Mumbai Real Estate Sets New April Benchmark with 13-Year High In Registrations
According to Knight Frank India, the real estate market in Mumbai saw its best April in more than ten years, with 12,142 property registrations, a 4% increase year over year. In 13 years, this is the most deals for the month. Premium housing accounted for 25% of all transactions, up from 22% in April 2024, […]
Mumbai Property Prices Stagnate Amid Layoffs, AI & Redevelopment Surge
Mumbai’s real estate market appears to be stagnating as conversations on social media sites like Reddit highlight mounting worries about job losses, dwindling demand, and an increase in home inventory brought on by redevelopment. Prices in several regions, particularly the suburbs, have either plateaued or significantly softened since 2023, despite the city’s continued fast vertical […]
Knight Frank: Mumbai Real Estate Sees 11% Sales Surge In 2024
According to a Knight Frank India analysis, the residential real estate market in Mumbai saw an 11% increase in property sales in 2024, particularly luxury residences in the Rs 5 to Rs 10 crore and Rs 20 to Rs 50 crore price range. In 2024, 96,187 housing units were sold overall, an 11% increase over […]
MahaRERA will conduct its fifth exam for 5,260 real estate agents
The fifth competency examination, which will be held by the Maharashtra Real Estate Regulatory Authority (MahaRERA) on July 29 at 24 locations throughout Maharashtra, is expected to draw 5,260 real estate agents. MahaRERA reports that 9,295 real estate agents have passed the test out of the four batches that have taken it so far. Real […]
Mumbai Dominates with 6 of India’s Top 10 Most Valuable Real Estate Companies
According to the GROHE-Hurun India Real Estate 100 report released, Mumbai is home to six of India’s ten most valuable real estate companies, solidifying its status as the nation’s real estate capital. The combined valuation of 33 Mumbai-based real estate firms exceeds Rs 6.4 lakh crore. In comparison, Bengaluru hosts 15 companies with a total […]
June 2024 sees an 11% YoY increase in Mumbai property registrations and a 15% increase in stamp duty collections
In June 2024, the number of property registrations in the Mumbai real estate market increased by almost 11% to 11,443 from 10,319 the previous year, as to the data released by the Inspector General of Registration and Controller of Stamps of Maharashtra. There were 12,000 property registrations in the Mumbai real estate market as of […]
Developers Are Not Allowed to Deposit Home Buyers’ Funds Into Separate Bank Accounts Per MahaRERA
According to the Maharashtra Real Estate Regulatory Authority (MahaRERA), developers in the state will be required to maintain separate designated bank accounts for the purposes of receiving payments from home buyers, so they will not be able to take money from buyers and deposit it in different bank accounts as of July 1, 2024. Currently, […]
Mumbai real estate: Due to increased demand, the luxury home market is booming.
In the first quarter of 2024, sales of luxury homes see a sharp increase in Mumbai, the financial hub of India. Nearly 85,000 residential units were sold between January and March 2024, up 8% from the same period the previous year, according to a recent report from CBRE South Asia. The luxury market has seen […]
Greater Mumbai has seen the strongest real estate growth, according to Mahantesh Sabarad
You would discover that the wider MMR region, the Mumbai metropolitan area, and Thane in particular, have been among the largest or strongest rising real estate markets over the previous two years. The real estate markets in Bangalore and Delhi used to expand quickly in the past, but in the last two years, Thane has […]
400 builders register new homes online using their own offices
In the past two years, more than 400 developers from Maharashtra—mostly from Pune and Mumbai—have chosen to e-register the first sale of properties from their own offices. “This has helped in reducing footfall at the sub registrar’s offices for new properties, and we are encouraging more developers to opt for this facility,” a property registration official […]