Union Minister Piyush Goyal Shares His Struggles with Mumbai Developer

Piyush Goyal recently shared his personal struggles with a Mumbai developer at an event organized by the developer fraternity. He recounted how, despite purchasing his home in 2010, it took five years to obtain the Occupation Certificate after the property was completed in 2012. Goyal’s experience highlights the challenges many homebuyers faced in the pre-RERA era and underscores the need for ongoing reforms in the real estate sector.

Residential Demand Rises 12.3% QoQ with 8.3% Capital Appreciation

The latest PropIndex Report from Magicbricks highlights a notable 12.3% increase in residential demand and an 8.3% rise in prices from July to September 2024. Noida, Gurugram, and Greater Noida have seen the most significant price increases, indicating a robust market driven by both homeownership and investment interest.

Residential Rentals Surge in Mumbai’s Western Suburbs Amid High Demand

rental market in Mumbai’s western suburbs is seeing a sharp increase in prices, fueled by high demand and a limited supply of quality homes. Localities like Andheri, Goregaon, Malad, and Borivali are at the forefront of this trend, attracting both locals and expatriates seeking modern living spaces. Experts predict this upward trend will continue as infrastructure development progresses, creating lucrative opportunities for investors.

Homes Sold on Tuesday in Worli for Rs 81.45 Crore

In a notable real estate transaction in Worli, Mumbai, Ruchi Jain purchased two apartments for a total of Rs 81.45 crore. The deals, involving properties in Birla Niyara Phase 2, included ten parking spaces and a stamp duty discount for the buyer.

Logicap and Mitsubishi Estate Form Joint Venture for Industrial and Logistics Development in India

Logicap Management and Mitsubishi Estate have announced a joint venture to develop industrial and logistics facilities across India, starting with two projects in Gurgaon. This collaboration aims to address the increasing demand for modern infrastructure and support various industries, including e-commerce and manufacturing.