Apartments in Mumbai
The Brihanmumbai Municipal Corporation (BMC) after two decades has finally planned to clean the roads in Mumbai city. The city main roads are maximum of the time full with vehicles parked regularly. Now that there is availability of treated waste water from Lovegrove Sewage Treatment Plant (STP) and surplus water tankers, BMC has directed its [...] Continue Reading »
The recent news on penalizing the residents who park their vehicles outside on the road did not go well with them. Residents of the apartments in Mumbai and Navi Mumbai are worried about the paying fine. The home minister has plans of penalizing those who park their vehicles beneath flyovers also. Also, residents in Walkeshwar [...] Continue Reading »
The Maharashtra Housing and Area Development Authority (MHADA) has planned to sale 3,000 affordable houses in the market this year. Among the 3000 flats, 2674 flats will be distributed among low income groups, while 174 are made for higher income group. The remaining flats are kept for middle income group. The application forms will be [...] Continue Reading »
The price of apartments in Mumbai are in the increasing side while the builders are not ready to reduce the price. Though the number of unsold flats are high in Mumbai, builders and developers refuse to lower the cost of apartments in Mumbai. The sales ratio did not improved as the buyers are not confident [...] Continue Reading »
According to a survey by a real estate portal Central suburb Mumbai and Navi Mumbai have become appreciable place to rent an apartment. The cost of buying a flat is so high that the monthly rent is cheaper than the EMI need to pay against home loan. It is reported that the rent for a [...] Continue Reading »
The home buyers as well as the builders are disappointed by the proposals of the state budget of Maharashtra. The price of real estate properties were increased several times in past one year. The increased rate of home loans also added burden on the home buyers. Now the latest announcement of imposing additional 5% stamp [...] Continue Reading »
Mumbai Developers are facing very hard time in selling their properties. The market is so worst in Mumbai that three consecutive property exhibitions have been canceled. According to Maharashtra Chamber of Housing Industry (MCHI) the situation arise due to some government policy. Actual home buyers are not looking for a flat as the cost of [...] Continue Reading »
As the inflow of population towards Mumbai is increasing day by day, it is became harder for finding a home. The congestion of the city is increasing every day leading to space scarcity for the blue collared people. For those who are accommodating in rental houses has to search for new apartments almost after every [...] Continue Reading »
As the rate of service tax and excise duty has been increased in the budget, the property price in India may not reduce in near future. According to a report, the amendments made by Development Control Regulations (DCR) will increase the project construction costs for builders. The modified rule have revised the calculation of the [...] Continue Reading »
The market scenario in real estate in Mumbai is under a huge crisis. The sale rate is decreased to an extent in last few months leading to a fund crunch for the sector. The sector did not get any better offer from the budget 2012 other than affordable housing projects are allowed to access External [...] Continue Reading »
