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Apartments in Mumbai

Builders sell flats based on carpet area

Builders sell flats based on carpet area
Majority of the builders have starting selling apartments on the basis of carpet area  instead of the super built-up area after years of delay and now it has become the norm. Even the buyers are ready to pay as they have to pay for the actual area of their property. The best thing about it [...] Continue Reading »

Cost of apartment owned in MHADA lottery has increased

Cost of apartment owned in MHADA lottery has increased
The Maharashtra Housing and Area Development Authority (MHADA) suddenly increased the cost of the apartments for the 2,460 winners of last year’s lottery. The housing board recently decided to increase the cost of its 700 sq ft high income group (HIG) apartments in Powai by Rs 15 lakh and the 300 sq ft low income [...] Continue Reading »

New update on Adarsh Society Scam

New update on Adarsh Society Scam
Two accused in Adarsh Society scam were granted bail by the CBI special court. Those two accused had been in custody since their arrest on April 3, had filed their bail applications on Monday. In the bail application the lawyer has said that all the offenses are punishable for less than 10 years and therefore [...] Continue Reading »

50 percent owners of MHADA flats are still waiting for possession

50 percent owners of MHADA flats are still waiting for possession
MHADA has sold 11267 flat in Mumbai through lottery in last three years. It is found that still 5505 flat owners are waiting for getting the possession of the flats. MHADA had announced the results of another lottery, though; none of the winners of the 2011 lottery have managed to get the keys to their [...] Continue Reading »

Land scarcity in Mumbai promotes redevelopment projects

Land scarcity in Mumbai promotes redevelopment projects
Slum redevelopment schemes as well as redevelopment of old ceased-buildings are playing a key role in real estate development projects in Mumbai. The redevelopment projects will be taken on high priority as the availability of unoccupied land is very less in Mumbai. DB Realty, Tata Housing, HDIL, Unitech, Godrej Properties, Kalpataru group, Omkar Realtors, Hiranandanis, [...] Continue Reading »

Real estate in Mumbai might not see any price correction

Real estate in Mumbai might not see any price correction
In a report by the CRISIL Research, it is reported that there is no scope of reduction of prices for the properties in Mumbai. Though the sale of properties has reduced by 40 percent, a sharp rise in construction and funding costs, in addition to amendments to the Development Control Regulations (DCR), will increase costs [...] Continue Reading »

Demand of residential project in Mumbai depends on work place

Demand of residential project in Mumbai depends on work place
It is analyzed by a real estate consultant firm that Mumbai has a deeply ingrained work culture. The people of Mumbai always prefer to stay in a place which is closer to their work place. As many companies are expanding their process in the suburbs, new commercial and residential projects are coming up rapidly in [...] Continue Reading »

Builders offering 20:80 scheme to attract buyers for Mumbai property

Builders offering 20:80 scheme to attract buyers for Mumbai property
In order to attract buyers for residential apartment in Mumbai, the builders and developers are now offering a scheme where the buyer has to pay 20% of the cost while booking a flat and the remaining 80% on taking possession. Hubtown Developers launched Hubtown Sunmist in Andheri (East) and Hubtown Hillcrest project in Gurgaon. Where, [...] Continue Reading »

Redevelopment projects are happening on a high pace in Mumbai

Redevelopment projects are happening on a high pace in Mumbai
As the availability of open land in Mumbai became limited, most of the builders in the city are looking at investing in redevelopment projects in Mumbai. According to real estate analysts, the growth of real estate, particularly the fresh supply of apartments, depends on the redevelopment projects as the amount of unoccupied land is very [...] Continue Reading »

Real estate in North Mumbai is growing

Real estate in North Mumbai is growing
North Mumbai has become the preferred choice for developers to undertake new housing projects. In a recent survey, it is found that the Andheri-Dahisar belt has seen major construction, with 55 per cent of the new supply of residential units coming up in this area in the first quarter of 2012. Last year the construction [...] Continue Reading »



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