Borivli
The state government has asked for a legal opinion whether a review petition against the recent Supreme Court order of removing the “private forest” tag attached to huge swathes of land across the state, should be filed. The ruling has brought relief to at least five lakh residents and builders linked to hundreds of acres [...] Continue Reading »
The Supreme Court’s decision to remove the forest tag from huge tracts of land spread over Mumbai, has brought respite more than five lakh residents. The apex court has quashed all prior notices and orders regarding encroached forest land issues, in the last nine years, about the various areas bordering the Sanjay Gandhi National Park in [...] Continue Reading »
At a time when the real estate sector is going through a lean phase and the inventory level of Mumbai is going up propelled by a dip in sales, the traditional upmarket residential enclaves of south Mumbai – are skyrocketing. The city’s plush Nepean Sea Road area sold for a boggling Rs 1.20 lakh a [...] Continue Reading »
In the first two quarters of 2012, Mumbai, India’s financial capital has been witnessing a downward trend in property sales’ front. Even purchase and buying activity is not going good either. From January- May 2012, experts have said that people are looking for a more subtle way like fixed monthly lease rent than buying a [...] Continue Reading »
A Borivli resident has recently been compensated with Rs 50000 by the builder for late handing of flat keys. He filed a complaint in Mumbai Suburban District Consumer Disputes Redressal Forum against Soni and Associates from whom he had bought the flat in April 2004. The Consumer Forum noticed that the buyer was suffering from [...] Continue Reading »
The Brihanmumbai Municipal Corporation (BMC) has decided to slot Rs-400 crore project to stop the sewage problems in Mumbai city. The project aims to improve the sewage system in low-lying western suburbs. Sewage problem in city’s low lying areas are increasing with the population. Also 48 chronic flooding spots will be tacked off under the [...] Continue Reading »
The USP of a property in Dharavi is that it can be used either for residential or commercial gains. The owner can make a good sum if he uses it for commercial purposes. If, instead, he diverts the property for residential purposes, he will charge a high rent to compensate for the loss of income [...] Continue Reading »
BMC Chief tightens screws on builders seeking concessions and contended that many builders later misuse concessions and sell space not included in the building’s floor space index (FSI). Civic chief Subodh Kumar has rattled the construction industry by routinely rejecting or drastically reducing concessions sought by builders. The BMC has refused to clear the project [...] Continue Reading »
The Mumbai civil court has ordered the demolition of an under-construction building in Borivli (W). The judge has ordered Himanshu Shah of Noopur Developers to pull down the structure within four months from the date of the decree. The case dates back to August 2009, when 43 members of wings A and B of Megh [...] Continue Reading »
