Tesla and SpaceX CEO Elon Musk has made a significant real estate move, purchasing a 14,400-square-foot mansion in Texas, designed to accommodate his large family.
Elon MuskReal EstateTexasFamilyMansionReal Estate NewsOct 30, 2024
Elon Musk paid $35 million (Rs 295 crore) for the 14,400-square-foot mansion in Texas.
Elon Musk has five children with his former wife Justine Wilson, three children with musician Grimes, and three children with Shivon Zilis, an executive at Neuralink.
Musk purchased the estate to provide a cohesive and supportive environment for his 11 children and their mothers, allowing his younger children to be a part of one another’s lives.
The mansion features a Tuscan-inspired design and includes a six-bedroom mansion adjacent to it.
Musk has raised concerns over a 'financial emergency,' pointing out that annual US government interest payments have surpassed $1 trillion, which exceeds the entire budget of the Defense Department.
Real estate industry leaders welcome Finance Minister Nirmala Sitharaman's proposed amendment to the Finance Bill, which aims to provide significant relief on capital gains tax in property transactions.
At a recent FICCI real estate conference, Godrej Properties CEO Gaurav Pandey highlighted that the market share of the top 15 developers in India has doubled over the past five years, reaching nearly 20%. Pandey expects this trend to continue, driven by d
The Maharashtra government has announced a 3.4% increase in Mumbai's ready reckoner rates, with the state average rising by 3.9%. This move aims to align the rates closer to market value and boost the real estate market.
Many investors turn to real estate after gaining returns from equities as it offers the security of a tangible asset.
Mumbai-based real estate developer Wadhwa Group is planning to raise up to Rs 2,500 crore through an Initial Public Offering (IPO). This move follows the trend of other prominent real estate developers going public in recent years.
MO Alts, the alternative investment arm of Motilal Oswal Financial Services Ltd, has closed two transactions from its new real estate fund with cumulative investments of ₹190 crore.