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MahaRERA

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.
  • November 19, 2024
Ranveer Singh with his wife Deepika Padukone

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.
  • November 19, 2024

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.
  • November 19, 2024
Hospitality industry

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.
  • November 19, 2024
Office real estate

BFSI and Flex Spaces Drive Office Space Demand in Q3 2024

The office space market in India saw a significant shift in Q3 2024, with BFSI and Flex Spaces driving a 20% increase in demand. Bengaluru and Hyderabad led absorption, while cities like Mumbai and Chennai experienced declines.
  • November 19, 2024