Mumbai
Many localities within Navi Mumbai have become major residential locations over the past few years. Localities such as Vashi, Belapr, Nerul, Khargar etc have all been besought for residential purposes by buyers. Ulwe is the one such locality to witness a surge in residential demand. Infrastructural developments, enhanced connectivity and affordable residential rates are the [...] Continue Reading »
The recently announced retail reforms have created a positive sentiment in the industry. Jones Lang LaSalle India Chairman and Country Head Anuj Puri has stated that the new development will boost mall development in India. He stated that it will push up absorption of surplus retail space in shopping malls across the country. Similarly, developers’ [...] Continue Reading »
The recently announced retail reforms seem much needed aide for India’s biggest real estate firms such as Unitech, DLF, Oberoi Realty and Nitesh Estates. All these firms’ retail segment plans have been crumbling in the recent past and now hope resurfaces with the proposed reforms. DLF, the country’s largest real estate company, is already planning [...] Continue Reading »
Experts have stated that the proposed 51 per cent foreign direct investment (FDI) in multi-brand retail is set to bring in good news for both the retail and the real estate sectors. Jones Lang LaSalle India states that from the retail real estate point of view, it will open up immense opportunities in the medium [...] Continue Reading »
While question marks have been put as to number of new project launches, Gee Cee Ventures has announced that it plans to launch a real estate project in Navi Mumbai. The project would be a residential cum commercial real estate project. It will be developed on a land bought for Rs. 101 crores at Navi [...] Continue Reading »
Brihanmumbai Municipal Corporation (BMC) authorities are planning to construct a new underground passage for commuters on the eastern side of the Chhatrapati Shivaji Terminus. The decision comes nearly a decade after the first subway was constructed. Railway and BMC authorities are jointly planning another underground passage to minimise the chaos created by commuters outside CST [...] Continue Reading »
Foreign investors continue to elude Indian retail real estate sector despite it being one of the fastest growing markets in the past few years. Industry analysts blame the government’s policy regarding foreign direct investment into real estate, and particularly retail real estate, for discouraging overseas investors investing in India. Anuj Puri, chairman and country head [...] Continue Reading »
Jones Lang LaSalle has stated that real estate industry in India still has a long way to go to be a mature market. JLL says that compared to Europe or America, India is a strongly developing market in terms of new constructions. However, strong focus has to be laid on licensing, permissions, land purchasing, development [...] Continue Reading »
There has been an effort to regulate the real estate sector in India. The recent bills such as Land Acquisition, Rehabilitation and Resettlement Bill, 2011 and Draft Real Estate Bill, 2011 are testimony to that effort. While, the need to regulate the sector has been discussed at length, there are fears that the bills may [...] Continue Reading »
Brihanmumbai Municipal Corporation (BMC) plans to categorise all potholes that have been reported as severe, medium and low priority. The prioritisation will depend upon the traffic density of the road on which the pothole is located. BMC officials state that it has decided to do so to ensure potholes on busy roads are filled at [...] Continue Reading »
