He mentioned all curbs, corresponding to extra taxes, imposed earlier to cool the property market can be lifted with immediate effect. “Decoded” columns designed that will help you decode the advanced world of residential real estate, from Agents to the Housing Market to the Industry as a whole. The housing society insisted on a share of the sale quantity for its NOC to switch the flat within Real Estate News the name of the new proprietor. In another south Mumbai constructing, a seller paid the society Rs 28 lakh for a 2,850sqft flat, stories Nauzer K Bharucha. Manoj Champaklal Shah, 72, and Suresh Shroff, 65, directors of SVK project LLP, were arrested by the Economic Offences Wing’s Unit 2 for defrauding 10 flat consumers of Rs eleven.50 crores in a redevelopment project in Vile Parle.

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  • Retail vacancies fall nationally, as office workers, vacationers, and students bring life again to CBDs, boosting retailer urge for food for house.
  • Spread over 481 sq km, Ahmedabad metropolis has an total property density of 5,087 items per sq km.
  • We urge readers to method real estate investments with caution and to fully assess their risk tolerance and financial place earlier than proceeding.

The desire for homeownership remains undeterred among consumers, as residential gross sales continue to breach previous highs. In the first 9 months of 2023, an estimated 196,227 items had been offered throughout prime seven cities—marking a 15-year excessive. This market momentum is majorly driven by evolving consumer dynamics and a surge in tasks with enhanced built-up experiences.