Mumbai
Banks are a large source of funds for the housing finance companies (HFCs) and an increase in their lending rate would push up the cost of funds for the HFCs. Since the latest round of monetary tightening by RBI last week, a host of banks and lending institutions have raised their rates and HDFC is [...] Continue Reading »
We all know that builders do violate a few big and small Floor Space Index (FSI) norms. But due this, home buyers have to suffer. Similar situation happened when there was a CID inquiry being conducted into alleged violations of FSI norms in the apartments on Palm Beach Road, Mumbai. Some residents seem to know [...] Continue Reading »
In the current environment, renting an apartment works out to be much cheaper than outright purchase.It’s the newer properties where one notices sluggish sales because of their high rates. A trend of buyers look at old properties with a substantial number translating into sales. Not surprising then that corporates who own flats in such good [...] Continue Reading »
In Mumbai, motorists have been plagued by the bad roads, with traffic being delayed and vehicles damaged. People have faced health problems, too, with back ailments on the rise. Critics said the BMC chief was surrendering to fate by blaming the rains for poor pothole repairs. They said the city is being left to the [...] Continue Reading »
In Mumbai, Rs 10.08 crore was spent on a 4-BHK apartment with an area of 2,771 sqft on Senapati Bapat Marg. This 33rd-floor apartment is housed in an under-construction residential tower touted to be among the most sought-after properties in the area. This works out to a per sq ft price of Rs 36,400, which [...] Continue Reading »
The BMC (Mumbai corporation) has given assurance that potholes and bad patches will be filled up by August 15. Our officials will carry out road repairs before the start of Ganesh Chaturthi. Since it has been raining continuously, we could not do it so far, but now there is a dry patch,” additional municipal commissioner [...] Continue Reading »
In the early days, buildings were sold by carpet areas. In the 1960s, buildings began to be sold by built-up area (BUA), which includes walls and some passages, but excludes lifts, staircases, common passages, flowerbeds and other non-living spaces. The built-up area counted in the floor space index (FSI) was between 10% and 20% more [...] Continue Reading »
As the 2012 civic polls are nearing, BMC general body has planned to name 43 chowks, gardens and roads across the city. Most of these chowks are T intersections that didn’t have any nomenclature before. Now, they sport some long-winding names and tongue twisters. Observers were surprised that all the requests were cleared in one [...] Continue Reading »
The Bharat Nagar slum development project in Bandra-Kurla Complex will see around 23,000 sq metres of land being cleared of hutments in the BKC business district. In its place, multi-storey towers will come up to house around 1,000 slumdwellers. The petition filed by Rafique Sayyed and three others had objected to the slum rehabilitation project [...] Continue Reading »
Corporators say that the change in the development control rules (DCR) and plan to do away with the civic chief’s discretionary powers and bring lift spaces, flower beds, ducts, upper-level car parking, voids and so on, under chargeable FSI, will hurt the common man. While the builders are angry that the BMC has decided to [...] Continue Reading »
