News articles tagged MumbaiS Real Estate

Mumbai Rains: During the monsoon, the walk-in homebuyer’s activity slows down, impacting housing transactions

Mumbai's real estate market experiences a typical monsoon slump, but post-COVID-19, pent-up demand and waterlogging have significantly influenced pricing and transaction volumes.

Why real estate in Mumbai is so desirable to everyone?

Mumbai's real estate market is booming post-pandemic, attracting developers from across India with rising luxury home sales and significant investment opportunities.

Mumbai real estate market: Is it possible to lease a home for two to six months in the city of finance?

In Mumbai, short-term property rentals (2-6 months) are possible but often come with higher costs due to limited availability and landlord premiums.

A subsidiary of Redbrick Offices pays Rs 267.5 crore for 22 office spaces in Mumbai

Red Fox IT Infra LLP, a Redbrick Offices subsidiary, acquired over 87,000 sq ft of office space in Mumbai's Times Square for ₹267.5 crore across two deals, paying ₹8.02 crore in stamp duty.

Stamp duty collections increased by 15% while property registrations in Mumbai rose 11% year over year in June 2024

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.

Mumbai real estate: Will the city’s rental growth slow down as remodeled apartments go on the market?

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.

Why are Bengaluru and Mumbai the top destinations for real estate developers?

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.

Mumbai Real Estate Deal: 360 One founder purchases two luxury apartments for over Rs 170 crore

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.

DLF to enter Mumbai and Goa this year with luxury homes; more information here

DLF plans to enter Mumbai residential market with flats priced between Rs 6 and 8 crore, and launch 62 villas in Goa priced between Rs 40-50 crore.

Delta Corp. and its partners set up a Rs 765 crore real estate platform for Mumbai redevelopment

Delta Corp is launching a real estate development platform in MMR with an investment of Rs 765 crore, focusing on residential redevelopment and plotted development.

Mumbai’s real estate players predict robust growth within MMR

Mumbai saw 11,504 property registrations in April 2024, generating over INR 1,043 crore in revenue. Real estate developers are optimistic about growth, citing increased demand and infrastructure projects.

The cost of building real estate in India is predicted to increase by 6% by 2024, with Mumbai being the most expensive city

JLL's Construction Cost Guide predicts India's overall construction costs to rise by 6% in FY2024, with Mumbai being the most expensive city and Chennai a more cost-effective option.

In New Delhi and Mumbai, Tesla looks for showroom space in shopping centers, high streets, and commercial districts

Elon Musk's Tesla is in talks with major real estate developers for showroom space in New Delhi and Mumbai. The company is looking to rent between 3,000 and 4,000 square feet.

Mumbai-The way micro markets are defining real estate

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 instructs L&T to take only 2% when canceling an NRI homebuyer’s reservation

MahaRERA orders L&T Realty to return payment with a 2% deduction, following a similar ruling against Godrej Properties.

MahaRERA directs Godrej, a real estate developer, to reimburse a portion of the amount that the buyer forfeited.

MahaRERA directed Godrej Properties to refund a homebuyer after cancellation exceeding the 2% permissible deduction as per RERA guidelines, setting a precedent for similar cases.

Mumbai’s real estate crimes are on the rise

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.

Mumbai will not be raising its property tax

Mumbai's property tax remains unchanged for the fiscal year 2024, providing relief to homeowners amidst ongoing financial challenges, according to the state cabinet's recent decision.

In the Asia Pacific region’s annual housing price growth index, Bengaluru comes in at number eight and Mumbai at number nine.

Knight Frank's report reveals Singapore as the top Asia-Pacific residential market with 13.7% YoY growth. Bengaluru and Mumbai also rank in the top 10.

Forbes Global Properties enters the Indian real estate market with plans to build in Goa, Delhi, and Mumbai.

Forbes Global Properties enters Indian market with luxury brokerage services & development plans in Delhi, Mumbai, and Goa.

Positive effect: What Budget 2012 means for Mumbai's Real Estate.

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.