We know very well that real estate developers in Pune affect the government’s decisions. Let's cover how an increase in stamp duty in Mumbai affects the real estate market. The residential segment was the only bright spot in the real estate property in Mumbai in 2020. The uncertainties surrounding the COVID-19 virus epidemic harmed residential sales between April and June 2020. However, they rebounded...
by Sham Rathi
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...
by Sham Rathi
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...
by Sham Rathi
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...
by Sham Rathi
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...
by Sham Rathi
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