Mumbai
Months after scrapping the relaxation the previous Left Front government had given on land holdings beyond ceiling, the Mamata Banerjee government has taken a similar route to boost urban infrastructure. Another new decision has occurred as all building plans will be sanctioned online from now on. The government has come up with a policy for [...] Continue Reading »
Post a hiatus of nearly five months, the stalled tendering process for the Rs 23,126-crore Colaba-Bandra-Seepz Metro will be again back on track from the next week with the first board meeting of the reconstituted Mumbai Metro Rail Corp (MMRC) that is scheduled to be held on the 12th of August. The Mumbai Metropolitan Region [...] Continue Reading »
The IL&FS Engineering Services Ltd has said that it has received a letter of Intent for Rs. 105 crore worth buildings work in Mumbai. According to a company statement, the contract is from the Lodha Group for civil construction works. The contract is for the 18 proposed G+15 residential buildings in Phase II of its [...] Continue Reading »
As the companies tighten their rent of outflow and shift offices to new areas, it seems to be causing a transfer of housing realty as well. In Mumbai which is the world’s 16th costliest city to buy a home in, the luxury housing boom has spread to new locations like that of Lower Parel, Worli [...] Continue Reading »
The Thane district region is apparently becoming one of the most preferred regions for people looking to purchase a home in the vicinity of Mumbai. Going by the various property portal study, there currently are 30 new residential projects in different stages of construction in the region. Nearly 93 percent of the Thane-region residential units [...] Continue Reading »
The NDA government has apparently cleared revised norms for the Navi Mumbai airport project bids in record time; thus finally giving the go-ahead to the project which has been delayed for more than a decade. With the revised tender document prepared by Cidco having been cleared by the Civil Aviation Ministry, the process of inviting [...] Continue Reading »
The parents and students have been given a reason to cheer as the City and Industrial Development Corporation (Cidco) will be providing 15 plots for the news schools in the first phase. The schools will having classes from the primary level to Std X and Std XII. The provisions have been made for the schools [...] Continue Reading »
The wetlands along the coastal belts situated around Mumbai are being eradicated only to make way for development. This came into light as the Maharashtra forest development informed the Bombay High Court last day. This is a serious damage to the environmental scenario. Protest had been previously raised against the eradication of these wetlands. The [...] Continue Reading »
The agricultural land conversion process has been simplified by the Maharashtra government, in an apparent attempt to give the housing sector a boost. Hailing the government’s decision, the Kolhapur Municipal Corporation said that the simplification of the agricultural land conversion process has made it easier for property developers, as well as residents holding land, to [...] Continue Reading »
No longer is the Indian real estate sector an unorganised one, thanks to the investments from foreign players and Indian corporate houses. Rapid urbanisation, increasing levels of income and opening up of the sector to FDI have resulted in phenomenal growth of the Indian market. The multiplier effect of the real estate sector is what [...] Continue Reading »
