Industry Updates

cidco-nets-over-rs-525-crore-through-auction-of-11-plots-in-navi-mumbai’s-kharghar

CIDCO nets over Rs 525 crore through auction of 11 plots in Navi Mumbai’s Kharghar

The Maharashtra government’s town planning authority, the City and Industrial Development Corporation (CIDCO) has received bids worth Rs 525 crore for the auction of land parcels totaling 7.4 acres in the Kharghar locality of Navi Mumbai The bids for all 11 plots are nearly 2 to 4 times higher than the reserve price set by the authority. All land parcels are located in sector 11 of Kharghar and...

stamp-obligation-and-enrollment-charges-in-navi-mumbai

Stamp obligation and enrollment charges in Navi Mumbai.

The stamp obligation and enrollment charges in Navi Mumbai might shift up to six percent relying on the exchange worth of the property. To find out about the property enrollment cost in the city, read on here. Update: Recently, the Maharashtra government has reported a one percent refund in stamp obligation if a property is moved distinctly in a lady's name. All ladies home buyers in Navi Mumbai...

real-estate-sales-in-mumbai-zoom-during-the-festival-season

Real estate sales in Mumbai zoom during the festival season-Propertymakkerz

The uptake is majorly due to new launches and under-construction projects. Homebuyers in Mumbai are floating more towards under-development projects and pre-dispatches as designers hit the market with new supplies floated by the concessions allowed by the state government. Offer of condos during Dasara was acceptable, says Ritesh Mehta, Senior Director, Residential Services, West India at JLL....

navi-mumbai-buying-a-house-turns-out-to-be-more-reasonable-as-the-real-estate-sector-approaches-downswing

Navi Mumbai: Buying a House Turns Out to be More Reasonable As The Real Estate Sector Approaches Downswing.

Two distinct plots in the Sanapda hub in Navi Mumbai have seen a sharp contrast in costs during the closeout this year. The thing that matters is taken a gander at as a revision to the taking off realty cost in the smaller municipality. Manufacturer Association of Navi Mumbai (BANM), a designers' body named the improvement as the start of the downswing pattern of the real estate sector in Navi...

new-launches-in-mumbai-residential-market-increased-by-33%-in-Q2CY21-:-JLL

New Launches In Mumbai Residential Market Increased by 33% in Q2CY21: JLL

MUMBAI: New launches in the Mumbai residential market increased by 33%, from 4,616 units in Q1CY21 to 6,143 units in Q2CY21, according to a study by real estate consulting firm JLL. While sales in the city remained at similar levels of Q1CY21, transactions were concentrated in the price segment of ₹50 lakh to ₹1 crore, which accounted for 40% of the sales during the quarter. Eastern suburbs...

mumbai-registration-of-housing-properties-in-bmc-region-jumps-over-4-fold-in -june

Mumbai: Registration of Housing Properties in BMC Region Jumps Over 4-fold in June.

Mumbai: Registration of Housing Properties in BMC Region Jumps Over 4-fold in June. Real Estate consultant Knight Frank India analysed the property registrations data and said, it was found that 42 per cent of registrations in June 2021 were from new residential sales concluded in the month. Registration of residential properties in the Mumbai BMC region jumped over fourfold in June to 7,857 units...

housing-prices-bound-to-go-up-in-medium-to-long-term-on-rising-construction-cost

Housing prices bound to go up in medium to long term on rising construction cost: Credai

Housing prices are likely to rise in the medium to long term as construction cost has gone up by 10-20 per cent due to a sharp increase in prices of cement and steel, realtors body Credai said on Thursday. Addressing a virtual press conference, Credai Chairman Satish Magar said housing sales have fallen “drastically” since April because of the onslaught of the second wave of the COVID-19...

navi-mumbai- international- airports-first-look-unveiled-and-it-looks-incredible

Navi Mumbai International Airport’s first look unveiled and it looks incredible.

Navi Mumbai International Airport’s first look unveiled and it looks incredible. The GVK Group known for spanning diverse sectors including energy, resources, airports and transportation today unveiled the first look of the Navi Mumbai International Airport. The GVK group had taken inspiration from 'peacock' for designing Mumbai's Terminal 2. The Indian government and the Government of Maharashtra...

property-registration-stamp-duty-revenue-collection-witnesses-a-sharp-decline

Property Registration & Stamp Duty Revenue Collection Witnesses a Sharp Decline.

The property registration and stamp duty revenue collection in Mumbai and across Maharashtra witnessed a sharp decline. In May, the property registration declined by approximately 70 per cent as compared to March this year. According to the data with the IGR Maharashtra as on dated May 31, the number of conveyance (sales) document registered in Mumbai was only 5,360 making stamp duty revenue of Rs...

mumbai-coastal-road-all-eyes-on-its-impact-on-real-estate-sector

Mumbai Coastal Road: All Eyes on its Impact on the Real Estate Sector.

Mumbai Coastal Road: All Eyes on its Impact on the Real Estate Sector.  BMC says it has no role to play in any alteration of CRZ boundaries and does not foresee any changes in near future While Mumbai’s Coastal Road project continues to take shape, entailing reclamation of 111 hectares of land, its impact on the real estate sector in the island city is a matter of heated debate and speculation....

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