July 2023 – Services For NRI

Month: July 2023

World’s Largest Office Building Opens in India’s Diamond Hub

Although Antwerp, Belgium, is recognized as the world’s diamond market center, the majority of rough diamonds are mined in Russia or Africa. Surat, India, is a lesser-known gem hub 150 miles north of Mumbai, where 90% of the world’s diamonds are cut. https://www.constructionworld.in/latest-construction-news/real-estate-news/world-s-largest-office-building-opens-in-india-s-diamond-hub/42623

Super luxury flat sales up 50% in Mumbai , Gurgaon home sells for Rs 50 cr

Luxury homes are driving demand across India’s residential market in metros. In Mumbai,  residential properties, priced above  Rs 10 crore in the primary and resale market rose 49 per cent in value terms to Rs 11,400 crore during the January-June period of 2023 against Rs 7,660 crore in the year-ago period,  according to India Sotheby’s …

Super luxury flat sales up 50% in Mumbai , Gurgaon home sells for Rs 50 cr Read More »

Maharashtra slashes stamp duty to Rs 1,000 for allotment of apartments in self-redevelopment projects

For normal purchases, the Maharashtra government charges a stamp duty of between 5 percent and 7 percent of the total agreement value, depending on the city and the district https://www.moneycontrol.com/news/business/real-estate/maharashtra-slashes-stamp-duty-to-rs-1000-for-allotment-of-apartments-in-self-redevelopment-projects-10965121.html

Area watch: Once Mumbai’s poor cousins, Powai and Thane are now preferred locations

This is thanks to urban sprawl, saturation levels experienced by existing areas, new Metro connectivity, modern highways, and new real estate players who have come up with innovative offerings in these far-flung locations. https://www.moneycontrol.com/news/business/real-estate/area-watch-once-mumbais-poor-cousins-powai-and-thane-are-now-preferred-locations-10965431.html

Premium residential property values rise 3-18% on average in top three cities in H1 2023: Savills India

While Delhi saw an increase of 5 percent in rentals year on year, Gurugram witnessed a rise of 28 percent, Noida and Mumbai 18 percent and Bengaluru 4 percent, a Savills India report said. https://www.moneycontrol.com/news/business/real-estate/premium-residential-property-values-rise-3-18-on-average-in-top-three-cities-in-h1-2023-savills-india-10960041.html

PE investment in real estate climbs to $1.3 billion in Q2: Savills India

Foreign institutional investors dominated the inflows, primarily targeting core office assets in Mumbai, the NCR, and Hyderabad. Private equity investment in India’s real estate market climbed 85 percent to $1.3 billion https://www.moneycontrol.com/news/business/real-estate/pe-investment-in-real-estate-climbs-to-1-3-billion-in-q2-savills-india-10944811.html