Mumbai
The Urban Development Ministry has proposed to increase the property taxes in Mumbai Municipal area. The ministry planned to increase the funds for the development of Urban infrastructure. Though the idea of investing more in urban infrastructure is appreciable, the outcome of increasing tax will make the houses unaffordable for the residents of metro cities. [...] Continue Reading »
The construction of The new proposed Navi Mumbai International Airport is expecting to start by September 2013. The delay is happened due to the delay in getting the clearance from different departments. The security clearance from the City and Industrial Development Corporation of Maharashtra (CIDCO), as well as a clearance from the Maharashtra Forest department [...] Continue Reading »
The government of Maharashtra released an order to probe into the allegation of unauthorized construction made by the extension of Mukesh Ambani’s Home. The allegation raised about the extension work for the beautification of the house, which includes a lawn, boundary wall, a staircase and a security cabin all in public setback plot. The officer [...] Continue Reading »
The Godrej Properties and RR builder have signed up a redevelopment agreement for the Mha-da Property in Byculla. As per the agreement Godrej properties will serve the task of conceptualization, design, sales, and marketing of the project. The project will construct more than three lakh sq ft of saleable area on 2.5 acres of land. [...] Continue Reading »
The drain works at Thane city in Mumbai was not kept upto the mark! Therefore, a considerable fund was asked to be released and the civic authorities sanctioned the same fund recently. Every monsoon, the gutters and drains are cleaned to prevent disasters from heavy rain! However, one of the drain running from Yeoor to [...] Continue Reading »
The higher costs of construction and financing are showing signs of residential property rates increase in Indian cities. Property developers across the country have decided to gear up the property prices hit by slow sales, expensive financing and high interest rate regime. The Mumbai real estate industry experts say that they have managed to enhance [...] Continue Reading »
After the caretaker scheme has been implemented, the adoption of the open spaces in Mumbai is getting tougher and costlier! The civic authority had earlier proposed to reduce the minimum bidding price but the groups which take care of open spaces feel it is the adoption policy which is stringent. Bandra Bandstand Residents’ Trust which [...] Continue Reading »
With the proposed rise in the stamp duty for leave and license agreement in Maharashtra, the cost of rented apartments in Mumbai will increase. The government has increased the rate of stamp duty from 0.1 % to 1% for the current financial year. According to the real estate analyst, this decision will impact the rental [...] Continue Reading »
Residents of Byculla, Mumbai have been staying in unhygienic condition from past twenty days. The reason being the nearby Masina hospital has flouted all rules and has thrown all biomedical wastes in the neighbourhood. BMC is quiet uninterested in this matter and residents have to bear the unbearable stench and unpleasant view in their locality. [...] Continue Reading »
In Mumbai, a verdict was passed in the city civil court regarding tenants fighting for landlady regarding the building’s renovation and repair. It is the house owner who stands responsible to spend for house renovation. Similar case was booked by the tenants of Shubadra Mansion at Walkeshwar. Wherein, the tenants blamed mishap on an illegal [...] Continue Reading »
