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In 2021, Pune’s residential real estate sector demonstrated substantial growth with a 38% year-on-year increase, as per the half-yearly report released by property consultant Knight Frank. The region achieved sales of 37,218 units and transacted 3.8 million square feet of office space during the year. New launches experienced a 16%…

Housing sales in the July-September period surged by more than two-fold to 62,800 units across seven major cities, driven by increased demand fueled by low mortgage rates and hiring in the IT/ITeS sector, according to property consultant Anarock. In the same period a year ago, residential property sales were at…

The South Delhi Municipal Corporation (SDMC) has implemented changes that will make property purchases more expensive in South Delhi. The transfer duty, calculated on the registered sale value of a property in addition to stamp duty, has been increased by 1% for properties above Rs 25 lakh. Furthermore, the corporation…

Following directives from the Punjab government, the Real Estate Regulatory Authority (RERA) has officially regularized 695 colonies, with the registration process ongoing for 150 more colonies. According to a RERA official, colonies with an area exceeding 500 square meters fall under RERA’s jurisdiction, and approval from the regulatory authority is…