Mumbai Metropolitan Region
Mumbai Metropolitan Region (MMR) is the 2nd largest city in terms of stuck housing projects with 92,000 housing units, while NCR (National Capital Region) has 1.76 lakh housing units stuck. Experts assume that the maximum commitment through the government’s Rs 25,000-crore aid can be reached in this region. The city has the capacity to attract [...] Continue Reading »
CommonFloor compared the apartments launched from 2010 to 2014 in its report “Reducing Apartment Sizes Across Major Metros – A Report” and inferred that apartments sizes have reduced in the last four years. While MMR witnessed a fall of almost 7 per cent during 2011 and 12.4 per cent in 2013, NCR witnessed a fall [...] Continue Reading »
Around 400 projects across the Mumbai Metropolitan Region (MMR) are awaiting appraisal for environment clearances since July since the regulatory body has remained non-functional for two months. These projects not only pertain to real estate development, but also to information technology parks, commercial hubs, college expansion and hospital revamp plans. They are pending appraisal by [...] Continue Reading »
Sumit Jain, the Co-founder and CEO of CommonFloor.com has observed an interesting trend over the last one year in the Indian real estate market. There is an increased demand for ready-to-move-in properties. The main factor which is responsible for this rise in demand is the inordinate delay in project delivery. Due to this the home [...] Continue Reading »
The Mumbai Metropolitan Region Development Authority (MMRDA) has completed the tendering process for constructing the estimated R245-crore creek bridge between Mankoli and Motagaon on the Ulhas creek, it said in a statement. The construction of this 1,266 metre long bridge is expected to commence soon and is slated to be complete in three years. The [...] Continue Reading »
Sumit Jain, the Co-founder and CEO of CommonFloor.com has observed an interesting trend over the last one year in the Indian real estate market. There is an increased demand for ready-to-move-in properties. The main factor which is responsible for this rise in demand is the inordinate delay in project delivery. Due to this the home [...] Continue Reading »
The launch of new residential projects and absorption of dwelling units that are ready or under construction fell to a two-and-a-half-year low till May. This is the latest month for which data is available. A total number of 22,290 dwelling units were launched between April and May in the seven key Indian real estate markets [...] Continue Reading »
The very few remaining pockets of the wetlands, creeks and mangroves in the Mumbai Metropolitan Region, which are home to a large number of threatened bird species, have been facing destruction problems from the unplanned developmental activities. The wetland is facing destruction which is in turn hampering the natural habitat of several bird species. In [...] Continue Reading »
The government of Maharashtra has shown interest in starting off with the third phase of Metro. The experts and the advisers on the other hand have a feeling that the metro line does have a couple of flaws. Because of this, they have gone ahead and protested against the current norms in constructing the underground [...] Continue Reading »
Through a newly formed category named as alternative investment funds (AIF), HDFC Mutual Fund plans to raise up to Rs1,500 crore for real estate. The asset management company will raise the money through a new division that is expected to be called HDFC AIF, according to two persons who are familiar with the matter. An [...] Continue Reading »
