Mumbai
The number of unsold flats in Mumbai are increasing day by day. With the increase in the cost of apartments, the rate of sale in reducing. Still the builders are not showing any interest in reducing the cost of the properties. They are hoping for a better price appreciation in future time. It is estimated [...] Continue Reading »
The city administration of Mumbai has demolished the swimming pool, gymnasium, massive lobby and society office of Kismat Towers in Bandra West. The most expensive rental addresses in Mumbai has violated the construction rules by constructing unauthorized amenities space in the duplex apartments. The 19 storey Kismat Tower has eight duplexes. According to sources the [...] Continue Reading »
The cost of apartments in Mumbai has been increased rapidly. As of date the average price of an apartment in central Mumbai is approximately Rs 2.6 crore. The rise is recorded as 20 % compared to the price of apartments in the same time last year. The average cost of apartments in the municipal limit [...] Continue Reading »
The rates of properties in Mumbai is increasing along with increase in home loan rates. The real estate sector in Mumbai city is alarming with the increase in number of unsold apartments in Mumbai. According to the recent report by real estate research firm, Liases Foras Mumbai has more than 35,000 units of flats and [...] Continue Reading »
The Mill workers in Mumbai city will finally be getting flats! This was promised by Mumbai government long time and it was on hold. However, the government has decided to provide flats to mill workers at reduced and affordable rates. These flats which have been priced Rs. 84,000 and less is built by Maharashtra Housing [...] Continue Reading »
Designers are involving into the real estate projects for decorating the projects. This move will help the builders to construct quality luxurious living spaces. Rock star Mick Jagger’s daughter Jade Jagger is adding her design to 70 apartments in Equinox Realty‘s 400-unit residential project in Hebbal in Bangalore. These apartments will cost in a range [...] Continue Reading »
The members of Maharashtra Chamber of Housing Industry (MCHI) and Confederation of Real Estate Developers’ Association of India (Credai), have decided to go on a token strike and on May 3. This decision is taken to protest the lack of continuity in policies and inordinate delays in getting clearances for various projects. According to the [...] Continue Reading »
The HC directed the Hiranandanis to construct 3,100 affordable houses. According to the order, the developer have to take permission to embark on further construction after he finalized the constructions of the affordable houses. Niranjan Hiranandani will submit plans for construction of affordable houses in his Powai township project within two weeks. The HC stopped [...] Continue Reading »
According to the Census Directorate of Maharashtra, more than 4 lakh unsold apartments in Mumbai are available. The data has revealed the actual scenario of the real estate in Maharashtra. As per the records more than 3.7 million houses are lying vacant in the state. The number of the empty flats have been increased to [...] Continue Reading »
Only few thousand affordable flats are released by the Maharashtra Housing and Area Development Authority (MHADA). There are millions of people looking for their own houses in Mumbai. The annual lottery scheme by the housing board is delayed in this year, along with the number of houses available in Mumbai is almost a fifth of [...] Continue Reading »
