In February 2021, properties worth ₹11,745 crore were sold in Mumbai We anticipate robust sales this month too which will be equivalent to December 2020 as the consumers will try to avail of 3% stamp duty benefit before 31 March,' NAREDCO President said Mumbai, the financial capital of India saw huge surge in property registration numbers in February, thanks to stamp duty cut by the Maharashtra...

Mumbai-based GPL has been acquiring land parcels strategically to expand its project portfolio in key cities. In December, it bought 18 acres in suburban Bengaluru’s Whitefield to develop a premium residential project BENGALURU: Godrej Properties Ltd (GPL) on Monday said it has emerged as the highest bidder for two adjacent land parcels in Navi Mumbai for a total bid value of Rs166 crore in an...

The Real Estate Regulation and Development Act 2016 brought transparency and accountability in the real estate sector. This has increased the confidence of the home buyer. New age home buyers are now looking for lots of open spaces, a pollution-free living environment, infrastructure, connectivity, affordable property rates, etc. Thane is a place where all pre-requisites for an ideal location for real...

India's real estate market has enough options for homebuyers at every nook and corner of the country. And, one such area is Ulwe in Navi Mumbai. An emerging location, it is best suited for middle-income people. Property prices in Ulwe are expected to rise due to employment opportunities in the Thane-Navi Mumbai region, under the jurisdiction of the City and Industrial Development...

Taloja is a small node on the periphery of Navi Mumbai. It is a residential node planned by CIDCO, and is located next to the Kharghar Industrial Area. There are several factors in the area that make it a good choice for long-term real estate investment purposes.  Connectivity and Accessibility While Taloja is some distance from Thane and suburban Mumbai, it is very close to the industrial...

Cidco has kicked off the process of developing an aerocity abutting Navi Mumbai International Airport. As airports serve as an engine to boost economy, the aerocity will be a commercial and residential district on its southern side spread over around 300 hectares. From financial services and corporate offices to residential and entertainment centres, hotels, hospitals, schools, and...

Navi Mumbai has now become a symbol of planned life. With the advent of many private sector companies and CIDCO, the way Navi Mumbai is designed as a city is unlike any other. Investing in a property in Navi Mumbai is a reliable option for real estate investors. Here we share some factors which make Navi Mumbai different from other parts of Mumbai. Environment: Navi Mumbai has more green cover than...

MUMBAI: The improvement in housing sales momentum in the last few months has managed to renew business confidence among real estate developers as indicated by the rising project launches activity across the country. The ongoing fourth quarter has witnessed the launch of 26,785 new residential units, more than twice the launches seen in the previous quarter that ended in September. Hyderabad property...

With skyrocketing prices in major districts of Navi Mumbai, areas such as Ulwe, Kamothe, and Kharghar with low-cost properties are a major relief for many homebuyers, buying an undesirable dream for many first-time homebuyers. Some of the most well-known and developed areas in Navi Mumbai, which command a significant increase in property rates, are...

In a major boost to residential real estate, the government has provided tax relief to both homebuyers and realty developers by increasing the difference between ready reckoner or circle rates and market value for tax exemption.  The measure will help homebuyers and developers deal with speculations that are as low as 20% compared to ready reckoner rates. The government has decided to increase the...