Mumbai municipality
The lack of rainfall has affected the farmers very badly; however the good news is that the realty sector in the country does not seem to be affected by the possibility of deficient rainfall this monsoon. India Inc. is hoping that the job market will kick off and an improved gross domestic product (GDP) will help the [...] Continue Reading »
In order to abide by the new development control rules, developers have had to change plans and resubmit them to the BMC. This process will raise the construction cost of the properties in Mumbai. According to different real estate builders of Mumbai, this decision will increase the cost of construction of properties in a range [...] Continue Reading »
The Confederation of Real Estate Developers’ Association of India (CREDAI) has appreciated the Ahmedabad pattern of town planning for well-planned urban development. The builders association also proposed the Maharashtra government to implement the same pattern adopted by the Ahmedabad town planning authority. A proposal on the issue has already been sent to the President of [...] Continue Reading »
The size of Mumbai is increasing. According to 1991 development plan, the size of the city was 437.71 sq km. While at the latest city plan it is observed that the area of the city has been increased to 457.17 sq km. This increase happened due to the change in definition of the open spaces. [...] Continue Reading »
The developers associations in Mumbai are not expecting any price cut for the properties in Mumbai. Due to the slow approval process, high input cost and the higher lending rate of funds, it is not possible for the developers to reduce the cost of properties in Mumbai. The association of builders (CREDAI and MHCI) are [...] Continue Reading »
The Mumbai municipality issued notice to all the owners for payment of the due property tax. And the due date was 31st March, 2012. The notice surprised the owners as many of them were unaware of the due taxes. Lot of the owners purchased the apartments in Mumbai recently and at the time of sale [...] Continue Reading »
