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Bengaluru, 18th November 2024 : Magicbricks, India’s leading real estate platform, published its latest Rental Update, highlighting that between July and September 2024, average rents increased 7.4% quarter-on-quarter (QoQ) across 13 major Indian cities[1] to INR 35.8 per square foot per month- the highest increase in the l       ast 2 years. Chennai recorded the sharpest increase at 22.2% QoQ, moving from INR 17.94 psf in Q2 2024 to INR 26.91 psf in Q3 2024. Delhi and Thane also saw significant jumps, with Delhi’s average rent rising 11.4% QoQ to INR 37.55 psf and Thane’s rent increasing 10.9% QoQ to INR 33.10 psf. According to the report, Mumbai remains the priciest rental market at INR 86.50 psf per month, followed by Delhi at INR 37.55 psf and Navi Mumbai at INR 33.83 psf. Meanwhile,...

Tue, Nov 12, 1:05 PM Bollywood actor Shahid Kapoor has recently rented out his luxurious apartment in Mumbai’s prestigious Three Sixty West, Worli. According to Square Yards, the property spans 5,395 sq. ft. (~501.21 sq. m) of carpet area and 573.78 sq. m (~6,175.42 sq. ft) of built-up area, with three dedicated car parking spaces. The apartment, originally purchased in May 2024 for Rs. 58.6 crore was jointly acquired by Shahid and Mira Kapoor. Three Sixty West, developed by Oberoi Realty, is a high-end residential project spread over 1.58 acres, offering 4 and 5 BHK ready-to-move-in apartments. The lease agreement, registered in November 2024, is for a tenure of 60 months with an initial security deposit of Rs. 1.23 crore. As per Square Yards, the property will generate an avera...

India, New Zealand, and Singapore saw annual leasing growth of over 30% in Q3 2024  Demand across the top 11 countries in the APAC region rose by 10.7% YoY, reaching 2.2 million sqm (23.7 million sq ft) in Q3 2024 India continued to lead APAC office market activity, driving over 70% of the total demand during Q3 2024 Bangalore, 8th November 2024: The Asia Pacific office market is predicted to grow in 2025, with new Colliers’ data showing demand across top markets surging 10.7% year-on-year (y-o-y) in the third quarter of 2024. Colliers’ Asia Pacific Office Market Insights Q3 2024 report found Asia Pacific Grade A office demand surged 10.7% in Q3 2024 (y-o-y) to 2.2 million sqm (23.7 million sq ft) as major markets across the region strengthened, signaling a potentially stron...

Webinar to deliberate upon further Strengthening of  Rural Governance; will Showcase Awarded Initiatives  10 NOV 2024 11:32AM by PIB Delhi As part of the Department of Administrative Reforms and Public Grievances (DARPG)’s National e-Governance Webinar Series (NeGW 2023–24), a Special Webinar on Citizen-Centric Services provided by Panchayati Raj Institutions (PRIs) will be held on 11th November 2024, from 12:00 noon to 1:00 PM. The webinar will be co-Chaired by Shri V. Srinivas, Secretary, DARPG, and Shri Vivek Bharadwaj, Secretary, Ministry of Panchayati Raj (MoPR), who will deliver keynote remarks, sharing key insights and outlining the vision for the pivotal role of PRIs in delivering essential services to rural citizens. Also present will be Shri Puneet Yadav, Additional Secreta...