Mumbai is ranked third globally in real estate
Mumbai came in third place and Delhi fifth place out of 44 worldwide cities in the real estate firm Knight Frank’s “Prime Global Cities Index Q1 2024” study about home price appreciation from January to March 2024. Mumbai had an increase in prime residential prices of 11.5% year over year, moving up from sixth place […]
Plans for Self-Redevelopment in One of the Oldest Co-Operative Housing Colonies, Talmakiwadi
Talmakiwadi in Tardeo, one of the oldest co-operative housing colonies in Mumbai, is to undergo reconstruction as part of the self-redevelopment initiative. The housing society’s General Body has approved the meeting, and the residents will meet the following month to talk about ideas for cash raising. Self-redevelopment refers to housing societies’ decision to rebuild their […]
Maharashtra government to examine exorbitant real estate development fees in Mumbai
Mumbai, the commercial hub of the country, has significant premiums on real estate development projects that the government of Maharashtra is trying to alleviate. In order to examine these charges, the state’s Housing Minister, Atul Save, intends to call a meeting shortly with important participants from the departments of revenue, urban development (UD), and finance. […]
Sion Is Eager for a Hint of Luxury
Every neighborhood in Mumbai’s vibrant city narrates a tale of its development and promise. Sion, a location that has consistently produced high-end real estate, is notable for being a key center that has served rich customers for more than 20 years. The micro-market has long been an essential component of Mumbai’s real estate scene, owing […]
MahaRERA introduces minimum specifications for retirement homes and senior citizen housing projects
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has announced comprehensive regulations and specifications for retirement and senior citizen housing, applicable across Maharashtra. These guidelines, detailed in a recent circular, focus on essential aspects such as building design, green building principles, lifts & ramps and safety and security. Compliance with these minimum physical specifications is mandatory […]
Developers to self-certify quality of projects, proposes MahaRERA
Homebuyers in the state can look forward to quality construction with MahaRERA floating a draft regulation proposing developers to self-certify the quality of real estate projects, besides providing detailed data on their technical aspects. The draft is available on MahaRERA’s website. It will be open till May 23 for public feedback. In the draft, the […]