The Municipal Corporation of Greater Mumbai (BMC) has presented a robust budget of over Rs 74,000 crore for the financial year 2025-26. The budget focuses on enhancing infrastructure, improving public services, and promoting sustainable development in the
Mumbai BudgetBmcInfrastructure DevelopmentPublic HealthAffordable HousingReal Estate MumbaiFeb 04, 2025
The total budget allocated by the BMC for the financial year 2025-26 is over Rs 74,000 crore.
Rs 15,000 crore has been allocated for infrastructure projects, including the expansion of the metro network and the construction of new flyovers and bridges.
Rs 10,000 crore has been set aside for the improvement of healthcare facilities and public health initiatives.
Rs 7,500 crore has been allocated for the development of schools and educational institutions.
Rs 3,000 crore has been allocated for the improvement of waste management and sanitation services.
The government is set to introduce flexibility in computing capital gains tax on immovable property, offering relief to taxpayers and the real estate industry.
South and Central Mumbai, home to India's most expensive apartments, have been playing a key role in the recent surge in the luxury residential property market. The acquisition of the American Center in Marine Lines by the House of Abhinandan Lodha furthe
Aditya Birla Real Estate has made a significant move by acquiring a large plot of land in Boisar, Maharashtra, for ₹104.3 crore. This strategic acquisition is a key step in the company's ambitious real estate growth plans.
Pune, 20th January 2025: The rental market in Pune has experienced a sharp increase in recent years, causing tenants across various localities to struggle with substantial rent hikes.
A recent report by PropEquity highlights the mixed trends in Visakhapatnam's residential real estate market from 2019-20 to 2023-24, offering insights into the future of this vibrant sector.
A comprehensive look at the current state of the real estate market in major cities, exploring the factors that have influenced its growth and the signs that may indicate a potential peak.