Sanskruti Lifespaces

MakaaniQ picks five residential projects for buyers looking for luxury homes in Pune.

If you are searching for a good location to invest in emerging real estate destination of Hyderabad, the northern zone can be a good option for you.

The liveliest location in the National Capital Region (NCR), Gurgaon is not just known for its swanky corporate buildings but also the many high-end residential structures that promise a premium lifestyle for homebuyers. MakaaniQ lists the top five costliest localities in Gurgaon ranked according to the current pricing.

According to media reports, Indian cricket team captain Virat Kohli has cancelled the sale deed of an uber-luxury sky bungalow he bought for Rs 34 crore in 2016 from Omkar Realtors. The Indian skipper, who is currently living with actor wife Anushka Sharma at a plush rented apartment in Mumbai’s Worli at a monthly rental of Rs 15 lakh, is now planning to buy a penthouse at Bandra or Versova, some of the most posh localities in Mumbai, a city that is counted among the most unaffordable property markets in the world.

The year 2017 has been a roller-coaster ride for all the stakeholders of the real estate sector. After the Narendra Modi-led government announced demonetisation in November 2016, the industry was trying to recover from the setback it caused. However, introduction of new laws such as the Real Estate (Regulation & Development) Act, 2016, and the Goods and Services Tax further slowed the pace of property sales across the country. Even cheaper home loans did not encourage homebuyers to invest. However, in the end, all the newly introduced reforms did discipline the players in the sector with stringent rules and penalties for violations. Industry experts believe that 2018 would be a year that will witness sales picking up.