Chembur
Unconvinced with the new way of calculating property tax, citizens in Mumbai are planning to move to Bombay High Court regarding the same. The new method is based on the capital value-based system. The major concern of the residents lies with the ground realities which affects a property’s price, are not taken into consideration in [...] Continue Reading »
One of the India’s largest real estate companies maintained privately by Hiranandani brothers is eyeing on new opportunities in the real estate segment for growth. The younger brother, Surendra Hiranandani is now set to launch his first redevelopment project in Mumbai.With this project, it will be an initiation of departure from his company House of [...] Continue Reading »
A state government resolution which was issued five years back in Mumbai has come into limelight again. The same resolution now is going to affect over 3,000 housing societies in the city which stand on the land of the collector’s office allotted decades ago. Most of these societies were built in the 1960s and the [...] Continue Reading »
Monorail project in Mumbai has again missed its deadline. The mono line between Chembur and Wadala is now going to be functional by August instead of January 2013 as announced by Maharashtra Chief Minister Prithviraj Chavan. The project implementation started in 2008 and this is the third time the project is getting delayed. Mumbai Metropolitan [...] Continue Reading »
According to Knight Frank report, the real estate sector will continue to remain a good investment destination with properties in several residential areas in selected cities likely to appreciate by 91-145 per cent over the next five years. High possible return on investments ranging between 18.6% and 29% per annum over the next five years [...] Continue Reading »
Areas such as Wadala and Chembur in Mumbai and Ulwe in Navi Mumbai are the top residential locations to invest in and Knight Frank has predicted a rise of 133%, 125% and 145% in these areas respectively in recent years. Cities like Mumbai, Bangalore, Chennai, the national capital region (NCR) and Pune are identified as [...] Continue Reading »
A recent survey by broking house Karvy shows that old apartments in Mumbai have more resale value and provide better investment opportunities as compared to new properties. The survey included inspection of 65 Mumbai and suburban properties. The higher resale value attributes to redevelopment prospects of the old properties. Also the fact that new projects [...] Continue Reading »
The online property registrations were severely affected due to a server crash at the sub-registrar’s office in Chembur, Mumbai. The areas include Kurla, Powai, Sion, eastern and central suburbs. Officials said that the server was suffering from technical issues from the past week and that there were efforts being put to restore it. The daily [...] Continue Reading »
(GPL) launched a luxury residential project ‘Godrej Serenity’ at Chembur, Mumbai on Tuesday. Godrej Serenity will include a 17-storey tower comprising 3 and 4 BHK luxury apartments and 2 exclusive duplex penthouses. It will offer modern lifestyle amenities like a clubhouse, which includes a swimming pool, a steam room, a sitting room, a pool table [...] Continue Reading »
Godrej Properties has planned to launch 15 new real estate projects across India. The builder will launch all the projects in 2012-13. According to an official of Godrej properties, all these projects will be launched in 12 cities where they have worked earlier. Among the 15 projects, 10 will be constructed in a joint development [...] Continue Reading »
