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Flats in Mumbai

Mantri realty set to launch 6 new projects worth Rs 1500 cr

Mantri realty set to launch 6 new projects worth Rs 1500 cr
Mantri Realty is all set to invest Rs 1,500 crore on six housing projects within the next few months. The realtor is planning to develop around a total of 2,300 flats in Mumbai, Pune, Bangalore, Gwalior and Solapur in the next three years. The demand for a project will be good if provided with good [...] Continue Reading »

Flats in Mumbai with illegal changes to be spotted

Flats in Mumbai with illegal changes to be spotted
BMC is coming up with a new mechanism to find out and demolish the illegal constructions or the changes that have been done in a building or apartment in Mumbai by making a special team of officials who will be responsible for eradicating such structures. This motion will be public from May onwards where at least [...] Continue Reading »

Stamp duty collection to rise with high value property deals

Stamp duty collection to rise with high value property deals
With the increasing property deals of high value in the state, it has been forecasted that the stamp duty collection is also going to boost up. As per Inspector General of Registration and Controller of Stamps, revenue generated from stamp duty will be around Rs 2000 crore in the financial year 2012-13. However, the property [...] Continue Reading »

Flats in Mumbai to witness hike in stamp duty

Flats in Mumbai to witness hike in stamp duty
A bad news is in store for tenants and owners of flats in Mumbai! Stamp duty is going to be dearer for flats in the city after the recent announcement of budget by state finance minister on 20th of March. The hike in stamp duty will be applied for both rentals as well as leave-and-licence [...] Continue Reading »

Affordable homes in Mhada buildings to have policy soon

Affordable homes in Mhada buildings to have policy soon
The Chief Minister of Maharashtra has ensured in the legislative assembly that the new policy for Maharashtra Housing Area Development Authority (Mhada) redevelopment along with norms will be issued soon. Also, the state government has decided to not charge premium for Mhada redevelopment projects as against extra floor space index (FSI). The plan has been [...] Continue Reading »

Flats in Mumbai to cost more with the new Budget: Experts

Flats in Mumbai to cost more with the new Budget: Experts
With the introduction of Union Budget 2013, experts have claimed that the incentives will be of no use for home buyers in Mumbai. The real estate incentives are also claimed to create some problems with the buyers as the flats will cost more due to 1% tax on transfer of properties in Mumbai. To make things [...] Continue Reading »

Real estate bill ignored by consumer activists

Real estate bill ignored by consumer activists
Mumbai- Although the sate and central government is making fresh norms to protect home buyers from the greedy builders but consumer activists feels that they are very much comfortable with the existing laws. They doubt the success of new laws and believe that the existing laws are enough to guard them from frauds. The existing [...] Continue Reading »

Lodha Group goes for smaller and affordable flats

Lodha Group goes for smaller and affordable flats
The real estate developer Lodha Group goes for smaller and affordable flats due to the slow sales in Mumbai. Due to the sluggish demand, Lodha Group is planning to sell its upcoming premium residential project on a first-come-first-serve basis in Worli, Mumbai. The project is centrally located and well connected. Lodha group will start distributing [...] Continue Reading »

India Inc. fights against black money in realty

India Inc. fights against black money in realty
Ulwe, a village with mess and uneven streets in the outskirts of Mumbai which even lacks basic facilities but flats in that area will cost you a bomb. The cost of the flats is beyond the reach of mediocre family. Home buyers who were planning to buy in this area said that many builders demand [...] Continue Reading »

Two adarsh flats under scanner

Two adarsh flats under scanner
The two adjacent Adrash flats have come under the scanner of the Adarsh judicial commission. The flats were financed by the Kolhapur-based builder Umesh Shinde. Vishwas Chougule, a retired teacher was allotted flat number 1904, while his former colleague Raghunath Bhosale was allotted a neighbouring flat in Adarsh. Shinde, who runs Raj Devendra Construction Ltd, [...] Continue Reading »



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