Mumbai
The power requirements in the Sion/Mahim and Colaba/Cuffe Parade area will be ensured by BEST. To maintain adequate supply of power in those areas, BEST has planned to purchase 300 MW power from Indiabulls Power Ltd for next 25 years. With the number of high rising apartments in Mumbai are increasing, the demand for electricity [...] Continue Reading »
Now, it’s time for the suburb areas to shine high provided with best of best variety in concern with properties in India. To prove the same, Badlapur is one such suburb area under Mumbai Metropolitan Region (MMR) is growing in a rapid pace. The Badlapur is about 15 kms away from Kalyan in Mumbai city [...] Continue Reading »
Mumbai’s residential home sales recovered from a three-year low in the quarter ended in March. This increment in sales happened as several new projects in Mumbai were launched during the period. Now a days, Mumbai is India’s most expensive property market. Still the number of unsold apartments are much higher in Mumbai real estate market. [...] Continue Reading »
Maharashtra Chamber of Housing Industry (MCHI) said that the state government is not helping the builders for constructing affordable housing. The government has not amended the constructing rule for the construction of affordable houses in Mumbai. The approval process is still taking long time which leads to increasing cost of construction. The government officials are [...] Continue Reading »
The state government of Maharashtra has ordered to audit the 1.27 lakhs constructions developed under the Slum rehabilitation scheme by the private developers. The entire constructions were made during last 15 years. The government took the decision as constant complaints are rising from the slums residents. In the recent CAG report the poor quality of [...] Continue Reading »
The citizens of Mumbai should probably stop dreaming of staying in an apartment provided with best of best facilities. An average 2BHK apartment in Mumbai city with basic interiors and amenities demands monthly rent of more than Rs 50,000. The real estate scenario is getting worse with the days progressing in Mumbai! The Mumbaikars hearing [...] Continue Reading »
Maharashtra Government asked the Bombay Dyeing Mill to stop the construction of a commercial complex in Prabhadevi area of Mumbai. In the order the authority also asked them to close the eight looms which are functioning at that place. The government asked them to stop the construction work as the group was constructing a commercial [...] Continue Reading »
The Singapore government’s sovereign fund GIC will invest into Bandra-Kurla Complex project by Godrej Properties. More than $100 million will be invested into the project. Godrej Properties will construct the project over 2.5 acre BCK land with a joint development agreement with Jet Airways. Godrej Property also planning to sell a stack in the project [...] Continue Reading »
The builders association has planned to go for a one day strike to protest against the governmental decision on real estate sector. Adding to the protest activity, the builders association also decided not to publish any full page advertisement in newspaper across the country. The builders association also asked the raw material distributors to hold [...] Continue Reading »
Citi group purchased a commercial property at Bandra Kurla Complex for Rs 985 crore to house its India headquarters. Over 297,000 sq ft at First International Finance Centre (FIFC) was acquired by the US banking giant. All key businesses of Citi which are currently spread across Mumbai and other cities will be accumulated in the [...] Continue Reading »
