Higher-value property registrations and an augmented stamp duty price are noted as contributing factors. Knight Frank India, a real estate consulting company, provided insights into the rising share of registrations for properties valued at Rs 1 crore and above. This surge is attributed to increased property prices and a preference among homebuyers for more spacious accommodations. Conversely, the residential real estate sector witnessed a surge in demand, driven by low rates of interest, a desire for more dwelling area, and important migration patterns within the nation.
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The housing society insisted on a share of the sale amount for its NOC to transfer the flat in the name of the model new owner. In one other south Mumbai building, a vendor paid the society Rs 28 lakh for a 2,850sqft flat, stories Nauzer K Bharucha. Manoj Champaklal Shah, 72, and Suresh Shroff, 65, directors of SVK project LLP, were Real Estate News arrested by the Economic Offences Wing’s Unit 2 for defrauding 10 flat buyers of Rs eleven.50 crores in a redevelopment project in Vile Parle. Larger regulation firms have been shedding house whilst they’ve added legal professionals.
House Loans Reach Rs 1936 Lakh-crore Mark
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