Apartments in Mumbai
Every new residential launch in Mumbai has to undergo tough time! The real estate developers in Mumbai should pay property tax for three year well in advance if they want to take up any new construction project. Again, this will give raise to increase in prices of apartments in Mumbai. So, property buyers get ready [...] Continue Reading »
With the proposed rise in the stamp duty for leave and license agreement in Maharashtra, the cost of rented apartments in Mumbai will increase. The government has increased the rate of stamp duty from 0.1 % to 1% for the current financial year. According to the real estate analyst, this decision will impact the rental [...] Continue Reading »
Sales of properties in Chennai, Bangalore and Gurgaon are being sold in a rapid pace similar to that of hot cakes! This one one sentences explains the whole real estate scenario happening in around cities in India. All of us know for a fact that year 2011 for real estate industry was nothing but a [...] Continue Reading »
In Mumbai, a verdict was passed in the city civil court regarding tenants fighting for landlady regarding the building’s renovation and repair. It is the house owner who stands responsible to spend for house renovation. Similar case was booked by the tenants of Shubadra Mansion at Walkeshwar. Wherein, the tenants blamed mishap on an illegal [...] Continue Reading »
Though the real estate market in India saw a good rate of sales of apartments in 2011, the property market in Mumbai witnessed a downfall in property sale. The major reasons of less number of sale of apartments in Mumbai are the high price of apartments. On the other hand the demand for new apartments [...] Continue Reading »
Everyday people have to travel more in crowded local trains in Mumbai, still they are looking for residential properties in suburban Mumbai and extended part of it. People are expanding their home buying options in Kalyan, Dombivli, Boisar, Vasai, Virar, Titwala, Shahad, Vasind, Ambarnath, Karjat, Pen and Khopoli. As the cost of properties in Mumbai [...] Continue Reading »
The real estate-focused private equity (PE) firm ASK Property Investment Advisors Pvt. Ltd has planned to invest Rs 100 crore in the redevelopment project in Mumbai By the Godrej Properties. The ASK group has taken 49% stake of the project. the redevelopment projects are considered as a difficult way of construction. The other PE transaction [...] Continue Reading »
The Mumbai municipality issued notice to all the owners for payment of the due property tax. And the due date was 31st March, 2012. The notice surprised the owners as many of them were unaware of the due taxes. Lot of the owners purchased the apartments in Mumbai recently and at the time of sale [...] Continue Reading »
As the proportion of sale of real estate properties in Mumbai reduce drastically, the builders are facing a huge crunch for cash inflow. To overcome the situation and to generate momentum in sales, the builders are coming up with different deal options for their unsold properties. Some builders in Mumbai region introduced a new scheme [...] Continue Reading »
The redevelopment of residential project in Chembur Sahakar Nagar will be done by Godrej Properties Limited. According to the redevelopment agreement, GPL will reconstruct 18 residential complexes in Sahakar Nagar, Chembur, Mumbai. 216 residents live in these 18 residential complexes. The proposed construction will develop 2, 2.5 and 3 BHK flats in the present apartment [...] Continue Reading »
