Mumbai Builders
Sunteck Realty Limited, Mumbai’s premier real-estate company catering to the premium and ultra premium segment in the residential and commercial space is going to launch 4 projects in Borivali, Andheri, Bandra Kurla Complex and Navi Mumbai this quarter. The total development of about 1 million sq. feet for the proposed projects will translate to a [...] Continue Reading »
A 9.99% stake was acquired by the Piramal Enterprises in Shriram City Union Finance. During one of the statements to stock exchange, Piramal based in Mumbai has mentioned that it bought a whole lot of shares of Shriram city with a considerable sum allotted for each piece. There was also a marginal discount made by [...] Continue Reading »
The esteemed and very well known Bombay high court on Tuesday was under fire when it gave out its reasons for rejecting the interim relief to Mumbai based lawyer who wanted to stop a buyer from making inroads into a posh flat in south Mumbai, Colaba. The HC vacation was moved when advocate Rajiv Bhatia [...] Continue Reading »
On Monday Dushyant Dave Senior Supreme Court advocate caused a stir in the Supreme Court when he referred to what he described as the phenomena of bench hunting in the top court. Dave to voice his concerns used the occasion of mentioning time — usually reserved for urgent out-of-turn cases. He was appearing before a [...] Continue Reading »
Majority of the builders have starting selling apartments on the basis of carpet area instead of the super built-up area after years of delay and now it has become the norm. Even the buyers are ready to pay as they have to pay for the actual area of their property. The best thing about it [...] Continue Reading »
The BrihanMumbai Municipal Corporation (BMC) has ordered a probe into all occupation certificates (OC) issued by the civic body in the last 10 years against promised rainwater harvesting systems by builders. The announcement of the enquiry came after several corporators alleged that officials of the civic building proposal department had handed out OCs to builders [...] Continue Reading »
DB Realty Ltd, which was caused in the maze of 2G scam, is on its way to make a return to Mumbai’s realty scene by launching new projects and rebranding existing ones. The company’s stock has fallen 33 per cent since February 9, 2011, when its managing director, Shahid Balwa, had been arrested by the [...] Continue Reading »
Mumbai-based real estate major Godrej Properties Ltd (GPL) will raise Rs 200 crore by issuing commercial paper. It will allow the firm to raise money from a broad set of investors at attractive rates, largely for working capital requirements. GPL sources state that commercial paper provides for better rates with a wider set of investors [...] Continue Reading »
Mumbai’s skyline is changing rapidly as more and more skyscrapers are soaring into the sky. On the backdrop of the city’s high population density, developers argue that high-rises are more convenient and hold the answer to the city’s housing problems. Until now, the 60-storied Imperial Towers at Tardeo which was built in 2010, is the [...] Continue Reading »
As real estate is going through a crisis specially in cities like Mumbai, builders are struggling through the bureaucratic hurdles involved in getting a project cleared. The builders are forced to go through a tangled clearance procedure as they have to approach a host of state and central departments that take their own time clearing [...] Continue Reading »
