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Adani Realty in Mumbai
Last Updated: November 18, 2024
Adani Realty is a top real estate developer in India, with a portfolio of 5 projects, including 5 in Mumbai. They offer a variety of options, including new launches, under-construction properties, and ready-to-move-in apartments. Known for quality and innovation, Adani Realty’s projects span residential and commercial sectors. Explore Lodha Group New Project in Mumbai to find your perfect property and experience excellence in real estate.
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Adani Realty
Year Estd. 1998
Adani Realty is a significant player in the Indian real estate market, serving as the real estate arm of the influential Adani Group. The company specializes in developing residential, commercial, and social club projects, with a strong presence in major cities like Ahmedabad, Mumbai, Pune, and Gurugram. Leveraging the financial strength and reputation of the Adani Group, Adani Realty has experienced rapid growth in a relatively short period. The company's business model revolves around creat ... ing high-quality, modern living and working spaces that align with the evolving preferences of India's urban population. By combining a substantial land bank, meticulous planning, and advanced construction technology, Adani Realty aims to deliver exceptional real estate projects. Their commitment to design aesthetics and customer satisfaction is evident in their award-winning commercial and retail spaces. While Adani Realty enjoys a strong market position, it also operates in a competitive landscape characterized by regulatory challenges and economic fluctuations. However, the company benefits from the increasing urbanization trend in India and the rising demand for quality real estate, presenting substantial growth opportunities.
About Mumbai
The city of dreams for millions, where your passion gets a wing to fly. Every Mumbaikar has one thing common in their wishlist, to buy a flat in mumbai. Mumbai is also considered as the economic capital of India. Mumbai is a major destination for every business person as well as other professionals. The city's infrastructure continuously changes as it develops, transforms, and improves. The people of Mumbai and its suburbs now enjoy a lavish lifestyle because of the city's rapid and sudden development in recent times. Mumbai's and its suburbs' real estate market is substantially expanding with the merger of the residential development of the megacity with the Thane and Navi Mumbai districts. Enhanced connectivity and modernized infrastructure, makes Mumbai a preferred location to all.
In terms of connectivity, career growth, hospitality, safety, and all the other major aspects, Mumbai is a preferred location in India. The main reason behind the rise in the Mumbai real estate market is its career growth opportunity and easy connectivity across the city. Mumbai has extensive transport connectivity via roadways like highways/bridges and railways like local/ metro/ monorail. In fact the railways are considered to be the lifeline of Mumbai.
Stamp Duty and Registration Charges in Mumbai
The stamp duty and registration charges in Mumbai are determined by the Maharashtra Stamp Act of 1958. Recently the government has updated rates of SDR in different regions of mumbai. Stamp duty and registration fees are determined by several variables, including the type of property, the owner's gender, the apartment's location, its market value, and its age.
| Area Limits in Mumbai | Stamp Duty For Male Homebuyer | Stamp Duty For Female Homebuyer | Registration Charges |
| Within the municipal limits of any urban area | 6% | 5% | 1% |
| Within the limits of a municipal council/ cantonment area/ panchayat area within MMRDA | 4% | 3% | 1% |
| Within the limits of a gram panchayat | 3% | 2% | 1% |
Stamp Duty and Registration Charges in Different Location of Mumbai
| Location/Area | Stamp Duty Fee | Registration Fee |
| South Mumbai | 5%+1% metro cess | 1% |
| Central Mumbai | 5%+1% metro cess | 1% |
| Western Mumbai | 5%+1% metro cess | 1% |
| Navi Mumbai | 5%+1% metro cess | 1% |
| Harbour | 5%+1% metro cess | 1% |
| Thane | 5%+1% metro cess | 1% |
Registration Charges Based On Property Value
| Party | Registration Charge |
| Homebuyer (both male and female) | Property value below ₹30 lakh = 1% Property above ₹30 lakh = ₹30,000 |
Insights on Mumbai Region
Mumbai is the capital of Maharashtra and is also known as the financial capital of India, due the contributions of billionaires in this city, to the economy and global events. Mumbai is one of the most populous cities in India, boasting 21.7 million residents across the city. Mumbai is a metro cosmopolitan city with a vibrant and a mixed culture, attracting people from all backgrounds and religions. Mumbai is also a major tourist attraction for places like Chowpatty Beach, Modern Art Gallery, Gateway of India, Marine Drive, Sanjay Gandhi National Park, Chhatrapati Shivaji Terminus, and more such places. Apart from the glamor of this city, it has also been working towards multiple infrastructure projects to improve the connectivity across the city. The city has also undergone significant changes over the past few years, with the new trend and innovations in the Mumbai real estate market. Considering all these factors, Mumbai is one of the great places to live and work.
Community Living: Mumbai is known for its mixed cultural living city and creating a community for a better living standard. Watching this trend, developers are also building projects that offer shared spaces, such as co-working areas, clubhouse, gym, garden, and other amenities to socialize.
Suburban Living: As Mumbai is one of the most populated cities in India, the demand for flats in Mumbai keeps rising. Due to its high demand, suburbs like Thane, KDMC, and Navi Mumbai are rapidly becoming preferred choices for homebuyers.
Technology: The demand for smart homes in Mumbai is continuously increasing among the homebuyers. Developers are also incorporating the AI tools and automation systems in the new projects, for the comfort and convenience of its residents.
Social Infrastructure: There are top quality schools, healthcare facilities, and recreational amenities available across the city, enhancing the liveability of an area – making it more appealing to potential homebuyers and tenants.
Affordability: Due to its increasing population, there is a high demand in affordable apartments in Mumbai. This demand special comes from the low or middle income group of people. To cater this type of customer, developers are building projects that are affordable yet sustainable.
Job Opportunity: Mumbai is a thriving business and commercial hub and is home to several prominent industries, including finance, media/entertainment, technology, and textiles. This gives a great job opportunity to people across all the domains.