MahaRERA has made mandatory for Registration of all Unregistered plots before selling them off
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has taken its biggest ever initiative on 1st February 2024 (01.02.2024) against unregistered plot sales in Mumbai. Under this initiative act, no plots can be sold without proper registration in order to safeguard the rights of property buyers across the state. Identifying the Problem MahaRERA officials have noticed
Interim Budget 2024: No Major Real Estate Changes
Even with an unprecedented rise of the human population, there’s no astounding changes in the Interim Budget for the year 2024. Although it made few significant adjustments, the 2024 Interim Budget prioritized enhancing India’s network of roads, bridges, and connections. This would further benefit cities of all sizes in their further expansion. A few announcements
Budget Home Sales Hold Fort As Premium Housing Grows
The sale of homes in Pune saw some big changes in 2023 compared to the previous year. Homes priced between Rs one to two crore became much more popular, jumping up by 33%. Meanwhile, homes priced below Rs 45 lakh also saw growth, though not as much, at four percent. This helped keep the affordable
Pune tops in primary housing sales among the top 7 metro cities in India
Pune is becoming the go-to place for real estate in India. It’s growing fast and it’s affordable. Among the big cities in India, Pune is selling the most homes. That’s what the latest Pune Housing Report by CREDAI Pune Metro tells us. The report was shared at a meeting in Pune. The report came from
CapitaLand India Trust acquires 1.4 million sq ft IT SEZ project in Pune for Rs 7.73 billion
CapitaLand India Trust (CLINT) just bought BlueRidge 3 Phase 1, a big building where lots of companies work, in Hinjawadi, Pune. It’s really huge, about 1.4 million square feet! They paid a lot of money for it, around Rs 7.73 billion (S$124.64 million). CLINT made this purchase deal with Nalanda Shelter. They talked about it
Nisus BCD Fund invests over Rs 105 crore in Shapoorji Pallonji Real Estate subsidiary
Nisus Finance, a real estate credit fund, along with its partner BCD Group, has put more than Rs 105 crore into Suvita Real Estate, a subsidiary of Shapoorji Pallonji Real Estate, through special bonds. This investment is for a piece of land covering 12.16 acres in Pune’s Manjari-Budruk area. The goal is to speed up
Real Estate: MahaRERA Urges Discipline in Quarterly Progress Reports for Homebuyer Empowerment, Penalizes Offending Builders
Mumbai, 26th February 2024: The Maharashtra Real Estate Regulatory Authority (MahaRERA) is getting tough on developers who aren’t following the rules, and it’s starting to work. People involved in building houses are now giving updates on how their projects are going. But still, there are many developers who aren’t doing what they’re supposed to by
DEO Pune starts the process of taking back 16 properties
The Defence Estates Office (DEO) in Pune Circle announced on Wednesday that it has started the process of taking back 16 properties within its area. Rajendra Jagtap, who became the defense estates officer in January, stated in a press release that the DEO’s office hasn’t found any instances of land sales where Old Grant Bungalows
The Pimpri Chinchwad civic authority takes action against 1,012 property owners for tax defaults.
In Pune, the Pimpri Chinchwad Municipal Corporation (PCMC) has taken action against 1,012 properties for not paying property taxes this year. They told TOI that they sealed 346 properties, gave notices to 538 owners to take away their properties and cut water connections to 128 places in 2023-24. The PCMC officials want to do the
Pune property registrations jump 46% YoY in Jan, apartments priced Rs 50 lakh to Rs 1 crore bestsellers
The real estate scene in Pune, a city in India, saw a big increase in property buying in January 2024 compared to the same time last year. The Maharashtra government’s Department of Registrations and Stamps noted a 46 percent jump, with 17,700 units registered, up from 12,166 in January 2023. Stamp duty collections also went
