December 2024

As can be seen, the city's Mumbai real estate market has lately become shifted towards the western and central suburbs. According to data just released by the Inspector General of Registration and Controller of Stamps of Maharashtra, sourced by Knight Frank India, an impressive 84 per cent of the total of 10,200 properties that were registered in November 2024 were located there. Property registrations...

The Mumbai real estate market is vast, diverse, and dynamic. It is driven by factors such as population growth, migration, and urbanization. Some challenges include low sales volume, unsold inventory, limited affordability, regulatory issues, and poor urban planning. The sector's growth has shaped the city's socio-economic landscape. The real estate sector in Indian metropolitan areas is almost...

It is an alphanumeric number issued by the income tax department, through which a person is identified for the purpose of taxation in India. This system is being made mandatory in almost all the registration processes because it helps the government keep track of a person's financial dealings.  The more significant the dealing, the larger the tax, and therefore evading the revenue is hard. Hence,...

1. Introduction to Mumbai Airport Mumbai, the commercial capital of India, has been boasting of being one of the major aviation hubs, not only domestically but also internationally. The Chhatrapati Shivaji Maharaj International Airport spreads its wings across India and abroad, with several services both domestic and international connecting major air routes and cities. Recently awarded the Best...

1. Introduction to Registration Fees and Stamp Duty Registration fees and stamp duty are inevitable costs that need to be met by every individual purchasing a flat. A deed of sale of immoveable property for the value of over a prescribed amount must compulsorily be presented either for adjudication or for registration. On failure to present the documents, such a document is made to lose legal efficacy...

1. Introduction to Tuition Classes in Residential Flats in Mumbai Tuition Classes in Residential Flats in Mumbai are a common sight in Mumbai. They reveal the growing demand for supplementary education, a fast-growing practice in India that garnered a significant turnover in 2020. There is pressure on young urban students, such as academic stress, peer pressure, exam pressure, and the need for...

1. Introduction to Floor Space Index (FSI) Floor Space Index (FSI) is an important parameter in any developing urban area. It provides one of the important bases for planning and development control. When correctly determined, FSI dictates the allowable built-up area on a given plot. On the other hand, it has also to be determined by way of translating land use policy, transportation management and...

1. Introduction to the Commercial Real Estate Sector in Mumbai The commercial real estate sector plays a crucial role in the functioning and economy of any metropolis, with its significance being even more pronounced in a city like Mumbai. Comprising properties such as office spaces, retail establishments like shopping centers and high-street shops, and industrial, technology, and warehousing...

1. Introduction to MHADA and its Role in Affordable Housing MHADA Lottery (MHADA) for the Maharashtra Housing and Area Development Authority. It was established in 1948 and has been a key facilitator of affordable housing in Maharashtra since. The organization was established by the government of Maharashtra with the primary goal of catering to the housing needs and problems of economically weaker...

1. Introduction to Mumbai Real Estate Market Given its status as the financial capital of India, Mumbai is one of the most important real estate markets in the country. The city has its own unique characteristics as it has evolved through centuries. This development has dictated the unique identity of this city and has resulted in disparities between different neighborhoods. In all of its glitzy...