Till a couple of years ago, a small lake in Ghuma was a serene haven, alive with the sights and sounds of nature. Birds soared overhead while buffaloes grazed peacefully on the banks of the lake, which nurtured a vibrant ecosystem. Fast forward to today, and this once-thriving waterbody has fallen victim to the relentless urban sprawl of our rapidly expanding city.
The Municipal Corporation of Delhi (MCD) has registered a dip in property tax revenue collection as well as the number of taxpayers in 2023-24 even as the other sectors, including parking, advertisement and trade licences, recorded an uptick with the financial year culminating on Sunday, senior municipal officials said. The property tax department tentatively collected around ₹2,137 crore till March 31 with 1,258,000 tax payers filing returns, according to one of the officials cited above.
Amid a severe water crisis in the city, Bangalore Water Supply and Sewerage Board (BWSSB) has planned to tie up with the Confederation of Real Estate Developers' Associations of India (CREDAI) Bengaluru to supply treated water to construction sites and large housing societies in the city starting April 2, 2023, chairman of BWSSB, Ram Prasath Manohar said. Within 500 meters of wastewater treatment plants, major under-construction sites and private apartments will be supplied with water through the installation of a separate pipeline.
With the development authorities in charge of the Delhi suburbs of Noida, Greater Noida and the housing clusters along the Yamuna Expressway Authorities allowing the registration of flats in stalled projects, the stamp and registration department of Gautam Budh Nagar, the district that these areas fall in, has witnessed a jump of around 18 percent in its revenue collection for the financial year 2023-24 compared with FY23. According to officials of the district administration, the department recorded a revenue of Rs 3,585 crore in the FY24.
In the contemporary corporate world, the importance of designing office spaces that are both sustainable and flexible is paramount. Businesses today demand environments that support their operational needs while championing environmental sustainability and employee well-being. This inclination towards adaptable, green office spaces is revolutionizing commercial real estate development worldwide. As the market becomes increasingly competitive, the quest for office spaces that blend functionality with a dedication to sustainability is growing stronger.
In the bustling metropolis of Mumbai, the demand for residential properties has seen a remarkable surge, particularly along the Western Express Highway (WEH). This golden corridor, stretching through the heart of the city, has become a hotbed for real estate development, attracting buyers and investors alike. The highway’s strategic location and unparalleled connectivity to key city zones have played pivotal roles in this development boom.
Institutional investments in the Indian real estate sector touched $1 billion in the first quarter of 2024 (Q1 2024), signalling a steady and positive start to the year, according to a report by Colliers India. While this was a 40% drop compared to the same period last year, India’s real estate investments showed improvement on a sequential basis registering 21% QoQ rise. Foreign investments retained their dominance, forming 55% of the total inflows during the quarter. Domestic investments too witnessed a notable rise at 15% YoY in Q1 2024.
Co-living spaces have regained their popularity after a setback during the pandemic, as more people, especially working professionals are seeking out safe, comfortable, and affordable living spaces.
There are many individuals, including both students and professionals, who seek better living facilities than traditional options such as paying guest accommodations, hostels, and lodges. For such individuals, co-living has become an ideal solution.
Bollywood actor Imran Khan and his girlfriend Lekha Washington recently leased a flat in Mumbai’s Bandra area from film producer Karan Johar at a monthly rent of ₹9 lakh for three years
Besides Khan there are quite a few actors who have taken apartments on rent such as Kriti Sanon, Kartik Aaryan, Vicky Kaushal and Katrina Kaif among others. There have also been instances of Bollywood actors investing in real estate only for the purpose of renting their properties
Jules Fishelman had ambitious plans to green up his century-old home in Burlington, Vermont, but the cost and logistics felt overwhelming.
"I've had in mind dozens of things I really wanted to do to make it more comfortable, but also to deal with the energy footprint - how much energy it uses," Fishelman said by phone from the converted duplex he has called home since 2001
