Navi Mumbai's Airoli and Vashi see surging demand for office spaces as tech giants expand, pushing rents up 10% YoY amid Mumbai's cost challenges
In Mumbai, short-term property rentals (2-6 months) are possible but often come with higher costs due to limited availability and landlord premiums.
Mumbai's rental market growth, driven by redevelopment projects, is cooling down in 2024. Increased supply of redeveloped homes is stabilizing rents after a surge between 2021 and 2023.
The Maharashtra government has approved transferring a 21-acre plot for Dharavi Redevelopment, aiding slum rehabilitation efforts with enhanced housing standards.
Karan Bhagat buys two sea-view units in Oberoi Realty’s Three Sixty West for over Rs 170 crore, among other high-end transactions in Mumbai’s luxury market.
Mumbai's real estate market saw a 9% increase in property registrations and a 16% increase in stamp duty collections in April 2024, with millennials making up 37% of buyers.
Amitabh Bachchan purchases a 10,000-square-foot plot in Alibaug for Rs 10 crore. Alibaug is emerging as a popular real estate destination for luxury retreats and investment opportunities.
Pune Sees 30% YoY Increase in Stamp Duty Collections to Rs 804 Crore in March 2024
Mumbai's real estate market saw a 21% YoY increase in property registrations in February 2024, despite a 22% drop in stamp duty collections. Residential units dominate the market, with smaller apartments gaining popularity.
The Maharashtra Building and Other Construction Workers Welfare Board offers various support programs, online registration, and welfare schemes to benefit construction workers in the state.
The Maharashtra Apartment Ownership Act of 1970 establishes legal rights for apartment owners, including transferable and heritable ownership. It also facilitates the formation of associations to oversee residential welfare and rights.
Maharashtra CM Eknath Shinde and Deputy CM Devendra Fadnavis announce government’s plans for affordable homes through MHADA online lottery.
Maharashtra real estate developers plan to halt construction due to soaring raw material costs, urging government intervention and a six-month project deadline extension from MahaRERA.
Maharashtra gov removes property tax for residential properties up to 500 sqft in Mumbai, affecting 16 lakh homes & costing BMC Rs 468 crore.
MahaRERA grants a six-month extension to real estate projects due to the pandemic's second wave, invoking the force majeure clause for projects expiring after Apr 15, 2021.
CREDAI-MCHI urges Maharashtra government to reduce stamp duty to 2% in Mumbai to revitalize housing demand amidst the COVID-19 pandemic, citing reduced sales and state revenue.
Maharashtra reverts to 5% stamp duty on property registrations from April 1, with 1% concession for properties in women's names.
Pune real estate sales rebound to pre-COVID levels with 3.4% price increase, driven by high-end segment demand. Inventory is at a six-year low.
Maharashtra extends real estate incentives until August 2021, offering concessional premiums to developers for residential and commercial projects in Mumbai.
Navi Mumbai airport faces opposition, Maharashtra government explores alternative plans and announces infrastructure projects worth ₹6,000-7,000 crore
Villagers in Navi Mumbai are protesting against the government's compensation for land acquisition, demanding higher monetary damages and job reservations.
Revamping stamp duty & registration fee collection could double revenue to Rs 1.5 lakh crore, with Maharashtra's model touted for nationwide adoption.
Prime Minister Manmohan Singh prioritizes the Navi Mumbai airport project, ensuring compensation for affected individuals while addressing infrastructure challenges in Maharashtra.
Navi Mumbai's realty sector hit by delayed international airport project, causing property price fall.
Maharashtra government introduces e-payment of stamp duty for property transactions exceeding ₹5000, streamlining the process and enhancing security. The initiative begins in Mumbai and Pune.