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.
Reliance Communications has received NCLT Mumbai's approval to sell parts of its real estate holdings, allowing the resolution professional to divest assets during the insolvency process.
Sales of luxury homes valued at Rs 4 crore and above rose 97% over the previous year in major Indian cities from January to September 2023.
MHADA extends registration for Pune and Konkan lottery schemes to November 11 and 12, 2023, offering over 11,000 affordable homes. Details on application and payment follow.
Balconies and private terraces are increasingly valued in urban real estate, especially in cities like Mumbai. They offer a blend of nature, relaxation, and privacy. Top floors provide views but heat can be a challenge.
Heavy deposits, also known as zero-rental flats, are gaining popularity in Mumbai. This new trend allows tenants to avoid monthly rents by paying a large security deposit upfront.
Maharashtra plans to issue property cards to apartment owners in MahaRERA-registered projects. These cards will detail carpet area, utilities, loan info, and land extract.
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.
MahaRERA has issued recovery warrants worth Rs 633 crore against errant builders in Mumbai, Pune, and Thane to protect homebuyers' investments.
Maharashtra gov removes property tax for residential properties up to 500 sqft in Mumbai, affecting 16 lakh homes & costing BMC Rs 468 crore.
MahaRERA has listed over 3,400 real estate projects as lapsed due to delays, limiting developers from selling until extensions are approved by stakeholders.
MahaRERA bans sales of 644 Maharashtra residential projects due to delayed completion and delivery issues.