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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

Exclusive: BMC Seeks Special Planning Authority Status for SRA Projects on Its Land

The BMC has requested Special Planning Authority status for SRA projects on its land, hoping to accelerate redevelopment efforts. However, experts warn that this move could diminish the role of the SRA in managing slum rehabilitation in Mumbai. The proposal awaits discussion once the new state government is formed.
Luxury housing Delhi-NCR

India’s Luxury Housing Market Soars: ₹279,309 Crore in Sales with 23% Rise in Average Prices

India’s luxury housing sector has experienced robust growth in H1 FY2025, with total sales touching ₹279,309 crore, an 18% increase from last year. The average ticket size has risen to ₹1.23 crore, reflecting a growing demand for premium properties across the top metropolitan cities.
Real Estate

India’s Residential Market Set for Improved Affordability in 2025, Driven by Interest Rate Cuts

JLL’s Home Purchase Affordability Index forecasts improved affordability across India’s key residential markets by 2025, driven by a projected interest rate cut. Mumbai and Pune are nearing optimal affordability, while Kolkata will maintain its position as the most affordable market. Residential sales are set to hit record levels in 2024 and 2025, driven by rising household incomes and a potential decline in interest rates.

Mumbai-Based Developer Avighna Acquires Dubai’s Emaar Business Park 3 for Rs. 555 Crore

Avighna Group, a prominent Mumbai-based developer, has acquired Emaar Business Park 3 in Dubai for approximately Rs. 555 crore. This multi-tenanted Grade-A office building on Sheikh Zayed Road strengthens Avighna’s global real estate portfolio and marks its strategic entry into the thriving GCC property market.
CIDCO

CIDCO’s Scheme Receives 92,000 Applications for 26,000 Homes

CIDCO’s “Select My CIDCO Home” Mass Housing Scheme has generated tremendous interest, with 92,000 applications received for 26,000 affordable homes across Navi Mumbai. The registration deadline has been extended to December 11, 2024, providing more time for eligible applicants to secure their chance to own a home in one of the city’s most well-developed locations.