Chembur
Commercial offices are moving up north and Nariman Point is seeing lesser takers. In fact, old Mumbai’s central business district (CBD) is losing its glory. A report by JLL, titled Mumbai Offices 2020, explains that the transition is due to lack of quality office stock and the complicated ownership structure that was evident throughout South [...] Continue Reading »
Santacruz-Chembur Link Road (SCLR) is India’s first double decker flyover. The work for the project was undertaken under the Mumbai Urban Transport Project of MMRDA. Starting from Vakola Junction on the Western Express Highway and extending up to Amar Mahal Junction near the Eastern Express Highway, it provides the much-needed east-west connectivity in Mumbai. Short [...] Continue Reading »
Santacruz-Chembur Link Road (SCLR), India’s first double-decker flyover, undertaken under the Mumbai Urban Transport Project (MUTP) of MMRDA, will give much-needed east-west connectivity in Mumbai. The 6.45 km six-lane road was thrown open to commuters last week, opening from Vakola Junction on Western Express Highway (WEH) and extending up to Amar Mahal Junction near the [...] Continue Reading »
The much-awaited Santa Cruz Chembur Link Road (SCLR), which was delayed by 11 years, by breaking 11 coconuts and burning incense sticks, was finally inaugurated by the MMRDA officials recently. Due to election code of conduct politicians were missing from the inauguration, MMRDA quickly completed the ceremony and opened up the link road. Direct connectivity [...] Continue Reading »
Real estate prices have remained untouched in last quarter of 2013, regardless of political uncertainty, liquidity issues, high interest rates and cautious sentiments. Property rates at Colaba, Marine Drive, Dombivali, and Ambernath went down by seven to 13 per cent whereas rates went up by 10 to 12 per cent at places like Hiranandani, Lower [...] Continue Reading »
An arm of financial services company India Infoline or IIFL, IIFL Finance, is investing Rs 150 crore in real estate developer Wadhwa Group’s township project in Navi Mumbai. Some of its clients are also investing together with IIFL Finance. The investment has been made by picking up non-convertible debentures from Mumbai-based Wadhwa group for the [...] Continue Reading »
The Bombay high court, on Tuesday asked BMC to clarify its view on the redevelopment of common buildings coming under a proposed heritage precinct. Hearing a petition by Chembur Citizens’ Forum, representing approximately 500 buildings opposing their heritage status, was a bench of Chief Justice Mohit Shah and Justice M S Sanklecha. As per the petition, [...] Continue Reading »
After so many worthless attempts of borrowing the land, the Maharashtra Housing and Area Development Authority (MHADA) is ready to issue tenders for constructing affordable housing on 67 vacant plots all across the city. In a recent review of MHADA, totaling to more than 12 hectares of land was found. An official also mentioned that [...] Continue Reading »
Evergreen Heights, Kalwa, The Address, Ghatkopar West, Anantya, Chembur; Platina, Thane and Anmol Fortune, Goregaon West are the new projects to be recently launched by the Wadhwa group. The project has flats from 1BHk to 4 BHK apartments range from Rs 69 Lakh to Rs 5 Crore. Wadhwa group offers two projects in Anmol Fortune [...] Continue Reading »
Brihanmumbai Municipal Corporation (BMC) has planned of launching an electronic web based system to stop all the parking woes in the city. The main motive is to do away with the pay and park lots and issue printed receipts to the vehicle owners in the civic parking lots. The officials in the civic body are [...] Continue Reading »
