reinforced the need to own a home as a safe haven.

At least 53% will buy properties in India in the coming months for self-use, while 47% will consider buying for investment.

Amid the coronavirus pandemic, real estate has once again emerged as the safest investment option. For Indians, owning a home has been traditionally considered a matter of prestige as well as safety.

The redevelopment of the Motilal Nagar colony in Goregaon, which houses around 3,700 families, is expected to generate 33,000 additional homes in Mumbai

Pune real estate has clocked sales of around 53,000 housing units in the period between January and July 2021 as compared to about 49,000 housing units between January and July 2019 indicating an almost 8% growth.

Oberoi Realty Ltd on Thursday reported over two-fold jump in its sales bookings at Rs 828.52 crore for the quarter ended September on improved housing demand driven by low mortgage rates.

Many luxury real estate developers are working with luxury brands to deliver some remarkable living experiences to attract home buyers who are ready to pay a premium for such real estate products too.

Property tax or house tax is the amount that the property owners have to pay either to the area's municipal corporation or local government. The owners of all the tangible real estate properties (residential or commercial) like offices, houses, buildings, etc.

More than 7,500 property deals were registered in Mumbai in September 2021 (as of September 29) which is an almost 11 percent increase month-on-month (MoM) compared to August 2021, according to data from the Inspector General of Registration (IGR), Maharashtra, available until September 29.

The body is asking the ministry for prompt action for the benefit of the real estate sector and home buyers.

Walton Street BlackSoil Real Estate Debt Fund II (WSBREDF-II) on Thursday said it received commitments of Rs 360 crore for the first closing of its Rs 500 crore fund. The fund has an additional green-shoe option of Rs 250 crore.

Tata Realty & Infrastructure Ltd has acquired the entire Equity Share held by Actis TREIT Holdings No. 2 (Singapore) Private Limited and 416 listed NCDs held by Actis TREIT Holdings No. 1 (Singapore) Private Limited in TRIL IT4 Private Limited now called Intellion Square, Goregaon, Mumbai in an all cash

Edelweiss Group has invested Rs 355 crore in realty developer Hubtowns two under-construction residential projects in Mumbai, Maharashtra through its non-banking finance company ECL Finance and two funds - Edelweiss India Real Estate Fund and EREF Onshore Fund - managed by the group.

NSE - 3.48% raised about $165 million selling five-year convertible bonds to overseas investors, two people familiar with the matter told ET.