Mumbai
Brihanmumbai Municipal Corporation (BMC) has decided to simulate online tracking system that is used for the first time for all civic issues. The system helped BMC to ensure the officials and contractors of the road department to meet deadlines and it is expecting to extend this system to other departments as well. The system will [...] Continue Reading »
A study by Observer Research Foundation (ORF) shows that Mumbai loses a shocking 650 million litres of water every single day due to leaking pipes — this is the total of Pune’s total daily water supply. The Brihanmumbai Municipal Corporation (BMC) does not seem to have a plan to curb this issue. The study says, [...] Continue Reading »
Indian Banks’ Association committee has recommended to the Finance Ministry that home loans up to Rs 35 lakh should get the priority sector tag. This will help banks to provide loans to house buyers at affordable interest rates. Also it will benefit a large group of customers in Tier II and Tier III towns. Moreover [...] Continue Reading »
A study conducted by a real estate portal reported that property prices in Mumbai and its metropolitan region have increased by 35% in the last two years. Regions such as Dombivli and Ghodbunder Road in Thane witnessed the highest price rise of 66% and 54% respectively while South Mumbai prices were weak. According to the [...] Continue Reading »
In a move to help the company hedge against the over-exposure to its core market, Indiabulls Real Estate is to launch seven new projects outside Mumbai in the remaining part of 2012-13. The company is to launch residential as well as office projects in Sonepat, Gurgaon, Indore and Chennai. Including a township in Savroli on [...] Continue Reading »
A new realty project will be launched in Mumbai in the partnership of four property developers, Hubtown, Marathon Realty, Terraform Realty and Rajesh Lifespaces. A consortium has been formed called Rare Townships to develop a township titled ‘Rising City’ off eastern Express Highway in Ghatkopar area of Mumbai . The project will have two, two [...] Continue Reading »
The progress of major development projects in Maharashtra has been affected due to the differences over the land acquisition bill. Among these projects, most were shortlisted by chief minister Prithviraj Chavan two years ago. The Navi Mumbai airport, the nuclear power plant at Jaitapur, the coastal road and railway expansion projects are among them that [...] Continue Reading »
The Confederation of Real Estate Developers Association of India (CREDAI) said that the state government’s policies will end up being its gift for Gujarat’s Gift City as the developers body witnesses Mumbai and Maharashtra turning increasingly ‘investor unfriendly‘. Lalit Kumar Jain, president of CREDAI, has criticised the policies regarding the proposal to hike the lease [...] Continue Reading »
In order to tackle slow response to fire emergencies, the Brihanmumbai Municipal Corporation (BMC) is looking at new project from firms to modernise fire brigade communication network. The fire department is suffering from the outdated system alert about fire and when people dial 101, the fire brigade has no way to check if an alert [...] Continue Reading »
A statement passed by the Municipal Commissioner Sitaram Kunte, last month about the re-development of about 300 proposed heritage structures has created confusion among the civic bodies, i.e. the Mumbai Heritage Conservation Committee (MHCC) and the state government. It was said by the municipal commissioner that the re-development of the projects will continue uninterrupted due [...] Continue Reading »
