Mumbai
With a contribution of approximately 5 percent to India’s total GDP, Mumbai – the ‘Maximum City’ – is a dynamic metropolitan which is expected to witness further growth in the coming 7-year period. Mumbai’s growth over the next few years will largely be driven by the fact that the city’s prominent growth sectors – including [...] Continue Reading »
Ceejay House in Mumbai, which once demanded the highest rents, is far more affordable today. Rents per month have plunged to between R300 and R350 per sq ft and while to the rest of the market these may be at a premium, they’re way lower than the average seen six years ago of R400 to [...] Continue Reading »
A 63 per cent fall is reported in consolidated net profit of Mumbai-based Mahindra Lifespaces for the fourth quarter ended March 31 at Rs 30.3 crore against Rs 81.74 crore in the year ago period. From Rs 141 crore in the previous fiscal, in 2013-14 fiscal, the company’s consolidated net profit slid by 29 per [...] Continue Reading »
Commercial offices are moving up north and Nariman Point is seeing lesser takers. In fact, old Mumbai’s central business district (CBD) is losing its glory. A report by JLL, titled Mumbai Offices 2020, explains that the transition is due to lack of quality office stock and the complicated ownership structure that was evident throughout South [...] Continue Reading »
Maharashtra Chief Minister Prithviraj Chauhan has said he would look into concerns of the buyers and promised a “pro-buyer” regulator when it comes into existence. The state has implemented Maharashtra Housing Regulation and Development Act 2012, which will set up a first-of-its-kind state regulator for the real estate sector. The act is based on the [...] Continue Reading »
Santacruz-Chembur Link Road (SCLR) is India’s first double decker flyover. The work for the project was undertaken under the Mumbai Urban Transport Project of MMRDA. Starting from Vakola Junction on the Western Express Highway and extending up to Amar Mahal Junction near the Eastern Express Highway, it provides the much-needed east-west connectivity in Mumbai. Short [...] Continue Reading »
Santacruz-Chembur Link Road (SCLR), India’s first double-decker flyover, undertaken under the Mumbai Urban Transport Project (MUTP) of MMRDA, will give much-needed east-west connectivity in Mumbai. The 6.45 km six-lane road was thrown open to commuters last week, opening from Vakola Junction on Western Express Highway (WEH) and extending up to Amar Mahal Junction near the [...] Continue Reading »
SP Tulsian of sptulsian.com says that If one takes the previous 12 month scenario, in Delhi NCR, the situation has not been really very good. The off take has been very poor; there have been no new launches. On the other hand in Mumbai the price reduction or fall in the prices at least in [...] Continue Reading »
On April 21, The Supreme Court will hear the petition filed by Ideal Road Builders (IRB) to withdraw the temporary stay granted by Bombay high court (HC) to the city’s toll collection. Justice A S Oka and Justice M H Sonak headed an HC division bench had during a joint hearing of public interest litigations [...] Continue Reading »
The much-awaited Santa Cruz Chembur Link Road (SCLR), which was delayed by 11 years, by breaking 11 coconuts and burning incense sticks, was finally inaugurated by the MMRDA officials recently. Due to election code of conduct politicians were missing from the inauguration, MMRDA quickly completed the ceremony and opened up the link road. Direct connectivity [...] Continue Reading »
