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Mumbai tops real estate sales and new launches in September quarter

Mumbai metropolitan region recorded the highest sales of 26,400 units, followed by NCR at t14,970 units Real estate sales across India’s top seven markets have recorded a quarterly growth of 4% during September quarter, boosted by an improvement in homeownership sentiment post pandemic, according to real estate services firm Anarock.

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NMMC moves to action over illegal construction on CRZ plot

Nearly seven months after residents first raised alarm over unauthorised construction on a protected Coastal Regulation Zone (CRZ) plot in Nerul, the Navi Mumbai Municipal Corporation (NMMC) has served the real estate developer with a notice warning of strict action over the violations.A copy of the notice to Mistry Constructions

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MahaRERA suspends registration of 52 real estate projects near Mumbai

This action has been taken in the backdrop of the Kalyan Dombivali Municipal Corporation last week registering a case of cheating against 27 property developers The Maharashtra Real Estate Regulatory Authority (MahaRERA) has suspended registrations of 52 developers having their projects in the jurisdiction of Kalyan Dombivali Municipal Corporation (KDMC)

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New survey says demand for 3BHKs is more than 2BHKs

The survey, conducted between January and June 2022, polled 5,500 participants responding via various digital platforms As per the CII-ANAROCK Consumer Sentiment Survey – H1 2022, demand for 3BHKs has outstripped that of 2BHKs for the first time. At least 44% of respondents preferred 3BHKs, followed by 38% favouring 2BHKs.

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