NRI Asks: Is ₹1.25 Crore Enough to Settle in India? Reddit Responses Highlight Affordable Cities and Challenges

An NRI planning to return to India with ₹1.25 crore asked Reddit if this amount is enough to settle comfortably, especially in tier-2 cities like Noida, Lucknow, and Patna. Responses from the Reddit community provided valuable insights on affordable cities and adjustment challenges, confirming that tier-2 cities offer a viable and economical alternative to expensive metropolitan areas.

Ultra-Luxury Homes Sales Surge to INR 2,443 Cr in Eight Months

The ultra-luxury real estate market in India saw INR 2,443 crore in sales through August 2024. Mumbai leads with 21 transactions valued at INR 2,200 crore. Prices for ultra-luxury homes have risen, with significant jumps in properties over INR 100 crore. Anuj Puri of ANAROCK anticipates more high-value deals as the year progresses.

MHADA Receives Over 50,000 Applications for 2030 Homes in Mumbai Lottery; Deadline Extended

MHADA’s housing lottery for 2,030 homes in Mumbai has received over 50,000 applications, with the deadline extended to September 19. The authority has also reduced prices for 370 units.

Worli Home Price Slashed: From ₹2.62 Crore to ₹2.09 Crore

MHADA has reduced home prices in its Mumbai lottery, with significant cuts across various income groups. A Worli property that was priced at ₹2.62 crore is now available for ₹2.09 crore. Other reductions include a Chembur home now priced at ₹83 lakh, and a Tardeo property down to ₹6.82 crore from ₹7.57 crore. These changes aim to make housing more affordable across Mumbai.

Property Prices Surge Significantly Along Yamuna Expressway

Geetanjali Homestate has released a new report showing substantial increases in property…