Browsing Tag

Mumbai Property Market

47 posts

Bombay HC GST Relief Verdict Could Unlock Rs. 30,000 Cr Redevelopment Potential in Mumbai

The recent Bombay High Court ruling in the Shrinivasa Realcon case has clarified that GST does not apply to redevelopment projects where no transfer of development rights or FSI occurs. CREDAI-MCHI says this verdict could unlock over ₹30,000 crore worth of stalled redevelopment in Mumbai, urging policymakers to act swiftly on GST clarity to rejuvenate the city’s aging housing stock.
Oberoi Realty

Oberoi Realty Clocks Rs 970 Crore in Bookings for New Goregaon Tower

Oberoi Realty has achieved Rs 970 crore in bookings for its latest launch—Elysian Tower D—at Oberoi Garden City in Goregaon. With premium 3 and 4-BHK residences and a ready urban ecosystem, the project highlights Mumbai’s growing appetite for integrated luxury living.
Lodha

Lodha Registers ₹4,810 Crore (₹48.1 Billion) Sales in Q4, Crosses ₹17,620 Crore (₹176.2 Billion) in FY25

Lodha, one of India’s top real estate developers, closed FY25 on a high note with record Q4 sales of ₹4,810 crore and total annual pre-sales reaching ₹17,620 crore. Driven by robust project launches and strong NRI demand, the company now eyes further growth in FY26 with a ₹20,000 crore launch pipeline.
Maharashtra Government Hikes Ready Reckoner Rates for 2025-26; Property Prices Set to Rise

Maharashtra Government Hikes Ready Reckoner Rates for 2025-26; Property Prices Set to Rise

The Maharashtra government has announced a revision in Ready Reckoner Rates (RRR) for 2025-26, leading to an average hike of 3.89% across the state. Mumbai sees a 3.4% increase, while Thane, Solapur, and other key cities experience sharper hikes. This revision is set to impact property valuations, stamp duty, and registration charges, potentially raising real estate costs for buyers and investors. Industry experts urge a gradual approach to balance market stability and affordability.
Some Indian housing markets have doubled in value since 2021. ANAROCK data reveals the 14 micro markets leading this boom, their growth drivers, and the investment outlook for 2026.

Mumbai Records 15,501 Property Registrations in March 2025, Generating ₹1,589 Crore in Revenue

Mumbai recorded a significant increase in property registrations in March 2025, with 15,501 transactions generating ₹1,589 crore in stamp duty revenue. This marks a notable rise compared to March 2024 and February 2025, highlighting renewed activity in the city’s real estate market.