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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.

BMC

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.
Mumbai Home Sales

Mumbai Sees 115 Property and 868 Rental Registrations on Day 1 of 2025

On January 1, 2025, Mumbai recorded 115 property registrations and 868 rental agreements by 5 pm, marking a significant start to the year in real estate and rental activities. According to data from the Inspector General of Registration, this surge in registrations reflects a thriving property market and a high demand for rental properties in the city.
TATA

Tata Consulting Engineers Acquires US-Based CDI Engineering Solutions to Expand Global Footprint

Tata Consulting Engineers (TCE) has acquired CDI Engineering Solutions, a prominent US-based engineering firm with a 75-year legacy. This strategic move strengthens TCE’s global presence and positions the company to tackle critical challenges in energy transition, sustainability, and infrastructure development. The acquisition combines TCE’s expertise with CDI’s technical excellence, offering enhanced value to clients worldwide.
Mumbai home sales September 2024 decline

Mumbai Property Market Sees Growth in December 2024, With Higher Registrations and Revenue

Mumbai’s real estate market experienced steady growth in December 2024, with 12,335 property registrations and ₹1,127 crore in revenue, reflecting a 0.4% increase in registrations and a 20.8% rise in revenue from 2023. The number of registrations also rose by 31.8% compared to December 2022, indicating strong recovery and growth post-pandemic. Despite a drop from the high numbers seen in December 2020, the market continues to show resilience with increasing property demand and rising prices.
residential real estate

Residential Property Transactions Soar Past 5.5 Lakh in 2024, Grossing Over Rs. 4 Lakh Crore; Property Prices Surge 60% in Five Years

In 2024, India’s residential property market continued to thrive with nearly 5.77 lakh registered transactions, surpassing Rs. 4 lakh crore in value. This growth, marked by a 60% increase in property prices over the last five years, highlights a strong demand for homes across top cities. Gurugram, in particular, saw remarkable price hikes, with a 132% increase since 2019. The outlook for 2025 remains positive, with expectations of further growth in both demand and supply.