1BHK FLAT MUMBAI

Fire in south Mumbai high-rise; 1 person injured, 30 rescued

A fire broke out in a 62-storey residential building in south Mumbai's Byculla area. The blaze erupted on the 10th floor of the building's A wing in the Khatao Mill Compound. No casualties were reported.

Mumbai property market continues record-setting spree with best-ever May

The country’s commercial capital witnessed more than 11,917 property registrations during the month, up 21.3% from a year ago. The performance led to the state exchequer fetching revenue worth over Rs 1,029 crore through stamp duty collection, up 23.5% on-year, showed data from Inspector General of Registration (IGR) and Controller of Stamps, Maharashtra.

Birla Estates sets a new benchmark in Uber luxury real estate with the launch of Silas at Birla Niyaara clocking over INR 2500 Cr Sales

NCLAT upholds NCLT order on Jaypee Infra; asks Suraksha to pay additional Rs 1,300 crore

NCLAT affirmed Suraksha Realty's acquisition bid for Jaypee Infratech but mandated an extra Rs 1,300 crore as farmers' compensation. The decision aimed to expedite the resolution plan, addressing concerns of stakeholders, including homebuyers and YEIDA. Suraksha pledged timely payment, aiming to resolve the debt-ridden firm's fate.

Housing prices in this Bengaluru area jumped 32% in Q1; know how much property prices have risen in your city

Average housing prices in Bengaluru have increased by 19% year-on-year (YoY) in the January-March quarter of 2024. It was the highest increase in residential prices among the eight cities, according to a report released by CREDAI and Colliers Liases Foras. Check how much property price has risen in your city

Aadhar Housing Finance makes a flat debut

"Although the company made a debut with a flat opening, its wide geographical distribution network and strong fundamentals offer good opportunity for the long-term as its target customers are low-income groups from rural and semi-urban areas," said Raj Gaikar, analyst, Samco Securities. "The housing finance credit share of rural and semi-urban locations is rising continuously, giving housing finance companies (HFC) an opportunity to expand their operations."

Luxury homes overtake the affordable segment. What gives?

Factors contributing to the luxury housing boom in India include rising incomes, the trend of premiumization, and pent-up demand post-pandemic. Additionally, the investment appeal of luxury real estate, shortage of luxury apartments in prime locations, and growing NRI investments further fuel this segment's growth.

Refund of flat booking amount: Homebuyer fights Godrej Properties and wins the case; Know your rights under RERA

Godrej Properties: A homebuyer booked a flat with Godrej Properties near Mumbai in 2019 by paying Rs 5 lakh as earnest money. Due to personal reasons he cancelled the booking and as a result the property developer forfeited the entire earnest money of Rs 5 lakh. Maharashtra RERA tribunal deems this action as 'not legal'.

Smarter home is here: New age flats will now let you set the mood & temperature

From smoke alarm text messages to ambiance presets, cutting-edge technology has become a defining feature of luxury living in India.

Developers snap up 58% more land in FY24 amid rising residential demand

In 2023-24, developers and entities finalised 101 land deals totaling 2,989 acres in India, driven by high residential demand. Major deals occurred in top cities, with tier 2 and 3 cities also showing growth potential. Notable increases were seen in residential, plotted development, and township projects, reflecting a buoyant market.

1,050 flats worth Rs 3,000 crore sold out in just 3 days in Godrej Properties' most successful project launch

Godrej Properties Ltd. (GPL), headquartered in Mumbai, achieved a significant milestone with the sale of homes surpassing Rs 3,000 crore within just three days of launching Godrej Zenith in Gurugram, Haryana. This success represents GPL's most lucrative launch in terms of both sales value and volume, with over 1,050 homes and 2 million square feet sold

Mumbai Pani Puri wala reveals how he went from earning Rs 5 a day to owning two luxurious flats

Once Arun Joshi earned a meagre wage of Rs 5. Today, he is the proud owner of a flourishing food business as well as a catering service. He also owns two flats.

DDA Phase III Festival special housing scheme 2024: Date, total flats, locations, offers, discount, and other details

The Delhi Development Authority (DDA) is launching the Phase III Festival special housing scheme 2024 today. The scheme offers ready-to-move-in flats in Narela, Jasola, Rohini, Siraspur, and Loknayakpuram. Discount available for LIG Flats, MIG flats at Ramgarh colony and Narela, and HIG flats at Jasola.

IITian's creative way to find a female flatmate in Bengaluru goes viral

Udisha Dubey has sought a flatmate for her 2BHK apartment in Koramangala, Bengaluru. Her unconventional advertisement using a design app gains internet traction. Many netizens praised her for the details.

This 24-year-old influencer, known for imitating Alia Bhatt, has now bought a flat in Mumbai

Chandni Bhabhda, renowned for her uncanny Alia Bhatt impressions, has purchased a flat in Mumbai, marking a significant milestone in her career. The 24-year-old influencer celebrated the acquisition with a traditional housewarming ceremony and shared plans to infuse her new home with Rajasthani and Bollywood influences.

Ambika Chauhan of Parle buys 2 sea-view luxury flats in South Mumbai

Ambika Chauhan Aibara, from Parle Products' promoter family, purchased two sea-view luxury apartments in Mumbai's Mahalaxmi locality. The apartments are part of the luxury project Raheja Modern Vivarea developed by K Raheja Corp Homes. The recent deals in the tower include purchases by the Halan family and the promoters of Creative Group of Industries. Raheja Modern Vivarea is an under-construction project on a land parcel that previously housed a private textile mill.

Luxury housing price jumps 42% in Hyderabad, affordable housing price up 19% in NCR; know rise in your city

Among the top seven areas, Hyderabad saw the highest increase of 42% in the average price of premium homes in the five-year period. The price rose from Rs 7,450 per sq ft in 2018 to Rs 10,580 per sq ft during the first half of 2023, as per ANAROCK Research data. Know how much residential property prices have risen in your city

Demand for larger homes to continue in 2024: Report

"Despite challenges like elevated interest rates and global uncertainties, the industry has demonstrated robustness. The RBI's decision to pause rate hikes in April, coupled with pent-up post-pandemic demand, has significantly bolstered buyer confidence,” said Dhruv Agarwala, Group CEO, Housing.com.

A house for Mr Moneybags: Gurgaon flat sold for Rs 100 crore

In the National Capital Region (NCR) that includes Delhi and its suburbs such as Noida and Gurgaon, property experts are now drawing comparisons between the Camellias and Delhi's esteemed Lutyens zone, the latter being the home of the country's top business magnates and political elite.

Tony properties sell like hotcakes: What's driving the uber luxury real estate?

A luxury apartment in Mumbai has been sold for Rs 130.24 crore, reflecting the recent surge in the city's high-end residential market. The buyer, Asha Mukul Agarwal, also purchased two apartments for over Rs 132.75 crore. Mumbai has been witnessing record-setting transactions in its real estate market, with celebrities and high-net-worth individuals making significant purchases. Sales of luxury homes in Mumbai costing Rs 10 crore and above rose nearly 50% in the first half of 2023. The market is expected to continue to thrive due to the growing wealth in India and the city's rising number of millionaires.

The Dissapearing 1BHKs: Why finding small flats has become so difficult in Mumbai

The availability for 1BHK apartments in Mumbai has dropped significantly from 115 to 71 in just one year. This shift can be attributed to lifestyle changes accelerated by the pandemic, with remote working and co-living arrangements becoming more common. People now seek more spacious homes that cater to evolving needs, such as dedicated workspaces or hobby areas.

This Indian city to see highest rise in prime residential property prices in world next year: Report

Mumbai has recorded the sixth highest year-on-year growth in prime residential property prices among global cities in the April-June period of 2023. With a hike of 3.6 per cent year-on-year in Q2 2023, Bengaluru ranked at 20th position on the list. 'Prime Global Cities Index' is a valuation-based index tracking the movement of prime residential prices across 46 cities worldwide. Knight Frank has also provided the forecast for 26 global prime residential markets for the year 2024. Read on

Average price of a 3-BHK flat in this Navi Mumbai locality is Rs 1.52 crore