In March 2022, 15,717 property sales were registered, bringing about Rs 1,084 crore for the state budget. March 2022 was the third-best March month in the past ten years. Property registrations increased by 51% month over month (MoM) in March 2022 to 15000 units compared to February 2022. However, on a year-over-Y basis, registrations were down 11% in March 2021. Let’s cover other real estate property...
According to new research, housing sales witness a 7% increase in the number of units sold in the first quarter of 2022 compared to the first quarter of 2021. Real estate consultants in Pune, Mumbai, had the largest proportion of housing sales, accounting for 56 percent of overall sales across the top eight cities. According to the study, the Gurgaon-based company, part of REA India, owns Housing.com and...
A home loan, often known as a mortgage, is a secured type of loan that is a certain sum of money obtained from a known person or possibly a bank and used to acquire a property or a house. The money borrowed through a mortgage is eventually repaid in Easy Monthly Installments (often referred to as EMIs) over a certain period. Let's cover the home loan guide for senior citizens. Under typical circumstances,...
The Rent Control Act regulates home leasing, and each state has its version of the law. Maharashtra Rent Control Act, 1999 replaces the Bombay Rent Control Act and covers the entire state. This act helps to maintain some of the real estate builders in Maharashtra. History: The first rent law in India was passed in 1915 during the Bombay Presidency and then again in 1939. The Bombay Rents, Hotel, and...
In the current real estate news in Pune, Metro rail launched to boost real estate in Pune, Maharashtra. It is good for connectivity and increases the business and value of real estate builders. Metro rail in Pune is a golden opportunity for builders to take advantage of growth. The Metro Rail launch in Pune is projected to increase real estate development in the city. The introduction of metro service is...
Now, the current news in real estate property in Maharashtra is about to Ready Reckoner Rates. Before reading current news, know about the “Ready Reckoner Rates”? What are Ready Reckoner Rates? A Ready Reckoner Rate (RRR) is the standard value of an immovable property that is assessed and regulated by the state government in which it is located. "Immovable property" refers to residential,...
You may be ready to buy a house in life, but first, you have to save up enough money to do so. How do people accomplish this? Most people live in their homes until they can afford to make the down payment! It typically takes most buyers at least five years of renting before they're able to buy. Let’s cover the steps to buying a new house in India. It may take more or less time depending on your monthly...
Pune’s residential market is considered to be amongst the most exciting markets in India. This holds true for both its performance and potential for future growth as well. When we examine Pune’s housing market over the last five years, we see consistent year-on-year sales growth, which shows us clearly that there’s a lot of valuable traction here. So much so that 2022 promises to be the year where...
Maharashtra property registrations in Mumbai, India's most expensive city and one of the worst-hit by the Covid-19 outbreak, have surged to their highest level in at least nine years. According to a statement from Knight Frank India, in 2021, there were 1.12 lakh units registered in the city. 45 percent greater than the pre-pandemic level of infection. A 70% increase over the previous year. In 2019, the...
