Mumbai
A person familiar with the plan told that there is a possibility that banks will be ordered to scrap penalty on pre-payment of all retail and small corporate loans and do away with fines for failure to maintain minimum balance if the recent ‘nudge’ does not work by the Reserve Bank. Since the entire system [...] Continue Reading »
This may possibly be a brilliant chance to live amidst all the luxuries in the heart of Mumbai city. The residential towers at Crescent Bay offer 2, 3 and 4 bedroom air-conditioned apartments that speak volumes about the sophisticated living experience. The modernist apartments are elegantly designed, with open architecture creating visual pathways of sighting [...] Continue Reading »
The BMC has requested chief electoral officer to appoint a contractor to demolish 35 floors across seven buildings in Worli’s Campa Cola society. The residents have been told by the Supreme Court last November to vacate the flats by May 31 to allow the BMC to demolish the illegal flats. Additional municipal commissioner Mohan Adtani [...] Continue Reading »
Investment in the real estate sector has decreased due to the political uncertainties, elections and due to changes in the regulatory framework. As Mumbai continues to suffer the most, the 2014 situation of National Capital Region (NCR) of Delhi and Bengaluru is still better, comparatively. In 2013, investments in land witnessed 61 per cent decrease [...] Continue Reading »
According to Knight Frank’s Prime Asia Development Land Index, the economic capital witnessed maximum appreciation in prime residential development land. The index takes into account the cost of prime residential development land in 13 major cities across Asia that consists of NCR, Bangalore and Mumbai in India and determined that the Southeast Asian cities witnessing [...] Continue Reading »
Twenty agencies met the high rank officers CIDCO regarding the regarding the global bidding for the Navi Mumbai International Airport (NMIA) project. The project is estimated to be worth Rs 15,000 crore. Mr. Sanjay Bhatia, Cidco vice-chairman and managing director, told the head of the agencies that there will be no air traffic constraints on [...] Continue Reading »
As per a source, Tata Housing has signed an agreement with KEC International to purchase 7.3-acre land parcel in Thane. Further, the Tata Housing which is a real estate wing of Tata Group will develop premium homes on the land and expects Rs1,300 crore revenue from this project. KEC International is world famous infrastructure engineering, [...] Continue Reading »
The civic body has started work to modify more than 1,000 roads. It will improve medians and footpaths while simultaneously taking up carriageway works. Nearly 3000 crore has been sanctioned for the road improvement project which is part of BMC’s master plan submitted to the Bombay high court last year. The BMC is searching new [...] Continue Reading »
As per the source the 25 acre Tata Steel land parcel that Mumbai-based Oberoi Realty bagged is anticipated to have sales potential of Rs 6,500-Rs 7,000 crore. Tata Steel announced Oberoi Realty as the highest bidder for the Borivali land located to the north of Mumbai on the basis of its final bid of Rs [...] Continue Reading »
On Monday Dushyant Dave Senior Supreme Court advocate caused a stir in the Supreme Court when he referred to what he described as the phenomena of bench hunting in the top court. Dave to voice his concerns used the occasion of mentioning time — usually reserved for urgent out-of-turn cases. He was appearing before a [...] Continue Reading »
