Mumbai
Santacruz Chembur Link Road (SCLR) project which is 3.5km long will be opened for motorists on April 18, 8 am. Mumbai Metropolitan Region Development Authority (MMRDA) will also open the 1096-metre-long Amar Mahal flyover which connects SCLR to Eastern Express Highway, along with the SCLR. UPS Madan, MMRDA’s metropolitan commissioner, the entire stretch can be [...] Continue Reading »
A new analysis of 12 global cities based on a range of indicators has ranked Mumbai with Moscow and Rio de Janeiro where residential real estate investment yields lowest returns and has named London and New York as the top international cities. ’12 Cities’, a report by Savills, a London-based realty major, categorize cities on [...] Continue Reading »
The Mumbai based Lodha group has acquired Clariant Chemicals’ 87-acre plot of land in Thane, Mumbai for Rs. 1,154 crore. The deal was announced by Indian arm of Switzerland-based Clariant International in a filing to BSE. The company had the approval of shareholder to sell the parcel of land. The sale is subject to regulatory [...] Continue Reading »
Over proper demarcation and transfer of about 200 reserved plots, the civic body’s standoff with City and Industrial Development Corporation (Cidco) and the issue is likely to be resolved soon with the appointment of surveyors. Lack of proper demarcation was the main hurdle faced by the civic body which is planning to develop the plots [...] Continue Reading »
In the next 2-3 years, Mulund area is set to receive a lot of residential projects. The projects include apartments ranging from 1 to 4-BHK units with prices varying between Rs 80 lakhs to over Rs 3 crores. In January 2014, the Supreme Court cleared the long disputed forest land and the developers have started [...] Continue Reading »
PE firm Milestone Capital has sold a 2.5 lakh sq ft commercial property in Pune for about Rs 145 crore to a high-net-worth individual (HNI). This deal marks a potential renewal of interest among such investors in assets that provides constant rental return in addition to capital appreciation. The office building in Kalyani Nagar was [...] Continue Reading »
The Bombay high court have granted stay of execution to an under-construction high-rise at Worli Seaface, the Sea Green housing society that had come under the scanner over alleged Adarsh-like violations for not obtaining CRZ approval and consuming extra FSI. In an interim order last week a division bench of Chief Justice Mohit Shah and [...] Continue Reading »
Recently Motilal Oswal, Real Estate Investment Advisors, said, it has invested Rs 100 crore in residential projects – one near Mumbai and two in Bangalore. The company said in a statement, in the distant suburb of Ambernath the company closed its maiden investment from the India Realty Excellence Fund II in a forthcoming residential project [...] Continue Reading »
Over the last two years, in Mumbai, values of land, which are used for development of residential projects, have appreciated by almost 35.2 percent mainly due to change in norms and increase in property prices, a recent survey said. Knight Frank conducted a survey of 13 top Asian cities on the parameters of values of [...] Continue Reading »
More than 90 flat buyers in an under construction building at Vasant Lawns complex claims that they have been cheated by the builders as they deposited 70 percent of the total cost. They blamed that the Sheth Developers are delaying the possession of the flats. The buyers have formed an association to fight against developers. [...] Continue Reading »
