628 real estate developers are being examined by MahaRERA for failing to include their QR code and RERA registration number in their marketing
On July 8, the Maharashtra Real Estate Regulatory Authority, or MahaRERA, said that it had fined developers of 628 real estate projects ₹88.90 lakh for failing to include the RERA registration number and QR code in their marketing. According to MahaRERA, of the 628 real estate projects, 312 are located in the Mumbai Metropolitan Region, […]
From Luxurious to Economical: Bandra West real estate market flourishes in May
Bandra West, a wealthy and multicultural district located in western Mumbai, is well-known for its sophisticated way of life and lively culture. This hip area, which has tree-lined avenues, heritage bungalows, and modern high-rises, blends old-world beauty with contemporary conveniences. Bandra West is known for its vibrant nightlife and entertainment, with many of cafés, restaurants, […]
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, […]
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 […]
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 […]
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. […]