For those of you getting acquainted with the real estate industry for the first time, it is only natural to come across new words, phrases, and terms that may confuse you. For instance, a simple term such as 'area of the home' can be very misleading – this is because the area could be the carpet area, the built-up area or the super built-up area.
Some of the most expensive flats in Mumbai are owned by none other than the top Bollywood celebrities. It is known that being able to buy a home in Mumbai is another way of saying you have arrived.
Maharashtra continues to be India’s best performer and the wealthiest province, with its no.1 ranking based on fiscal, economic, social, financial, environmental, and government factors. The GDP for the country’s most prosperous state is expected to be ₹35.81 lakh crores in the year 2022-23, making it one of the largest commercial and industrial sectors.
Buying a property in India can be an exciting experience, but it's important to know about all the taxes that come with it. In this blog, we'll be discussing the different taxes that you'll need to pay before and after buying a property in India, and how they can affect your budget.
The country's financial capital, Mumbai, is the epicenter of economic, industrial, and financial activities. With a population of over two crores, the Maximum City remains the land of opportunity, contributing above 6% of India’s GDP alone, which is ₹4.95 lakh crores, with an estimated 25% of industrial production, 70% of maritime trade, and 70% of capital transactions and also leading the country in income tax payments.
Property investment is one of the most popular forms of investment today. It can be a great way to build wealth and generate passive income. Moreover, it is a relatively safe form of investment compared to other asset classes. Investing in property can be done in many ways, such as buying a home, an apartment, a villa, a commercial space, or even land.
One of the most debated topics in the real estate sector is the difference between living in an apartment and an independent house, based on the pros and cons. However, it is necessary first to understand their terminologies.
An upmarket residential neighborhood in South Mumbai, Malabar Hill, derives its name from the 12th-century Walkeshwar Temple, which the Silahara Kings founded. According to our historians, a renowned Keyi Family of Nothern Malabar in Kerala had control over many parts of Mumbai, including the posh Malabar Hill.
As we kickstart 2023, the real estate market is bracing for an exciting year filled with new opportunities and challenges. In fact, as per the industry reports, India’s real estate market is set to boom and reach Rs 13,00,000 crores in the upcoming year.