Category: Real Estate News

Regular newsletters compiled and published by Spacio Realtors covering important and newsworthy updates related to Indian real estate and Mumbai in particular.


 

Realty News June 2018 Issue 2

June 2018 Vol 01 Indian billionaires’ wealth grows 18% in ’17 The ultra-rich are getting wealthier at a faster pace in the country. At 18%, persons with a wealth of more than $1 billion saw the highest growth in their fortunes between 2016 and 2017, according to Boston Consulting Group’s (BCG) ‘Global Wealth Report 2018’. […]

Realty News June 2018 Issue 1

June 2018 Vol 01 New DP to come into effect from June 23 The city’s Development Plan (DP) 2034 will come into force from June 23, exactly a month after a notification was published in a state government gazette. But the plan which comes into force will not include the Excluded Plan (EP), for which […]

Realty News April 2018 Issue 2

April 2018 Vol 02 Confused? Soon, software will calculate your Property Tax You will be soon able to compute your flats’ property tax online. The Brihanmumbai Municipal Corporation (BMC) is developing software, which will help the homebuyers to compute their property tax at the click of a button. Currently, there is no mechanism that tells flat […]

Realty News April 2018 Issue 1

April 2018 Vol 01 Ready reckoner remains static, experts say slash would have helped market The slump in the real estate market has forced the state government to keep Ready Reckoner (RR) Rates unchanged. The order issued by the Inspector General of Registration on the last day of the current financial year states, “Taking into consideration […]

Realty News March 2018 Issue 2

March 2018 Vol 02 State finally clears way for drop in stamp duty on real estate sale Homebuyers could expect some relief as the state government has introduced a provision that will allow reduction of Ready Reckoner (RR) rates. Until now, RR rates, which are revised annually, could only be increased or kept steady. RR rates […]

Realty News March 2018 Issue 1

March 2018 Vol 01 BMC may give builders FSI relief The BMC has decided to offer benefits of its soon-to-be-released Development Plan-2034 for the city to builders who, in the past few years or during the one year that the draft DP has been under discussion, carried out construction in excess of allotted floor space index […]

Realty News February 2018 Issue 2

February 2018 Vol 02 Realty bodies ink pacts with Maha to build 9L Affordable Homes by ’22 Realty developers’ bodies CREDAI CREDAI-MCHI and CREDAI Maharashtra have entered into two separate agreements with the government of Maharashtra to develop over 9 lakh affordable houses across the state between 2018 and 2022 to support the government’s objective of […]

Realty News February 2018 Issue 1

February 2018 Vol 01 Homebuyers’ interest comes before banks’: Supreme Court The Supreme Court on Tuesday expressed concern over the interests of homebuyers being neglected in insolvency proceedings against real estate companies and slammed Interim Resolution Professional (IRP) in the case against Amrapali group for harassing flat buyers and demanding rest of the money due to […]

Realty News January 2018 Issue 2

January 2018 Vol 02 Register house using Aadhaar Following Gujarat, the state has allowed buyers to register their property without witnesses using Aadhaar. The notice will come into effect from February 1. The department of registration and stamps issued a notification last week allowing verified Aadhaar credentials for property deals from next month. The state […]

Realty News January 2018 Issue 1

January 2018 Vol 01 Affordable Housing to drive Realty in 2018 The affordable housing segment is expected to continue to drive the real estate sector in 2018 with several developers and institutional funds eyeing opportunities in this space led by better returns. The end-user demand in this segment along with the government’s thrust through incentives […]
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