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, […]
MMRDA Opens Bidding for Seven BKC Plots Valued at Nearly Rs 6,000 Crore
The Mumbai Metropolitan Region Development Authority (MMRDA) has announced the opening of bids for leasing seven plots in the G block of Bandra Kurla Complex (BKC), a prominent commercial area in Mumbai. The total reserve price for these plots is set at Rs 5,946.09 crore. The auctioned plots will feature a four-floor space index (FSI). […]
Maharashtra Boosts Development Around Mumbai Airport with TDR Incentives
The Maharashtra state government has introduced Transfer of Development Rights (TDR) incentives to speed up development around Mumbai’s Chhatrapati Shivaji Maharaj International Airport. This strategic initiative aims to encourage infrastructure growth and urban planning in the airport’s vicinity, promoting sustainable development and better connectivity. The TDR incentives allow developers to gain additional construction rights in […]
CIDCO Launches Major Sale of 48 Plots for Various Uses
The City and Industrial Development Corporation (CIDCO) has unveiled a significant scheme for the sale of 48 plots across Navi Mumbai, designated for residential, bungalow, residential-cum-commercial, commercial, service industry, and star hotel purposes. Additionally, 218 shops in various CIDCO housing complexes will also be available for purchase. Online registration for the plot sale began on […]
Booms in luxury real estate: 41% of all homes sold in India are now valued at more than Rs 1 crore
Driven by a strong economy and rising desire for opulent living, India’s residential real estate sector is booming. According to a recent Knight Frank research titled “India Real Estate: Residential and Office (January – June 2024),” sales of residential units increased significantly in the first half of 2024 (H1 2024) in all eight of India’s […]
In the last 24 months, Mumbai’s home prices have increased by 20.4%
The most recent PropIndex Report from Magicbricks indicates that sustained demand and constrained supply have contributed to a 20.4% increase in Mumbai residential prices over the previous two years. The average residential rates rose 6.5% QoQ to INR 26,780 psf, according to the survey. Mumbai became one of the most opulent markets in the nation […]
Maharashtra Govt To Fast Track Self- Redevelopment Of Residential In Mumbai
To accelerate housing society self-redevelopment in Mumbai, the Maharashtra government has implemented measures which will simplify and speed up the process. The initiative comes as a boon for thousands of housing societies in the region. The state government has directed its officers to process self- redevelopment applications within a three-month timeframe from the date of […]