Industry Updates

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....

birlas-betting-big-on-realty-lines-up-rs-1000-cr-capex-for-birla-estates-this-fiscal

Birlas betting big on realty lines up Rs 1,000-cr CAPEX for Birla Estates this fiscal.

Birlas betting big on realty lines up Rs 1,000-cr CAPEX for Birla Estates this fiscal Century Textiles & Industries, which runs three business verticals -- paper & pulp, realty and paper tissues, and nets over 70 per cent of the income from the first -- is diverting its focus onto the real estate business and has lined up Rs 1,000 crore for capex this fiscal for its ongoing and upcoming...

housing-loan-market-grows-by-9.6-in-december-quarter

Housing loan market grows by 9.6% in December quarter.

Housing loan market grows by 9.6% in December quarter. The portfolio outstanding of the sector stood at ₹22.26 lakh crore as of December 2020, as compared to ₹20.31 lakh crore as of December 2019 The housing loan market in the country witnessed a rebound and registered a year-on-year growth of 9.6 percent in terms of portfolio outstanding (PoS) in the third quarter of FY2021, despite the...

macrotech-to-double-its-investment-in-construction-to-₹2800-crores-in-FY22

Macrotech to double its investment in construction to ₹2,800 crores in FY22

Macrotech to double its investment in construction to ₹2,800 crores in FY22 Realty firm Macrotech Developers will double its investment on construction to ₹2,800 crore in this fiscal to speed up works at various projects which were hampered last year due to the COVID-19 pandemic and a nationwide lockdown. Mumbai-based Macrotech Developer, earlier known as Lodha Developers, is one of the leading...

navi-mumbai-cidco-to-issue-provisional-noc-for-utilising-additional-fsi-under-udcpr-2020

Navi Mumbai: CIDCO to issue provisional NOC for utilizing additional FSI under UDCPR 2020

Navi Mumbai: CIDCO to issue provisional NOC for utilizing additional FSI under UDCPR 2020. In order to stimulate growth in the real estate sector, the City and Industrial Development Corporation (CIDCO) has decided to issue a provisional no-objection certificate (NOC) for using additional floor space index (FSI) in Navi Mumbai. The use of additional is FSI allowed under the ‘Unified Development Control...

Compare listings

Compare