MahaRERA registration no. of at least 19 commercial projects also ‘lapsed’ last year 388 lapsed residential projects comprise approx. 20,955 units – 52% (approx. 10,682 units) already sold out, 10,093 unsold Top 5 cities with maximum lapsed projects in Maharashtra are MMR, Pune, Aurangabad, Nagpur & Satara In MMR, RERA registration expires for approx. 145
Of 2.37 lakh units sold across the top 7 cities in 2021, over 34% were newly launched; in 2019, of approx. 2.61 lakh units sold, 26% were newly launched Among the top cities, Hyderabad saw maximum absorption of newly-launched units – of total 25,410 units sold in 2021, nearly 55% were newly launched MMR had
Indian women are no longer subjugated to ‘traditions’ that suppressed their freedom of choice in the past. Women all over the country, from various social and economic backgrounds, are taking charge of their own lives. The days when the ‘man of the house’ was the sole breadwinner are long over. At the very least, the
Mumbai, 7 March 2022 – Property registrations in Mumbai, the country’s most prominent real estate market, attained a record in February 2022, with the highest number of properties registered during the current fiscal year. According to data published by IGR Maharashtra, Mumbai saw a total of 10,379 properties registered last month – a 27% increase
36% of participating women homebuyers prefer 2BHKs – a clear preference trend for bigger spaces 38% of women buyers want to buy homes in city peripheries, 30% will buy within city limits End-use vs. investment ratio in the latest survey (H2 2021) is 74:26 (it was 82:18 in the year-ago survey) suggests improving investment sentiment
Of 15,590 units sold in the city in 2021, approx. 30% were priced >INR 80 lakh; in 2019, the share was 24% of 13,250 units Affordable home sales saw a sharp decline – from 60% in 2019 to 42% in 2021 Lower demand supressed affordable supply by 39% – from 12,310 units launched in 2019
Of the top 7 cities, NCR saw maximum homes completions in 2021 (approx. 86,590 units); MMR completed approx. 70,490 units, Pune approx. 46,090 Bengaluru, Hyderabad, & Chennai together completed approx. 63,870 units in 2021 Approx. 1.24 lakh units to be completed in NCR in 2022, MMR targets completion of 70,600 units Mumbai, 21 February 2022:
Price rise of <10% will have a moderate-to-low impact on sales; price rise of >10% would have a high impact Newly launched properties gaining traction in MMR & Bengaluru with over 31% respondent buyers favouring this category Residential plots are the 2nd best property type in the top 7 cities, most preferred option in tier
In India, it is an age-old question: What is preferable, ready-to-move (RTM) homes or under-construction properties? As is the case with most things in life, both have advantages and disadvantages. Nowadays, many Indian homebuyers prefer to buy ready-to-move flats in Pune and other major cities, mainly because they worry about whether under-construction projects will get
What Should You Choose – A Starter Home or Forever Home? [Best Advice]
Most of the data coming in from research houses and consultants indicate that home-buying sentiment in India has picked up tremendously over the last 2.5 years. This is primarily because, in a pandemic like Covid-19, a home is the most valuable and practical asset to own. This is no longer just about sentiment. A unique