GST Rate Cut On Cement Welcomed By Developers, But Homebuyers Unlikely To Benefit
September 5, 2025: The real estate industry has broadly welcomed the Goods and Services Tax (GST) Council’s decision to slash tax rates on key construction inputs, though experts caution the move will not ease home prices for buyers. At its meeting on Wednesday, the Council announced that GST on cement has been reduced from 28% […]
Mumbai’s 2 BHK Apartments Dominate Homebuyer Demand Despite Record Luxury Sales
September 5, 2025: Mumbai’s residential property market continued to make headlines in 2025, led by the sale of a luxury apartment in Worli at nearly Rs 3 lakh per sq ft, valued at more than Rs 600 crore. Despite such record-breaking deals, the two-bedroom (2 BHK) apartment remains the most preferred choice, accounting for the […]
Adani Group To Offer 43% Of Redeveloped Dharavi Land In Open Market
August 21, 2025: Construction on 43% of the 108.99 hectares allocated for Mumbai’s Dharavi redevelopment project will be available for free sale in the open market, according to the Master Plan cleared by the Maharashtra government. The free-sale component will be handled by Navbharat Mega Developers Private Limited (NMDPL), a special purpose vehicle (SPV) formed […]
Business As Usual Approach Won’t Solve Mumbai’s Housing Crisis, Says Fadnavis”
August 18, 2025: Maharashtra Chief Minister Devendra Fadnavis on Thursday emphasised the urgent need for innovation in housing and construction to address Mumbai’s rising property prices. Speaking at a CREDAI-MCHI event, he warned that despite the rollout of major infrastructure projects and state measures, affordable housing remains elusive for many citizens. Fadnavis noted that redevelopment […]
Gagrani Inspects Cement Road Works, Flags Urgent Need For Pumping Efficiency
The rainwater pumping system in low-lying areas should be more effective. The capacity of the pumping stations at Hindmata and Gandhi Market should be kept functioning more effectively. Care should be taken to ensure that the operation of the pumping stations is more efficient. Care should be taken to ensure that water does not accumulate […]
From Bengaluru To Hyderabad: Why Builders Are Flocking To Mumbai’s Redevelopment Scene
Mumbai’s post-pandemic real estate resurgence has sparked a surge in redevelopment activity—and it’s now attracting developers from beyond the city. One of the latest entrants is Hyderabad-based Ramky Estates & Farms, which recently forayed into the Mumbai market with a 1.5-acre slum rehabilitation project in Chembur, reportedly valued at ₹500 crore. This marks the firm’s […]
Mumbai Property Registrations Rise by 19% Year-on-Year in July 2024; Stamp Duty Collections Up by 27%
Property registrations in the Mumbai real estate market increased by over 19%, reaching 12,160 in July 2024 compared to 10,221 in the same month last year, according to data from the Inspector General of Registration and Controller of Stamps of Maharashtra. In June 2024, there were 11,673 property registrations in Mumbai. Stamp duty collections from […]