Mumbai
Radhe Krishna housing society in Sanpada has banned pet dogs in the apartment. There are residents in the apartment who had taken a flat on rent, but were unaware that pet dogs are not allowed there. Those residents who have pet dogs were given notice by the society to vacate the flat within a month. [...] Continue Reading »
The Mumbai-based real estate developer DB Realty Ltd has posted lower revenues in the quarter ended 31 March. It is found that the total revenue earned by the builder is reduced to Rs. 97.71 crore from Rs 391.8 crore, while the net profit has increased by 152 percent to Rs 20.26crore. The company has also [...] Continue Reading »
New residential project Ivana was launched at Thergaon by the Lakshmi Properties. The new venture, Ivana will be developed with intelligence and comfort. Lakshmi Properties has taken efforts to ensure that the venture stays true to its meaning. The project received a great response at the launch. Ivana will accommodate many distinctive features like a [...] Continue Reading »
The western suburb of Mira Road is developing quickly and is one of the most sought-after residential destinations for its good connectivity and affordability. The cost of homes in apartments in Mira Road with G+ 5 storeys and without too many amenities is between Rs 4,000 and 4,500 per sq ft. The cost of homes [...] Continue Reading »
Documented property registration in Mumbai, Thane and Pune divisions fell in the last financial year. As per a rough estimate by a real estate analysis firm, at least 40,000 flats have remained unsold in Mumbai and Navi Mumbai areas. The actual number could be higher than that. Though, the amount of stamp duty collected by [...] Continue Reading »
The Confederation of Real Estate Developers’ Association of India (CREDAI) has appreciated the Ahmedabad pattern of town planning for well-planned urban development. The builders association also proposed the Maharashtra government to implement the same pattern adopted by the Ahmedabad town planning authority. A proposal on the issue has already been sent to the President of [...] Continue Reading »
Bombay Realty, a part of Bombay Dyeing and Manufacturing Co. Ltd, has planned to contribute more than half of its revenue towards the development of properties in Mumbai and retiring the group’s high-cost debt. The group has nearly 10,000 acres of land, including 700 acres in Mumbai alone. The lands which are there in Mumbai [...] Continue Reading »
It is found that there are no takers for nearly 1.1 million sq ft, or 11 lakh sq ft of ready office space in Mumbai’s commercial property market. The high vacancy in turn, has put pressure on commercial rental rates. In uncertain economic conditions companies are staying away from leasing space, which leads to the [...] Continue Reading »
Minister of State for Transport in Maharashtra was arrested for alleged involvement in a housing scam related to construction of 11,000 low-cost houses in Jalgaon, north Maharashtra. Construction tender was floated by the Jalgaon Municipal Council in 1997 for the housing scheme. It promised to provide nine plots for the project. It was found later [...] Continue Reading »
Land acquisition is happening for the construction of Churchgate-Virar elevated rail corridor. This acquisition is going to impact several middle classes, upper middle class households with apartments in the area. According to the list of the plots of land that will have to acquire will impact close to 100 residential properties in Mumbai. As of [...] Continue Reading »
