A new ₹500-crore equity platform has been launched to develop branded luxury second homes across India, targeting UHNI buyers in scenic destinations around MMR, Pune, and NCR.

Election season, a heatwave, and rising property prices slowed Indian home sales in Q2 2024. This reduced unit sales by 8% from the previous quarter, according to a real estate consultancy group.

Over the previous six years, unsold flat stock in the Mumbai Metropolitan Region (MMR) has dropped 14%. On Thursday, ANAROCK Research said that unsold apartments fell from 2.23 lakh in the first quarter of 2018 to 1.93 lakh by March 2024.

To boost real estate sales and increase bookings in under construction projects, there is a waiver on stamp duty announced by real estate developers. This step has been decided along with the Western Region Chapter of Naredco which happens to one of the biggest real estate associations in India.