Real Estate Sector Latest News, Updates & Insights – PropertyPistol Blog

India has the most cooperative societies in the world, with approximately 900,000 in operation. Cooperative societies, in effect, represent about 20% of the country’s gross domestic product. Maharashtra has about 50 million members in 2.3 lakh cooperative groups. Co-operative housing societies account for about 52% of all cooperative societies, with a working capital of Rs 3,97,466 crore and deposits of Rs 210,404 crore. The Maharashtra Cooperative Societies Act, 1960 governs these co-operative societies, that are extremely strong due to their financial and social effect in the state.

In Mumbai, the Floor Space Index (FSI) or Floor Area Ratio (FAR) determines the height of the structure in relation to the land size. Mumbai’s FSI was subsequently changed to accommodate the city’s expanding population and real estate requirements. The FSI in various parts of Mumbai is determined by the ratio of available area to total built-up area. Here are the most recent FSI ratios for residential and commercial buildings in Mumbai:

The practise of transforming a property into a paying guest (PG) lodging is gaining traction, particularly in metro centres that see a significant inflow of student and working professionals each year. As this lucrative company has piqued the curiosity of many property owners, 99acres presents important considerations to make before converting your house into a PG.

Smart homes are becoming more popular by the day. The list goes on and on, from remote-controlled locks to Alexa-enabled houses. Nevertheless, in order to have a smooth and aesthetically pleasing smart home, customers must start thinking about it at the planning stage, as this will assist them in comprehending the cost of the backend and the infrastructure needed. Here we demonstrates how much it costs to create a smart home in Mumbai!