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Mumbai developers

Home registrations hoping to recover

Home registrations hoping to recover
Home registrations have dropped by 23 percent in Jan-Nov 2011 as compared to 2010. But in the first 11 months in 2012 the home registrations remained more or less in the same level as in the corresponding period in 2011. According to the director-general of registrations, this year the city saw 52,009 property registrations up [...] Continue Reading »

Major scope for developers through education sector

Major scope for developers through education sector
Real estate players have been provided with significant opportunities as the education sector lacks physical infrastructure. The quantity of physical infrastructure and real estate development  required is as huge that education institution operators or government cannot achieve it alone. There are around 25,000 colleges and 460 universities in our country with over 144 million customers in education [...] 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 »

Builders raising up property prices to trick buyers

Builders raising up property prices to trick buyers
The property sale has not picked up but the builders are increasing the prices to attract property buyers. According to the real estate brokerage firm, Groffr.com’s report, in the last three months (August-October) the property rates have gone up almost by 6 percent. It is said that the developers are mainly hiking rates in projects which [...] Continue Reading »

Maharashtra builders warn buyers of legal action on failure in VAT payment

Maharashtra builders warn buyers of legal action on failure in VAT payment
Maharashtra builders have warned the buyers that they could invite legal action on the face of failure in payment of value added tax (VAT) on the purchases made from June 20, 2006 to March 31, 2010. The builders have paid the amount to the sales tax department and want to recover it from the buyers. [...] Continue Reading »

Mumbai real estate to become 15-20% cheaper

Mumbai real estate to become 15-20% cheaper
Experts expect that the new supply in Mumbai realty market could lessen by 20-30% than the prevailing rates as the market has been ravaged with high prices. Around 200 new projects are coming up in June – September and it is estimated that it will launch in cheaper rates. According to a real estate analyst, [...] Continue Reading »

IL&FS fund ties up with four developers to launch township

IL&FS fund ties up with four developers to launch township
A new realty project will be launched in Mumbai in the partnership of four property developers, Hubtown, Marathon Realty, Terraform Realty and Rajesh Lifespaces. A consortium has been formed called Rare Townships to develop a township titled ‘Rising City’ off eastern Express Highway in Ghatkopar area of Mumbai . The project will have two, two [...] Continue Reading »

Awareness programme on VAT issues in Pune

Awareness programme on VAT issues in Pune
Owing to confusion created in the minds of home buyers, the consumer organisations in Maharashtra have come together to address flat owners’ concern over paying the Maharashtra Value Added Tax (MVAT) to builders. Three organisations – Sajag Nagarik Manch, the Akhil Bharatiya Grahak Panchayat and the Grahak Hitwardhini have organised an awareness programme on October [...] Continue Reading »

Real estate projects in Mumbai stalled due to changed DCR rules

Real estate projects in Mumbai stalled due to changed DCR rules
Many real estate projects in Mumbai‘s western suburbs have been halted in recent times due to the sluggish demand and new Development Control Rules (DCR). Brihanmumbai Municipal Corporation (BMC) recently came up with a list of delayed projects in Mumbai and the western suburbs accounted for 202 of the 326 stalled projects in the city. [...] Continue Reading »

Battle between Rahejas and Wadias continues in court

Battle between Rahejas and Wadias continues in court
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 »



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