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Indian property sector's 2021 outlook resilient; office realty to lead revival

Publish on : 2020-12-01 18:44:24

Three bids were received for the stuck project until the deadline of November 20 including one from a Pune-based realty developer Anirudh Deshpande and a Dubai-based fund. The sheer size of the land and its far away location from either Mumbai or Pune are also deterrents for bidders. MUMBAI: Fina...

Uniform development rules coming across Maharashtra

Publish on : 2020-11-27 16:25:13

Thane, Navi Mumbai, Pune, Aurangabad, Nashik, Nagpur, Solapur and Kolhapur will come under the ambit of the new rules, which are likely to bring uniformity in width of roads, size of rooms, etc. MUMBAI: After a delay of three years, the state is finally set to implement a unified development cont...

NAREDCO Maharashtra extends zero stamp duty benefit for buyers until Dec end

Publish on : 2020-11-27 16:18:51

The government of Maharashtra has already reduced the stamp duty on property registrations to 2% --from earlier 5%--for transactions between September 1 and December 31. From January 1 to March end, the stamp duty will be 3% for registered agreements. Realty developers body NAREDCO Maharashtra ha...

Demand for luxury residences in Mumbai set to rise in 2021; prices to remain flat: Report

Publish on : 2020-11-27 16:14:51

Prices of prime residential properties across the top 22 global cities, on average, are expected to remain static in 2020, before rising by 2% in 2021, Knight Frank’s Prime Global Forecast 2021 report said. MUMBAI: The demand for luxury residences in Mumbai is expected to rise significantly in 20...

Pune realtor files MPID Act case on Mumbai-based Ahuja Properties

Publish on : 2020-11-27 16:12:54

Taking cognisance of the private complaint filed by Haresh and Mehak Setpal, the Pune sessions court ordered that two separate FIRs be lodged against Ahuja Properties and Associates, and its partners. PUNE: Yet another case has emerged under the Maharashtra Protection of Interest of Depositors (i...

Realtors seek reallocation of Navi Mumbai plots as new CRZ rule blocks development

Publish on : 2020-11-27 16:09:12

While these plots were allotted by CIDCO itself for development and it continues to charge additional lease premium from developers, the development is not allowed now. MUMBAI: Realty developers in Navi Mumbai are seeking reallocation of plots, development of which has been stuck due to a new Coa...

Flat buyers can’t seek relief for delay after project ready: MahaRERA

Publish on : 2020-11-20 15:02:08

MUMBAI: Flat buyers are not entitled to compensation for delay if the demand is made after the project is complete or handing over possession has begun, said Maharashtra Real Estate Regulatory Authority or MahaRERA. On November 12, MahaRERA rejected a plea for compensation sought by Ashley Serrao...

Pune residential sales up 58% quarter-on-quarter in Q3, launches rise 55%

Publish on : 2020-11-03 21:56:04

Residential launches in the city saw a 55% sequential jump to 1,756 new units during the quarter with locations like Kharadi, Hinjewadi, Wakad and Hadapsar accounting for more than 50% of the launches, showed data from property consultancy JLL India. MUMBAI: Property market of Pune has witnessed...

Mumbai property registrations see sharp recovery in October; up 36% YoY

Publish on : 2020-11-03 21:54:05

n an indication of a robust revival from pre-Covid level, the registration of apartments rose 34% from levels witnessed in February, showed data from the office of the Inspector General of Registration Maharashtra. Residential property sales in Mumbai, the country's hottest property market, has r...

Residents in Pune against handing amenity spaces to builders

Publish on : 2020-10-31 20:44:03

At least eight resident associations submitted protest letters in this regard to municipal commissioner Vikram Kumar this week. PUNE: Resident associations from across the city are readying to fight the civic body’s proposal to lease amenity space to private builders for development. At least eig...