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Builders urge Maharashtra government to review, ease lockdown rules
Publish on : 2021-04-08 19:23:15
The Builders Association of India said the builders are expected to face challenges to meet the condition on vaccination of workers because most construction workers were below the minimum age of 45 years set for the inoculation. Property developers in Maharashtra have urged the state government...
Net absorption in office market dips 33% at 5.53 million sq ft in Q1 2021: JLL
Publish on : 2021-04-08 19:21:35
New completions during Q1 2021 were recorded at 13.43 million sq ft, a marginal increase of 5% q-o-q. NEW DELHI: The overall office market in India witnessed a net absorption decrease of 33% in Q1 2021 quarter-on-quarter (Q-o-Q), with 5.53 million sq ft leased during Jan to March 2021, according...
Mumbai region, Pune, Bengaluru top three cities for property investment: Report
Publish on : 2021-03-24 11:52:01
Interestingly, Bengaluru and Pune have, respectively, also been declared the top two most liveable cities of India in the recent Ease of Living Index published by the Ministry of Housing and Urban Affairs (MoHUA). Mumbai Metropolitan Region (MMR), Pune and Bangalore have emerged as the top three...
Navi Mumbai residential launches witness 5% increase in flat sizes in H2 2020: Report
Publish on : 2021-03-24 11:50:58
The city registered residential sales of 2,384 units in the second half of 2020 and new launches at 2,860 units during the period. Home sales in MMR witnessed a rise of 10.39% YoY to 30,041 units in H2 2020 and new launches saw a decline of 25.26% YoY to 26,904 units. In the backdrop of rising de...
Mumbai has the highest construction cost among top six metros: Report
Publish on : 2021-03-24 11:49:08
Hyderabad and Chennai, on the other hand, have the lowest average construction costs where costs are about 14% lesser than Mumbai. NEW DELHI: Mumbai has the highest construction cost among the six metros in India, according to a recent report by JLL India. The cost of construction in Mumbai is on...
Boost for self-redevelopment: Societies can now take housing finance loans
Publish on : 2021-03-24 11:47:25
This is for the first time that cooperative housing societies have been allowed to borrow from housing finance companies (HFCs). MUMBAI: In a major boost to self-redevelopment of cooperative housing societies, the Reserve Bank of India (RBI) has included them in the list of allowed borrowers for...
Office space leasing across India's six major cities likely to grow 22% in 2021: Report
Publish on : 2021-03-24 11:45:51
Of the major cities, the country’s financial capital Mumbai is likely to post the highest on-year growth in leasing activity at 5.5 million sq ft in 2021 against 2.9 million sq ft absorption clocked in 2020. uarters, said international property consultant Savills India. Of the major cities, th...
Mumbai property registration spike continues, February records 70% growth
Publish on : 2021-03-13 17:36:32
Property registrations in Mumbai have recorded over 70% on-year rise in February, the sixth successive month with significant growth in numbers as the rush among homebuyers to conclude their transactions continued. The real estate market in the country’s financial capital continues to witness sha...
Maharashtra offers 1% rebate on stamp duty for women home owners
Publish on : 2021-03-13 17:34:44
"On International Women's Day, I propose concession in stamp duty of 1 per cent over the prevailing rate exclusively to women, provided the transfer of house property or registration of sale deed is in the name of woman or women only," he said. The Maharashtra government's budget for 2021-22, pre...
Consent of 51% flat-buyers must to tweak project, extend deadline: MahaRERA
Publish on : 2021-03-13 17:33:19
The builder will require the consent of at least 51% of the allottees if he wants extension of completion date of the project. The consent will now be required with their names, flat numbers and signatures. MUMBAI: Builders will no longer be allowed to get away with sketchy details or shoddy pape...

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