In a major relief for property owners across Delhi, the Municipal Corporation of Delhi (MCD) has launched the SUMPATTIKAR NIPTAAN YOJANA (SUNIYO) 2025–26, a one-time property tax amnesty scheme aimed at clearing long-standing tax dues without penalty or interest. What is ‘SUNIYO’ scheme? The SUNIYO scheme is applicable to all types of properties such as…
Mumbai, a financial capital of the nation, has recorded a historic high in the first half of 2025 (January to June) in real estate’s property registration. A total of 75,672 property registrations were recorded in H1 2025 which is the highest ever for the city. This indicates a 4 per cent year-on-year increase compared to…
Embassy Developments, a major real estate developer, on Monday signed a Joint Development Agreement (JDA) for a land parcel of approximately 17.9 acres in Whitefield, Bengaluru. The upcoming project will be a premium residential community with an estimated gross development value (GDV) of around Rs 1,600 crore. Located just off Whitefield Main Road, the development…
The supply of new affordable housing in India’s top 15 tier 2 cities witnessed a steep decline of 54 per cent in January-March quarter (Q1) of the current year, indicating a shrinking Focus of developers on the affordable housing segment. The affordable housing segment is defined as the properties priced under Rs 50 lakh. Real…
Mumbai witnessed a 11,504 property sale registrations in real estate market in May 2025, according to Knight Frank India. This sales in the real sector is a 5.3 per cent increase compared to May last year. The surge in property transactions resulted in revenue for the Maharashtra government with stamp duty collections crossing Rs 1,057…