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MahaRERA permits buyer to exit project due to false information in brochure
Publish on : 2022-04-30 17:10:05
The order issued by MahaRERA member Vijay Satbir Singh on April 22 for a project in the state allowed the homebuyer to withdraw from that with a refund and interest over false representation in brochures by the developer under Section 12 of the Real Estate Regulatory Act (RERA) 2016. PUNE: False...
26,000 house registrations recorded in Jan-Mar quarter
Publish on : 2022-04-23 13:15:51
Navi Mumbai: More than 26,000 house registrations have been recorded in the last quarter of the financial year 2021-2022 (January 2022 to March 2022). City developers have called the numbers good for the real estate market. As per the Maharashtra Chamber of Housing Industry (MCHI-Navi Mumbai), tota...
Residential demand in Mumbai increases 15.2 percent
Publish on : 2022-04-19 14:50:26
Housing demand (searches) in Mumbai grew 15.2% while supply (listings) grew 3.8% QoQ, revealed Magicbricks PropIndex Report Q1’ 2022. The report further observed that in Mumbai, smaller-sized 1 and 2 BHK apartments dominated the homebuyers’ preference and cumulatively accounted for 69% of the demand...
Unsold Affordable Housing Stock Declines 21% in 2 Years, Luxury By 5%
Publish on : 2022-04-19 14:47:09
• As of Q1 2022-end, the total available stock of affordable housing (INR 2.5 Cr) decl...
No NOC from housing society is needed to sell or rent flat in Mumbai, says Minister Jitendra Awhad
Publish on : 2022-04-13 12:12:49
Awhad said Mumbai has been a leading cosmopolitan city across the world and if an owner is not allowed to sell or rent his or her flat to a particular caste, creed, religion and community it will hurt the city's image 
 Maharashtra Housing Minister Jitendra Awhad announced on Tuesday that no prior...
Maharashtra to start collecting 1% metro cess on property purchases from April 1
Publish on : 2022-04-07 12:07:00
Bhushan Gagrani, principal secretary (urban development), said the state government had taken a decision in February 2019 to levy one per cent metro cess on property purchases in four cities including Mumbai. MUMBAI: The Maharashtra government will once again start collecting one per cent metro c...
Housing sales up 9% during Jan-Mar across top eight cities: Knight Frank
Publish on : 2022-04-07 12:04:01
"In the first quarter of 2022, 78,627 new homes were sold across the top eight cities which was higher by 9 per cent YoY (year-on-year) as against same time last year," the consultant said in a statement. NEW DELHI: Housing sales rose 9 per cent to 78,627 units during the January-March period, hi...
Maharashtra government raises ready reckoner rates by average 5%
Publish on : 2022-04-02 18:02:53
In Mumbai municipal corporation area, the rates have been increased by an average of 2.34 per cent. In Pune, Thane, Navi Mumbai corporations, the ready reckoner rates have been increased by 6.12, 9.48 and 8.90 per cent, respectively. PUNE: The Maharashtra government on Thursday hiked ready reckon...
Mumbai: BMC's property tax collection up by 10% in a year
Publish on : 2022-04-02 18:00:46
Last time, owing to the pandemic, the BMC was able to collect Rs 5,090 crore as property tax till the end of the financial year which this time it hoped to surpass with the Covid situation in the city coming under control. MUMBAI: Property tax collection by the BMC for the 2021-22 financial year...
Over Rs 1,131-crore stamp duty collected in March in Mumbai
Publish on : 2022-04-02 17:58:43
The performance has surpassed the previous high of Rs 875 crore touched in March 2021, when homebuyers had taken advantage of lower stamp duty benefit. Property registration in Mumbai, the country’s biggest and most expensive real estate market, has continued its record-setting spree by scaling a...

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