Mumbai real estate
MUMBAI: The Supreme Court has addressed the central environment ministry to acknowledge a regularization statement registered by Adarsh Cooperative Housing Society in Mumbai following the most advanced 2018 announcement that agreements with installations in coastal zone regulation (CRZ) regions. The applications registered by the society against the April 2016 order of annihilation relinquished by the Bombay [...] Continue Reading »
In Mumbai, owners of premium apartments in the south, central and western suburbs are finding it increasingly difficult to rent out their apartments because there are not many takers for these dwelling units. The demand for plush rental apartments in the mentioned areas has apparently been on the decline of late; thanks to the lacklustre [...] Continue Reading »
There is good news for the real estate market as the banks and financial institutes are keen to lend for commercial and residential projects. Canara bank and Andhra bank and 4 other banks have formed a consortium to lend Rs 890 crore in bank finance to Mumbai based Lodha Builders for its residential project in [...] Continue Reading »
A new analysis of 12 global cities based on a range of indicators has ranked Mumbai with Moscow and Rio de Janeiro where residential real estate investment yields lowest returns and has named London and New York as the top international cities. ’12 Cities’, a report by Savills, a London-based realty major, categorize cities on [...] Continue Reading »
The BMC recently has been the cause of much public despair and angst, for considering a proposal that would bring construction activity under the purview of local body tax (LBT). The recently introduced Local Body Tax (LBT) in Maharashtra empowers the local civil body to levy taxes on traders for importing goods into the city. [...] Continue Reading »
MUMBAI: The long awaited, 16.8 km Eastern Freeway’s first phase will be open for traffic by May end. Eastern Freeway will provide a signal free drive from Orange Gate on PD’Mello Road to the Ghatkopar-Mankhurd Link Road. This freeway will not only reduce the travel time from South Mumbai and Eastern Suburbs but will also [...] Continue Reading »
Oberoi Realty, one of the renowned real estate developers in Mumbai is likely to invest in a residential project in NCR. The investment would be of small bracket of worth Rs 200 crore. Also, the group has plans of rechecking acquisitions in cities like Hyderabad and Bangalore. It has been confirmed by the company Chairman [...] Continue Reading »
Thane, a suburb in Mumbai city, is offering mid range houses. The property price in this area ranges from Rs 6,000 to Rs 10,000 per sq. ft. Thane is also known as the lake city and is well connected to Mumbai through the Ghodbunder Road and the Eastern and Western Expressways. Thane has excellent rail [...] Continue Reading »
Mumbai: Navi Mumbai, located in the eastern periphery of Mumbai, is witnessing significant fall in the property prices. The properties in this planned Satellite Township in Mumbai were observing huge demand from developers, investors and buyers, in turn making the property prices high. But now, the prices have slumped following the announcement of chief minister [...] Continue Reading »
In order to put a stop to the rising illegal constructions in Mumbai, the government has issued directives to inspect stability of both new and old buildings in urban and semi urban areas in the state. This is not the first time such an order has been issued. After a Borivli building collapsed, a structural [...] Continue Reading »
