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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 ....

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WFH Impact: Homes Get Bigger, Business Centres Open Within Housing Complexes

WFH impact: Homes get bigger, business centres open within housing complexes
Thanks to COVID-19 and the work-from-home culture, many people are seriously considering homeownership. The idea is to own a home and make it as large as possible with multipurpose rooms. Developers meanwhile are going the extra mile to cash in on the trend.
With the work-from-home and learn-from-home culture here to stay, at least for as long as the pandemic lasts, some homebuyers, especially those on rent or those working from matchbox-sized accommodation, are scouting for larger housing spaces. Developers, too, are cashing in on the trend by incorporating efficiently designed spaces to include smaller rooms that double up as a study or an additional bedroom. ....

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Luxury Properties Priced Above Rs 7 Crore Raked In The Moolah In Mumbai

Luxury properties priced above Rs 7 crore raked in the moolah in Mumbai
Some real estate brands in Mumbai witnessed luxury home sales worth over Rs 500 crore on the back of stamp duty cut and festive offers.
Luxury and branded home segment benefited the most as a result of reduction in stamp duty charges and low interest rates in Mumbai. While mid-income housing projects did offload considerable inventory, luxury housing projects raked in the moolah, says a new report by CRE Matrix, a real estate intelligence firm, and IGR Maharashtra.
According to the analysis, the top selling projects in the calendar year 2020 in Mumbai basis the value of the units sold included Indiabulls Real Estate for the project Blu that sold units worth Rs 598.8 crore; K Raheja’s Artesia that sold units worth Rs 591.3 crore; Avighna’s One Avighna Park that sold units worth Rs 386.2 crore; Runwal’s The Residence that sold units worth Rs 325.5 crore; and Oberoi Realty’s Three Sixty West� ....

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What makes a luxury home? Decoding the next big boom in the Indian residential real estate market

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What makes a luxury home? Decoding the next big boom in the Indian residential real estate market
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What makes a luxury home? Decoding the next big boom in the Indian residential real estate marketBy
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There are many real estate developers who have great offerings, but Godrej RKS seems to have caught everyone’s fancy with its rich history & panache. The development comprises Collector s Edition Residences that are inspired by the Bombay Art Deco Architectural style and brings together the 123-year legacy of trust and commitment of Godrej.
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One of the greatest achievements of life is the happiness of buying a home. The sense of accomplishment is unparalleled to any other feeling. But what if there s something that adds to it & makes it extra special? A headlining factor that turns a home into something truly extraordinary. A home that can rightfully be called a luxury home’. ....

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Why the stock of Sunteck Realty is a good buy - The Hindu BusinessLine

Why the stock of Sunteck Realty is a good buy
Well-poised to benefit from housing-friendly measures announced by the government
The Covid-19 impact has resulted in demand slowdown in the real-estate sector. To give a boost to the residential segment, the Centre has announced a slew of measures including its push towards affordable housing segment, and interest rate concessions through credit linked subsidy scheme. This along with RBI’s interest rate cut and stamp duty rate reduction from the respective state Government are not only expected to bring back home buyers to the market, but also reduce the level of completed inventories in the respective states. ....

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