Mumbai
As per reports, investing in second homes is a growing trend in metro cities especially in Delhi. This shows a rising trend in the residential real estate in Mumbai. The reason for investment in a second home for Mumbaikars can be any. For some, it is just a weekend getaway from the hustles and bustles [...] Continue Reading »
The stamp duty officials in Mumbai have admitted to the errors about ready reckoner (RR) rates that were announced recently. It was noticed after a national daily published about RR rates being hiked by 1000 % in some parts of Western suburbs in Mumbai. Now, after the correction, the prices have been appropriately hiked from [...] Continue Reading »
One of the renowned developers in India, Lodha Group based in Mumbai recently started with a new scheme projects. An ‘initial public offer’ has been used by the developer to sell apartments at their latest premium project located in Lower Parel in Central Mumbai. The project, which is spread across 17.5 acres called Blue Moon, [...] Continue Reading »
Soon, Aadhar cards will be linked with the ration cards as suggested by the Bombay High Court to the state government to keep a check on fake and duplicate ration cards. Since there had been many cases of bogus ration cards in last two years, an approach has been advised by two Judges of Bombay [...] Continue Reading »
One of the leading banks in India, HDFC Bank is planning to buy an office space of approximate 1.3 lakh sqft at Lower Parel. The building is situated in Peninsula Business Park at Lower Parel in Central Mumbai and is spread over four floors. As per reports, the bank is paying around Rs 17,000 per [...] Continue Reading »
Gangapur Road, which was once known to attract many small and large scale real estate developers is now lying dull due to high property rates. It is one of the developing areas in Nashik and has been witnessing low sales in properties for quiet some time. In the past one year, the locality has seen [...] Continue Reading »
With the increasing property prices in the Mumbai, we have no one else to blame but developer- politician connections. These links have burdened the home buyers with a sudden hike in property prices. As per experts, many developers are politicians and vice versa. All the housing policies that are made today favour the builders, due [...] Continue Reading »
Bombay High Court has recently directed the Brihanmumbai Municipal Corporation (BMC) to raze the illegal structures which have been rebuilt again. This came into light after a housing society in Santa Cruz filed a petition against an unauthorized construction in front of a division bench. Hearing the case, the two Judges involved reminded the civic [...] Continue Reading »
Maharashtra Government has recently decided to raise ready reckoner (RR) rates in Mumbai by 30%. This is an excess hike compared to last year’s average increase of 12%. The increase in ready reckoner rates is going to affect properties in areas like Prabhadevi, Cuffe Parade and Worli. This increase has been levied from January 1, [...] Continue Reading »
State Bank of India (SBI) has planned to speed up the home loan approval process by making it online. Now, the national bank will approve the loan amount online by linking it with Credit Information Bureau of India (Cibil). For doing so, the bank is thinking of finalising the service providers who will enable the [...] Continue Reading »
