Property Rate

Mumbai property registrations hit 13-yr high in 2024 at over 141k units

Mumbai city municipal area saw an 11 per cent increase in registration of properties during 2024 calendar year at 1,41,202 units -- a 13-year high -- on strong housing demand, according to Knight Frank India. Mumbai city, under the jurisdiction of the Brihanmumbai Municipal Corporation (BMC), recorded 12,418 property registrations in December 2024, generating Rs 1,134 crore in revenue for the state exchequer, real estate consultant Knight Frank India said, citing the government data. Residential properties accounted for 80 per cent of the total registrations in December. In December 2023, there were 12,285 properties registered. "The total number of property sales registration for the year 2024 will reach 1,41,202 while revenue generated from property registrations for the year is estimated to stand at Rs 12,141 crore. Both these represent a new 13-year high," the statement said. "Property registrations for January to December 2024 grew by 11 per cent YoY, driving the fastest reve

Insurers flock to catastrophe-hit US property market amid rising risks

Recent large US hurricanes Helene and Milton have added to concern about property losses. However, the increasing regularity of extreme weather events has stoked the market for more expensive excess

UK property asking prices fall, headwinds remain for 2025, says Rightmove

Compared with a year earlier, asking prices were 1.4 per cent higher

Home registration up 6% to 8,128 units in Noida, Greater Noida in Q2: Study

Registration of residential properties in Noida and Greater Noida rose 6 per cent during the July-September period to 8,128 units, according to Square Yards. As many as 7,693 units were registered in Noida and Greater Noida in the year-ago period. In a statement on Monday, real estate consultant Square Yards said a total of 8,128 transactions were registered in Noida and Greater Noida in the September quarter of 2024, representing a 6 per cent year-on-year (YoY) increase. Greater Noida leads the rally, accounting for 62 per cent of these transactions between July and September 2024. Registration of homes in Noida increased 15 per cent to 3,127 units from 2,720 units, while Greater Noida saw a marginal 1 per cent increase to 5,001 units from 4,973 units during the period under review. "The combined registered home sales value for Noida and Greater Noida rose to Rs 6,328 crore, marking a substantial 34 per cent YoY growth," the consultant said. "Noida and Greater Noida's residentia

Equity returns outclass gold, FD, property in the long term: Morgan Stanley

Indian households, Desai wrote, are still under-invested in equities. At cost, only 3 per cent of the household balance sheet is in equities, excluding equity holdings of founders.

Singer Rahul Vaidya buys Rs 9 cr luxury apartment in Mumbai's Bandra West

The transaction which was finalized in October 2024, incurred a stamp duty payment of Rs. 56.37 lakh and a registration fee of Rs. 30,000.

China shores up its property sector, signals more spending is coming

Local governments will be allowed to use special bonds to buy unsold homes, Finance Minister Lan Fo'an announced

Mumbai property registration falls 14% to 9,100 units in Sep on low demand

Registration of properties in the Mumbai municipal area fell 14 per cent year-on-year in September to over 9,100 units on lower demand, according to Knight Frank. As many as 10,694 units were registered in the year-ago period. In August this year, the registration of properties stood at 11,631 units. "The decline in home registrations in September 2024 can be primarily attributed to the inauspicious days of 'Shraadh', which constituted 12 days of the month in 2024, when traditionally individuals refrain from making significant purchases or engaging in high-value transactions," Knight Frank said in a statement. In 2023, Shraadh was observed from 29 September to 14 October. Knight Frank has compiled the data on the registration of properties from the Department of Registrations and Stamps, Maharashtra government. The data includes sales in both primary (fresh) and secondary (re-sale) markets.

Post-Covid, senior citizens lead 204% surge in Mumbai property: Report

The 61-and-above age cohort has emerged as the fastest-growing segment, surpassing all other age groups in market share growth

Houses worth over Rs 4 cr record 27% growth in sales in Delhi-NCR: CBRE

The first half of 2024 witnessed a surge in the luxury housing market in the Delhi-NCR region, driven by affluent buyers, enhanced amenities, and major infrastructure projects, according to CBRE

Rich Chinese spend millions on Shanghai's luxury property, defying crisis

Shanghai's luxury real estate market is a bright spot in China's bleak property sector

High property prices to boost debt recovery from realty projects: Report

Recovery of debt from stressed residential realty projects is set to increase in the current financial year due to higher property prices as well as changes in rules, a report said on Monday. The bad loan recovery rate is estimated to touch 16-18 per cent at the end of FY25 from 11 per cent as on March 31, 2024, domestic rating agency Crisil said in a report. "This will be driven by improved viability of stressed projects due to healthy demand and price appreciation seen in residential real estate and greater investor and promoter interest in reviving such projects," the agency said. It added that recent amendments to the Insolvency and Bankruptcy Board of India (IBBI) regulations for real estate projects should also strengthen resolution of stressed real estate assets in the medium term. The agency said it analysed the performance of its portfolio comprising security receipts of Rs 9,000 crore from 70 stressed realty projects with a saleable area of 66 million square feet while ..

Delaying residential property purchase will only increase acquisition cost

Waiting for interest rates to soften is also not advisable, warn experts

Realty advisor CBRE cuts profit forecast as high rates hurt property market

"Commercial real estate capital markets remained under significant pressure in the third quarter," CEO Bob Sulentic said in a statement

Seek refund if alterations in realty project plan affect you adversely

Refund can be sought from the developer even if you had earlier consented to alterations

Property registrations in Mumbai fell 12% to 9,923 units in June: Anarock

Mumbai real estate sector is likely to witness a momentary slowdown in the next few months, but the long-term direction remains upward, said Anarock

Rs 6 cr to 45 cr for a flat: NCR's Golf Course Road sees 42% price hike

Golf Course Road is a well-developed luxury micro market in Gurgaon which has been in high demand from the HNIs and luxury buyers alike

Home prices costlier by 8% in India, Delhi-NCR sees steepest hike of 16%

Delhi-NCR saw the highest increase in residential prices at 16% year-on-year, followed by Kolkata and Bengaluru with 15% and 14% increase, respectively.

Property prices in Noida could see major jump, circle rates going up

Due to the hike in land allotment rates, people will have to spend more money in setting up industries and building houses

Property to get costlier in Gurugram as circle rates hiked by up to 30%

As per the new rates notified by the government, the circle rates of a housing project on Golf Course Road have been increased and now a homebuyer will have to pay higher taxes