Mumbai
From now onwards, the tenants staying in building owned by Brihanmumbai Municipal Corporation (BMC) have to pay for the repair works carried out in their properties. Around 53000 tenants who live in 9897 BMC owned buildings have to shell out money for the same. Earlier, the municipal corporation used to fund for all the major [...] Continue Reading »
Legend Siroya Realtors, formerly known as Siroya Developers having 60 projects to their credit in cities like Mumbai, Pune, Bangalore and Hyderabad, has come up with a brand new project in Mumbai called Marbella. The 38-villa project has been recently launched in Lonavala, Mumbai. The luxury township project will be constructed as per Spanish architecture [...] Continue Reading »
ICICI Venture, one of the largest private equity firms in the country, raised funds of $700 million in 2012. The PE firm successfully closed a $100-million (Rs 500 crore) second real estate fund, the India Advantage Fund Real Estate Series 2. And it managed to raise $700 million through its real estate and other funds. [...] Continue Reading »
With the announcement of new industrial policy in Maharashtra, property prices are expected to witness a downtrend in metropolitan region, especially Navi Mumbai. As per new industrial policy, corporate groups are going to use 40% of their land to build commercial shops and housing projects in Mumbai. Furthermore, houses and shops can be built on [...] Continue Reading »
The 8000 hutments in Ganpat Patil Nagar on Link Road, Dahisar are posing as environment threat for the city. These illegal properties are not only sore to eye but are also encroachments which have gone too far on vast tracts of mangroves. The illegal slums in the coastal stretch of Dahisar are increasing at an [...] Continue Reading »
Kanakia Group has changed its focus from commercial projects to redevelopment of residential projects in Mumbai. Its promoters recently sold a stake in Cinemax India Ltd, a multiplex chain to PVR Ltd because the group is planning to focus on residential developments. Kanakia Spaces Pvt. Ltd, a Mumbai based developer is in talks for the [...] Continue Reading »
Maharashtra Government has approved the use of no development zones (NDZs) for industrial, commercial and residential activity in the state. This approval was given in the exit policy for special economic zones (SEZs). In the NDZ areas, a basic floor space index (FSI) of 0.5 will be allotted. The new industrial policy which was recently [...] Continue Reading »
Infrastructure giants like L&T IDPL, Gammon Infra, IL&FS Transportation, GMR Infra and CAF South Africa are already going head over heels to bag Mumbai’s upcoming elevated rail corridor project. The railway corridor from Churchgate to Virar is planned at a budget of Rs. 20,000 crores, and will be Indian railways’ first and India’s largest public-private [...] Continue Reading »
Cuffe parade, an affluent locality in South Mumbai is now in high demand. The well planned area offers lifestyle and amenities both. The main plus points of this area are strategic location, increased rental activity, upcoming new projects by Mittal Grandeur, Lodha Group and so on. Apartments for rent in Cuffe Parade has gone up [...] Continue Reading »
The new industrial policy that has been sketched out by the Maharashtra Government has been highly criticized by the Opposition. They allege that the policy favours realty developers at the cost of farmers and villagers. However, Maharashtra Chief Minister, Prithviraj Chavan has defended the policy and termed it as “path breaking” which introduced Integrated Industrial [...] Continue Reading »
