The Indian residential property market reached record highs in the March quarter due to steady economic circumstances and buyer confidence. JLL India reported record residential sales despite increased borrowing rates and property costs.

In India, buying a home during an auspicious time like Gudi Padwa is a popular tradition. It's also an opportunity to smartly manage your finances and take advantage of tax benefits. Here's a straightforward guide to help you navigate the savings landscape.

The Dream of Homeownership Grows 2024 is a terrific year for Indian homebuyers due to numerous major advancements. Significant savings from a steady repo rate and an optimistic government budget encourage more individuals to purchase properties.

With a landmark verdict, a Mumbai consumer commission ordered a development company to pay purchaser Neela Pawar with INR 8.5 lakh and return INR 7.5 lakh for failing to get licences for a Kandivli redevelopment project. This ruling shows the consequences of unlicensed redevelopment.

The Mumbai NCLT invalidated Wadhwa Buildcon's promoter's resolution plan. The resolution professional (RP)'s suspicious conduct and the promoter's willful default status revealed the decision.

According to the Prime Global Cities Index, Mumbai, Delhi, and Bangalore have higher housing prices. Buyers are increasingly choosing property investments to better their lives.

Maharashtra Real Estate Regulatory Authority (MahaRERA) has ordered the termination of sale agreements between a developer and purchasers who missed payment deadlines in an unprecedented action.

Mumbai's elite are finding luxurious getaways in peaceful, scenic areas within a short drive from the city. For seclusion and exclusivity, they visit Alibaug, Goa, Lonavala, Khandala, Panchgani, Karjat, and Pawna Lake. Buyers are purchasing villas and property to create calm, luxurious getaways.

A new MahaRERA initiative protects homebuyers in an unprecedented step. It requires housing project developers to have three accounts in one scheduled bank to promote discipline, efficiency, transparency, accountability, and equality in financial activities.

In India's dynamic real estate market, virtual staging has become a key tool, helping buyers like Maya and Rajesh Sharma, IT professionals from London, navigate the property landscape in Mumbai. They shifted from traditional online listings to virtual staging.

Dedicated Monitoring Unit RequestThe Ministry of Housing should create a body to manage all state Real Estate Regulatory Authorities, according to a national homebuyers association. This suggestion was presented at a meeting with the Ministry of Housing and Urban Affairs.

February 2024 saw record property registrations in Mumbai's real estate market. Under the Brihanmumbai Municipal Corporation's (BMC) authority, 12,040 units were registered by 8 p.m. on Thursday, with predictions of a little rise.

In a decisive move to expedite the allocation of houses to approximately 3,000 buyers, a high-powered committee led by the chief secretary has directed the Ghaziabad Development Authority (GDA) to fast-track the approval of the Detailed Project Report (DPR) for Wave City.

Indian real estate is hopeful for major improvements when Finance Minister Nirmala Sitharaman presents Budget 2024. The business anxiously awaiting affordable housing definition extension, industry classification, and tax benefits for homebuyers and developers.

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