Mumbai's property registrations rose by 11% in June 2024, with a significant increase in stamp duty collections, showcasing the market's resilience and growing buyer confidence.
A prime property in Juhu Vile Parle Development, Mumbai, is set to be auctioned due to failed payments to State Bank of India and Union Bank of India. The residential building houses Bollywood celebrities like Sara Ali Khan, Arjun Kapoor, and Shatrughan Sinha.
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.
Developers from Bengaluru and Mumbai increase footprint in each other's cities, driven by growth, sales velocity, and better margins, with some finding lower land prices in Bengaluru attractive.
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.
Duplex and triplex homes are the new trend in Mumbai, particularly among luxury homebuyers seeking larger properties. Vertical living is gaining popularity over horizontal spreads.
India's real estate sector attracts $1.1 billion in Q1 2024, with residential sector leading investments at $693 million, driven by strong demand and supply.
The construction and real estate sector witnessed an 86% surge in employment between March 2023-24, with Delhi, Bengaluru, and Mumbai leading hiring activity.
The Asia-Pacific real estate market faces volatile conditions driven by interest rate changes, although the concerns around COVID have lessened. India's investments have risen by 16%.
India's luxury housing market saw a 10% YoY sales surge in Q1 2024, with Mumbai leading the demand. Driven by rising incomes and spending power, the segment is poised for continued growth.
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.
Mumbai's real estate is transforming with the rise of micro-markets like Dombivali and Thane. These areas offer unique opportunities, catering to specific demographics and lifestyle needs, driven by improved connectivity and infrastructure.
MahaRERA orders L&T Realty to return payment with a 2% deduction, following a similar ruling against Godrej Properties.
Developers in Maharashtra anticipate increased home sales during Gudi Padwa, providing incentives like discounts and flexible payments. Experts note rising property prices and strong buyer sentiment.
India's Q1 2024: 9% rise in home sales, 43% surge in office leasing, driven by global capacity centers, with Mumbai leading residential growth.
Residential sales in Bengaluru fell 2% YoY in Q1 2024, while sales of units priced above Rs 1 crore saw a 40% increase across top 8 cities.
Mumbai’s luxury real estate sees a 10% annual price increase, with Delhi-NCR and Bengaluru also showing growth according to Knight Frank’s Prime Global Cities Index.
Mumbai and Gurgaon see significant increases in coworking rental prices, with Mumbai rising by 27% and Gurgaon by 19% over the past four years, according to a MyHQ by Anarock report.
In the Mumbai real estate market, developers are reintroducing 'buy now, pay later' schemes to boost sales amidst excess inventory and increased competition.
Luxury real estate transactions surged in India before the fiscal year's end, with ticket sizes ranging from ₹10 crore to over ₹100 crore. Experts attribute this to several factors including capital gains reinvestment limits and market volatility.
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 real estate industry in Mumbai is grappling with increasing cases of fraud and deception by developers, leading to significant financial losses for homebuyers and legal action.
Luxury and mid-range housing demand surges in Pune and MMR, driven by factors like tax incentives, rising incomes, and NRI investments. Property values have increased significantly, especially in Mumbai, impacting affordability. Despite rising costs, sales remain strong, with buyers prioritizing larger homes and better amenities.
Forbes Global Properties enters Indian market with luxury brokerage services & development plans in Delhi, Mumbai, and Goa.
Prime Minister Narendra Modi inaugurated the Mumbai Trans Harbour Link (MTHL), expected to cut travel times and boost economic growth. Real estate experts have mixed opinions on whether property prices will rise.