Developers to strategise the ways to reinvent the sector to foster growth Despite the disruptions and market upheavals during the last two years of the pandemic, the real estate sector has made an impressive revival. The sector has transformed into a buyer’s market driven by rising demand and various reforms
The city is in the middle of a redevelopment boom, with small old buildings making way for a big new one and that is where the Permanent Alternative Accommodation Agreement is playing the lead role Since November 2021, housing demand from builders had started softening in Mumbai. Except for select
Belying apprehensions in many quarters, the implementation of the Real Estate Regulatory Act (RERA – w.e.f May 1, 2017) and later its state-level avatars, has done a world of good to the entire realty sector — one of the biggest revenue grosser in the country, a top expert said. Earlier,
Nitin Gadkari on Sunday (24 April) dedicated to the nation 86 km of roads on National Highway no. 52 worth Rs 3,216 crore Union Road Transport and Highways Minister Nitin Gadkari on Sunday said an access-controlled expressway will be constructed between Aurangabad and Pune at a cost of Rs 10,000
The case was that of homebuyers Jignesh R Khemani and Gulab R Khemani, who booked a flat in a project named ‘Ruparel Skygreens I’, located at Borivli. The project was registered by the builder with MahaRERA. The Maharashtra Real Estate Regulatory Authority (MahaRERA) has allowed aggrieved homebuyers to withdraw from
The Slum Rehabilitation Authority (SRA) and Maharashtra Housing Area Development Board (Mhada) have issued notices to change developers of redevelopment projects stuck for more than five years. While SRA has directed appointment of new developers for 517 slum rehabilitation schemes caught up prior to 2014, Mhada has issued notices to
If 2020/21 was the year of ‘consolidation’ in Mumbai real estate, 2022/23 will be the year of ‘de-consolidation’, as smaller developers rebound with a ferocity that seemed unimaginable until recently. Everyone knows the superstars of Mumbai real estate. One of my constant endeavours, however, has been to discover the hidden
The sale and supply of luxury homes reached a new high in Q1 2022, with the highest sales and supply in three years driven by pent-up demand, benign interest rates, and stable prices, as per a report by Anarock property consultant. Luxury property accounted for 12% of overall sales in
More than 26,000 house registrations have been recorded in the last quarter of the financial year 2021-2022 (January 2022 to March 2022). City developers have called the numbers good for the real estate market As per the Maharshtra Chamber of Housing Industry (MCHI-Navi Mumbai), total 26,484 houses sales were recorded
It remains a point of discussion that ‘Are affordable houses really affordable?’. Housing being the basic need of the citizens, Governments across the world have been focussing on the providing low-cost housing schemes . In the wake of Coronavirus and its resultant challenges, both the need for affordable houses and
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