News – Page 23 – Services For NRI

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

Karnataka Budget 2023: Guidance value to be revised; announces major changes in Stamps and Registration Dept

While presenting the state Budget for FY24, Chief Minister Siddaramaiah said the government is looking at a scientific and rational guidance value system for the Stamps and Registration Department with the use of Geographic Information System (GIS). https://www.moneycontrol.com/news/business/real-estate/karnataka-budget-2023-guidance-value-to-be-revised-announces-major-changes-in-stamps-and-registration-dept-10922211.html