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Flats in Mumbai

50 percent owners of MHADA flats are still waiting for possession

50 percent owners of MHADA flats are still waiting for possession
MHADA has sold 11267 flat in Mumbai through lottery in last three years. It is found that still 5505 flat owners are waiting for getting the possession of the flats. MHADA had announced the results of another lottery, though; none of the winners of the 2011 lottery have managed to get the keys to their [...] Continue Reading »

Cost of property in Mumbai might rise in next quarter

Cost of property in Mumbai might rise in next quarter
It is reported by a real estate consulting firm that the cost of residential property in Mumbai will start increasing in coming months. The demands for the affordable apartments are increasing, which will help the builders to keep the cost of the properties higher. The report has also said that the cost of properties in [...] Continue Reading »

More than 2500 affordable homes will be offered in MHADA lottery

More than 2500 affordable homes will be offered in MHADA lottery
More than 2500 people will get their affordable homes in Mumbai. A total of 1.5 lakh people had applied for 867 houses in Mumbai and 1,726 houses in Mira Road. Flat winners will have to pay 3.09% as VAT and 1% as service tax in addition to the cost of the house. The Maharashtra Housing [...] Continue Reading »

MHADA flat allotment in Mumbai

MHADA flat allotment in Mumbai
Under the MHADA housing scheme, the state government provides low cost and affordable flats in Mumbai to those who have not been able to buy a flat despite residing in Mumbai for years. The Government has claimed that allotment of flats under the Maharashtra Housing and Area Development Authority‘s (MHADA) scheme were done in a [...] Continue Reading »

Modifications in Maharashtra’s Rental Housing Scheme

Modifications in Maharashtra’s Rental Housing Scheme
The Maharashtra government, plans to implement the recommendations of the Asthana Committee in the rental housing project. The project involves construction of 5 lakh flats in Mumbai Metropolitan Region (covering some areas in nearby districts) and giving them out on rent. The rent for these flats is expected to be Rs.800 – Rs.1,500. The rental [...] Continue Reading »

Unsold flats need three years to get home buyers in Mumbai

Unsold flats need three years to get home buyers in Mumbai
The number of unsold flats in Mumbai are increasing day by day. With the increase in the cost of apartments, the rate of sale in reducing. Still the builders are not showing any interest in reducing the cost of the properties. They are hoping for a better price appreciation in future time. It is estimated [...] Continue Reading »

Homebuyers expecting reduction of apartment prices

Homebuyers expecting reduction of apartment prices
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 »

Mumbai housing societies refusing to rent apartments to TV actors

Mumbai housing societies refusing to rent apartments to TV actors
As a result of the Arunkumar Tikku and Karan Kakkar murder case, the housing societies in Mumbai are refusing to allot flats to the singletons and small TV artists. Many TV actors are getting notice from the apartment communities in Mumbai to get their parents or vacate the places. The real estate agents are also [...] Continue Reading »

Extended suburbs are new destination for home buyers in Mumbai

Extended suburbs are new destination for home buyers in Mumbai
Everyday people have to travel more in crowded local trains in Mumbai, still they are looking for residential properties in suburban Mumbai and extended part of it. People are expanding their home buying options in Kalyan, Dombivli, Boisar, Vasai, Virar, Titwala, Shahad, Vasind, Ambarnath, Karjat, Pen and Khopoli. As the cost of properties in Mumbai [...] Continue Reading »

MHADA will distribute 3000 affordable homes

MHADA will distribute 3000 affordable homes
The Maharashtra Housing and Area Development Authority (MHADA) has planned to sale 3,000 affordable houses in the market this year. Among the 3000 flats, 2674 flats will be distributed among low income groups, while 174 are made for higher income group. The remaining flats are kept for middle income group. The application forms will be [...] Continue Reading »



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