The real estate market of Mumbai, India’s financial hub, has shown remarkable growth in the first quarter of 2024. According to a recent report by Knight Frank India, both the residential and office sectors in Mumbai have experienced unprecedented gains. The city registered the highest number of residential unit sales among eight Indian cities and saw a significant increase in office space transactions. This blog delves into the details of this growth, exploring the dynamics driving these sectors and what potential investors might expect in the future. … Read more
Exploring the Top 5 Posh Residential Areas in Kochi for Investment
Kochi, often hailed as the ‘Queen of the Arabian Sea’, offers a compelling mix of traditional and modern influences and is a prime real estate hotspot in South India. As Kochi continues to expand its economic, industrial, and tourist sectors, the city’s real estate market is buzzing with activity, attracting both investors and homebuyers alike. Here’s a deep dive into the top five posh areas in Kochi for residential investment, offering the best in luxury, amenities, and accessibility.… Read more
Discover Resort-Style Living at Godrej Reserve, Kandivali East, Mumbai
Mumbai, a bustling metropolis, offers a variety of residential options catering to diverse preferences and lifestyles. In the heart of this vibrant city, Kandivali East emerges as a preferred destination for potential homebuyers seeking a blend of modernity, convenience, and tranquility. One of the standout projects that encapsulate these qualities is Godrej Reserve, a newly launched venture by the renowned Godrej Properties. This extensive guide delves into what makes Godrej Reserve not just a house, but a home that promises a resort-like living experience.… Read more
The MahaRERA Project Approvals in FY24: A Closer Look at the Landscape
Tags: IndiaReal Estate
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has played a pivotal role in shaping the real estate landscape of Maharashtra, ensuring transparency and accountability. In the fiscal year ending March 31, 2024, MahaRERA has demonstrated its continued commitment to regulating the sector by approving a significant number of new housing projects. This blog post delves into the details of these approvals, providing insights into regional trends and the implications for stakeholders in the real estate market.… Read more
Maharashtra Extends Stamp Duty Amnesty Scheme 2023: A Respite for Property Owners
The Maharashtra government, in a significant move to alleviate the financial burden on property owners, has extended the Stamp Duty Amnesty Scheme till June 30, 2024. Initially set to expire on March 31, 2023, this extension is a response to the state’s lower-than-expected revenue mobilization and a concerted effort to continue supporting the citizens during challenging economic times. This blog delves into the intricacies of the scheme, highlighting its procedure, benefits, and broader impact on the real estate sector.… Read more
Delhi Metro’s Rooftop Solar Tender: A New Era in Sustainable Urban Transit
Delhi Metro Rail Corporation (DMRC), a pioneer in urban transit solutions, is setting a new benchmark in sustainable development with its latest initiative to harness solar energy. The issuance of a tender for rooftop solar projects across its stations and depots marks a significant step towards achieving energy efficiency and reducing carbon emissions. This move not only underscores Delhi Metro’s environmental stewardship but also propels the city’s public transportation system into a greener future.… Read more
Reimagining Urban Mobility in Faridabad and Gurugram: A Forward- thinking Step
Tags: IndiaInfrastructure
There is little doubt that for Gurugram and Faridabad to keep up with the high rate of urbanization, they need to make a bold upgrade to their transportation infrastructure. With 150 buses in Gurugram and 50 in Faridabad, the present fleet is insufficient to meet the growing demand. The size of the increase needed is shown by the estimated demand for 1025 buses by 2031—Faridabad alone will require 595 vehicles.… Read more
Financial Checklist for Buying a House in India
Tags: Home BuyingIndia
Buying a house is a significant milestone, and it’s crucial to approach it with careful financial planning. In this comprehensive guide tailored for our Indian audience, we’ll walk you through a detailed financial checklist to ensure a smooth and well-informed home-buying journey. From assessing your financial health to navigating the intricacies of home loans, let’s delve into the key considerations for making your dream home a reality.… Read more
Everything you need to know about the RERA Act
RERA is an act of the Indian Parliament. The RERA Act aims to safeguard the interests of home buyers and to encourage investments in the property sector. The RERA Bill was approved by the Parliament’s Rajya Sabha on 10 March 2016, after which it was approved by the Lok Sabha on 15 March 2016. The Act entered into force on 1 May 2016. 59 out of the 92 sections of the Act were notified on 1 May 2016, while the remaining provisions entered into force on 1 May 2017. The State Governments have to notify their rules under the RERA Act, based on the model rules laid down in the central Act.… Read more
GST on rental: Everything you need to understand about the appropriate tax rate
Tags: IndiaReal EstateRental
The introduction of GST has had a considerable influence on the residential and commercial real estate industries. The rental market, like the financial market, is subject to the tax levy. Rental revenue from commercial units, for example, is subject to GST. Other regulations and exclusions of the new tax regime concerning rental properties are listed below.… Read more
