Mumbai
With increasing debt and low sales months after months, the real estate companies have thought of going to the Institutional Placement Programme (IPP) to sell the shares to the investors. This IPP route will be taken by the builders as against the Offer For Sale (OFS) way to comply with the Sebi norms of public [...] Continue Reading »
A number of builders in Mumbai are trying hard to attract buyers with hi-fi amenities in their properties. Builders are pulling in on investors and buyers by developing projects with posh amenities like golf courses and other sports facilities. With the increasing state of the art features, the financial capital is finally getting some lung [...] Continue Reading »
A bad news is in store for tenants and owners of flats in Mumbai! Stamp duty is going to be dearer for flats in the city after the recent announcement of budget by state finance minister on 20th of March. The hike in stamp duty will be applied for both rentals as well as leave-and-licence [...] Continue Reading »
Powai, one of the greenest regions in Mumbai has been on everyone’s dream homes list lately. The reason is this locality is well connected to all other areas in the vicinity and all the civic amenities equally available. Situated near the Powai lake, it has become one of the sought after localities. Due to which, [...] Continue Reading »
The Chief Minister of Maharashtra has ensured in the legislative assembly that the new policy for Maharashtra Housing Area Development Authority (Mhada) redevelopment along with norms will be issued soon. Also, the state government has decided to not charge premium for Mhada redevelopment projects as against extra floor space index (FSI). The plan has been [...] Continue Reading »
Tata Housing Development Company Limited, a renowned real estate company in India, has planned to develop 100 million sq ft of space in various cities across India by 2017. According to the Managing Director and Chief Executive Officer of Tata Housing, currently around 55-60 million sq ft is under various stages of planning and execution. [...] Continue Reading »
The booking of properties in Mumbai has witnessed a rise of 26 percent in January this year. As per reports, sales registration of properties have gone up. However, if month by month analysis has to be done, then the growth was merely 10 percent higher than the previous month, December. In that particular month, a [...] Continue Reading »
Trump Organisation, a major US based real estate developer, is planning to expand in the Indian cities like Mumbai and NCR. The company is in talks with developers based at Mumbai and NCR for launching two luxury housing projects under their brand. The group has already entered Indian real estate market with a luxury residential [...] Continue Reading »
India’s economic capital has been listed as 16th most costliest property market in the world, although at a time when it is worst hit with drought in 40 years. The residential localities in South Mumbai have been adjudged as the 16th most expensive realty market in a recent global survey. The same localities were in [...] Continue Reading »
The new property tax system proposed by Brihanmumbai Municipal Corporation (BMC) has been challenged by a PIL in the Bombay High Court recently. The new property tax bill will be applicable from April 1, 2013 but has been caught amidsr many controversies. An activist named Rajendra Thacker has filed the PIL which states that the [...] Continue Reading »
