Mumbai
Deforestation and land erosion had reduced the forest cover in the last few years. However the afforestation moves taken by the government and the forest officials had helped to improve the situation and the country has recorded an increase of 5,871 square km in its forest cover in the past two years. West Bengal alone [...] Continue Reading »
With regard to the proposed demolition of 96 flats constructed illegally in the Campa Cola compound in Mumbai, the Brihanmumbai Municipal Corporation (BMC) told the Supreme Court on Monday that an out-of-court settlement of the dispute was “not possible.” In response to the query by a bench led by Justice S J Mukhopadhaya about the [...] Continue Reading »
Railway officials in Mumbai are hopeful that Prime Minister Narendra Modi’s new government will give a push to the first Mumbai-Ahmedabad high-speed train proposal in the 2014 Railway Budget — the first rail budget of the Modi government. The projections voiced by the Mumbai Railway officials about an expected push to the Mumbai-Ahmedabad bullet train [...] Continue Reading »
The joint-venture company of US-based private equity (PE) company Blackstone and Pune-based property developer Panchshil Realty has recently acquired a major stake in Express Towers – located in Nariman Point in Mumbai – for approximately Rs 870 crore. The deal was finalized recently, after months of negotiations. Express Towers is an iconic building which is owned by The Indian [...] Continue Reading »
The deadline for the Navi Mumbai Metro project has been extended by the implementing body, Cidco. While the original deadline for the completion of the first phase of the ambitious 23.4-km Belapur CBD to Khandeshwar Metro project in Navi Mumbai was 2014, the Metro is now likely to become operational only by 2017. The first [...] Continue Reading »
On Wednesday in Navi Mumbai, an illegal building was completely demolished by the officials of the Controller of Unauthorized Construction (CUC). This took place in sector 12 of Juhugaon on a plot belonging to Cidco. This is not the first, but a second time in which we see the officials taking up the cumbersome task [...] Continue Reading »
At a Lower Parel location in Mumbai, renowned city-based realty player, Omkar Realtors and Developers, has launched upper floors of its premium residential project – Veda Exclusive. The Veda Exclusive residential project is strategically located on the eastern edge of south Mumbai, off Jerbai Wadia Marg. The luxurious apartments comprising the core of the project [...] Continue Reading »
One of Mumbai’s leading real estate developers, Ahuja constructions, has launched an upscale residential project near Mumbai city. The luxury lifestyle project is called L’Amor; and it is coming up in the heart of Mumbai city’s fast emerging neighbourhood – Oshiwara. The project sprawls across a 7-acre area; and comprises two blocks, each having 36 [...] Continue Reading »
The financial capital of India Mumbai has seen a sharp increase of 35.2% in the land for residential development in the last two years. Bangalore is the close second with 26.1% and NCR third with 24.9% growth in the same index of land price appreciation. Global consultancy firm Knight Frank’s Prime Asia Development Land Index report has revealed [...] Continue Reading »
The Maharashtra government is considering awarding higher Floor Space Index (FSI) for cluster development in Mumbai, and may announce a re-development policy soon. This might boost re-development of derelict buildings in the city. The index is the ratio of a building’s total floor area to the size of the piece of land upon which it [...] Continue Reading »
