Madurai has seen a significant increase in apartment sales over the past two years, driven by improved connectivity and urban expansion. Large complexes are in high demand, with both core and suburban areas experiencing growth.
Mumbai's luxury real estate market is thriving with Macrotech Developers selling a 15,000 sq ft apartment in Lodha Sea Face for Rs 187 cr. This transaction highlights Worli's appeal due to its prime location and high value.
Maharashtra makes slot booking mandatory for property registration in April due to COVID-19 restrictions, potentially impacting revenue collection.
Revamping stamp duty & registration fee collection could double revenue to Rs 1.5 lakh crore, with Maharashtra's model touted for nationwide adoption.
Potential home buyers may find deals in April-May as developers face pressure to sell unsold stock at lower prices due to financial crunch.
Knight Frank predicts residential property prices may drop further due to sales slowdown and market conditions.