Khar
Pune-based realty player Kolte-Patil Developers is expecting nearly 20-30 % of its revenues from the redevelopment market in the next three years. Mumbai’s residential redevelopment market is growing big as many old societies are taking up the renovation and redevelopment work. The government too has identified many housing societies which need immediate redevelopment to ensure [...] Continue Reading »
Gopal Raheja fought his son Sandeep Raheja and daughter-in-law Durga until his last breath in March but the real estate tycoon has left all his estate and properties to his son. Raheja is the founder of Rs 11,000-crore worth realty group. He had accused his son, Sandeep Raheja, of trying to usurp his entire business [...] Continue Reading »
On Tuesday, Gopal Raheja of GL Raheja Group died, who was among the first professional property developers in the country, patriarch of the 11,000-crore.The actual reason for his death is not known though he was 80 and was ailing for some time now. An active real estate developer since the 1960s, Gopal Raheja was mainly [...] Continue Reading »
In India, where the bureaucracy is often criticized to be working under political pressure or in nexus with the lobbies, a bureaucrat’s action would be appreciated to work out a solid construction approval system in Mumbai. The influence of the powerful builders’ lobby in Mumbai has been curtailed due to the firm steps taken by [...] Continue Reading »
Christmas 2011 had been a fruitful festival for the Bandra-Khar residents. They received a genuine Christmas gift as an Eco-Garden. Due to Union Park Residents’ Association (UPRA) interference, the long dried garden could transform into a presentable situation in Union Park. An amount of around Rs 1.18 crore was spent from area development park for [...] Continue Reading »
Homi Patrawala, a fort-based developer in Mumbai was arrested for cheating on a purchase of a bungalow plot at Khar. This developer was held for duping Ashok Mohanani of the Ekta Group for a sum of Rs 6.5 crore. The economic offences wing (EOW) of the Mumbai police after a detailed investigation, came to a [...] Continue Reading »
In the era of property prices shooting up, it is not at all surprising if a 4 BHK flat is sold for Rs 7 crores! In Mumbai, a residential suburb at Khar inclusive of 4 BHK apartment was recently sold for approximately 7 crores. All the modern facilities with Italian marble flooring and modern light [...] Continue Reading »
Brihanmumbai Municipal Corporation (BMC) will be stopping the water supply to the western suburbs on December 8 and 9, 2011. BMC has decided to replace the water pipes and the works might be carried over to other couple of days, therefore has asked the residents of Mumbai to co-operate with the same. Some areas like; [...] Continue Reading »
BMC Chief tightens screws on builders seeking concessions and contended that many builders later misuse concessions and sell space not included in the building’s floor space index (FSI). Civic chief Subodh Kumar has rattled the construction industry by routinely rejecting or drastically reducing concessions sought by builders. The BMC has refused to clear the project [...] Continue Reading »
