Redevelopments in Mumbai – Reinventing Maximum City

Mumbai, 25 August 2021: Towards the beginning of the pandemic, redevelopment in Mumbai had switched to the slow lane. Lack of capital and construction manpower and a seriously compromised construction materials pipeline were only one side of the problem. Another dampener was the fact that government offices were functioning erratically at best – and redevelopment […]

Mahim-Matunga: South-Central Mumbai’s prime residential corridor

Mumbai, 19 August 2021: The Mahim-Matunga region has developed into a plush destination with property trends showing high market prices, continually heading northwards. In the beginning of the festive quarter in October 2020, South-Central Mumbai localities witnessed luxury home sales worth over Rs 500 crore, as per an analysis by Anarock Property Consultants. Experts believe […]

NCR Real Estate Market – A 2015-2021 Timeline

New Delhi, 10 August 2021: Paradoxically, it was the NCR real estate market’s erstwhile reputation as a hotbed for untoward market practices that laid the foundation for structural reforms like RERA. Contrary to all previous perceptions of this region’s real estate market, NCR is now the new frontier of change. From the glory days of local players between […]

Real estate continues to be preferred asset class for investment; Residential realty consumer outlook cautiously optimistic for coming six months: & NAREDCO Survey

New Delhi, 28th July 2021: Real estate continues to be the preferred asset class for investment in the wake of the COVID-19 pandemic, but majority of homebuyers want discounts along with flexible payment options as an incentive, according to the and NAREDCO survey. The real estate portal conducted the survey between January to June this year of more than […]

85% Buyers in NCR Bought 1st Homes, 65% in MMR Upgraded House Sizes Post COVID-19

New Delhi, 27 May 2021: The pandemic has brought forth many contrasting trends in the country’s two major real estate hotspots – NCR and MMR. Of the total housing sales in NCR (nearly 21,750 units) and MMR (approx. 47,140 units) in the nine months between July 2020 and March 2021, 85% of buyers in NCR purchased […]

Mahindra Rural Housing Finance, India Post Payments Bank Partner for Cash Management Solution

Mumbai/New Delhi, May 24, 2021:  Mahindra Rural Housing Finance Limited (MRHFL), a subsidiary of Mahindra and Mahindra Financial Ltd, and India Post Payments Bank (IPPB) today announced a strategic partnership for cash management solution. As part of the tie-up, IPPB will be offering cash management and collection services to MRHFL through its access points and postal service […]

4 Years on, RERA Registers 63,583 Projects, Disposes of 65,539 Complaints

Mumbai, 5 May 2021: Four years after its implementation, RERA is coming closer to being the force it was envisioned to be – especially in disposing of consumer complaints across different states and UTs. As many as 65,539 cases have been disposed of by the respective state authorities as of 24 April 2021, according to data […]

Mumbai witnesses over 10000 property registrations in April 2021

Mumbai, 03 May 2021: Just after the Maharashtra government discontinued the stamp duty waiver on property registrations from April 2021, the month has witnessed the registration of as many as 10,136 properties in Mumbai. The data was made available by Maharashtra’s Department of Registration and Stamps. There was a 43 percent decline in just about […]

Luxury home sales in Delhi/NCR surge a record 54% in February 2021: PropEquity Study

14 April 2021, New Delhi: In a report released by PropEquity, India’s leading real estate data, research and analytics firm, total absorption or sales of luxury home units in Delhi/NCR increased by 54% from 709 units in February 2020 to 1095 in February 2021. Not just in Delhi NCR, home sales increased in the top six […]