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.
MahaRERA mandates disclosure of apartment sales and reservations to curb fraudulent practices by developers and protect buyers.
Bombay HC orders committee to verify affordable flats built by Hiranandani Group in Powai, amid dispute over completion of 3,103 flats as per 2012 order.
Maharashtra extends real estate incentives until August 2021, offering concessional premiums to developers for residential and commercial projects in Mumbai.
Avighna Group, HBS Realtors in talks for Rs 1,800 cr Worli residential project
Investors Clinic, a Noida-based real estate consulting firm, is expanding to Mumbai, Bangalore, and Jaipur. Driven by strong growth in these markets, the company aims to triple its growth in 5 years by partnering with leading developers and leveraging its expertise.
IT Raids on Real Estate, Food Companies in Mumbai, Bhopal & Indore
Virat Kohli has invested Rs 34 crore in a luxurious 7,171 sq ft apartment in Worli, Mumbai, with possession expected by mid-2018.
Indian Bank auctions Mumbai flats seized from Varun Industries directors, accused of defrauding 10 banks of ₹2,555 crore. E-auction set for July 21st, with properties open for inspection on July 13th.