Mumbai
Mumbai- Due to a reducing number of property bookings, the inventory of unsold properties in Mumbai is piling up which is further forcing the developers of the city to decrease property prices. According to real estate consulting firm Knight Frank, the number of unsold inventory of the real estate projects in Mumbai has increased by [...] Continue Reading »
The Brihanmumbai Municipal Corporation (BMC) seemed to have juggled up the guidelines to calculate the new property tax system. The property tax under the capital value-based system has missed out on some key factors to compute the same. The civic body has not taken into account several factors like leased and freehold land as well [...] Continue Reading »
Developers from small cities are eying on the real estate sector of Mumbai. Mumbai real estate has been rising in recent times, though it is known as one of the toughest property markets owing to difficult building regulations, shortage of land and high prices. Builders from Kolkata, Pune and Bangalore are entering into Mumbai real [...] Continue Reading »
ABG Group, a large business group which is based at Mumbai and having its business operations in different parts of the country is planning to sell its plot in Mumbai. ABG group led by Rishi Agarwal is in talks with several real estate developers to sell the two-acre land parcel at Worli in Mumbai. The [...] Continue Reading »
Property buyers will have many reasons now to cheer. The Real Estate (Regulation and Development) Bill is in its planning stage and Parliament is likely to discuss the same in its coming budget session. As per real estate experts, a strong law will be put forward to stop unethical and unscrupulous practices in the real [...] Continue Reading »
Larsen & Toubro has recently launched a project L&T Emerald Isle at Powai. The project got good response and nearly 300 apartments were sold. The project was open to the public on January 31 at 15,500-19,000 per sq ft. The booking was closed in three days and the project may re-open soon but likely with [...] Continue Reading »
Mumbai- This year Mumbai will see the opening of its first stretches of metro and monorail followed by the trans-harbor link and the water transport network. However these projects have taken quite some time for a city like Mumbai with various problems. There are many number of projects lined up in the city for this year with [...] Continue Reading »
Mumbai- The small town named Shahpur, located 45 km away from Thane, has become the hot spot for property investors. The key reasons attracting large number of investors are the maximized returns on investments from the plotted developments in the locality. The plots in the area with a size of 1,200 to 3,600 sq ft at [...] Continue Reading »
Brihanmumbai Municipal Corporations (BMC) has finally listened to the citizens’ woes. The civic body has taken steps to make the new property tax system transparent to the public. To start with, Stamp duty Ready Reckoner (SDRR) rates are now displayed on the official website of the civic body. The RR rates form the base value [...] Continue Reading »
With the new property tax system in place, Brihanmumbai Municipal Corporation (BMC) is yet to frame guidelines to decide on weightages needed for calculation of the tax. For buildings with multiple-age and construction types, deciding on the weightages is one of the crucial parameters for calculation of the tax. A weightage is defined as the capital value [...] Continue Reading »
