South Mumbai, defined as all areas south of Mahim in the west and Sion-Chembur in the east, has long been considered out-of-bounds for the salaried class, even among the higher end of the scale, due to historically high home prices. However, observers say that an increasing number of projects in close proximity to south Mumbai, and some in south Mumbai itself, can be purchased for upto Rs 4 crore, although inventory remains limited.

Demand for super luxury homes, each prices above Rs 40 crore, hit an all time high in 2024 with sales of 59 units for Rs 4,754 crore across top seven primary and secondary housing markets, according to Anarock.

Real estate consultant Anarock data showed that ultra-luxury homes (priced above Rs 40 crore each) continued to sell briskly in 2024, despite rising prices.

Around 14.3 per cent of live microfinance borrowers held active retail loans as of September 2024. Among these, approximately 37 per cent were in the 30+ days past due (DPD) category for either their microfinance or retail loans, or both, according to a report by CRIF.

The report highlighted that borrowers with an overlap of microfinance and retail loans exhibited higher delinquency rates compared to those with only microfinance loans.

Sixteen of the top 25 cities ranked based on their women-friendly career opportunities, infrastructure, security and empowerment, are in South India. This is revealed by Avtar Top Cities for Women in India (TCWI) 2024 report. Tamil Nadu dominates the list with eight cities, followed by Kerala (3), Karnataka (2), Telangana (1), Andhra Pradesh (1), and Puducherry (1).

Mumbai, the financial capital of India, is a city where a rich historical legacy intertwines with an ever-evolving urban landscape. This dynamic juxtaposition creates a pressing need for redevelopment and revitalization, particularly for the city’s aging buildings. According to the Maharashtra Housing and Area Development Authority (MHADA), over 14,000 structures older than 30 years are in dire need of redevelopment due to compromised structural integrity.

In a first, the Uttar Pradesh government is set to introduce standard guidelines to address discrepancies in property circle rates fixed and revised by district magistrates (DMs) from time to time across all 75 districts.

The move aims to bring uniformity and transparency to the process, which has often been criticised for inconsistencies hampering investment in the state and depriving many farmers and other sellers of a fair value of their property.

South Mumbai, defined as all areas south of Mahim in the west and Sion-Chembur in the east, has long been considered out-of-bounds for the salaried class, even among the higher end of the scale, due to historically high home prices. However, observers say that an increasing number of projects in close proximity to south Mumbai, and some in south Mumbai itself, can be purchased for upto Rs 4 crore, although inventory remains limited.

The Delhi-Mumbai Industrial Corridor (DMIC) is an ambitious infrastructure project aimed at creating a world-class industrial zone along a 1,504-kilometer stretch between Delhi, the national capital, and Mumbai, India's financial hub. Spanning six states-Uttar Pradesh, Delhi NCR, Haryana, Rajasthan, Gujarat, and Maharashtra-the project is designed to enhance industrial growth, foster urbanization, and position India as a global manufacturing and trading hub.

2024 has proven to be a groundbreaking year for India’s luxury real estate market. From stellar deals in Gurugram to blockbuster sales in Mumbai, the super-luxury living trend is reshaping the real estate landscape. Gurugram, in particular, has emerged as a fierce competitor to Mumbai and Dubai in the luxury real estate category, setting new benchmarks and redefining urban opulence.

Municipal Administration and Urban Development (MAUD) Minister P. Narayana has said that the State government wants to give a fillip to the real estate sector in the State and as part of this regulations are being simplified. He said that construction and layout approvals are being simplified adding that the new building construction regulations will be issued next Thursday. The Minister urged builders to cooperate with the government at a special meeting organised on the pending Real Estate Regulatory Authority (RERA) applications, here on Monday.