Mumbai's luxury residential sector is a worldwide symbol of grandeur. Channel partners link developers and selective purchasers in this private sector, notably in the ultra-premium category, where knowledge and networks account for over 60% of transactions.

The Insolvency and Bankruptcy Board of India (IBBI) suggests granting ownership to debt-free purchasers who already own their property during the insolvent real estate firm's bankruptcy settlement. However, the committee of creditors must approve this plan.

MahaRERA has warned purchasers about 314 housing projects undergoing corporate bankruptcy resolution at the National Company Law Tribunal. A major 236 projects are in Mumbai, 52 in Pune, nine in Haveli, and five each in Ahmednagar and Solapur.

As Independence Day and Ganesh Chaturthi approach, purchasers might find great real estate offers. These holidays offer fresh project releases, incentives etc making it a great time to buy property. To protect your home investment, navigate these offers carefully. Ghar highlights key aspects.

Pune is one of India's top locations for high-net-worth individuals due to its booming luxury real estate sector. Pune's combination of history and modern living attracts affluent purchasers. Ghar's data-rich research of Pune's luxury real estate boom will benefit industry experts and fans.

Mumbai: Starting October 1, 2024, a 1% TDS will be applied on the purchase price or stamp duty value (whichever is higher) of immovable property worth over INR 50 lakhs, even with multiple purchasers or sellers, per Budget 2024.

With its high-end living spaces, superb connectivity, and world-class social infrastructure, Bandra West is quickly becoming Mumbai's suburban ultra luxury residential district. Its distinctive appeal attracts rich Mumbai and NRI purchasers, confirming its reputation as a luxury real estate hotspot.

The real estate market in South Mumbai, the city's affluence, is changing. Now popular with luxury condos, the region was formerly dominated by lovely old-world houses. This shows that rich purchasers want homes with exclusivity, tradition, modern conveniences, and a thriving community culture.

Maharashtra Real Estate Regulatory Authority (MahaRERA) has ordered the termination of sale agreements between a developer and purchasers who missed payment deadlines in an unprecedented action.

MahaRera will assess every project based on technical, legal, financial, and general project overviews that developers must provide every six months online to make the real estate business more responsible to purchasers.

Corporate real estate developers across Indian have recognised the high value of plotted developments and vacation properties, and are increasing their investment in this segment to provide purchasers with more options and greater transparency.

The Uttarakhand government has decided to enact a law with stringent land purchase requirements.

Ghar.tv presents a simple list of important steps & guidelines that first-time home purchasers can follow and put to use during their home-buying process.

Recently, helipads have become the most desirable feature for luxury residences, as rich purchasers are prepared to pay a premium for homes that have ready access to a helicopter.

Real estate investment is a major choice. It's usual for purchasers to possess a city property before exploring a second home elsewhere.