Mumbai real estate
Omkar Realtors has taken the slum redevelopment projects as their major business model. In 2003, the Omkar Realtors entered the redevelopment projects for the Mumbai slums. As of date the builder has already redeveloped 2.5 million sq ft of slums and targeting to reconstruct more than 20 million sq ft of slums by 2016. Redevelopment [...] Continue Reading »
With the proposed rise in the stamp duty for leave and license agreement in Maharashtra, the cost of rented apartments in Mumbai will increase. The government has increased the rate of stamp duty from 0.1 % to 1% for the current financial year. According to the real estate analyst, this decision will impact the rental [...] Continue Reading »
The Mumbai Police rescued a real estate broker from the boot of a car. Police said the real estate agent took money from the persons who abducted him, but failed to provide the apartments in time. The Broker named Samit Ghangale thanked the Mumbai police for saving his life. He also added that he had [...] Continue Reading »
The sale outflow of apartments in Mumbai real estate has slowed down. It is observed that the residential apartment sales in Mumbai has dropped by 28 percent during last 1 hour. Right now Mumbai realty market has plenty of unsold apartments in and around the city. However, in the experts view all the apartments will [...] Continue Reading »
The Mumbai real estate has set a best example warning the property buyers not to book flats even before the project is launched! Property buyers who follow this trend is sure to get into big time trouble. Certain builders in the city who had taken money from the property buyers promising them to large the [...] Continue Reading »
The Brihanmumbai Municipal Corporation (BMC) notified that any residential and commercial projects near Arthur Road Jail must obtain clearance permission from the central jail. Accepting the necessity of safety and security, the builders expressed their concern in additional delay in projects. The real estate industry thinks that the government is making the processes more complicated [...] Continue Reading »
Mumbai is soon going to witness a growth in realty sector by some of its developers. The city based real estate developer, Ajmera Realty and Infrastructure has plans of expanding its investment zone by around Rs 1000 crore in real estate and power sectors. Their plan will get placed within five years as they are [...] Continue Reading »
According to a recent report by global property consultant Knight Frank, the sale volumes in Mumbai has plummeted more than 70 per cent since 2007. The drop in transaction volumes has hit the Central Mumbai market the hardest. The quantum of unsold inventory makes up over 40% of the units launched in this micro-market. Total [...] Continue Reading »
Sahara Group negotiated the Rs 70 crore a year Rent deal for commercial property at Bandra-Kurla Complex. The deal, touted as the highest ever for a commercial property in terms of annual rent. According to real estate sources, the UP-based Sahara Group negotiated the deal for a lease amount of Rs 225 a sq ft [...] Continue Reading »
Mumbai property buyers are ready to pay a lot more for a flat if it affords them a room with a view. Those seeking an apartment in central Mumbai love their flora and are willing to shell out the most if it falls in a quiet corner of the neighborhood with a garden nearby. Mumbaikars [...] Continue Reading »
