Mumbai
The government is considering a proposal to sell off the real estate owned by the sick public sector companies in Mumbai, Kolkata, Pune and Ahmedabad to state-owned National Buildings and Construction Corporation (NBCC Ltd). The government wants to sell off the housing dwellings owned by these loss making units before selling off the chronically loss-making [...] Continue Reading »
Last Thursday the high court in Bombay was told that the municipal commissioner Sitaram Kunte have not been taking right decisions on the proposals for redevelopment of the cessed buildings whose proposed heights are more than 24 metres in the Dadar and Matunga region despite the court’s order. The law and enforcement department has been [...] Continue Reading »
The Mumbai Transformation Support Unit or MTSU which is a state government think thank recommended for a fresh design to ease the traffic at the Haji Ali Junction and also on Peddar road which is an aerial north south connector. The aerial connector will be able to cut down the rise in traffic problems in [...] Continue Reading »
The move that could help in boosting the development in Maharashtra to help in conversion of agricultural lands in cities and townships into no agriculture land has been simplified in a state cabinet meeting. In the present provision the owners of the land will not need to take collect permission previously to convert their land [...] Continue Reading »
Mumbai is one metro in India which does fairly good amount of rainwater harvesting and uses that water for commercial purposes. However the good news is that with Monsoon rains still scarce, the Municipal Corporation of Greater Mumbai (MCGM) has spared residents from further water cuts. The residents are rejoicing due to this move; however [...] Continue Reading »
There was a marginal decline in property prices across certain pockets in the National Capital Region (NCR) and Mumbai over the past 6-12 months; however it has failed to lure investors. Property sales in the quarter ended 30 June remained sluggish and the real estate sector is hoping that after the announcement of the union [...] Continue Reading »
In Mumbai, owners of premium apartments in the south, central and western suburbs are finding it increasingly difficult to rent out their apartments because there are not many takers for these dwelling units. The demand for plush rental apartments in the mentioned areas has apparently been on the decline of late; thanks to the lacklustre [...] Continue Reading »
A five-year analysis of the price trends of residential realty market across 11 cities reveals that the areas of Navi Mumbai and Thane have recorded the highest percentage increase in flat prices across the country. According to the report by JLL (Jones Lang LaSalle), a firm offering specialized real estate services to its clients, the [...] Continue Reading »
Real estate developers and buyers in Navi Mumbai has accused town planning body Cidco – City and Industrial Development Corporation – of selling housing project flats at market rates. With Cidco set to launch its latest housing project in Kharghar on July 22, builders and buyers have alleged that the cost at which the corporation [...] Continue Reading »
With delays in delivery of housing projects in Thane on the increase of late, home buyers are in a fix about whether or not to make property investments in the area. The delay in delivery of projects is quite apparent from the fact that property experts, developers and brokers have acknowledged that the number of [...] Continue Reading »
