The last six months in Dubai’s luxury property market have been packed with superlatives, from spectacular new homes on the market to record-breaking sales. We anticipated that 2021 will be the year of ultra-premium real estate after the rollercoaster ride that was 2020, from worries of the market collapsing in March to the smashing of […]
How Dubai’s luxury property sector is surpassing all expectationsmore
Mumbai recorded property sales of 9037 units in July 2021 compared to 7857 units registered in June 2021, indicating a month-on-month growth of 15 percent. The registrations in July 2021 are also a 10-year high recording the highest sales numbers since July 2012. The property registrations data showed that 53 per cent of registrations in […]
Mumbai witnesses 10-year high property registrations in July 2021more
On August 6, the Maharashtra Real Estate Regulatory Authority granted builders a six-month extension to complete projects by approving their request to invoke the ‘force majeure’ clause due to the second wave. This is the second time the authority has provided such a relief to the state’s builders during the pandemic. “All MahaRERA registered projects […]
MahaRERA offers builders a six-month extension to complete projects.more
The Delhi government’s Revenue Department has published rules for sub-registrars on property documentation in order to provide effective and efficient registration services to the public. According to Divisional Commissioner Sanjiv Khirwar’s recommendations released last week, all sub-registrars must ensure strict compliance with the requirements of the Registration Act, 1908, and the Indian Stamp Act, 1899, […]
The Delhi Revenue Department has issued instructions for property documentation for sub-registrars.more
One of the fastest-growing suburbs of Mumbai, the Malad-Goregaon region is situated in the northwest part of the city. From being a sparsely populated outskirt, it has transformed into a vibrant residential, commercial and IT hub owing to the various developments, especially since the turn of the millennium. The 16th century Malad was a cluster […]
Malad-Goregaon has become the most sought after Real Estate Destinationmore
On July 13, Adani Group Chairman Gautam Adani announced that the Adani Group has taken over management of Mumbai International Airport from the GVK Group. Following a MIAL board meeting earlier on July 13, the Adani Airport Holdings Limited (AAHL) took over managerial control of MIAL from the GVK Group. Gautam Adani stated: “We are […]
The Adani Group takes over the management of Mumbai International Airport from the GVK Group.more
On July 10, the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) disposed of approximately 80 cases under the auspices of the Uttar Pradesh State Legal Services Authority in the first National Lok Adalat. A sum of 91 cases was held for hearing at the Lok Adalat, with 79 of them got disposed of. UP-RERA Legal […]
Over 70 real estate complaints got disposed of by UP-RERA in its first National Lok Adalat.more
The Maharashtra Housing Area Development Authority (Mhada) is set to legally take over the reconstruction of Goregaon West’s Siddharth Nagar (Patra) chawl. The state housing department issued a government resolution (GR) ordering Mhada to finish the halted redevelopment and deliver over dwellings to the 672 tenants and 306 residents who had won allotments under the […]
Mhada will reconstruct Patra Chawl in Mumbai, and tenants would receive rent arrears as well.more
Jaipur- In response to developer requests, the state government has decided to prolong the stamp duty exemption for three months, until September. Despite the fact that the Confederation of Real Estate Developers Associations of India (CREDAI) had written to the finance ministry requesting that the stamp duty exemption be extended until March 2022, the department […]
Stamp duty exemptions for buyers in high-rise buildings have been extended until September 30.more
An only extremely rich individuals can afford this. R K Damani, the owner of the big retail chain D-Mart, has paid Rs 65 crore to convert 1.4 acres (7,634 sqm built-up area) of leased land to freehold. The state revenue department has levied a surcharge of 25% of the ready reckoner rate for the conversion. […]
D-Mart owner pays Rs 65 crore for freehold land conversion in Mumbai.more
