Mumbai
MUMBAI: The long awaited, 16.8 km Eastern Freeway’s first phase will be open for traffic by May end. Eastern Freeway will provide a signal free drive from Orange Gate on PD’Mello Road to the Ghatkopar-Mankhurd Link Road. This freeway will not only reduce the travel time from South Mumbai and Eastern Suburbs but will also [...] Continue Reading »
Mumbai’s civic body has decided to demolish the 35 illegal floors in the seven high rises of the Campa Cola Compound. The Supreme Court has refused to regularize them and the residents have given a time of five months to vacate the premise. Only six floors were permitted but the builders had illegally constructed excessively [...] Continue Reading »
Mumbai: On a move to step up real estate sales, Reserve Bank of India (RBI) has cut Repo Rate for the third time since January by 25 basis points. However, the lowering of the Repo rate by 0.25 percent may no sooner be beneficial to home loan seekers as it is too small to have [...] Continue Reading »
Mumbai: Redevelopment seems to be a logical solution to meet the housing need of Mumbai city. This solution can also become a boon to improve physical and civic infrastructure of the city. The new DCR rules allows FSI of 4 for all cluster redevelopment in the specific areas of MMR (Mumbai Metropolitan Region), which is [...] Continue Reading »
Mumbai: Delhi, Bangalore, Kolkata and Hyderabad have been experiencing a boost in property prices with the initiation of Metro. Following the same trend, it is predicted that the upcoming metro in Mumbai will have a positive impact on all the micro markets and the property prices are expected to increase along the route of metro. [...] Continue Reading »
Real estate developers are facing difficulty to sell office space in Mumbai because of the the poor sales and falling rentals in this segment, so a number of builders are converting their commercial projects into residential ones. Builders are also finding it easier to work on housing projects, given the self-financing ability of residential projects through [...] Continue Reading »
Thane: With the increase in price for the existing affordable locations, such as Virar, Dombivali, Vasai etc., the demand for budget housing in Thane is shifting to nearby localities such as Palghar and Shahapur. Palghar, located 90 km from Mumbai is a well-developed locality with all the social infrastructure developments like schools, hospitals, colleges, shopping [...] Continue Reading »
Mantri Realty is all set to invest Rs 1,500 crore on six housing projects within the next few months. The realtor is planning to develop around a total of 2,300 flats in Mumbai, Pune, Bangalore, Gwalior and Solapur in the next three years. The demand for a project will be good if provided with good [...] Continue Reading »
Brihanmumbai Municipal Corporation (BMC) has recently awarded a tender of Rs 33 crore to replace age old pipelines in South Mumbai. The administration has proposed to repair or replace pipelines measuring 16.06 km from Colaba to Worli. For A, B and E wards, a Rs 15.3 crore contract has been awarded for water mains to [...] Continue Reading »
Finally, the metro plan of Navi Mumbai sees the light of the day! City and Industrial Development Corporation (Cidco) is likely to start the bidding process soon for the project. The awarding of bids would include for rolling stock and systems for Navi Mumbai’s first metro rail corridor – Belapur–Kharghar–Taloja–Pendhar. A meeting was held recently [...] Continue Reading »
