LUXURY HOUSING COSTS
Trump draws Marie Antoinette comparisons as he leans into the gilded trappings of the presidency
President Donald Trump's attention to grand White House projects like a new ballroom draws criticism. Opponents say this shows he is out of touch with Americans struggling with rising costs. While Trump highlights economic policies, his focus on personal wealth and lavish renovations sparks debate. This contrast could impact upcoming elections as voters consider his priorities.
Building malls now needs deeper pockets as construction costs rose 13.9%
Construction costs are rising across India. Malls have seen the biggest jump in expenses. Luxury and mid-market housing also experienced significant cost increases. Affordable housing and commercial office spaces saw moderate rises. Warehousing and manufacturing costs grew the least. Developers are focusing on efficiency and planning. India's construction market is set for substantial growth.
'Salary growing, wealth shrinking': CA explains ‘India's silent middle-class crisis’, says Rs 1.5 lakh salary is same as 10-yr-old pay
Urban Indian households face a 'silent crisis' as rising incomes fail to keep pace with escalating costs of living, leading to stagnant real purchasing power. Traditional savings are losing value due to inflation outpacing returns, forcing a reliance on credit and highlighting a structural disadvantage for the middle class.
OpenAI firebomber was trying to kill boss Sam Altman: prosecutors
A man who allegedly threw a Molotov cocktail at Sam Altman's luxury California home was trying to kill the boss of artificial intelligence giant OpenAI, US officials said Monday. Prosecutors say that after lobbing a firebomb at the gates of Altman's home, Moreno-Gama fled on foot to the San Francisco headquarters of OpenAI, where he tried to smash the glass doors of the building with a chair.
Sumitomo Corp JV firm Krisumi to invest Rs 4,500 cr on housing project in Gurugram
Realty firm Krisumi Corporation Ltd, a joint venture between Japan's Sumitomo Corporation and Krishna Group, will further invest around Rs 4,500 crore over the next 6-7 years on its ongoing 33.5 acre luxury housing project in Gurugram.
Sumitomo Corp JV firm Krisumi to invest Rs 4,500 cr on housing project in Gurugram
Krisumi Corporation is embarking on an extraordinary journey, planning to infuse Rs 4,500 crore into its luxurious Gurugram housing project over the next 6-7 years. Since 2019, the company has already committed Rs 2,500 crore, marking significant progress. 'Krisumi City' is well underway, with the first phases already delivered to eager homeowners.
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Think your luxury house is an asset? CA warns and calls it a 'subscription fee to live'
A chartered accountant challenges the notion that expensive homes are wealth-building assets. He argues that high recurring costs and significant opportunity costs, estimated at ₹1.75 crore annually for a ₹15 crore property, transform luxury homes into costly lifestyle choices. True wealth, he asserts, stems from income-generating assets, not those that merely consume capital.
The Rs 1 crore sweet spot: Prestige Group's Irfan Razack says housing demand shows no signs of letting up
India's residential real estate market is defying the gloom. Prestige Group crossed the ₹30,000 crore mark in housing sales for the full year, well ahead of its own guidance, and its chairman says the demand engine is still running hot.
Designers Want You to Avoid These Dated Cabinet Colors in 2026
Kitchen cabinet colors are changing. Designers in 2026 are focusing on how colors make people feel. Cool grays and bright oranges are out. Warm, nature-inspired colors like deep greens and plums are in. This shift reflects a desire for comfort and emotional well-being in homes. Homeowners are choosing colors that promote calm and clarity.
Is Mariah Carey laden with debt? Rumors swirl as she plans to sell one of her prized property in New York
Mariah Carey has listed her luxury Tribeca penthouse in New York for $27 million. Reports say the property has loans linked to it, which sparked talk about her finances. The large three-floor home has luxury interiors and famous design details. She bought and combined the units years ago. The sale and her past spending rumors are now drawing fresh attention.
Noida transforms into a luxury realty hub as corporates troop in
Noida is rapidly becoming a luxury real estate hub, challenging Gurugram's dominance. Developers are partnering with hospitality firms for high-end residences, with prices reaching ₹40 crore. The Noida International Airport is a key driver, attracting corporates and boosting demand for ultra-luxury housing. Buyers seek lifestyle and long-term value. Branded developments are a significant factor in this transformation.
'Kanjoos' Sara Ali Khan proves the power of saving even a rupee as actress is set to earn Rs 4 crore from rent of just one property alone
Actress Sara Ali Khan is making smart financial moves. She has leased out a Mumbai bungalow for a significant sum over five years. This deal highlights her practical approach to money. Sara Ali Khan is known for her frugal habits. Her mother manages her finances, which include real estate and stocks. The family has made several property investments in Mumbai.
Final call for $1,600 checks — what to know about the ‘Primary Residence’ credit
Nearly 80% of Americans expect tax refunds in 2026, yet many may miss a major savings opportunity. The final chance for Americans to get new wave of primary residence tax credit is ending now. This limited-time property tax relief can reduce bills significantly for eligible homeowners. The deadline is April 1, 2026, and no extensions apply. This primary residence tax credit helps cut housing costs when inflation remains high. It does not offer cash, but it lowers tax liability directly. Many households rely on such credits for budgeting. Missing this final deadline means losing valuable savings for the entire
Shots on Saturday, Citrus on Tuesday: The split personality of Gen Z drinking
The drinking habits of India's youth are undergoing a significant evolution, favoring sophistication over excess. These trendsetters are embracing a mindful approach, prioritising exquisite flavors that enhance their social interactions. As health trends and fresh socializing opportunities take center stage, alcohol has transitioned from being the life of the party to a luxurious complement.
Puravankara accelerates expansion with 4X launch growth, ₹55,000-crore GDV amid market headwinds
Puravankara Limited is expanding significantly. The company is launching more projects and entering new segments. Strong housing demand is driving this growth. Puravankara has a large development pipeline. This strategy positions the company for continued success in the real estate market.
Better option in times of volatility and uncertainty: 6 healthcare stocks with upside potential of up to 30%
As geopolitical tensions escalate in the Gulf region, the global investment landscape is once again grappling with rising crude oil prices and supply chain disruptions. For India, which imports over 80% of its oil requirements, the conflict typically translates into inflationary pressure, a widening current account deficit, and heightened market volatility. But even in this environment, there are a few sectors that not only provide a defensive shelter, but also have robust growth engines insulated from external shocks.
The Hormuz Effect: Why your south Mumbai flat may get pricier
The blockade of the Strait of Hormuz is significantly increasing construction costs in India, particularly impacting the luxury real estate market in Mumbai. Developers face higher prices for steel, aluminum, and imported materials, with potential cost increases of 5% expected to be passed on to buyers.
West Asia war's connection to South Mumbai property prices: Why Israel-Iran war could push prices up by Rs 50–150 per sq ft
South Mumbai home prices are set to rise. The ongoing Gulf war is increasing construction costs for builders. This could lead to a 5% price hike for luxury apartments. Steel and aluminium prices have surged. Imported fittings also cost more. Buyers may face an additional Rs 50-150 per square foot.
US Bancorp in talks to lease 650,000 sq ft in Chennai for GCC
US Bancorp is set to establish its first global capability center in India, leasing over 650,000 sq ft in Chennai. The banking giant is also exploring additional space in Bengaluru and Hyderabad, aiming to significantly scale its Indian operations over the next few years.
7 hours in a city? You've got time to sightsee
Savvy travelers are transforming long-haul journeys into "micro-vacations" by strategically planning layovers in cities like Seoul, Istanbul, Prague, Singapore, and Denver. These brief excursions offer a taste of new cultures and experiences, from exploring historic palaces and enjoying local cuisine to visiting iconic landmarks, all within a limited timeframe.
JLR revving up execution to get past cyberattack dent
Jaguar Land Rover, recovering from a costly cyberattack, is reinforcing its "house of brands" strategy by assigning financial responsibility to each brand and elevating procurement to the board. New CEO PB Balaji emphasizes faster execution of the existing strategy, focusing on medium to long-term performance rather than short-term quarterly results to regain its position as Tata's automotive driver.
The Materialists: How indie designers are working creatively with waste to forge new materials
Indian designers are turning textile waste into new fabrics and products. Brands like Paiwand Studio and Doodlage are leading this movement. They are creating running fabrics and elevated basics from discarded materials. This practice is moving beyond patchwork to become a structured part of the fashion supply chain. It offers a sustainable alternative to virgin raw materials.
Godrej Properties expects Rs 450 crore revenue from plots as it buys 44-acre land in Coimbatore
Godrej Properties has purchased a 44-acre land parcel in Coimbatore. The company plans to develop a premium housing project on this site. This project is expected to generate revenue of Rs 450 crore. The development will include housing plots with a developable area of 1.1 million square feet. This move signifies Godrej Properties' expansion into high-potential cities for plotted development.
Lucid unveils steering wheel-free robotaxi concept, taking aim at Tesla's Cybercab
Lucid showcased a two-seater robotaxi concept without pedals and a steering wheel and announced a self-driving tech subscription for its electric vehicles at its investor day event on Thursday.
Iran targets busiest international airport as top UN body demands halt to attacks on Gulf neighbors
Iran's attacks on global shipping and airports escalate. U.S. and Israeli strikes hit Tehran. The UN demands Iran stop its actions. The conflict impacts oil supply and trade routes. Emergency oil reserves are released. Fighting intensifies between Israel and Hezbollah. Hundreds have been killed and displaced. The U.S. pledges to keep vital shipping lanes open.
'I didn't even know… I am starving.': Swiggy delivery rider breaks down while eating with customers, video moves thousands
A viral video shows a Swiggy delivery rider breaking down in tears after being invited to share a meal with customers, revealing his hunger and family struggles. The touching moment sparked widespread empathy, debate over filming vulnerable individuals, and discussions on the hardships faced by gig economy workers.
ETMarkets Smart Talk | The future is omnichannel, not RM-only or tech-only: Srikanth Subramanian on wealth management’s next phase
India's wealth management is transforming with younger HNIs, tech adoption, and evolving expectations. Ionic Wealth's Srikanth Subramanian emphasizes integrating human advice and technology, balancing IQ, EQ, and DQ. This approach has propelled the firm past $1 billion in AUM, showcasing a new paradigm for the industry.
Redeveloping your old home? Bigger flats could mean higher maintenance & property tax
Homeowners undertaking redevelopment of old houses should prepare for increased annual property costs. Bigger flats and modern amenities like lifts and gyms mean higher maintenance charges. Property taxes also rise as they are now linked to the property's current market value. This shift from older rent-based assessments to capital value systems impacts yearly outgoings significantly for residents.
Rs 54,000 minimum basic pay demand for 8th Pay Commission: Why this employee body wants 3.0 fitment factor for central government employees
The Federation of National Postal Organisations (FNPO) has proposed a fitment factor of 3.0 to 3.25 for the 8th Pay Commission, aiming to increase the minimum basic salary to Rs 54,000. This recommendation is based on the 15th Indian Labour Conference norms, considering essential consumption baskets and additional modern expenses like LPG and internet.
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