The proposed Bommasandra-Hosur Metro corridor spans a total of 20.5 km, with 11.7 km falling in Karnataka and the remaining 8.8 km in Tamil Nadu https://www.moneycontrol.com/news/business/south-indias-first-inter-state-metro-cmrl-to-conduct-feasibility-study-to-extend-bengaluru-metro-to-hosur-in-tn-11076561.html
The Indian residential real estate sector has experienced a significant revival post-pandemic. Renewed interest from homebuyers has not only raised the confidence of builders to plan new projects but also garnered positive responses from investors. https://www.deccanherald.com/business/business-news/return-of-equity-capital-in-residential-real-estate-1242317.html
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
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 »
Projects worth nearly $60 billion are slated for completion within the next three to seven years, thereby boosting connectivity within the city. https://www.cnbctv18.com/real-estate/mumbai-realty-market-dlf-prestige-foray-dharavi-redevelopment-infra-metro-airport-coastal-road-17309191.htm
The high-ticket segment pan-India comprises properties priced upwards of Rs 1.50 crore. In the Mumbai Metropolitan Region (MMR), this segment starts at Rs 2.50-3 crore. https://www.indiatoday.in/business/story/luxury-properties-housing-demand-in-india-soars-key-reasons-2408648-2023-07-19
The mansion was owned as recently as two years ago by Goncharenko, the former deputy chief executive officer of Gazprom Invest Yug, a subsidiary of the Russian state-run energy firm. https://www.moneycontrol.com/news/business/real-estate/indian-billionaire-buys-russian-linked-london-mansion-for-113-million-11008511.html
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
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
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
