Category News Updates

News and updates about the Mumbai Property Market.

Blog

Legal Dept. Drafts Rules to Regulate Mumbai Real Estate – TOI

The Sunday Times of India reported the following. Excerpts and Outlook from a Mumbai Real Estate Broker. To protect flat buyers from being short-changed by builders, the legal metrology department has, for the first time, prepared draft rules to regulate the construction industry. “It will curb unfair trade practices and provide right delivery of area

Continue Reading →

Mumbai property rates may remain subdued in near future: Icra

MUMBAI: Real estate developers in Mumbai are finding it difficult to increase property prices because of rising inventory levels, subdued demand and uncertain macroeconomic environment, says credit rating agency Icra. “Declining affordability and high economic uncertainty are the twin reasons, which would cause property prices in Mumbai to remain subdued, in the near and medium term,” it said in

Continue Reading →