Shares of Mumbai-based real estate firms fell sharply following reports of a proposed stamp duty hike by the Maharashtra government, prompting concerns over market demand.
Government initiatives, including ECBs for low-cost housing and interest subventions, are poised to boost affordable housing in Mumbai's outskirts, enhancing long-term price stability.
Stable Indian real estate market: prices held high despite interest rate hikes, mixed future outlook
Developers offer 'monsoon discounts' to boost sales during lean season, with discounts ranging from 10-20% in cities heavily affected by monsoon.
Mumbai's BMC has proposed an amended parking lots policy to the state government, which could bring several hundred crores annually by sharing profits with developers.
Indian real estate has seen substantial price growth, with properties multiplying in value over time. Experts advise including real estate in investment portfolios.
Lodha Developers to build Mumbai's tallest residential tower, seeking over Rs 1,000 cr in funding
JLLM signs contract with Wipro to manage 2.3M sqft office space in Bengaluru, Mumbai & Mysore
Rising realty costs trouble homebuyers, 30% price hike since Aug 2009, experts anticipate 15% correction for market buoyancy.
JLLM report predicts rising residential property prices in Mumbai and growth in commercial real estate demand until the end of 2010, supported by infrastructure projects.
Godrej Group plans to release a prime 35-acre parcel in Vikhroli by year-end, making it one of the largest unencumbered realty releases in recent years.
Nariman Point faces significant upheaval as the BMC increases taxes for building societies, raising rateable values by up to 10 times for several properties.
Godrej Industries partners with Godrej & Boyce and Godrej Properties to develop Vikhroli property via a new SPV, potentially before the Urban Land Ceiling Act is repealed.
MCHI's Property 2009 exhibition in Mumbai showcases properties from 75+ developers. Co-organized by SBI, it features financing offers for aspiring homeowners in Mumbai, Thane, Navi Mumbai, and Pune.
Tata Housing launches 'New Haven' with 1,300 affordable apartments starting at ₹12.73 lakh in Mumbai, expanding its affordability drive in the housing sector.
Global retail slowdown hits high-street rentals, Mumbai worst affected with 63.5% decline
Mafatlal Industries plans to sell an 85,000 sq ft property in central Mumbai to revive its operations, with bidding expected to start soon.
Mumbai developers are focusing on premium residential properties as the market recovers, with high-value transactions ranging from Rs 5 crore to Rs 35 crore.
Real estate prices are unlikely to rise in the next six months, with a significant increase in residential property sales expected, according to Niranjan Hiranandani of Hiranandani Group.
Oberoi Constructions plans IPO launch in Q1 next financial year to fund growth
Tata Housing engages in initial discussions with Sequoia Capital and Atlanta Equity to secure funding for affordable housing projects, attracting investor interest with low-risk opportunities.
Lodha Developers offers Rs 710 crore for a 10.3-acre NTC mill land in Mumbai, potentially the largest real estate deal of the year.
Lodha Developers' bid for Finlay Mill property in Mumbai not cleared due to low offer
Mumbai flat prices predicted to drop further, brokers advise waiting. Developers disagree, stating prices have stabilized after a 5-20% decrease.
The global economic slowdown has led to increased vacancy in prime commercial districts, including Mumbai's Nariman Point. The trend is similar in other major cities like New York and Chicago.