BUSINESS
DB Realty leases 186 acres of land in Mira Road to BMC for Rs 248 cr annual rent
Mumbai Coastal Road: The BMC is constructing the coastal road project and for which it required land for setting up casting yards and allied works.
BUSINESS
Women's Day 2024: Planning to purchase a house for your wife? Here's how to save on stamp duty
The current stamp duty in the state of Maharashtra varies between 5% to 7% of the total agreement value depending on each city and district.
BUSINESS
MahaRERA to start grading real estate projects from April
All real estate projects registered since January 2023 in Maharashtra will be graded from April 2024, the MahaRERA said.
BUSINESS
Ajmera Realty secures Rs 500-crore loan from Standard Chartered Bank, ICICI Bank
The funds will be used for Ajmera Manhattan, a residential project in Mumbai's Wadala area, and to partially partial prepay GCP loan taken from HDFC
BUSINESS
13,785 real estate agents are no longer registered with MahaRERA
Homebuyers should not deal with real estate agents whose registration has lapsed, MahaRERA officials have said
BUSINESS
Sales of apartments in Nagpur market doubled post Covid-19
Nagpur real estate: Sale of apartments in the primary market have increased from 1,383 in 2019-20 to 2,211 in 2023-24 (up to January), according to Liases Foras, a real estate research firm, data. Experts say this is because of the migration of a young population back to their home town during the lockdown.
BUSINESS
Mumbai real estate market reports 21% YoY spike in property registrations, stamp duty collections fall 22%
Of the overall registered properties, residential units constitute 80%, the remaining 20% constitute non-residential assets, said said Knight Frank India
BUSINESS
Girdhari Lal Bawri of Macleods Pharmaceuticals buys Rs 101-crore bungalow in Mumbai
Bawri's deal is the second bungalow deal in the Mumbai real estate market in the last three months after Bollywood actor John Abraham in December 2023 purchased a bungalow for Rs 70 crore in Khar area of Mumbai.
BUSINESS
SC orders Lodha to refund Rs 2.25 cr to homebuyer with interest over delivery delay
The Supreme Court also set aside the National Consumer Disputes Redressal Commission (NCDRC) order dated November 9, 2022 and directed the developer to refund the deposited amount of Rs 2.25 crore in 12 months with simple interest thereon at 12 % per annum.
BUSINESS
Why Buy Now, Pay Later is making a comeback in the Mumbai real estate market?
Experts say primary sales in the Mumbai real estate market have softened in recent months. And the increase in launches over the past two years has led to an oversupply of inventory, prompting developers to push sales via such schemes.
BUSINESS
Suhana Khan purchases land in Alibag for Rs 9.50 crore
Earlier, in June 2023, Khan had bought agricultural land measuring 1.5 acres with three structures on it in Alibag of Raigad district for Rs 12.91 crore
BUSINESS
ED probing British Virgin Island entities floated by Hiranandani Group
The British Virgin Island entities were started between 2006 and 2008 and ED is probing the connection between the these companies and money brought into India through FDI route by the company, ED sources have said
BUSINESS
DB Realty to soon hit the market with Rs 2,000 crore QIP
The property developer plans to complete the fundraising in the coming weeks, depending on market conditions
BUSINESS
Raymond Group announces 1st project in Mumbai real estate market at Bandra, aims to rake in over Rs 2,000 cr
Mumbai real estate update: Until now, Raymond Realty was engaged in developing projects at their 100 acre land bank in Thane
BUSINESS
Oberoi, Raymond lead big push in Thane's real estate market
According to real estate experts, Thane, historically and even in the current context, has always seen several branded developers
BUSINESS
Why 2 BHK on rent is in high demand in the Mumbai real estate market?
After 2 BHK, in the Mumbai real estate market, 1 BHK and 3 BHK are the most sought out of the total demand share. The demand share for apartments above 3 BHK units is mere 7%, according to data from Magicbricks.
BUSINESS
Oberoi Realty signs deal with Marriott International for developing hotels in Mumbai, Thane
Oberoi Realty in the statement said that Sky City Mall in Mumbai's Borivali is slated to launch in FY 2024-25.
BUSINESS
MahaRERA and Advertising Standards Council to use AI to monitor real estate advertisements
MahaRERA said artificial intelligence (AI) will be used to detect advertisements published without a MahaRERA registration number and QR code. As per the RERA Act, any project of over 500 sq mts or 8 flats must be registered with the MahaRERA.
BUSINESS
Construction defect: Over 100 flat owners accept buyback offer from Godrej Properties in Gurugram project
Godrej Properties sees the number of flat owners opting for the buyback offer rising to about 200 in the next few months in Gurugram.
BUSINESS
Pune property registrations jump 46% YoY in Jan, apartments priced Rs 50 lakh to Rs 1 crore bestsellers
Majority of the homebuyers in the Pune real estate market in the age group of 30 to 45 years of age
BUSINESS
Nagpur developers to team up to build city’s first co-working space
About 10 to 20 developers from Nagpur are expected to jointly construct 50,000 square feet of office space for IT companies.
BUSINESS
MahaRERA says 4,000 of 7k stalled projects completed
It has started the deregistration process against 15 percent of the projects as have made on progress, MahaRERA has told the Centre's RERA subcommittee
BUSINESS
RBI repo rate: Housing demand to remain buoyant on hopes of rate cut, say real estate developers and experts
Real estate experts anticipate that given India’s growth projections, a future repo rate cut would give a massive fillip to affordability in 2024.
BUSINESS
Rustomjee to focus on homes with Rs 1-7 crore price tag in Mumbai, says Boman Irani
Mumbai real estate: No plans to foray outside Mumbai - the company said it makes more sense for it to continue expanding its reach, ability and growing in the Mumbai market.
