PROPERTY BUYING
Lloyds promoters' family buys luxury apartment in Mumbai's Worli for Rs 107 cr
Abha Gupta and Shrikrishna Gupta, members of the Lloyds Group promoter family, have jointly purchased a luxurious triplex penthouse in Mumbai's upscale Worli area for over Rs 107.1 crore. The apartment spans across the 25th to 27th floors of Sugee Sea Krest on Dr Annie Besant Road, covering a carpet area of 13,207 sq ft. Valued at Rs 81,133 per sq ft, the property was acquired directly from the developer, Sugee Developers, for personal use and investment purposes. The deal, finalized on June 27, includes 16 exclusive car parking slots and incurred a stamp duty of Rs 6.43 crore.
Crisis & fears - What are the main obstacles to Chinese growth?
China's leadership tackles economic challenges including weak consumption, 14.2% youth unemployment, property crisis, local debt, export pressures, and falling foreign investment. Financial pressures, asset shortages, and currency depreciation risks, deflation fears are key concerns affecting the economy's recovery and overall stability.
RKN Enterprises sells 12.65 pc stake in Godrej Industries for Rs 3,803 cr under settlement plan
RKN Enterprises, a part of Godrej Enterprises Group, on Monday sold shares worth Rs 3,803 crore in Godrej Industries Ltd to members of Godrej Industries Group as part of the Godrej family settlement announced in April. According to the block deal data available on the BSE, RKN Enterprises offloaded a total of 4,25,83,272 shares, amounting to a 12.65 per cent stake in Godrej Industries.
Bollywood actor Ronit Roy buys sea-view luxury apartment in Mumbai’s Versova
Bollywood actor Ronit Roy and his wife Neelam acquired a 4,259 sq ft sea-view apartment in Versova, Andheri from Macrotech Developers for nearly Rs 19 crore. The June 10 deal includes four exclusive parking slots and a stamp duty of Rs 1.14 crore. The 29-storey project will be completed by December 2026. High net-worth individuals, including Bollywood stars like Amitabh Bachchan, Shahrukh Khan, Shilpa Shetty, Akshay Kumar, Abhishek Bachchan, and Aishwarya Rai, are investing in real estate.
Adi-Nadir group buys out 12.5% in Godrej Industries from Rishad Naoroji
The Godrej family announced a settlement—according to which the Adi-Nadir and Jamshyd-Smita families would buy out each other’s stakes for zero consideration in each other’s companies. While the Adi and Nadir Godrej faction now known as Godrej Industries Group (GIG) controls Godrej Industries , Godrej Properties and Godrej Consumer Products, the Jamshyd Godrej family now Godrej Enterprises Group (GEG) controls unlisted Godrej and Boyce Mfg .
ICICI Prudential AMC buys office tower from Kalpataru in Mumbai for Rs 315 cr
ICICI Prudential Asset Management Company has acquired a commercial tower in Santacruz, Mumbai, for over Rs 315 crore from realty developer Kalpataru's subsidiary Ixora Properties. The tower, built on one-third of an acre, is expected to house the company's new head office. The deal is significant in the ongoing trend of leasing office space rather than buying it outright.
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Godrej Properties buys 7-acre land in Bengaluru to build housing project worth Rs 1,200 cr
Godrej Properties has acquired a 7-acre land in Thanisandra, North Bengaluru, for developing a luxury housing project. The project is expected to yield around 9 lakh square feet of residential space, with an estimated revenue of Rs 1,200 crore. In a separate development, the company will also develop an 11-acre land parcel in Hinjewadi, Pune, focusing on group housing and high street retail, with a projected revenue of approximately Rs 1,800 crore.
Godrej Properties buys TDR certificates for Gurugram project
Godrej Properties has acquired Transfer of Development Rights (TDR) certificates worth Rs 50 crore for its Sector 43 project in Gurgaon, a novel practice in the NCR region but common in Mumbai. These certificates allow for an additional 300,000 sq ft of construction, potentially generating Rs 900 crore in revenue. TDRs, obtained from Haryana government for land acquisition, were sold with a floor area ratio (FAR) of 2. This strategic move is expected to catalyze similar transactions in Gurgaon, following the company's significant sales growth in FY24 and upcoming projects in prime sectors.
Amitabh Bachchan buys two luxury apartments in Mumbai’s Borivali suburb
The deal comes immediately after the veteran actor recently purchased three more office properties spread across three floors in a commercial project in Oshiwara locality of Mumbai’s western suburb of Andheri. Bachchan purchased apartments in Borivali worth nearly Rs 7 crores from Incline Realty, a subsidiary of Oberoi Realty. These apartments spread over 2,188 sq ft are located on the 57th floor of the tower, the same floor where his son Abhishek’s apartments are situated.
Buy Godrej Properties, target price Rs 3600: Motilal Oswal
Godrej Properties Ltd., incorporated in the year 1985, is a Large Cap company (having a market cap of Rs 86081.64 Crore) operating in Real Estate sector.
Amitabh Bachchan buys more office properties in Mumbai Andheri suburb
Bollywood legend Amitabh Bachchan expands his Mumbai property portfolio with the purchase of three office spaces in Oshiwara for Rs 60 crore. This acquisition adds to his existing commercial holdings, with a focus on real estate investments alongside other industry figures.
Cheapest homes under $200,000 in the US: These are the cities where you can buy them
According to various property dealing websites and realty consultants, there are still chances you might find homes worth $200,000 in different cities in the United States. Whether they will suit your requirements lies at your discretion but it's still worth a short, looking at the importance of real-estate investing in recent days.
Stock Radar: Godrej Properties almost doubles in 1 year! Should you buy or book profits?
Godrej Properties stock soared over 97% in a year, reaching a new high of Rs 3,112 on June 19, 2024. This impressive momentum has been fuelled by a broadening Rising Wedge formation, a positive indicator for further gains. The broadening rising wedge is shaped like an expanding triangle, with two upward-sloping trendlines that diverge over time.
Nadir Godrej, family buy 3 luxury apartments in SOBO’s Malabar Hill for Rs 180 cr
Godrej Industries’ Chairman Nadir Godrej and his family have acquired three sea-view luxury apartments in South Mumbai’s Malabar Hill for a total of nearly Rs 180 crore from a real estate development subsidiary of the JSW Group. The under-construction super-luxury residential project, Ruparel House, on Ridge Road at the top of Malabar Hill with the view of Queen’s Necklace, is being developed by R House Realty, part of JSW Realty.
Property prices jump by 10-15% in tier 2 cities: Report
Property prices in tier 2 cities have risen by 10-15% due to economic growth, infrastructure development, and reverse migration. Premium locations in Goa, Chandigarh, and Kochi are now comparable to major markets in Delhi and Mumbai. Tier 2 cities offer higher rental yields, attracting homebuyers towards high-rise apartments with luxury amenities.
Should you buy REITs when multibagger realty stocks seem unstoppable?
Experts recommend considering REITs alongside multibagger realty stocks due to rising demand for office space. SEBI's regulations have made REITs more accessible to retail investors, boosting market liquidity.
Should you buy a house now before property prices soar or wait for home loan interest rates to drop?
A favourable wealth effect, driven by a sharp rise in the equity markets, is enticing many first-time homebuy ers to take the plunge, while affluent buyers are looking for second homes. If you are a fence-sitter, still unsure about when to buy a house, this market presents a big dilemma. Is it the right time to buy a house?
Should you buy a house now or rent it? Key factors that will help you to decide
While property market dynamics play a big role in effecting this decision, equally important is your personal financial situation and lifestage. There are other factors to consider. If you are thinking of buying a house, here the key things you need to check.
Actor Tripti Dimri buys bungalow in Mumbai’s Bandra West
Bollywood actor Triptii Dimri buys a bungalow on Sherly Rajan Road in Bandra West for over Rs 14 crore, availing a 1% stamp duty discount introduced in the 2021-2022 budget. The property, house number 25 on Sherly Rajan Road, covers a land area of 2,226 square feet. The bungalow, which includes a ground floor and two additional storeys, has a built-up area of 2,194 square feet.
Kiran Gems’ Rajesh Lakhani buys sea-view luxury apartment in Worli for Rs 97 cr
Rajesh Labhubhai Lakhani, director of Kiran Gems, buys a luxury apartment in Mumbai's Three Sixty West tower. The tower includes The Ritz-Carlton Hotel. Kiran Gems is a sightholder authorized to buy rough diamonds from De Beers Group.
TRADERS’ CORNER: Power major and realty stock line up with 5% gains each
Nifty hit a fresh lifetime high and closed at a new all-time high level.
What rental yield is and how it is calculated
If you are confused by personal finance terms, jargon or calculations, here’s a new series to simplify and deconstruct these for you. In the first part, ET Wealth explains what rental yield is and how it is calculated.
GIC, Xander buy Allianz-Shapoorji Pallonji JV’s Hyderabad IT SEZ WaveRock for Rs 2,200 cr
In May 2023, ET first reported that global insurance and asset management major Allianz Group and Shapoorji Pallonji Group were looking to exit the IT Special Economic Zone (SEZ) property and that GIC had emerged as the frontrunner to acquire the 2.4-million-sq-ft asset.
NRI Investing Guide: Are you legally allowed to buy agricultural land in India?
NRIs in India face restrictions under FEMA when purchasing agricultural land, but can inherit it from relatives to reconnect with their roots.
Shanghai lifts home-buying curbs to boost property sector
Shanghai eases property buying rules amidst a real estate crisis, reducing residency requirement to 3 years and minimum down payment to 20% for commercial housing mortgages.
Shahid Kapoor buys sea-view luxury apartment in Mumbai’s Worli for Rs 60.4 cr
The apartment spread over 6,176 sq ft on the 24th floor of Three Sixty West project on Dr. Annie Besant Road is the second such deal concluded by the actor in this luxury residential tower. Prior to this, Kapoor and his wife had purchased a duplex on the 42nd and 43rd floor of the same tower of the high-rise project for over Rs 58.57 crore in 2018.
Should you buy a second house with a loan?
The key consideration in making this decision is to assess how it will impact their financial plan and goals. Shoaib or his wife might want to pursue alternative career options, take a break, or start their own business. They must ensure that they are not forced to continue with their jobs against their will because they find themselves in debt.
IT stock codes in 5% hike; pipe manufacturer raises it to 7%
Nifty hit a high soon after start but lost energy and ended up in the negative zone. It closed with a loss
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