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Mumbai Property Registrations Skyrocket by 52% in Revenue in Massive Festive Boost

October 2024 saw record property registrations in Mumbai owing to a good purchasing season. Mumbai's property registration revenue is estimated at ₹1,081 crore as of October 29, 2024, as reported by Maharashtra's IGR. An increase of 52% from the ₹712 crore recorded on Diwali in November 2023.

By Admin

  • 31st Oct 2024
  • 1125 Views
Delhi-NCR Based Anant Raj Accelerates Expansion with INR 2000 Crore QIP to Drive Development and Financial Growth

Anant Raj, a renowned Delhi-NCR real estate developer, aims to raise up to INR 2,000 crore via a QIP. The funds will fund project expansion and new initiatives in high-demand areas.

By Admin

  • 31st Oct 2024
  • 1124 Views
Runwal Realty Acquires Prime 4-Acre Land in Worli, Plans INR 8000 Crore Luxury Residential Project

Runwal Realty, a prominent real estate developer, acquired a 4-acre land parcel in Mumbai's Worli neighbourhood for ₹800 crore, including taxes and government levies. The developer plans to build a 1 million square foot luxury residential development, generating ₹8,000 crore in revenue.

By Admin

  • 27th Oct 2024
  • 1141 Views
Rhythm House Reborn - Iconic Kala Ghoda Music Landmark Sold to Bhaane Group for INR 48 Cr

The Rhythm House near Kala Ghoda in Mumbai has reopened after closing permanently in 2016. Bhaane Retail, a Shahi Exports Pvt Ltd. affiliate, bought the famed music shop for INR 48 crore.

By Admin

  • 26th Oct 2024
  • 1140 Views
Kotak Mahindra Bank to Acquire StanC's INR 4100 Crore Personal Loan Portfolio

Kotak Mahindra Bank would buy Standard Chartered Bank India's ₹4,100 crore personal loan portfolio. This transaction should be completed in three months, pending regulatory clearances and closing conditions. The loans purchased are conventional, easing the transfer for banks and clients.

By Admin

  • 19th Oct 2024
  • 1149 Views
Vedanta's INR 1 Lakh Crore Investment to Boost Odisha's Growth

Massive Odisha Investment Vedanta plans to spend ₹1 lakh billion in Odisha to build a 6 million tonne alumina refinery and a 3 million tonne aluminium factory. Despite having no deadline, this investment is projected to strengthen the state's manufacturing sector and generate jobs.

By Admin

  • 19th Oct 2024
  • 1154 Views
Luxury Real Estate Boom in 2024 - The Surge in High-End Home Sales

A sharp rise in demand for high-end homes priced at ₹4 crore and above is driving the Indian luxury real estate market to a huge boom in 2024. Rich buyers are prioritising better living situations, which is causing big towns to grow a lot. Ghar checks numbers and trends defining India luxury realty.

By Admin

  • 18th Oct 2024
  • 1149 Views
Malad Mith Chowky Flyover Opens Partial Access on October 6th, 2024 - A Relief for Motorists Amid Traffic Woes

After 2.5 years of construction, the west-to-east Mith Chowky flyover in Malad will open to automobiles on Sunday, October 6, 2024. For cars driving from Marve and Malwani to Malad railway station, this partial opening might alleviate traffic at the bridge intersection.

By Admin

  • 6th Oct 2024
  • 1178 Views
What Makes 2024 a Record-Breaking Year for Mumbai Real Estate?

Mumbai, India's biggest and most expensive real estate market, is breaking records in 2024. In the first nine months, property registrations increased by 12%, surpassing 105,000 deals, while stamp duty revenues increased by 6%, reaching over ₹8,892 crore.

By Admin

  • 4th Oct 2024
  • 1177 Views
Stamp Duty Hike in Maharashtra? State Revenue Set to Increase by INR 150 Crore Annually

The Maharashtra government is preparing to modify stamp duty laws, affecting real estate and business. This document details the proposed modifications and their predicted effects.

By Admin

  • 4th Oct 2024
  • 1178 Views
Kanakia Spaces Enters into Major Redevelopment Projects in Borivali With INR 1100 Crore Investment

Kanakia Spaces entered two distinct agreements to undertake the redevelopment of large housing societies in Borivali, a prominent suburb in Mumbai.

By Admin

  • 4th Oct 2024
  • 1160 Views
Mumbai Property Market Sees 12% Growth in Registrations - A Milestone in 2024 Mumbai Real Estate

As Mumbai's real estate market continues to rise, Greater Mumbai property registrations rose 12% in 2024 to over 1.5 lakh in the first nine months. This 12% YoY rise in registrations has brought Rs 8,892 crore to the state exchequer.

By Admin

  • 1st Oct 2024
  • 1166 Views
Enhanced Surveillance Set to Shield Mangroves in Mumbai Metropolitan Region

After years of environmentalist pressure, the Maharashtra Forest Department is installing a CCTV surveillance system. This Rs 120 crore strategic program monitors 195 "sensitive" mangrove habitats in the Mumbai Metropolitan Region using 669 high-tech cameras.

By Admin

  • 21st Sep 2024
  • 1168 Views
Lodha Strengthens Digital Infrastructure Stake with INR 240 Crore Ivanhoe Buyout

Lodha Group, via Macrotech Developers, bought Ivanhoé Cambridge's share in three joint ventures for ₹239.56 crore. Lodha wants more control over its digital infrastructure investments to improve its annuity revenue.

By Admin

  • 20th Sep 2024
  • 1168 Views
Inorbit Malls Expands Footprint with INR 400 Crore Acquisition in Hubli, Karnataka

A K Raheja Corp. affiliate, Inorbit Malls (India), has paid approximately ₹400 crore to buy a retail property in Hubli, Karnataka, as a strategic foray into Tier-2 cities. The building, called Akshay Sky Mall, has a gross built-up area of around 650,000 square feet.

By Admin

  • 20th Sep 2024
  • 1185 Views
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