Browsing Tag

property market

22 posts
Akshay Kumar

Akshay Kumar and Twinkle Khanna Sell Luxury Worli Apartment for ₹80 Crore

Bollywood superstar Akshay Kumar and his wife Twinkle Khanna have sold their luxury apartment in Worli’s Three Sixty West for ₹80 crore. The 6,830 sq. ft. flat, located on the 39th floor, includes four car parking spaces. The deal was registered on January 31, 2025, with a stamp duty payment of ₹4.8 crore. Akshay originally purchased the property in 2015 for ₹27.94 crore, later selling a portion to Twinkle for ₹32 crore.
Unsold stock of homes

RBI Cuts Repo Rate by 25bps: A Boon for Homebuyers and the Real Estate Sector

The RBI’s decision to cut the repo rate by 25 bps to 6.25% is a significant boost for the real estate sector. Experts believe this move, coupled with recent tax benefits, will make home loans more affordable, encourage homebuyers, and drive market growth. Industry leaders highlight the positive impact on liquidity, affordability, and overall demand in both residential and commercial real estate.
RBI

RBI Cuts Repo Rate by 25bps: Lower Home Loan Interest for Homebuyers

The RBI’s 25 bps repo rate cut to 6.25% is a major boost for homebuyers, reducing EMIs and making housing more affordable. Developers also benefit from lower financing costs, driving project completion and market growth. Experts see this as a key step toward strengthening the real estate sector in 2025.
Mumbai

Mumbai Skyline Redefined: Maharashtra Considers Raising Building Height Cap to 180 Metres

The Maharashtra government has proposed raising Mumbai’s high-rise building height limit from 120m to 180m, allowing structures up to 60 floors. Real estate experts support the move, citing growth, sustainability, and improved urban planning.

Tax Exemption Boosts Housing Demand in Tier 2 Cities, Supply Yet to Catch Up

The recent Union Budget’s income tax exemption for individuals earning up to ₹12 lakh annually is expected to boost demand for affordable housing, particularly in Tier 2 cities. While sales continue to rise, a supply crunch due to fewer new project launches remains a challenge. Experts suggest that reinstating the 100% tax deduction on profits from affordable housing projects under Section 80-IBA could help bridge the gap between demand and supply, ensuring balanced market growth.