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MMR

157 posts
Home prices in key Indian cities surged between 2021 and 2024, outpacing rental growth

Home Prices Surge Faster Than Rents in Key Indian Cities

New data from ANAROCK reveals that capital values in major Indian cities have risen faster than rental growth between 2021 and 2024. Noida’s Sector-150 led the surge with a 128% increase, while Hyderabad, Bengaluru, and Mumbai Metropolitan Region (MMR) also saw substantial appreciation. Meanwhile, cities like Pune, Kolkata, and Chennai experienced higher rental growth than home price increases, signaling key trends for investors and homebuyers.
Maharashtra budget

Maharashtra Budget 2024: Real Estate Sector Welcomes Infrastructure and Housing Push

The Maharashtra Budget 2024 has been well received by real estate and infrastructure leaders, with major investments in urban development, housing, and industrial expansion. CREDAI-MCHI hails the budget as a catalyst for economic growth, strengthening the Mumbai Metropolitan Region’s position as a key economic hub.
New home launches dominated sales in India's top 7 cities in 2024

New Home Launches Dominate Sales in Top 7 Indian Cities in 2024

India’s real estate market is witnessing a major shift, with newly launched homes accounting for 42% of total sales in 2024. Bengaluru and Chennai led with a 53% share of fresh supply absorption, while NCR saw remarkable growth in new project demand. As homebuyers prioritize affordability and future returns, leading developers are driving the trend with strategically located, well-planned projects.
Leasing

Net Absorption in Indian Office Markets to Surpass 60 msf in FY2026: ICRA

India’s top six office markets—Bengaluru, Chennai, Delhi-NCR, Hyderabad, MMR, and Pune—are projected to achieve a record-breaking net absorption of 60 msf by FY2026, according to ICRA. Vacancy levels are expected to hit decade-lows, while retail mall operators will witness steady rental income growth despite challenges from rising e-commerce competition.
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.