Mumbai
The Mumbai Metropolitan Region Development Authority (MMRDA) eyes to ensure full utilisation of four floor space index (FSI) for its land-buyers in business hubs at the Bandra-Kurla Complex (BKC) and Wadala, so that more revenue can be earned. The MMRDA has requested the Canada-based International Civil Aviation Organisation (ICAO) to study the scope of raising [...] Continue Reading »
A team of Brihanmumbai Municipal Corporation (BMC) civic engineers is to conduct an audit of the pothole-filling work being carried out on city roads. The decision has been taken after 1,738 potholes were reassigned or reopened for filling. The BMC claimed that the cold-mix technology used to fill potholes is effective enough. However, recent heavy [...] Continue Reading »
After being a successful venture in the TV and film industry, Ekta Kapoor‘s Balaji Group has now entered Mumbai’s real estate market. The foray consists of two initial projects: a commercial complex in Chandivli, Andheri East, and a residential one in Mira Road. The land parcel had been bought by Jeetendra in auctions and now [...] Continue Reading »
Festive season has triggered initiatives to boost home sales. Banks and builders have come up with lucrative offers for home buyers. Several banks have cut rates on home loans by 25-50 basis points and real estate developers are offering discounts on under-construction and ready for possession properties. Bank of Baroda, Allahabad Bank, Central Bank of [...] Continue Reading »
CNBC AWAAZ has announced to hold ‘Real Estate Awards 2012’ to recognize the effort and worth of visionaries and professionals from the real estate industry. The theme for this year’s awards is “Modern Marvel” and it is slated to be held in November. The organisers have called for entrees within September 21. The awards will [...] Continue Reading »
The Brihanmumbai Municipal Corporation (BMC) held a workshop for volunteers of Mumbai’s Ganesh mandals ahead of the Ganesha festival starting from September 19. The workshop is to be held at a civic school at Worli Sea Face. During the workshop, round 250 volunteers will be briefed about crowd management, first aid, cardiopulmonary resuscitation (CPR), etc. [...] Continue Reading »
The Brihanmumbai Municipal Corporation (BMC) has decided to rope in bigger, reputable firms to build roads in the city rather than small-time contractors. The civic body which had tried to bring in bigger contractors previous year but to no avail, has increased tender amounts this year. BMC has come up with three contracts worth Rs. [...] Continue Reading »
The confusion over VAT payable by the builders and buyers in Maharashtra is being handled carefully by the state government and builders alike. The Maharashtra Chamber of Housing Industry (MCHI)-Confederation of Real Estate Developers’ Associations of India (CREDAI) has set up a four-member committee to look for the best option for developers to compute Value [...] Continue Reading »
Mumbai’s economy has been hurt by an unregulated, hyper inflated and speculative real estate, which in turn would have its effect on the country’s economy. The astronomical property prices are driving new businesses and expansion of existing ones away to other cities. The cost of acquisition of a facility to run business is very high [...] Continue Reading »
The Maharashtra state government has set up a committee under the chairmanship of Brihanmumbai Municipal Corporation (BMC) chief Sitaram Kunte to address the issue of bad roads. The new committee will work on a policy to improve the maintenance of all city roads, including non-BMC roads. It has been formed comprising of members from the [...] Continue Reading »
