Mumbai
The Confederation of Indian Industry (CII) and JLL India have recently released a five-year price analysis of residential real estate market across 11 cities. The CII and JLL India report, released on Friday, showed that the residential markets which have witnessed the highest percentage of home price increase in India – during the years from [...] Continue Reading »
It seems that there is Saturn hovering on the Mumbai Metro Project. UPS Madan the metropolitan commissioner of MMRDA (Mumbai Metropolitan Region Development Authority) mentioned that they have decided to challenge a single-bench order of the Bombay High Court on the Mumbai Metro fares in front of a division bench. The recently commissioned Mumbai Metro has [...] Continue Reading »
The state-run Mumbai Port 142 years old, and is in dire need of a revival. Shipping minister Nitin Gadkari said that a committee has been set up to utilize the 1,800 acres of land it owns. The committee will function under the leadership of Rani Jadhav, former chairperson of the Mumbai Port Trust. They are [...] Continue Reading »
According to reliable sources, around 11 floors were demolished by the Mumbai municipality’s special squad. These floors were found in a building named Deshabhiman in Siddharth Nagar. Located in the western region of Goregaon and 25 kilometres away from Campa Cola Complex at Worli, the process of destruction began this January. This happened hardly two [...] Continue Reading »
An allocation of Rs 7,500 crore is being sought by the Delhi-Mumbai Industrial Corridor Development Corporation (DMICDC) in the Union Government’s Budget, for an ambitious experiment — three ‘smart city’ projects. The experiment for which the DMICDC is seeking the Rs 7,500-crore budget allocation will likely get the go-ahead from the Narendra Modi-led government which [...] Continue Reading »
The Campa Cola residents seem to be in a difficult spot since the government has promised to come up with a way to regularize all flats that are illegal. However, the major drawback here remains just one thing; it may take a lot of time to finish the procedures. Even though the task of regularization [...] Continue Reading »
According to reliable sources, there were around 2,641 flats won by families through the Mhada lottery. However, they need to wait for a total of 9 months before they are given possession. The apartments have been constructed in Mumbai, Virar, Vengurlan and Konkan. The event was organized at Rangsharda auditorium which is located in Bandra. [...] Continue Reading »
The Narendra Modi government is emphasising on creating 100 smart cities in India and Delhi-Mumbai Industrial Corridor Development Corporation (DMICDC) is hopeful that its demand of Rs 7,500 crore for three smart city projects will be approved by the infrastructure project friendly NaMo Government. The DMIC Trust will meet on Wednesday and will discuss the demand [...] Continue Reading »
CBRE, the leading property consultancy firm report makes it clear that with the government planning major infrastructure projects in the Mumbai Metropolitan Region, the area is emerging as a growth centre for real estate sector. There has been a significant increase in demand for commercial and residential properties in areas where major infrastructure projects are planned. [...] Continue Reading »
The market for the luxury homes seems to be picking up as Mumbai-based developer Wadhwa Group has launched its luxury homes project in suburban Ghatkopar where apartments cost Rs.1.7-10 crore. They have named this project ‘’ The Address’’ and are busy raising Rs 750 crore for the project. Kohlberg Kravis Roberts and Co. LP (KKR) [...] Continue Reading »
