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Hubtown Developers in Mumbai
Last Updated: November 18, 2024
Hubtown Developers is a top real estate developer in India, with a portfolio of 2 projects, including 2 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, Hubtown Developers’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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Hubtown Developers
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Hubtown, earlier known as Ackruti City Limited, is one of India's top real estate organisations with more than three decades of experience in projects covering the full spectrum of real estate development, including residential, commercial, IT, industrial, and infrastructure. It has vast experience in constructing and developing properties and real estate projects spread across Mumbai, Thane, Pune, Bangalore, and four cities in Gujarat. Hubtown was founded in 1985, by Vyomesh Mahipatray Shah, al ... so known as Vimal, to dramatically change the nation's real estate landscape, introduce the best residential and commercial spaces, and introduce a premium lifestyle to all. Mr. Shah is the Chairman and Managing Director of Hubtown Limited (formerly Akruti Nirman Ltd.) since December 30, 1996. He has corporate financial management experience in different industries like finance real estate construction, and property development sectors. He was also the director of Akruti City Limited since February 16, 1989. He has also headed as the Chairman of the Slum Redevelopment Association and Secretary and Vice Chairman of the Maharashtra Housing Industry Chamber. Over the last 40 years, Hubtown has delivered over 14 million square feet of space as part of 45 million square feet of prime real estate across multiple asset classes. Its portfolio spans high-end residential developments, special economic zones (SEZs), bespoke office spaces, and IT parks. Hubtown is present in seven cities in India and has introduced several projects in collaboration with the local government and other real estate initiatives under social infrastructure development projects. Hubtown's relentless social commitment, innovation, integrity, and high-quality construction, functions, and processes have resulted in strong ties with companies such as Canara Bank, TCS, and Angel Broking. Hubtown has made a mark in India with world-class construction, advanced architecture, rich amenities, affordable housing, and design services. It has delved into almost all kinds of real estate building, constructing, and maintaining, which includes cost-effective luxurious homes, large villas, multi-acre IT parks, planned retail places, and commercial properties, which are well-planned and perfectly placed. Hubtown is the first private developer to build an IT park in Maharashtra. The real estate giant has also completed Maharashtra's first successful private slum regeneration program and also installed Maharashtra's first automated public car parking service.
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.