Apartments in Mumbai
Due to the cash crunch in the real estate market, the builders are coming up with new option to sell their projects. As the sales in real estate market is considerably low, the cash flow also reduced. It is not easy of getting bank loans now a days for the builders. To enhance the cash [...] Continue Reading »
It is observed that the completion of many residential projects in Mumbai are delaying now a days. Analysts says that the delay is due to the reduction in the sales in the property market. It is reported that more than 65% of the projects are being delayed in a range of six months to three [...] Continue Reading »
The builder of the Green Wood apartment extended a flat in the parking space specified for the residents. The residents of the apartment appealed to civic body several times to demolish the extended work and make the space available for parking. After six months of struggle the builder accepted to dismantle the structure and to [...] Continue Reading »
According to the census 2011, more than 4lakh apartments are vacant in Mumbai. According to the experts the vacant apartments proves that the builders are holding those properties expecting a rise in price. The experts also said that all vacant apartment do not indicate that they are unsold. There are many instances that NRI’s bought [...] Continue Reading »
The sale outflow of apartments in Mumbai real estate has slowed down. It is observed that the residential apartment sales in Mumbai has dropped by 28 percent during last 1 hour. Right now Mumbai realty market has plenty of unsold apartments in and around the city. However, in the experts view all the apartments will [...] Continue Reading »
Sheth Developers Pvt. Ltd. in Mumbai finalized the deal with Morgan Stanley Real Estate Investing, (MSREI) for an investment of Rs 450 Crore. Sheth developers will invest the amount for theirupcoming project in suburban Andheri area. The builder is expecting to generate revenue up to Rs 3500 crore in next couple of years from the [...] Continue Reading »
The Brihanmumbai Municipal Corporation (BMC) notified that any residential and commercial projects near Arthur Road Jail must obtain clearance permission from the central jail. Accepting the necessity of safety and security, the builders expressed their concern in additional delay in projects. The real estate industry thinks that the government is making the processes more complicated [...] Continue Reading »
The development control regulation made some changes in the regulation and follow up to this several projects will be launched in next few months. This leads to clearing the projects which were pending from long time. According to a real estate research organization there are more than 1lakh unsold apartments in the Mumbai region. Hence [...] Continue Reading »
The Mumbai State Government has decided to promote for a n amendement in the Indian Registration Act(IRA 1908). The government wants to authorize banks to register propertydocuments, license agreement, mortgage deed and hypothecation certificate. The state MPs will consider the proposal in the upcoming Parliament budget session. According to a senior official that this delegation [...] Continue Reading »
For a better rental housing scheme in Mumbai, MMRDA chief wants the floor space index (FSI) to be little flexible. The developers can then work on a good rental housing scheme. Developers supporting rental scheme recommends for a better amendment in the approved FSI. According to the scheme, the state government had plans of building [...] Continue Reading »
