A massive explosion at a chemical factory in Dombivli
Chemical Factory BlastThane DistrictDombivliMaharashtra Industrial Development CorporationBoiler ExplosionReal Estate MaharashtraMay 25, 2024

According to initial reports four boilers of the Amber Chemical Company exploded triggering a massive blaze
Over 60 people were injured in the explosion
Teams from the Thane civic body’s Regional Disaster Management Cell and 13 personnel from the Thane Disaster Response Force arrived at the location with efforts ongoing to control the blaze
Maharashtra Deputy Chief Minister Devendra Fadnavis confirmed the rescue of eight people trapped on the premises
Ravindra Chavan urged people in the surrounding areas to not panic and assured that the administration has been asked to deal with the firefighting operations

Private equity investments in Indian real estate surged 15% YoY to USD 3 billion in H1 2024, driven by growth in warehousing and residential sectors.

In a move to simplify tax calculations, the government has introduced an option for taxpayers to compute capital gains tax on real estate transactions. This change is expected to benefit property sellers and reduce disputes over tax liabilities.

Mid-tier cities like Faridabad, Lucknow, Vrindavan, Ludhiana, Chandigarh, Indore, Dehradun, and Jaipur are becoming hotspots in the real estate market, offering a low-cost, peaceful life and high returns on investment.

MahaRERA appoints NAREDCO Maharashtra as the first self-regulatory organization. The Maharashtra Real Estate Regulatory Authority makes a significant step towards ensuring transparency and accountability in the real estate sector.

Real estate mogul and entrepreneur Barbara Corcoran will take center stage at the premier supply chain conference of the year in Ottawa, Ontario, Canada.

Coimbatore leads the growth with a 36% increase in sales volume, while Visakhapatnam's real estate market experiences a 21% downturn.