Mumbai’s property market faces a Ready Reckoner rate hike. Understand the impact, risks, and why completing your transaction before March 31 could save you lakhs.

HDFC Bank has secured 2.72 lakh sq. ft. in Andheri East for an annual rent of ₹77 crore, reinforcing Mumbai’s commercial real estate growth. The 10-year lease in R Square by Runwal Realty includes a 15% rent hike every 3 years and ₹116 crore security deposit.

The real estate sector in Tier-II Indian cities experienced remarkable growth between January and September 2024.

From January 2022 to October 2023, Indian real estate developers bought 3,294 acres of property, 44.4% of which was in Tier 2 and 3 cities.

2023 April second week's unexpected pause in interest rate hikes by the Reserve Bank of India (RBI) and record fourth-quarter pre-sales readings by real estate developers have reignited investor appetite for property stocks.

The recent proposal by the Brihanmumbai Municipal Corporation (BMC) to hike the city’s permissible FSI limits from the existing 1.33 to 2.0 has stirred up a raging debate among developers and eco-activists on the many pros and cons of this move.

Post the recent 7th Pay Commission salary hike announced recently, property has emerged as the leading investment avenue among serving and retired government employees surveyed across 20 Indian cities by a realty think tank group.