Mumbai
Sewri located on the eastern shore of Parel Island has recently turned many heads towards it for its affordability. A lot of construction work has been taken up in the locality in the recent years. This is due to the opening up of mill lands and the Mumbai Port Trust area. The locality has shown [...] Continue Reading »
Many Indian real estate developers had to witness low sale rate and high debt in 2012 due to prolonged approval procedure. Due to high pressure from banks and financial institutions, the developers have come to the term that they need to pay their debts in time. The repayment of these standing debts has made many [...] Continue Reading »
A new policy is in the making by Brihanmumbai Municipal Corporation (BMC) regarding new cellphone towers in Mumbai. According to the draft policy, the new cellphone towers to be built on the terraces have to be out of bound for residents of apartments in Mumbai. The policy has been formulated following the guidelines and instructions [...] Continue Reading »
Titwala which is a small town located near Kalyan, Thane is fast growing as an affordable real estate destination. The locality offers 1 BHK apartments at a minimal cost of Rs 17 lakh. The area has witnessed 100% price appreciation in the last three years and the apartments in Titwala today cost double at what [...] Continue Reading »
Maharashtra Housing and Area Development Authority (MHADA) has sent a notice to thirty-three real estate builders for not giving 3,300 houses to the housing board as per the rules. Now they have two months to deliver those houses. MHADA officials said that the builders failed in handling over 10 lakh square which translates to around [...] Continue Reading »
Mumbai has witnessed a new joint partnership – Godrej with Ratnaraj Blesing Milestone to redevelop the Kamgar Swa Sadan Cooperative Housing Society Ltd. in central Mumbai which is situated at Mahadeo Palav Marg, Currey Road. Godrej Projects Development Pvt Ltd will be playing the role of a development manager and will also take care of [...] Continue Reading »
Is it possible for the residents of Mumbai to take their dream ride in a Metro by June 2013? The construction of the Metro bridge over Western Railway tracks near Andheri has been completed. Huge cranes have been installed in the last panels, carved in irons which resembles the Howrah bridge structure, atop the pillars [...] Continue Reading »
Home registrations have dropped by 23 percent in Jan-Nov 2011 as compared to 2010. But in the first 11 months in 2012 the home registrations remained more or less in the same level as in the corresponding period in 2011. According to the director-general of registrations, this year the city saw 52,009 property registrations up [...] Continue Reading »
Monorail project in Mumbai has again missed its deadline. The mono line between Chembur and Wadala is now going to be functional by August instead of January 2013 as announced by Maharashtra Chief Minister Prithviraj Chavan. The project implementation started in 2008 and this is the third time the project is getting delayed. Mumbai Metropolitan [...] Continue Reading »
The year 2013 will be stable for the residential apartments in Mumbai real estate market. As per the reports, buying plans and demand of residential projects might rise in the coming year. The high prices of land, increased demand and significant increase in construction costs will not witness major correction in 2013. Apart from the [...] Continue Reading »
