Mumbai
Some of the lesser-known nodes in Navi Mumbai are touted to bring in good returns for property investments. Places like Kalamboli, Ulwe and Roadpali are the areas where an apartment buyer can expect at least 20-30 per cent returns on investments, owing to appreciation in apartment prices. Infrastructure and the location of these areas are [...] Continue Reading »
Owing to confusion created in the minds of home buyers, the consumer organisations in Maharashtra have come together to address flat owners’ concern over paying the Maharashtra Value Added Tax (MVAT) to builders. Three organisations – Sajag Nagarik Manch, the Akhil Bharatiya Grahak Panchayat and the Grahak Hitwardhini have organised an awareness programme on October [...] Continue Reading »
Motilal Oswal Private Equity, an India-focused risk capital firm, is raising a Rs 500-crore real estate fund that will invest primarily in residential projects. This comes at a crucial time as private equity investments in the Indian real estate market have sharply dipped in the first three quarters of 2012. As per sources, the new [...] Continue Reading »
Confederation of Real Estate Developers’ Associations of India (CREDAI) and the Royal Institution of Chartered Surveyors (RICS) have come together to offer courses in real estate. They have announced a joint initiative to address the learning needs of professionals in real estate and construction sectors. RICS is a global professional body which builds environment that [...] Continue Reading »
Wal-Mart, world’s largest retailer, is likely to change its global strategy in Indian retail sector. WAl-Mart is of the opinion that concept of hypermarkets spread across a huge space may not work in India. It may go for smaller stores in India to cater to needs of consumers. The strategic shift is centered around unwillingness [...] Continue Reading »
After Bangalore, it seems Mumbai’s turn to face concerns over Dengue fever. The extended fluctuating weather along with intermittent rains has led to a rise in dengue cases. With the monsoon withdrawing now, there are chances of water accumulating in open spaces providing mosquitoes a perfect breeding ground, which is causing a rise in dengue [...] Continue Reading »
In order to earn more money, the Maharashtra state cabinet has cleared a new policy for pre-Independence leasehold plots in Mumbai. The policy will affect the monthly rentals of tenants occupying old buildings in the city. As per the new policy, the government has hiked rent, limited the term of new agreements to 30 years [...] Continue Reading »
Global realty service player Jones Lang LaSalle (JLL) recently got green signal from Securities and Exchange Board of India (SEBI) to launch its first residential focused fund in India. JLL aims to raise $57 million through the fund. JLL got the approval under a new class of pooled-in investment – Alternative Investment Funds (AIFs). The [...] Continue Reading »
In the ongoing series of discussions to provide relief to real estate sector, developers have asked for relaxation of funding norms. Deliberation between Indian Bankers Association (IBA) and Confederation of Real Estate Developers Association of India (CREDAI) saw developers called for the easing of financing norms to ease the cash crunch of the developers. The [...] Continue Reading »
Chandivali, a suburb of north-central Mumbai, has developed at a rapid space. There has been a 20 per cent hike in property prices of multi-storey apartments during the July-September quarter as compared to the April-June quarter. Along with the price appreciation, rentals of multi-storey apartments too have gone up by 19 per cent during the [...] Continue Reading »
