Colaba
The esteemed and very well known Bombay high court on Tuesday was under fire when it gave out its reasons for rejecting the interim relief to Mumbai based lawyer who wanted to stop a buyer from making inroads into a posh flat in south Mumbai, Colaba. The HC vacation was moved when advocate Rajiv Bhatia [...] Continue Reading »
The state government has made the suggestion that the Western Railway (WR) elevated corridor be terminated at Bandra. This may make the project unviable due to low commuter volume. There was a difference of opinion among the railways, the Planning Commission and the state government about the elevated corridor project. After a meeting of the [...] 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 »
The Mumbai Metro Rail Corporation (MMRCL) plans to issue detailed tenders for the 32.5-km Metro-3 by July 2014 and award the project by October 2014. The cost of this project is around Rs 23,136 crore. The development of the Colaba-Bandra-SEEPZ underground metro corridor will be awarded on EPC (engineering, procurement and construction) which is expected [...] Continue Reading »
India’s economic capital has been listed as 16th most costliest property market in the world, although at a time when it is worst hit with drought in 40 years. The residential localities in South Mumbai have been adjudged as the 16th most expensive realty market in a recent global survey. The same localities were in [...] Continue Reading »
Brihanmumbai Municipal Corporation (BMC) has finally managed to recover Rs 8 crore of a total due amount of Rs 628 crore from the developers in Mumbai. After the modification of the fee structure to recover dues, the civic body is yet to recover Rs 71 crore, while the remaining Rs 549 crore will be collected [...] Continue Reading »
The real estate market in Chembur is witnessing a constant growth because of its good connectivity with other areas. It is one of the well known eastern suburbs in Mumbai. According to a Knight Frank report, in few years time, Chembur will be one of the areas witnessing a good price appreciation in properties. Properties in [...] 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 »
The power requirements in the Sion/Mahim and Colaba/Cuffe Parade area will be ensured by BEST. To maintain adequate supply of power in those areas, BEST has planned to purchase 300 MW power from Indiabulls Power Ltd for next 25 years. With the number of high rising apartments in Mumbai are increasing, the demand for electricity [...] Continue Reading »
