Cities
The Government of Maharashtra recently announced its plans of abandoning the model of private and public partnership that it had entered for the development of Mumbai Metro project in its second phase and has recently decided on modelling and building the project itself. This decision comes after Reliance Infrastructure exited the project partnership. In early [...] Continue Reading »
Around 200 members of the big housing societies and townships will have to cast vote through an option of secret ballot for electing new management for the committees. The new rules and regulations passed by the State Cooperative Election Authority (SCEA), says that there are approximately 40 percent housing societies in Mumbai region who have [...] Continue Reading »
In spite of high prices of property, once again, India’s industrial revenue generation capital Mumbai has emerged as the most prominent and interesting property investment hotspot in India. According to 35 percent United Arab Emirates (U.A.E.) based Indians; Mumbai is the best city for doing investment in property. All this came up in a recently [...] Continue Reading »
The makeover of Mumbai’s majorly derelict docklands is under planning stage. If in case the panel appointed by the government approves, a waterfront can uplift the mood of the city and its rich. Narinder Nayar, an entrepreneur who’s based from this panel, who will be unleashing his recommendations this week exclaimed that, this would be [...] Continue Reading »
Indiabulls Distribution Services, powered by Indiabulls Securities has invested Rs. 600 Cr., in buying a huge commercial building in Chennai. This tends to be one of the remarkable property deals of South India. The complex was previously owned by a hedge fund Americorp under India Land and Properties. There are three towers of the complex, [...] Continue Reading »
The transport experts of Delhi are planning to make a pitch for the Bus Rapid Transit (BRT). This comes years after the Delhi government had set up the BRT system but dumped it later. Enrique Penalosa, architect of the few successful BRT systems in the world commented on the new decision of the government stating [...] Continue Reading »
The real estate companies based around Bangalore namely Puravankara, Prestige and many other are planning to set foot in other cities such as Mumbai or Pune and rule over other southern cities as well, including Mangalore, Hyderabad or Chennai for further growth. Prestige undertakes about 85% of the major projects of Bangalore in expecting a [...] Continue Reading »
Ashok Vihar is a planned metropolitan area like Delhi, with schemed colonies and plot houses. There is no sign of development or construction by private developers in near future. This particular area is witnessing a hike in independent floor development on normal housing schemes. Local builders and brokers play a significant role in this along [...] Continue Reading »
The government is planning a redevelopment of Mumbai’s most derelict docklands. It is predicted that if the government panel can have its way, it enable them to create a waterfront which the city people can visit to lift their spirits and the rich can go to play. Mumbai is the second most densely populated city [...] Continue Reading »
Electronic Stamps for stamp duty payment was the first step, Delhi government took towards realizing some revenue. It has now floated the idea of charging electronic registration fee for documents and this includes properties too. Futuristic Approach The idea of this concept is to shed over the old manual up gradation of documents which in [...] Continue Reading »
