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Realty

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Stay updated with the latest news and trends in the realty sector. This tag encompasses various aspects of real estate including property developments, market insights, investment opportunities, and industry news, providing comprehensive coverage for real estate professionals and enthusiasts.

Get the latest news, trends, and insights in the real estate industry. This tag covers a wide range of topics including market analysis, property developments, investment opportunities, and residential and commercial real estate updates. Stay informed about the dynamics shaping the real estate sector.

Mumbai

Mumbai Real Estate Market Surges in 2024: Highest Property Registrations in 13 Years

Mumbai’s real estate market hit a historic high in 2024 with over 1.41 lakh property registrations, marking the highest figure in 13 years. This surge, coupled with a 12% increase in revenue from stamp duty collections, highlights strong demand, especially in the premium housing sector. Despite global economic challenges, Mumbai’s property market remains resilient, with key suburbs driving the growth. Industry leaders attribute this to favorable economic conditions and evolving buyer preferences.
Modi wants to build 3 crore homes for urban and rural poor

PM to Inaugurate 1,675 Newly Constructed Flats for EWS in Delhi

On January 3, 2025, Prime Minister Narendra Modi will inaugurate 1,675 newly constructed flats for residents of Delhi’s JJ clusters under the In-Situ Slum Rehabilitation Project at Swabhiman Apartments. The Prime Minister will also lay the foundation for key urban and educational projects, further transforming the city’s infrastructure. These developments highlight the government’s commitment to providing better housing and sustainable living solutions for all citizens.
Manju Yagnik

Key Real Estate Trends in 2024: Rapid Urbanization, Demographic Shifts, and Rising Foreign Investment

In 2024, India’s real estate market continues to thrive with robust demand in both luxury and affordable housing sectors. Manju Yagnik, Vice Chairperson of Nahar Group, highlights trends such as the rising focus on green living, increasing infrastructure investments, and urbanization. With Maharashtra’s infrastructure projects transforming the region, the year is set to close as the best in terms of real estate performance, driven by economic growth and strong fundamentals.
MahaRERA

MahaRERA Redefines Criteria for SROs to Benefit Developers Outside MMR

MahaRERA has announced a change to its criteria for forming Self Regulatory Organisations (SROs), reducing the minimum project requirement from 500 to 200 for developers outside the Mumbai Metropolitan Region (MMR). This reform aims to provide more accessible regulatory guidance, helping developers streamline project registrations, renewals, and compliance processes across Maharashtra.
Mumbaikars get property tax relief

BMC Revises Interest Rates for Installment Payments on Building Permission Fees

On January 1, 2025, the Brihanmumbai Municipal Corporation (BMC) revised its installment payment policy for building permission fees, including IOD and CC. The revised policy introduces a higher interest rate of 12% per annum for fresh proposals, with increased penalties for defaults. The changes aim to ensure timely fee recovery and improve financial accountability in the city’s construction sector.