In December 1995, the Maharashtra state government began a comprehensive slum restoration project. It established the Slum Rehabilitation Authority, or SRA, to offer suitable SRA flats to the urban poor living in Mumbai's slum districts. The plan was to exploit the site as a resource, providing SRA Mumbai apartments to slum residents while selling the remaining units on the open market. The program is...
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...
MahaRERA registration lapsed 388 projects in 2021 impacts 20,955 units; why and how does MahaRERA registration impact the real estate builders in Pune? Let’s cover all the facts behind it. MahaRERA registration has revealed a list of 407 projects throughout Maharashtra that 'lapsed' in 2021, including 388 residential and 19 commercial projects. According to ANAROCK Research's data analysis, the 388...
Let's pretend that everyone has a unique method to design the most unique houses of expressing themselves. Some are known for their artwork, while others are known for their music, writings, and the creation of unusual living spaces. Architects give it their all when it comes to designing homes that meet real estate property needs. However, specific clients come up with extraordinary home designs that...
Some real estate builders in India invest in many properties but firstly, we discussed the ‘Top 10 costliest houses in India’ in this blog. Some investments are lifetime investments, and these residences, built or purchased by India's most influential individuals, epitomize what it means to make a "lifetime investment." After all, none of these has been under a billion dollars. Next, we will tell you...
The Pune Municipal Corporation (PMC) is planning to come up with online property tax collection software, which will be accessible to the owners of nearly one lakh residential as well as commercial properties across the civic body’s areas soon. Let’s cover the PMC Gunthewari Scheme. One of the big advantages of the PMC’s proposed move is that property owners will now have to shell out the lesser...
