Malad
As the companies tighten their rent of outflow and shift offices to new areas, it seems to be causing a transfer of housing realty as well. In Mumbai which is the world’s 16th costliest city to buy a home in, the luxury housing boom has spread to new locations like that of Lower Parel, Worli [...] Continue Reading »
In last 12 months, the prices of property have dropped down but still the rents of properties are increasing day by day. Some areas witnessed the increase of up to 20 percent in the rents of property. Commonfloor.com data According to the data of Commonfloor.com, the rents of property increased by 10 percent in Delhi [...] Continue Reading »
After so many worthless attempts of borrowing the land, the Maharashtra Housing and Area Development Authority (MHADA) is ready to issue tenders for constructing affordable housing on 67 vacant plots all across the city. In a recent review of MHADA, totaling to more than 12 hectares of land was found. An official also mentioned that [...] Continue Reading »
Plots in Mumbai which have been kept aside for affordable housing is being misused. More than 40% of the land has been either lying vacant or are encroached upon now. Five out of eight plots reserved for welfare centres are misused. Around 60% of plots are only used out of total. Malad-Malwani stretch in the [...] Continue Reading »
The high profile case between industrialist Nusli Wadia and real-estate developer Gopal Raheja about challenging the management rights over 460-acre land in Malad, drags on. The court has now asked Ferani Hotels, owned by Raheja, to file their affidavit supporting its claims by August 22. The court has asked Nusli Neville Wadia to submit his [...] Continue Reading »
Real estate tycoon G L Raheja won the case against industrialist Nusli Wadia as the Bombay High Court has allowed his company, Ferani Hotels, to build on land in Malad and sell the premises without any condition. Wadia, outraged by the court’s hearing, voiced that he would appeal against the order before the Supreme Court. [...] Continue Reading »
Owing to the reduced number of property sales, real estate developers of Mumbai are set to build smaller one bedroom flats. Market surveys and customer feedbacks have confirmed that there is a huge demand for 1 BHK flats. Therefore, around 1,000 one bedroom flats are being launched freshly in Mumbai. Hubtown Limited has launched 100 [...] Continue Reading »
An empty four-storey building collapsed following a heavy rainfall in Mumbai. The building Gopal Bhavan, is situated in Mamlatdar Wadi in suburban Malad. Luckily, there were none living in the apartment as the residents had already been evacuated following the declaration of the structure as ‘dangerous‘ by Brihanmumbai Municipal Corporation (BMC). Sources say that five [...] Continue Reading »
The Brihanmumbai Municipal Corporation (BMC) has decided to slot Rs-400 crore project to stop the sewage problems in Mumbai city. The project aims to improve the sewage system in low-lying western suburbs. Sewage problem in city’s low lying areas are increasing with the population. Also 48 chronic flooding spots will be tacked off under the [...] Continue Reading »
The USP of a property in Dharavi is that it can be used either for residential or commercial gains. The owner can make a good sum if he uses it for commercial purposes. If, instead, he diverts the property for residential purposes, he will charge a high rent to compensate for the loss of income [...] Continue Reading »
