Mumbai
At Giriraj Apartments on Altamount Road in Mumbai, there is a redevelopment clash witnessed. It has been learnt that one group of residents are oppose the proposed self-development whereas the other group is approaching the ‘Stop Scam Redevelopment’ forum. The condition at Giriraj Apartments in Mumbai has turned very critical! The society’s managing committee since [...] Continue Reading »
The rental rates of homes in Mumbai is skyrocketing. The citizens in Mumbai are oscillating between the options of either renting house or purchasing one! When asked about the same to one of Vishal Pariekh a sales executive living in Mumbai, he alone had too many concerns to think about. Pariekh who at present stays [...] Continue Reading »
The private equity firm of Anand Rathi Financial Services and Knight Frank India are planning to raise Rs 500 crore for the real estate industry in India. The two organizations planned to raise the funds from the internal domestic market. They are not going to the foreign investors for the fund raising program. The organization [...] Continue Reading »
The BEST, Power utility company in Mumbai announced its purchase of 300MW additional electricity from Indiabulls Power Ltd. With this deal BEST ensures regular power supply throughout Mumbai. The BEST experts from Mumbai say that the power they are purchasing will be good enough for next 25 years. With the launch of many malls and commercial [...] Continue Reading »
In Mumbai, according to the recent real estate report it was revealed that around 35000 housing sectors is kept unsold! The real estate developers and builders are more worried about the unsold apartments in Mumbai city. The total value of unsold properties in Mumbai is around Rs 8,535 crore and it has been predicted that [...] Continue Reading »
The Maharashtra Chamber of Housing Industry (MCHI) has blamed state government for not keeping track of affordable housing stock in Mumbai. Also, MCHI in collaboration with Confederation of Real Estate Developers Association of India (Credai) had signed a deal to construct 5 lakh homes by April, 2010. Mumbai being the costliest city in India offers [...] Continue Reading »
The real estate developers are worried with the properties in Mumbai not be sold kept pending since long time. Even in such a kind of scenario, the property prices are increasing. According to the recent research by Liases Foras, an average apartment in Mumbai costs Rs 2.60 crore. When compared to year 2011, the property [...] Continue Reading »
Air India planned to lease out two main office in Mumbai and Delhi to increase the inflow of revenue. The total office space available in two of the location are around 1.5 lakh sq ft. The analysts expects that the national carrier can earn up to Rs 500 crore through the proposed leasing of the [...] Continue Reading »
May it be commercial or residential, the buildings with the height of nine floors in Mumbai city will be categorized under high-rise. This modification proposal has been sought out by municipal commissioner Subodh Kumar. The buildings which come under high rise category will have to follow up certain building norms and fire safety regulations. Also, [...] Continue Reading »
Recently a four BHK flat was sold at a price of Rs 29 crore at an exclusive complex of 175 apartments and 10 bungalows at Cuffe Parade. People are opting for ultra-premium apartments in Mumbai because of the exclusive services that comes with the deals. While the affordable and mid-range segments of residential space are [...] Continue Reading »
