Mumbai
Residents of Rahatani and Pimpri are facing water shortage due to problems in the water distribution network, though there is no water cut in force in Pimpri-Chinchwad. The water shortage problem exists for the last one and half years in Savita Khule Chawl in Ramnagar area of Rahatani. Also, the number of water connections taken [...] Continue Reading »
Office sales and rentals have plunged by almost a third in the last two years in Mumbai’s alternative financial district of Lower Parel. The reason is a building boom that took place after various mill land sales 4-5 years ago. In the recent years, Lower Parel witnessed launches of nine major projects, creating office space [...] Continue Reading »
Thane District Consumer Forum has ruled that builders must stand by the conditions laid down by civic authority while granting the occupation certificate (OC), even though if such conditions are not a part of the sale agreement with flat buyers. Recently, a complaint was filed by Sarvottam Co-operative Housing Society against city-based Radhakrishna Developers. According [...] Continue Reading »
Assocham study reveals that the real estate industry is attracting substantial investments in seven of the 20 top well-performing states even as the property market is facing slowdown. Almost 50 percent of Haryana’s investment is being done in realty sector since December 2011. The services sector accounted for about 34 per cent of its total [...] Continue Reading »
The Godrej Group’s real estate development arm, Godrej Properties, has announced that it has entered into an agreement to develop approximately 110 acres of land in Panvel. Godrej has entered into a profit sharing joint venture structure for this project where GPL will receive 35 per cent of the profits from the development. The project [...] Continue Reading »
The government has given more time to 33 special economic zone developers, including Uttam Galva Steels Ltd, Unitech Infracon and GMR Hyderabad International Airport Ltd, to execute their projects. The Board of Approval (BoA), a 19 member inter-ministerial body that deals with SEZs, at a meeting headed by Commerce Secretary, also allowed three SEZ developers [...] Continue Reading »
The Maharashtra government has conceded that the recent raids conducted by state anti-corruption bureau (ACB) at the octroi check posts have resulted in a rise in revenue. Octroi being the highest sources of revenue for the corporation, which adds approximately Rs 4,500 to its fund, is also a source of revenue theft as a large [...] Continue Reading »
In a recent development, Crime Investigation Department (CID), has been approached to probe allegations of corruption against the city’s municipal corporation in allotment of garbage-collection contracts to private parties. Around 75 per cent of the garbage is being cleared by private contractors, the remaining by municipality employees. As per the allegation, made during the ongoing [...] Continue Reading »
Following 5,419 complaints in June regarding contaminated water, Brihanmumbai Municipal Corporation’s (BMC) water department has been instructed to take at least 1,000 water samples every day. The Corporation has instructed the water department to look into the reasons of the contamination and also to find measures to plug the problem. The usual process is that [...] Continue Reading »
In a recent report, Jones Lang LaSalle India (JLL) suggested that as compared to some major cities like Mumbai, NCR, Bangalore, Pune and Chennai, cities like Ahmedabad and Kolkata have an advantage due to high proximity of affordable housing projects to city center. At 15-20 km Ahmedabad and Kolkata offer the closest proximity to central [...] Continue Reading »
