Square Feat India

Foreign universities in India could save US$113 billion in forex, serve over 560,000 students and create 19 million sq ft of education real estate demand, says a Deloitte–Knight Frank report.

Realty

CTIL Acquires 10 Acres of Prime Land in Worli, Mumbai for Rs. 1100 Cr

CTIL has acquired 10 acres of prime leasehold land in Worli, Mumbai, from Mr. Nusli Wadia for Rs. 1100 crore. The land, set to be developed by Birla Estates, significantly enhances CTIL’s real estate holdings, contributing an estimated Rs. 14,000 crore in booking value potential and expanding their contiguous land portfolio to 30 acres with a combined value of Rs. 28,000 crore.

September 10, 2024

Realty

India Reaffirms Commitment to Sustainable Development During World Green Building Week

India celebrates World Green Building Week 2024 with a renewed focus on sustainability through CII-IGBC’s initiatives. The campaign, #BuildingTheTransition, emphasizes reducing energy use, transitioning to low-carbon electricity, and adapting infrastructure to climate change. Key activities include webinars, waste management sessions, and student chapter launches to promote sustainable building practices.

September 10, 2024

Realty

GST Council’s Latest Decision Targets Revenue Leakage with New Rules on Commercial Property Rentals

GST Council’s 54th meeting introduces significant changes to commercial property rentals, applying Reverse Charge Mechanism (RCM) to transactions involving unregistered landlords to curb revenue leakage. Additionally, location and Preferential Location Charges are now classified under construction services with reduced GST rates, improving transparency and reducing friction in the real estate market.

September 10, 2024

$fractional ownership$

Realty

Fractional Ownership vs. Traditional Real Estate: A Comparative Analysis

Investing in real estate can be approached through fractional ownership or traditional methods. Fractional ownership offers lower entry costs, diversification, and professional management, while traditional real estate requires substantial capital and involves direct management. Discover which investment model suits your financial goals and preferences.

September 10, 2024

Realty

Kangana Ranaut Sells Bandra Bungalow for ₹32 Crore, Earning ₹12 Crore Profit

Kangana Ranaut has sold her Bandra bungalow for ₹32 crore, earning a profit of ₹12 crore. Purchased in 2017 for ₹20 crore, the property faced BMC demolition during the MVA rule but has now been sold to Shweta Bathija of Kamalini Holdings. The deal was registered on September 5, 2024.