Mumbai
NGO Yuva conducted a study titled ‘Ground Truthing’ in the P North ward Malad for the urban poor in order to make them understand about the land use implementation and reservation in the city. The ward consists of 9.58 lakh people. 60 percent of the population in the city lives in slum and around 10 [...] Continue Reading »
It was in Thane Municipal Corporation’s (TMC) court to decide whether to go in for a monorail, a Light Rail Transit (LRT) or a metro service. It was found that Light Rail Transit was financially feasible. But the TMC gave approval for tram service with out discussing or taking views from other parties for which [...] Continue Reading »
Reserve Bank of India holding on policy rates can put more stress on real estate market, says real estate developers. RBI should have cut down the rates as the growth rate is coming down and industry and government is also calling for a rate cut. Lalit Kumar Jain, national president of Confederation of Real Estate [...] Continue Reading »
The Economic Offences Wing (EOW) of the Mumbai has filed a case against four realty firms for duping flat owners. Two real estate companies developed a plot of land in Ambewadi, Parel for constructing a 14 storey building. Once the building is constructed, it was demolished later due to some reason. The realty firms then sold the [...] Continue Reading »
Over 400 files were missing related to construction projects in the city. Most of these files relate to controversial projects which came to light after some activists and people investigating illegalities sought them under the Right To Information Act. Some months after filing their applications, they received replies saying the files could not be found. [...] Continue Reading »
The government of Maharastra has made a proposal to revamp 202 chawls of the erstwhile Bombay Development Directorate, spread across 91 acres in South Mumbai . The chawls will be constructed on 15 million sq ft of floor space index or about 20 mn sq ft of saleable area. The project will be developed by [...] Continue Reading »
The year 2012 was a tough year for both real estate developers and home buyers because of the high property prices. The middle class and even the upper middle class found it impossible to invest in properties in India due to soaring property prices. There was a fall in property prices in 10 to 19 [...] Continue Reading »
In a global survey of 40 tourist cities, India’s commercial capital, Mumbai has been ranked last in the “cleanest streets”category. Mumbai has been named as the world’s ‘dirtiest’ cities. It is not at all surprising that one of the Indian cities has been ranked as the dirtiest city in the survey. The survey was done [...] Continue Reading »
The real estate market in India is expected to pick up in the second half of 2013 as the country’s economic front witnessed some improvement. The developers are planning to give some pre-launch benefits to attract home buyers and at the same time, they are also planning to cut short on amenities and facilities of [...] Continue Reading »
Indian real estate is going through a slowdown amid stagnating sales and facing funding issues with foreign investors. Private equity firms focussing on real estate are facing difficulty to raise funds through foreign high net-worth individuals (HNIs) and institutions. According to experts, both international and national PE firms are not able to close funds if [...] Continue Reading »
