Mumbai
The average price of the new apartments of South India has risen up to Rs. 7.5 Crore which might lead to the inventory bundle-up that might take about eight years to get sold. South Mumbai, one of the most costly regions of India, South Mumbai just sold about 1,250 new residential apartments in the last [...] Continue Reading »
The Brihanmumbai Municipal Corporation (BMC) representatives have strongly expressed their dislike to take the contribution of special planning body in materializing the proposed and ongoing metro and mono rail projects. The MMRDA proposed plan was rejected strongly in the Chief Minister chaired authority meeting. The Mumbai Metropolitan Region Development Authority conducted a meeting along with [...] Continue Reading »
South Mumbai is facing few buyers for plush apartments and expected time to sell the piled up property is more than 8 years. Just 1,250 residential units are sold in this area, which is once known as most expensive area in India. The case is similar in other areas of Mumbai like Bandra – Kurla complex, [...] Continue Reading »
Mumbai gets an addition to its metro corridors as the Mumbai Metropolitan Region Development Authority (MMRDA), which is run by the state, clears two major metro rail projects. Both the projects are expected to take off by 2020-21, run by Mumbai Metro Rail Corporation, which is a state government initiative. The two projects are the [...] Continue Reading »
The Government of Maharashtra recently announced its plans of abandoning the model of private and public partnership that it had entered for the development of Mumbai Metro project in its second phase and has recently decided on modelling and building the project itself. This decision comes after Reliance Infrastructure exited the project partnership. In early [...] Continue Reading »
Around 200 members of the big housing societies and townships will have to cast vote through an option of secret ballot for electing new management for the committees. The new rules and regulations passed by the State Cooperative Election Authority (SCEA), says that there are approximately 40 percent housing societies in Mumbai region who have [...] Continue Reading »
In spite of high prices of property, once again, India’s industrial revenue generation capital Mumbai has emerged as the most prominent and interesting property investment hotspot in India. According to 35 percent United Arab Emirates (U.A.E.) based Indians; Mumbai is the best city for doing investment in property. All this came up in a recently [...] Continue Reading »
The makeover of Mumbai’s majorly derelict docklands is under planning stage. If in case the panel appointed by the government approves, a waterfront can uplift the mood of the city and its rich. Narinder Nayar, an entrepreneur who’s based from this panel, who will be unleashing his recommendations this week exclaimed that, this would be [...] Continue Reading »
The government is planning a redevelopment of Mumbai’s most derelict docklands. It is predicted that if the government panel can have its way, it enable them to create a waterfront which the city people can visit to lift their spirits and the rich can go to play. Mumbai is the second most densely populated city [...] Continue Reading »
Fine has been imposed on a housing society in Mumbai for charging monthly maintenance fee of Rs 500 for taking their dog along in the lift. The fine has been imposed by state consumer commission which dismissed the appeal filed by the housing society. The society has been asked to pay Rs 5,000 as damage [...] Continue Reading »
