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Mumbai property market growth Navratri 2024

Mumbai’s Property Market Registers Growth During Navratri 2024, Signals Festive Optimism

During the Navratri festival, Mumbai’s property market recorded a 13.2% increase in property registrations, totaling 5,199 transactions from October 3 to 11, 2024. The surge signals growing buyer confidence and a thriving real estate sector, supported by favorable economic conditions and strategic investments.
  • October 18, 2024
MahaRERA

After a Decade of Waiting, MahaRERA Orders Homebuyer to Settle Remaining Payment for Flat Booking

On October 17, 2024, MahaRERA issued a significant order in the case of Rajendra Bhabutmal Shah vs. Shatrughan Bhanudas Chavare, instructing the homebuyer to pay the outstanding balance for a flat booked nearly ten years ago. This decision emphasizes the need for adherence to contractual commitments in real estate dealings.
  • October 18, 2024
Unsold stock of homes

Young Homebuyers (18-34 Years) Betting Big on Real Estate: Key Insights on Cities and Budgets

A recent Housing Sentiment Index report reveals that young homebuyers aged 18-34 are showing strong interest in real estate, with a preference for properties priced between Rs 20-75 lakh. Key investment locations include Gurugram, Hyderabad, and Ahmedabad, driven by infrastructure growth and a focus on affordability.
  • October 17, 2024
Smartworks has signed a major ~1.66 lakh sq ft lease with Wolters Kluwer in Pune’s Kalyani Nagar, reinforcing its leadership in managed office campuses and accelerating enterprise-driven growth across India.

Minimalist Hotels Launches Coworking Spaces

Minimalist Hotels has introduced coworking spaces at its locations in Goa, Delhi, and Varanasi, merging café environments with productive work areas for digital nomads. This initiative caters to remote workers, offering flexible and inclusive spaces designed for creativity and collaboration.
  • October 17, 2024
Industrial and Warehousing real estate industry

Indian Warehousing Demand Projected to Reach 1.2 Billion Sq. Ft by 2027, According to JLL

The Indian warehousing sector is on the verge of significant growth, with demand expected to reach 1.2 billion sq. ft by 2027. A recent JLL report highlights the rise of Grade A warehouses and the emergence of Tier II and III cities as key players in this transformation, driven by e-commerce and third-party logistics.
  • October 17, 2024