Maharashtra Strengthens Fire Safety Regulations: A 5-Year Review

The Bombay High Court has called on Maharashtra to fast-track stronger fire safety regulations after the Chembur fire tragedy. Chief Minister Eknath Shinde has pledged swift action to implement fire evacuation lifts and advanced safety technologies, particularly in high-rise buildings.

MHADA Konkan Board Announces Lottery for 12,626 Housing Units and Plots

The Konkan Housing and Area Development Board (MHADA) has announced a lottery for 12,626 housing units across multiple regions, including Thane and Palghar, with registration commencing on October 11, 2024. The lottery aims to provide affordable housing options, with 11,187 units available under the First-Come, First-Served scheme. The draw for eligible applicants is scheduled for December 27, 2024.

Thane Sees Sharp Rise in Under-Construction Property Prices: 19.5% Increase in Q3, Reaching INR 16,455 per sq ft

Thane’s property market sees a 19.5% rise in under-construction home prices, reaching INR 16,455 psf in Q3 2024. Despite rising prices, demand remains strong, driven by infrastructure projects and proximity to Mumbai.

Mumbai MMR Residential Market Sees Growth: Sales and Transaction Values Surge in September Quarter

Residential transactions in Mumbai’s Metropolitan Region surged by 7% in the September quarter, with sales value increasing by 10%. Godrej Properties topped the sales charts, while peripheral suburbs saw high demand for affordable homes.

Top 8 Listed Developers Slash Debt by 54% in Q1 FY25

The top eight listed developers in India have reduced their net debt by 54% in Q1 FY25, supported by a significant increase in booking values. The surge in residential sales across key cities marks a strong recovery in the sector.