Apartments in Mumbai
The market is expecting a price correction for the larger township projects in Mumbai, as large inventory involvement in those projects may exert a downward pressure on prices. However, in a recent report by a real estate consulting firm, it is reported that the cost of residential property in Mumbai will start rising in coming [...] Continue Reading »
In Mumbai, according to the recent real estate report it was revealed that around 35000 housing sectors is kept unsold! The real estate developers and builders are more worried about the unsold apartments in Mumbai city. The total value of unsold properties in Mumbai is around Rs 8,535 crore and it has been predicted that [...] Continue Reading »
Recently a four BHK flat was sold at a price of Rs 29 crore at an exclusive complex of 175 apartments and 10 bungalows at Cuffe Parade. People are opting for ultra-premium apartments in Mumbai because of the exclusive services that comes with the deals. While the affordable and mid-range segments of residential space are [...] Continue Reading »
The power requirements in the Sion/Mahim and Colaba/Cuffe Parade area will be ensured by BEST. To maintain adequate supply of power in those areas, BEST has planned to purchase 300 MW power from Indiabulls Power Ltd for next 25 years. With the number of high rising apartments in Mumbai are increasing, the demand for electricity [...] Continue Reading »
Mumbai’s residential home sales recovered from a three-year low in the quarter ended in March. This increment in sales happened as several new projects in Mumbai were launched during the period. Now a days, Mumbai is India’s most expensive property market. Still the number of unsold apartments are much higher in Mumbai real estate market. [...] Continue Reading »
The cost of apartments in Mumbai has been increased rapidly. As of date the average price of an apartment in central Mumbai is approximately Rs 2.6 crore. The rise is recorded as 20 % compared to the price of apartments in the same time last year. The average cost of apartments in the municipal limit [...] Continue Reading »
It is revealed by a survey that the home buyers in Mumbai are expecting a reduction in the cost of the properties in Mumbai. For coming out from the stagnant situation and to increase the absorption rate, the local builders have started to reduce the cost of the properties. Builders of suburb Mumbai are not [...] Continue Reading »
Omkar Realtors has taken the slum redevelopment projects as their major business model. In 2003, the Omkar Realtors entered the redevelopment projects for the Mumbai slums. As of date the builder has already redeveloped 2.5 million sq ft of slums and targeting to reconstruct more than 20 million sq ft of slums by 2016. Redevelopment [...] Continue Reading »
A multipurpose building inclusive of library, parking, hall facility and gym was recently inaugurated at Vashi Sector 14 in Mumbai. The building has been planned to serve the residents surviving in the surrounding environment. The multipurpose building construction with excellent facilities is expected to be completed in a span of other two year. A spacious [...] Continue Reading »
The President has given her assent to the amendment of the Municipal Councils and Maharashtra Regional and Town Planning Act. According to the amendment, any official allowing unauthorized constructions have to pay a fine of Rs 25,000 or will be punished by imprisonment for a month. The amendment will also allow to appoint an officer [...] Continue Reading »
