Luxury Home Sales Surge in India’s Top Cities: Average Ticket Size Rises by 23% in H1 FY25

India’s top seven cities have experienced a 23% rise in the average ticket size of luxury homes sold in the first half of FY2025. NCR, Bengaluru, and Hyderabad led the growth, with total sales value rising by 18%, despite a slight dip in the number of units sold.

MahaRERA Dismisses Broker’s Complaint for Brokerage Payment, Cites Lack of Legal Provision

MahaRERA has dismissed a real estate agent’s complaint against a builder over unpaid brokerage for a project, stating there is no provision under RERA to adjudicate such claims. The authority clarified that agents should rely on formal agreements for commission disputes.

Bollywood Actors Deepika Padukone and Ranveer Singh Rent Apartment in Mumbai for Rs 7 Lakh per Month

Bollywood stars Deepika Padukone and Ranveer Singh have leased a luxury apartment in Mumbai’s Beau Monde Towers for Rs. 7 lakh per month. The 3,245 sq. ft. apartment includes three parking spaces and a tiered rent structure. This rental adds to Deepika’s growing real estate portfolio, which already includes properties in Bandra and Alibaug.

Spacewood Furnishers Sets ₹1,500 Crore Revenue Target by 2029 with Nationwide Expansion Plans

Spacewood Furnishers has set a target of ₹1,500 crore in revenue by 2029 with plans to expand its presence across metro, Tier 2, and Tier 3 cities. The company is transitioning to a B2C model, growing its dealer network, and increasing the number of Exclusive Brand Outlets, aiming to redefine the modular furniture market in India.

Hospitality Sector Sees 10.8% Year-on-Year RevPAR Growth in Q3 2024

The Indian hospitality sector reported a 10.8% Year-on-Year growth in RevPAR for Q3 2024, with Hyderabad leading the charge at 23.6%. The sector continues to benefit from strong corporate travel, new hotel openings, and an expected rise in MICE events.