The City and Industrial Development Corporation of Maharashtra Limited (CIDCO) is a linchpin in the urban planning and development sphere of Navi Mumbai. Established in 1970, CIDCO was created to alleviate the burden on Mumbai by developing a well-planned urban township in Navi Mumbai. This endeavor not only aimed to decongest Mumbai but also to create a harmonized urban environment conducive to both residential living and industrial growth. Here, we explore the significant role of CIDCO, its landmark projects, and its impact on the urban landscape of Navi Mumbai.… 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
Real estate in India to scale new heights in 2024: Experts
Thanks to policy reforms, buoyant consumer sentiment, increasing disposable income, and increasing demand for larger homes, India’s real estate sector experienced phenomenal growth in the year 2023, outperforming all previous years and setting new records. For example, according to Anarock, housing sales in the country’s top seven cities – including Mumbai, New Delhi, Pune, and NCR – reached a new high in 2023, with nearly 4.76 lakh housing units sold in 2023 compared to 3.64 lakh units in 2022 – a 31% year-on-year growth. New launches across the top seven cities increased by 25% in 2023, from around 3.57 lakh units in 2022 to around 4.45 lakh units in 2023.… Read more
Embracing Diversity: Top 10 Nationalities Investing in Emaar Properties
In the world of real estate, there’s a magical blend of cultures, dreams, and aspirations that come together to create something truly extraordinary. At Emaar Properties, this blend is celebrated, cherished, and woven into the very fabric of our developments. From Dubai to London, from Istanbul to Cairo, our properties have become a melting pot of nationalities, each bringing their unique flavor to the table. Join us on a journey as we explore the top 10 nationalities investing in Emaar Properties and discover what makes our communities so special.… Read more
The Home Credit Loan Settlement Process Simplified: Your Complete Guide
Navigating the process of settling a home credit loan can be overwhelming, but with the right information and guidance, it becomes manageable. In this detailed guide, we’ll walk you through each step of the Home Credit Loan Settlement Process, providing clarity and actionable advice to help you make informed decisions.… Read more
Kolkata Real Estate: Pros, Cons, and Investment Insights
Kolkata, the cultural capital of India, has been witnessing a surge in real estate investment opportunities in recent years. With its rich history, vibrant culture, and growing economy, Kolkata presents itself as an attractive destination for property investors. However, like any investment, it comes with its own set of risks and rewards.… Read more
Impact of GST on the Indian Real Estate Sector
India implemented the Goods and Services Tax (GST) on July 1, 2017, marking a significant shift in its indirect tax regime. GST aimed to subsume various indirect taxes, creating a unified tax structure across the country.… Read more
5 Compelling Reasons to Invest in Ahmedabad Real Estate
Ahmedabad, the vibrant city located in the western part of India, has been gaining attention from property investors across the globe. Its rich cultural heritage, booming economy, and promising real estate market make it an attractive destination for those looking to invest in property. In this article, we’ll explore five compelling reasons why Ahmedabad should be on your radar for property investment.… Read more
Decoding HRERA: A Guide to Real Estate Regulations in Haryana
In recent years, the real estate sector in India has witnessed significant regulatory reforms aimed at protecting the interests of homebuyers and ensuring transparency in property transactions. One such crucial legislation is the Haryana Real Estate Regulatory Authority (HRERA), which plays a pivotal role in governing the real estate market in the state of Haryana, particularly in Gurugram, a prominent real estate hub. This article provides a comprehensive overview of HRERA and essential aspects that potential homebuyers need to consider before investing in real estate in Haryana in 2024.… Read more
Decoding India’s City Tiers: Real Estate Impact
In India, urbanization has led to the classification of cities into different tiers based on various socio-economic factors. Understanding the classification of Tier 1, Tier 2, Tier 3, and Tier 4 cities is crucial for investors, developers, and policymakers, particularly in the real estate sector. Let’s delve into the characteristics of each tier and their respective real estate impacts.… Read more
