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Mumbai sees huge growth in property sales; housing units worth ₹11,000 crore booked in Feb


Mumbai sees huge growth in property sales; housing units worth ₹11,000 crore booked in Feb
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Mumbai, the financial capital of India saw huge surge in property registration numbers in February, thanks to stamp duty cut by the Maharashtra government. Over 10,000 housing units were registered in Mumbai in February, the data revealed. To boost the ailing real estate industry amid coronavirus pandemic, the Maharashtra government in August announced to cut stamp duty on housing units from 5% to 2% until 31 December, 2020. From January 1 to 31 March, 2021, the stamp duty charges were reduced to 3%.
The concession in stamp duty charges led to huge growth in property booking in Mumbai. At least 5,597 properties were booked in September while number increased to 7,929 in November, according to Inspector General of Registration (IGR) Maharashtra data. November witnessed registration of 9,301 properties, December 19,584, Januar ....

Anulekha Ray , Mumbai Property , Mumbai Real Estate , Mumbai Stamp Duty Cut , Maharashtra Real Estate , Flats In Mumbai , Real Estate In Mumbai , மும்பை ப்ராபர்டீ , மும்பை ரியல் எஸ்டேட் , மும்பை முத்திரை கடமை வெட்டு , மகாராஷ்டிரா ரியல் எஸ்டேட் , குடியிருப்புகள் இல் மும்பை , ரியல் எஸ்டேட் இல் மும்பை ,

Dynamix Group to invest Rs 350 crore in ongoing, upcoming projects in 2 years


Dynamix Group to invest Rs 350 crore in ongoing, upcoming projects in 2 years
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In Mumbai, the company is looking to launch its projects in Goregaon, Kandivali and Malad suburb of Mumbai during this period.
In addition to the expansion plans in Mumbai, Dynamix Group is also planning the next phase of its ‘Aldeia De Goa’ project in Goa. (Representaive image)
Realty developer Dynamix Group is planning to invest over Rs 350 crore across its ongoing and upcoming projects in the next two years. In addition to its ongoing projects across Mumbai, Thane and Goa, the company is looking to launch multiple projects in Mumbai in the next 12-24 months, said a top company official. ....

Ajay Goenka , Dynamix Group , Aldeia De Goa , Mumbai Property , Mumbai Property Market , ஜெய் கொெந்க் , டைனமிக்ஸ் குழு , ஆல்டியா டி கோவா , மும்பை ப்ராபர்டீ , மும்பை ப்ராபர்டீ சந்தை ,

What stars look out for while house hunting? 'A yesteryear actor wanted a place like Salman Khan's farmhouse'


What stars look out for while house hunting? ‘A yesteryear actor wanted a place like Salman Khan’s farmhouse’
A star’s residence is an important part of their overall image. We spoke to a real estate consultant, an architect and an interior designer to understand the prerequisites laid down by celebrities before they settle for a property
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Avinash Lohana
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Mumbai
Updated: February 21, 2021 07:52 pm
What stars look out for while house hunting? ‘A yesteryear actor wanted a place like Salman Khan’s farmhouse’ (Photo Credit: Salman Khan/Instagram)
We have all heard the phrase ‘your house is a reflection of your personality’ and just like everyone else, celebrities too abide by this quote. However, considering the nature of their profession and the public interest around it, celebs usually come up with interesting prerequisites before they settle for a prope ....

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Development premium cut likely to reduce Mumbai housing prices 7%: India Ratings


Development premium cut likely to reduce Mumbai housing prices 7%: India Ratings
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The halving of reduction in premiums is expected to reduce the per sq ft cost of apartments by around Rs 750 in Mumbai while having a more modest reduction of Rs 150 in the rest of the state.
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Premiums per sq ft in MMR tend to be of the order of Rs 1,500 while the same typically stand at Rs 300 in the rest of Maharashtra.
MUMBAI: The Maharashtra government’s recent move to reduce all premiums related to the real estate sector by 50%, applicable till 31 December 2021, is likely to result in around 7% reduction in all-in prices in Mumbai and provide a significant boost to real estate demand, said India Ratings and Research. ....

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