The UT Administration has notified a threefold increase in property tax on residential properties and two-time hike on commercial ones. All government properties are exempt from the hike. The new tax will be applicable from April 1 for 2025-26.
The Maharashtra government has increased the "ready reckoner" (RR) rates for the financial year 2025-26, which are used for property valuations related to stamp duty and taxes. This marks the first increase in two years. Mumbai will see a 3.39% hike in these rates, while other areas in the state will experience a larger average increase of 3.89%. Notably, cities like Navi Mumbai, Thane, and Nashik will face steeper hikes, reaching up to 10.17%.
In India, owning a home has long been treated as a life goal—something you must do. But that belief is slowly starting to shift.
Hardik Joshi, a risk analyst, summed it up in a recent post: “At some point, people stop saying ‘I must buy a house.’ And start asking ‘Is buying actually worth it?
Fuelled by high demand and limited land availability, the Tricity region — Chandigarh, Mohali, and Panchkula—is witnessing a substantial real estate boom, driving significant property price increases and establishing it as a prime realty hub for buyers and investors.
Mumbai’s real estate market recorded over 15,603 property registrations in March, marking a 10.3% year-on-year (YoY) increase. Stamp duty collections surged by 45% YoY to ₹1,597 crore, reaching their highest-ever monthly levels, driven largely by a rise in high-value transactions, according to IGR data accessed by Knight Frank.
High-rise apartments have overtaken bungalows in the Rs 100 crore-plus segment, emerging as the preferred choice for India's ultra-luxury homebuyers. A report by JLL found that 65% of ultra-luxury home sales in the past three years were apartments, challenging the traditional preference for sprawling villas and standalone mansions.
Gudi Padwa 2025, a spring festival that marks the beginning of the New Year for Marathi and Konkani Hindus, is when many real estate developers in Maharashtra traditionally offer discounts to attract homebuyers. This year, the Mumbai real estate market follows suit, maintaining its typical trend.
With home loan interest rates expected to decline further, the Indian real estate market is poised for a significant boost in FY26. The recent 25-basis point repo rate cut by the Reserve Bank of India (RBI) has set the stage for a potential easing cycle, making homeownership more affordable and enhancing loan eligibility for buyers.
The construction and building sectors are projected to contribute more than half of the emissions from new buildings by 2050, according to a doctoral study conducted by Chaitali Joshi, a faculty member of MS University's department of architecture. The study, part of her PhD research, focuses on Ahmedabad as a case study.
The real estate market in Hyderabad has experienced its most severe downturn since the 2020 pandemic, recording the sharpest decrease amongst metropolitan areas, with sales and new launches both falling by half.
According to the latest reports from real estate services firms Anarock and PropEquity, residential sales in the city saw a 45% to 50% decline during this period. The number of units sold decreased from 20,835 between Jan and March 2024 to 11,114 during the same period in 2025, indicating a 47% reduction.
