Mumbai
The Mumbai government appointed a committee to take care of the low-cost rental housing scheme and this was proposed by the Mumbai Metropolitan Region Development Authority( MMRDA). The scheme of providing shelter for the poor people in the city who could not afford to pay high rental rates. This project aims at providing accommodation for the slum dwellers in [...] Continue Reading »
In Mumbai nearly 400 Air India employees, who bought company flats in Nerul in 2004, are still waiting for a precious No Objection Certificate from CIDCO. Intervention by the High Court hasn’t helped, as the govt bodies indulge in rampant red-tapeism. In the past seven years, the condition of their homes has deteriorated too, with [...] Continue Reading »
Mumbai Metropolitan Region Development Authority (MMRDA) officer reported saying that the monorail will start in November. The State chief secretary, Ratnakar Gaikwad has informed MMRDA to have thorough check before its in the use of the city public to avoid further chaos. The monorail project from Chembur to Wadala is claimed to be ready to be used by [...] Continue Reading »
National Housing Bank (NHB) chairman and managing director RV Verma reported saying that the Housing loans seems to be slightly discomforting as buyers feel there is no way of getting properties at the affordable prices. The central bank recently has increased short-term rates and this hike has been recorded within a span of 18 months. [...] Continue Reading »
In Mumbai and Ahmadabad single women professionals in the city from now on wards need not face accommodation woes. The city-based property dealer Tulja estate has proposed the concept of a hotel that suits exclusively for working women and students. Women are now freed from messy hostel rooms and also the time restrictions which has been in [...] Continue Reading »
In many cases, renting and furnishing a conventional flat would be too complicated, taking a hotel room would be too expensive. Nowadays, serviced apartments are available in many major cities and in several most economically strong regions.Many companies are tying up with the owners to accommodate their employees. The serviced apartment is not only close [...] Continue Reading »
A petition which was filed by a social activist against the builder who was found misusing the land is pending in the Bombay high court. The petitioned states value Rs 30,000 crore as a fraud money. The Mumbai Metropolitan Region Development Authority (MMRDA) is providing a clean chit to the builder involved in the Powai land case. [...] Continue Reading »
Maharashtra State Road Development Corporation (MSRDC) started the construction of the S-shaped flyover in the year 2006 but, its cost escalated till now is around Rs 25 crore and by the end of November, 2011. BPO manager Rohan Pawar reported saying that there is a need for the commuters to wait for a long time at [...] Continue Reading »
The road surfaces in Mumbai, especially those which are uneven near the main road junctions are equally flooded with heavy traffic. Mumbaikars are spending prolonged hours spending at heavy traffic junctions. The drive from the main Mumbai town to Andheri (W) is a slow ride. The never-ending queues of vehicles at Andheri flyover and Burfiwala junctions, are [...] Continue Reading »
Reserve Bank of India (RBI) home loans are increasing frequently resulting in the people being dissuading from buying houses. Sanjay Dutt the CEO of Jones Lang LaSalle India reported saying that the home loan interest hike will decrease the construction activity directly impacting on the real estate sector. Few smaller builders will find edged out of [...] Continue Reading »
