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Tripti Dimri Purchases Bungalow in Mumbai’s Bandra West

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Mumbai, June 8, 2024 – Renowned actress Tripti Dimri, acclaimed for her role in the film “Animal,” has made headlines with the purchase of a prestigious ground-plus-two-storey bungalow off Carter Road in the Bandra West district of Mumbai. The property acquisition, valued at ₹14 crore, was registered on June 3, 2024, as revealed by property registration data obtained from IndexTap.com. The bungalow, featuring a total area of 2,226 square feet of land and 2,194 square feet of built-up space, marks a significant investment for Dimri. The transaction included a stamp duty payment of ₹70 lakh and registration fees of ₹30,000. The property’s previous owners, Cedric Peter Fernandes and Margaret Annie Marie Fernandes, facilitated the sale. Dimri has been garnering widespread recognition, most notably for her performance alongside Ranbir Kapoor in Sandeep Reddy Vanga’s “Animal,” released in 2023. Her rising stardom was further affirmed by her recent inclusion in IMDb’s list of the top 100 most viewed Indian stars. In a recent development, Bollywood filmmaker Karan Johar announced the upcoming film “Dhadak 2,” with Tripti Dimri set to star, adding to the actress’s exciting career trajectory. For media inquiries, please contact: Indextap About Tripti Dimri Tripti Dimri is an acclaimed Indian actress known for her powerful performances in Bollywood films. She continues to capture the hearts of audiences with her talent and dedication to the craft.

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Shahid Kapoor Acquires Luxury Sea-View Apartment in Mumbai’s Prestigious Oberoi 360 West Project

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Mumbai, May 29, 2024 – Renowned Bollywood actor Shahid Kapoor and his wife Mira Kapoor have made a significant investment in Mumbai’s luxury real estate market with the purchase of a high-end sea-view apartment in the esteemed Oberoi 360 West project located in Worli. The opulent apartment, measuring 5,395 square feet of RERA carpet area, was acquired for approximately ₹60 crore. According to registration documents accessed by IndexTap.com, the transaction, valued at ₹58.66 crore, was officially registered on May 24, 2024. The apartment, which includes three parking spaces, is situated on the higher floor of the prestigious high-rise constructed by Oberoi Realty. This marks the second property acquisition by the Kapoor family in this iconic development. The luxury apartment was purchased from Chandak Realtors Pvt Ltd. Chandak Realty had acquired this unit as part of a bulk deal in February 2023, where 28 apartments were purchased by D’ Mart owner Radhakishan Damani’s immediate family and close associates for a total sum of ₹1,238 crore. The Oberoi 360 West project is known for its exquisite design, prime location, and breathtaking views, making it one of Mumbai’s most sought-after addresses. The Kapoor family’s investment further underscores the growing demand for high-end residential properties in the city.

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101+ Land Deals for Approx. 2,989 Acres Closed in FY-24 Across Indian Cities

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Mumbai, 21 April 2024: The residential segment continues to drive the Indian real estate market, which also reflects in the land deals it is generating. Amid all-time high residential demand, several large and listed developers and other entities continued to snap up land. Other than residential, commercial, retail, industrial and logistics & warehousing are also driving prime land deals in key locations across India. ANAROCK data indicates that various developers and entities sealed approx. 101 separate land deals in fiscal year 2023-24, cumulatively accounting for nearly 2,989 acres across the country. In contrast, FY-2022-23 saw 88 land deals for approx. 1,886 acres closed across various cities. “Interestingly, out of the total land deals in FY-24, over 83 deals for about 1,135 acres were closed in the top 7 cities alone”, says Anuj Puri, Chairman – ANAROCK Group. “The remaining 18 deals, accounting for over 1,853 acres, were sealed in various tier 2 and 3 cities like Ahmedabad, Ayodhya, Jaipur, Nagpur, Mysuru, Ludhiana, and Surat. Tier 2 & 3 cities have once again emerged as redoubtable growth engines, thanks to their rapidly improving infrastructure and growth opportunities.” Among land deals in the top 7 cities, NCR topped out with 29 deals for 313+ acres, followed by MMR with 19 deals for approx. 157+ acres. Notably, in terms of total land area, Bengaluru saw 14 deals for 490+ acres transacted – the highest among all top 7 cities. The number of deals in FY 2024 has risen significantly – from 88 deals for 1,886+ acres in FY23 to approx. 101 deals for 2,989+ acres in the current financial year. In terms of total area, around 58% more land has been purchased in the FY 2024 as compared to FY 23. “At approx. 4.93 lakh units, residential sales across the top 7 cities have created a new peak in FY2024,” adds Puri. “In particular, large and listed developers have seen very high sales, and it makes sense for them to buy land across prominent urban micro-markets. Resultantly, the previous financial year saw some very prominent land deals taking place.”   Proposed Developments Of the total land deals in FY-24, around 80 separate deals for approx. 2,252 acres are for proposed residential, plotted development & township projects. In the residential category, deals were closed in Pune, Bengaluru, MMR, Hyderabad, NCR, Chennai, Mysuru, Ayodhya, and Jaipur. Deals for proposed plotted development projects were sealed in cities like Sonipat, Nagpur, Surat and Ahmedabad, while township projects are slated in Ahmedabad, Bengaluru, Thane, Ludhiana and Ghaziabad. Commercial and retail together saw 4 separate deals for over 42 acres closed. Of these, 3 were for commercial developments – one each in Gurugram, Noida and Mumbai – and one retail deal was closed in Thane. At least 79 acres in 4 separate deals have been earmarked for mixed-use developments in cities including Pune, Mumbai and Ludhiana. Approx. 164 acres in 5 separate deals were closed for industrial, IT park, and logistics park in Gujarat, Chennai, Navi Mumbai, Nagpur, and Cuttack. Proposed Developments Area (acres) No. of Deals City Commercial 31 3 Gurugram, Noida & Mumbai Industrial 38 1 Gujarat IT Park 11 2 Chennai & Navi Mumbai Logistic Park 115 2 Nagpur & Cuttack Manufacturing 411.75 3 Bengaluru, Gujarat & Andhra Pradesh Mixed-Use 79 4 Pune, Mumbai & Ludhiana Plotted Development 481.5 4 Sonipat, Nagpur, Surat & Ahmedabad Residential 606.13 70 Pune, Bengaluru, MMR, Hyderabad, NCR, Chennai, Mysuru, Ayodhya, Jaipur, Retail 11 1 Thane Township Project 1164.33 6 Ahmedabad, Bengaluru, Thane, Ludhiana & Ghaziabad Educational 8.61 1 Gurugram Not yet Decided 31.52 4 Kolkata, Chennai, Karnala Village (Maharashtra) The top developers who bought land parcels for various developments in FY24 include Godrej Properties, Eldeco Group, Adani Realty, Signature Global, Oberoi Realty, DLF India, Prestige Group, K Raheja Corp, and Brigade Group, among others. Top Land Deals Across Cities Deal in Quarter Buyer City Approx. Size (in Acres) Proposed Development Q1-FY2024 ESR India Sanand (Gujarat) 38 Industrial Q1-FY2024 Birla Estates Bengaluru 28.6 Residential Q1-FY2024 Foxconn Bengaluru 300 Manufacturing Q1-FY2024 K Raheja Corp Mumbai 4 Residential Q2-FY2024 Prestige Group Mumbai 2.3 Residential Q2-FY2024 Godrej Properties Gurgaon 7.91 Residential Q2-FY2024 Arvind Smartspace Ahmedabad 204 Township Project Q2-FY2024 UK’s Malhotra group Ludhiana 300 Township Project Q3-FY2024 Eldeco Group Greater Noida 8.9 Residential Q3-FY2024 Greenscape IT Park Navi Mumbai 4 IT Park Q3-FY2024 ESR India Nagpur 58 Logistic Park Q3-FY2024 Mahindra Lifespaces Pune 5.38 Residential Q4-FY2024 DLF Homes Developers Gurgaon 29 Residential Q4-FY2024 Lodha Ayodhya 51 Residential Q4-FY2024 Brigade Group Chennai 16 Residential & Hospitality Q4-FY2024 Signature Global Gurgaon 20.32 Residential Source: ANAROCK Research

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PUNE REAL ESTATE: A GLIMPSE INTO THE RISING TRENDS OF NEW PLOTTING PROJECTS

Realty Blogs /

Since the outbreak of COVID-19, there’s been a noticeable shift towards plotted layouts and low-density housing (think Rowhouses, Villas, Bungalows, and the like). This shift isn’t just a whisper in the wind; it’s booming, with a staggering rise of 400% in plotting project launches in 2023 over 2019. WHAT’S DRIVING THIS SURGE? A FEW FACTORS STAND OUT: Work from Home (WFH): The pandemic ushered us into the remote work era. Many now crave living closer to nature, away from the hustle and bustle, in cozy independent houses. Plus, living on the outskirts offers a sweeter deal with its substantially lower cost of living compared to the city’s heart. Health and Wellness: Our collective health and wellness radar has gone off the charts! Spacious homes with easy access to the great outdoors, gardens, and parks are now more than just a luxury; they’re a necessity. The entry of big names like K Raheja, Godrej Properties, Supreme Universal, Lodha, and others into this realm signals that this trend isn’t just a passing phase but a solid move towards a more serene and holistic living environment. What do you think about this shift? Is it a temporary adjustment, or are we looking at the future of residential living? The author is a partner at Vasupujya Corporation, a Real Estate development firm based in Pune. He is a civil engineer from IIT Bombay and is also engaged in the Real Estate Data Analytics wing at CREDAI Pune Metro. RAHUL AJMERA PARTNER, VASUPUJYA CORPORATION RAHUL@VASUPUJYA.COM  

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PRESERVING PUNE’S GLORIOUS PAST

Realty Blogs /

In the bustling heart of Pune lies a hidden gem, a majestic testament to the city’s rich history and architectural prowess – Nana Wada. Standing proudly beside the iconic Shaniwar Wada, this 18th-century mansion whispers tales of a bygone era, where the Maratha Empire reigned supreme, and Nana Phadnavis, its esteemed statesman, shaped the destiny of the land. Constructed in the year 1780, Nana Wada stands as a behemoth, spanning an impressive 20,000 square feet, a testament to the grandeur of its time. Crafted meticulously from sagwan wood, also known as teak, the mansion boasts an unparalleled display of craftsmanship, reflecting the glory of the Peshwe era. Every corner of Nana Wada exudes opulence, from its intricately designed railings to its timber ceiling adorned with carved motifs. Graceful arches and pillars, shaped like cypress trees, stand tall, bearing witness to the architectural marvels of yesteryears. Central to Nana Wada’s narrative is the towering figure of Nana Phadnavis, a luminary whose legacy continues to illuminate the annals of history. Through the reign of four successive Maratha rulers, Nana Phadnavis emerged as a beacon of leadership, steering the empire towards unprecedented prosperity and power. As centuries passed, Nana Wada evolved, mirroring the changing landscape of Pune. In 1907, the Deccan Education Society breathed new life into a portion of the mansion, establishing the New English School within its hallowed halls. This infusion of educational zeal not only expanded opportunities but also introduced a fusion of architectural styles, blending traditional Peshwa aesthetics with the British Gothic Revival influence. A new building added to accommodate the school further enriched Nana Wada’s visual appeal, creating a captivating juxtaposition of two distinct architectural eras. Despite the march of time, the original features of Nana Wada remain remarkably intact, serving as poignant reminders of its illustrious past. Today, the mansion continues to play a pivotal role in Pune’s cultural landscape, housing a municipal school and serving as the municipal office for old records. Its storied halls resonate with the echoes of history, offering a glimpse into the splendor of the Maratha era.

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Way To Invest In Real Estate By Buying Property

Realty Blogs /

In India, many people consider land as one of the safest investment options. Although the initial capital size is high, it gives high returns in the long run. Over the past few decades there haven’t been any volatile changes in the land price. Raw Land – In India, many consider land as one of the safest investment options. Although the initial capital size is high, it gives higher returns in the long run. Over the past few decades, there haven’t been any volatile changes in the land price. House flipping – House flipping is the process of purchasing an income-generating asset, increasing its value and reselling for a higher price. It is a short-term strategy that is used in property investing to gain quick profits. People with good knowledge of landscaping and design can get into the business of flipping houses. Vacation homes – Vacation homes can be fantastic investments as homeowners could earn income by renting out a house or even just a room on a short-term basis, especially if the property is in an area that’s a well-known tourist destination. Vacation homes are highly in demand in India. Co-living spaces & student housing – Co-living is a concept where users, usually not from a single family, share a living space. The residents of a co-living space generally have similar interests, intentions & values. In recent years, there has been an increase in companies offering organized co-living spaces in metropolitan cities. Commercial Properties – For commercial property investment, the investor can look at office spaces, retail buildings or warehouses. Commercial Real Estate succeeds as an investment by producing rental income from a tenant or multiple tenants. This rental income becomes cash flow or revenue for the equity owner of the property. Rental income – The majority of residential property financial gains come in the form of basic rent. You could purchase a property & rent out any room or apartment to tenants. The tenants pay a fixed amount per month, going up with inflation & acting as rental income. A property rented in the CBD or near educational institutions always fetches a good rental income. Fractional Ownership – Fractional ownership is a new concept booming in the Indian market. Several small investors pool in money to buy a valued commercial or residential property. The rents generated from the property are split among the investors based on the shares of investment in the property. Dr.Adv.Harshul Savla (MRICS) is a principal Partner of M Realty (Suvidha Lifespaces) which has successfully completed more than 1.2 million sq.ft. in the last 30 years across Mumbai city under the able leadership of Mr.Pramesh Rambhiya.

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