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
Income tax methods for real estate investors, such as depreciation deductions and passive income laws, are crucial for maximizing returns and generating income in the sector https://www.livemint.com/money/personal-finance/these-income-tax-saving-strategies-can-save-money-for-real-estate-investors-11689150346375.html
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
Mumbai and Bengaluru led the half-yearly sales, contributing 21 percent each of the total sales. Pune made substantial strides accounting for 20 percent of sales https://www.moneycontrol.com/news/business/real-estate/around-1-26-lakh-housing-units-sold-in-h1-2023-maximum-sales-recorded-in-luxury-segment-10933191.html
