Mumbai
After the protests by citizens on draft policy on the installation of mobile phone towers, Brihanmumbai Municipal Corporation (BMC) has decided to seek their suggestions for the same. The draft policy, announced recently, got many bad remarks from the citizens. Due to which, the civic body has planned to include recommendations before it finalises the [...] Continue Reading »
Most part of the previous year witnessed slump in real estate market. However, December 2012 saw a substantial recovery in home sales registrations. But according to the market experts, the rise in property registrations was only due to marketing gimmick and not a sign of revival. As per data from the Director General of Registrations, [...] Continue Reading »
Brihanmumbai Municipal Corporation (BMC) is planning to install dustbins along the drains in the city to prevent slum dwellers from dumping garbage into nullahs. These bins will be installed in 400 spots around the city after the civic body carries a nullah cleaning drive before monsoon to clean the Mumbai city garbage. Around 400 spots [...] Continue Reading »
Good news for the residents of South Mumbai! The Brihanmumbai Municipal Corporation (BMC) has recently planned to set up a new sewage treatment plant at its sewage pumping station near Hanging Gardens, Malabar Hill. With the set up of the new plant, residents of Malabar Hill and Girgaum in Mumbai city will have three million [...] Continue Reading »
A growth in sales and revenue has been witnessed by Indiabulls Real Estate Limited (IBREL) for the last quarter of 2012. By December 31, 2012, the company saw a total sales of Rs 1,201 crore, which went up by 267% compared to Rs 449 crore third quarter of 2012. Total revenue also shot up by [...] Continue Reading »
Brihanmumbai Municipal Corporation (BMC) has recently passed a new garbage collection scheme to keep the city’s slum clean. This new scheme has been introduced to keep a check and break the monopoly of present contractors who are appointed under the old scheme and to ensure better garbage collection services in slums. The new scheme called [...] Continue Reading »
A state government resolution which was issued five years back in Mumbai has come into limelight again. The same resolution now is going to affect over 3,000 housing societies in the city which stand on the land of the collector’s office allotted decades ago. Most of these societies were built in the 1960s and the [...] Continue Reading »
On January 21 and 22, Mumbai will witness a water shortage of 5%. The water cut is due to the replacement of current and potential transformers of substation at Panjrapur. Due to the replacement work, the pumping station will be shut down for two hours on these two days. Less water will be supplied from [...] Continue Reading »
From May, it will be easy to know whether you have won the lottery for affordable houses in Mumbai. Maharashtra Housing and Area Development Authority (Mhada) is planning to send SMS alerts and emails to those who have won after minutes of the lottery draw. Currently, the procedure is very tedious. This move will bring [...] Continue Reading »
The real estate private equity arm of Piramal Enterprises, Indiareit Fund Advisors is to invest about Rs 250 crore in two projects in Mumbai and Pune in next one month. One of the projects is a slum project in Mumbai and the other one is a residential project in Pune. The Piramal group is currently [...] Continue Reading »
