Mumbai Real Estate

With no sales in Mumbai, builders are using these schemes to lure fence-sitters

In response to the unrelenting sluggishness in the market, Mumbai’s developers have been offering various schemes to entice fence-sitters; at a recently-held property exhibition in Mumbai, such schemes were very much in evidence.

Scrapping of Mumbai DP 2034 will hit new housing supply, buyers must hold tight

The Maharashtra government's move to scrap the draft development plan 2034 for Mumbai is likely to hit supply of new housing projects and help in clearing existing unsold houses in the city to some extent. Moreover, deals for land parcels, redevelopment projects and private equity transactions for financing housing projects in Mumbai will get stuck due to lack of clarity on the city's proposed development plan.

Tall task? Maharashtra needs a whopping $200 bn to set up affordable houses

The KPMG report published on Tuesday found that, in urban areas alone, Maharashtra would need 5 million new homes by 2022

The good, bad and ugly of Mumbai's proposed development plan 2034

the DP does not clarify how higher FSI around stations would be managed to ensure that problems get solved instead of becoming worse. Would there be urban design interventions that go beyond what happens within a plot?

Higher FSI will kill the already strained infra in Mumbai and won't make property cheaper

The civic body’s move of increasing the floor space index for the entire city up to a maximum of 8 that will change Mumbai's skyline has been criticized by urban planners and housing experts as it could have a disastrous impact on the city’s infrastructure.

Can't afford a Mumbai home? Well, Fadnavis govt is taxing it out of reach

If you thought the BJP-led government would bring relief to home buyers in Maharashtra, here's a dampener: Mumbai's realty prices are going nowhere but up as the newly-installed Devendra Fadnavis government has decided to increase the ready reckoner (RR) rates for Mumbai by an average of 15 percent with some areas even witnessing a steep hike of up to 40 percent.

When brokers turn investors, Mumbai house prices are bound to rise

Mumbai Metropolitan Region (MMR) has the maximum number of unsold flats at over 2 lakh houses when compared with the top six real estate markets in India, and it will take at least three years to get rid of these existing units, showing that the demand from property buyers has not picked up in India's financial market.<br />

Only small-sized apartments can save Mumbai real estate

While nothing can be done about non-selling larger configurations but reduce prices or sit indefinitely on unsold inventory, the fact is that new developments must be configured for smaller sized units, and therefore greater affordability, if the Mumbai residential market is to see a significant revival.<br /><br />

SC verdict on property VAT will only increase builder-buyer litigations

The verdict means builders will be liable to pay tax, which includes only the cost of construction and excludes the land value, amount paid to sub-contractor and service charges etc, unless the building was issued an occupancy certificate before the sale agreement.<br /><br />

Luxury realty still hitting records, sea-facing duplex sold for Rs 57 cr

Even if Mumbai's cash-strapped builders are in doldrums due to falling sales, rising inventory and piling debt, luxury real estate continues to create new records in the island city.<br /><br />