In the big picture of the Indian economy through 2023, there are only good signs: an overall growth of 8 to 9 percent, an expected rise in the number of jobs created, and a rebound from the recent drop in the stock market. All of these things would eventually lead to more people entering the housing market, which is very important for the health of the real estate economy.

Residential property owners will be able to pay only the current and preceding five years' principal property tax under the SAMRIDDHI 2022-23 scheme. Commercial property owners, according to an official statement, can pay the principal amount for the last six years and receive a waiver on past pending dues, including penalties and interest.

Experts say that interest rates are important, but that doesn't stop people from buying a home because the decision is based on the buyer's current income and long-term plans.

Because of their forward-thinking concepts and cutting-edge technology, Bhoomi has created a remarkable legacy of value. Bhoomi Properties provides unrivaled housing services to complement contemporary lifestyles by combining high-quality design with practical considerations in order to establish brand-new standards with each new project.

Given that 306 luxury housing units worth Rs 4,877 crore were sold in Mumbai during the first three months of the calendar year 2022, it is reasonable to expect the sales trend to continue this year.

April 2022 and 2021 were preceded by record-breaking March months. As March 2021 marked the end of a 3% stamp duty exemption, sales increased. However, the month of March 2022 showed an increase in sales as it was the final month prior to the implementation of an additional 1 percent metro cess.

Majority of the projects, particularly those in the affordable category, have small margins of 10-15%, and the rise in raw material costs has resulted in a combined increase of more than 15% in construction expenses, rendering the same projects unviable at current sale prices. As a result, additional costs will need to be passed on to consumers to ensure the financial viability of many developers' projects.

Following the end of the two-year Stamp Duty exemption by the state government in March-end, the stamp duty rate will increase by 1%, effective from 1st April 2022.

The Maharashtra state government announced the arrival of the Unified Development Control and Promotion Regulation (DCPR or DCR) on 20th of December, and important stakeholders in the state have welcomed it with open arms. After a delay of nearly three years, the state is all set to implement the Unified DCPR, a move that was met with keen anticipation.

The Reserve Bank of India nudged the banking sector to allow a three-month moratorium period on loan payments, to all borrowers who wish to avail it

Another big casualty of the pandemic is the global economy. With major commerce centres across the world sustaining massive losses, global markets have been on a deep dive.

Let’s take a look at the housing sector’s wishlist for Budget 2020.

As laws like MahaRERA take the front seat, let us have a look at the other laws that are nothing short of milestones, and have shaped the real estate sector, bringing it to where it stands today - a friendlier place for homebuyers and investors, looking to buy a residential property in the city of Mumbai.

Here are the projects that stood as the most demanded ones across Mumbai for the week.

Here are the projects that stood as the most demanded ones across Mumbai for the week.

Here are the projects that stood as the most demanded ones across Mumbai for the week.

Here are the projects that stood as the most demanded ones across Mumbai for the week.

Here are the projects that stood as the most demanded ones across Mumbai for the week.