Mumbai
DB Realty Ltd, which was caused in the maze of 2G scam, is on its way to make a return to Mumbai’s realty scene by launching new projects and rebranding existing ones. The company’s stock has fallen 33 per cent since February 9, 2011, when its managing director, Shahid Balwa, had been arrested by the [...] Continue Reading »
Real estate consultancy firm Cushman & Wakefield reports that the top eight cities in India are expected to see a demand for about 180 million sq ft of commercial office space in the next five years. Based on announced projects and the current pace of construction, total expected supply in these five years is 219.6 [...] Continue Reading »
25% of the one lakh autorickshaws in Mumbai are now fitted with electronic meters. Transport authorities made it mandatory for all autorickshaws that applied for registration or for renewal of the annual driving permit after March to have an electronic meter. By the end of August, e-meters had been installed in 27,435 autorickshaws. April 2013 [...] Continue Reading »
Report by global property consultant Cushman and Wakefield states that there will be an increase in the demand for 12 million housing units across the country in the next five years. It is said that the top eight cities will form about 20 per cent of the additional demand. However, the overall demand generated for [...] Continue Reading »
Oshiwara residents organisation has approached the Bombay high court demanding the allotment of two plots, one of which is the only open space in the area. Both the plots are reserved as one for a playground and a the other, a municipal school. The division bench of chief justice Mohit Shah and Justice Niteen Jamdar [...] Continue Reading »
A controversy has been stirred up due to the inclusion of old residential structures of Mumbai in the heritage list. The BDD chawls with cracked walls, leaky pipelines and dismal interiors have residents living in it since the British Era. Residents living in these chawls have been hoping for a re-development, however, the inclusion of [...] Continue Reading »
An RTI query has revealed that the maximum number of complaints received by consumer forums in the Mumbai Metropolitan Region (MMR) belongs to housing matters. Of 24,278 complaints received by MMR’s six forums in last 15 years, housing comes at the top with 7,499. The obvious reasons seem to be skyrocketing house prices added with [...] Continue Reading »
Due to a software problem, Brihanmumbai Municipal Corporation‘s (BMC) plan to send out property tax bills by September has been delayed. The property tax bills are likely to be delivered to citizens in November. The BMC has demanded the software developer to hand over the software by October 15. Once the software is acquired, there [...] Continue Reading »
Caesars Entertainment, the world’s biggest casino company, is planning to enter hospitality and entertainment sector in India. It has plans to enter luxury hotels as well as entertainment businesses such as managing Bollywood-centric events, concerts, musicals, drama and stand-up comedy. Las Vegas-based Caesars Entertainment owns 50 hotels and casinos and several golf resorts around the [...] Continue Reading »
Property advisory firm Cushman & Wakefield says that private equity investments in the Indian real estate sector have seen a drop of 15 per cent in the first three quarters of calendar year 2012, compared to a year ago. FY2012 has so far witnessed investments of around Rs 3,500 crore across residential and commercial property [...] Continue Reading »
