Mumbai

Listen To The Article The data analytics company PropEquity revealed that the unsold housing stocks reduced by 6% between January and March to approximately 5.18 lakh units across 14 Indian cities, compared to the prior quarter. Between the first trimester of the year, unsold inventory decreased from 5,48,217 units to 5,17,879 units. Housing sales were 1,23,938 units during the January to March...

Listen To The Article Renowned developers and foreign funds focused on Delhi-NCR and Mumbai to invest in land acquisition throughout 2018–2022, as over 60% of the fund was used in these two major cities, according to an analysis conducted by property consultancy firm CBRE. Delhi-NCR attracts approx. 3.8 billion to acquire 1760 acres of land spread across 67 deals, while Mumbai witnesses 73...

Listen To The Article K Raheja Realty, a Mumbai-based real estate developer, has launched a premium ready-to-move-in residential property. Tower G at Raheja Residency in Malad East offers 2BHK luxury residences beginning at Rs 1.95 crore. The 20-story tower will have four units on each floor, and the early bird booking offer will begin around April 30, 2023. The property, which is in a good...

Listen To The Article The New Delhi Railway Station is set to undergo a major renovation this year, which will be completed in three phases. Initially, the station’s only platform was between platform 16 Ajmeri Gate and platform 1 Paharganj. The Indian government announced in 2022 that the New Delhi Railway Station would be renovated at the cost of Rs. 4,700 crores. The Union Cabinet had...

Listen To The Article K Raheja Corporation, a real estate developer, has paid more than Rs 275 crore for floor space index (FSI) rights in central Mumbai's Wadala neighborhood from a joint venture between MM Developer and Saroj Landmark Realty LLP. The FSI rights will be used to develop the free-sale component of a slum rehabilitation project in Shanti Nagar, Wadala. The project's slum...

Listen To The Article Arkade Group, a Mumbai-based redevelopment builder, has purchased a plot from Bajaj group company Hercules Hoists for more than Rs 103 crore.  The company will construct a residential project on 8300 square metre plot in Mulund's eastern suburbs, with the potential to develop 0.5 million square feet of 2 and 3-BHK apartments. According to Amit Jain, Managing...

Listen To The Article According to international property consultant Savills, premium residential values in Mumbai, Bengaluru, Delhi, Gurugram, and Noida will rise significantly through 2022. Demand for rental properties has also increased as professionals have returned to their workplaces. End-users are considering renting larger homes in residential complexes with superior facilities in...

Listen To The Article The budget decision to limit the deduction from capital gains on investment in residential property under Sections 54 and 54F to Rs 10 crore is likely to dampen demand for super-luxury real estate. Sections 54 and 54F of the Income Tax Act of 1961 apply to long-term capital gains (LTCG) on selling capital assets such as homes, equity, bonds, and gold and their...

Listen To The Article K Raheja Corporation Homes, the residential development arm of real estate developer K Raheja Corporation, has agreed to build a 1 million square foot luxury housing project on a 3-acre prime land parcel in Mahalaxmi locality, South Mumbai. The project will be developed through a sale agreement for the plot currently owned by Modern India, which has business interests...

Listen To The Article Mahindra Lifespace Developers, a leading real estate and infrastructure development body of Mahindra Group, will revamp two neighboring residential societies in Mumbai’s Santacruz West. These two residential projects will be developed on approximately 1.27 acres with a revenue potential of about 500 crores.  As per Arvind Subramanian, MD and CEO of Mahindra...