Developers in Mumbai
The Maharashtra Government has decided to give the developers in Mumbai an opportunity to use 100 percent of basement area in an upcoming building for parking facility. This initiative has been taken by the state in an attempt to avoid the parking woes caused by the occupancy of roadside spaces by cars. Currently, only 50 [...] 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 new industrial policy that has been sketched out by the Maharashtra Government has been highly criticized by the Opposition. They allege that the policy favours realty developers at the cost of farmers and villagers. However, Maharashtra Chief Minister, Prithviraj Chavan has defended the policy and termed it as “path breaking” which introduced Integrated Industrial [...] Continue Reading »
Titwala which is a small town located near Kalyan, Thane is fast growing as an affordable real estate destination. The locality offers 1 BHK apartments at a minimal cost of Rs 17 lakh. The area has witnessed 100% price appreciation in the last three years and the apartments in Titwala today cost double at what [...] Continue Reading »
After the demise of Shiv Sena chief Bal Thackeray, specualtions are high regarding the control of Shiv Sena over Brihanmumbai Municipal Corporation (BMC). BMC is perceived as a mini-government within Maharashtra state and it directly controls one of the World’s most costliest properties in greater Mumbai. Developers since the past few years have been relying [...] Continue Reading »
Many real estate projects in Mumbai‘s western suburbs have been halted in recent times due to the sluggish demand and new Development Control Rules (DCR). Brihanmumbai Municipal Corporation (BMC) recently came up with a list of delayed projects in Mumbai and the western suburbs accounted for 202 of the 326 stalled projects in the city. [...] Continue Reading »
A sea-facing Napean Sea apartment has been sold for Rs 39 crore to Jindals. This real estate transaction is a record in Mumbai realty sector. The 35-storied Tanhee Heights is one of the plushest residential buildings in south Mumbai. It has a swimming pool, a fitness centre, a club house and a community centre. This [...] Continue Reading »
As the state government of Maharashtra has proposed a hike in the stamp duty of the property transaction, the buyers of the residential and non-residential properties in Mumbai will have to pay a five per cent stamp duty on the market value of the property. Earlier, the stamp duty in Mumbai was charged at Rs [...] Continue Reading »
It is revealed by a survey that the home buyers in Mumbai are expecting a reduction in the cost of the properties in Mumbai. For coming out from the stagnant situation and to increase the absorption rate, the local builders have started to reduce the cost of the properties. Builders of suburb Mumbai are not [...] Continue Reading »
The real estate in India is facing imbalance wherein the realty developers and builders are bearing the burnt of it! Can you believe? The developers in Mumbai are paving way for attractive offers for their retail spaces to be filled! Free rentals for three-six months, rebates on furniture and fixtures and what more? Finding space [...] Continue Reading »
