Mumbai
On Sunday, the water main attached to Upper Vaitarna has developed a 12-inch leak on its wall. As it is one of the main sources of water to the city, a 25% cut in the supply will be imposed on Fort, Marine Lines, Malabar Hill, Dadar, Parel, Bandra (east), (west) and Andheri (east), (west). The [...] Continue Reading »
A pedestrian-controlled signal allow walkers to change traffic lights at pedestrian crossings with just a push of a button, reducing their waiting time. The system will be introduced at seven spots in south Mumbai. Imperceptible telephone-sized boxes on traffic poles that worldwide have given pedestrians a say in the way traffic works are finally making [...] Continue Reading »
The urban development (UD) department is likely to announce revised incentives to make conservation of heritage structures and precincts a lucrative option. The Mumbai Heritage Conservation Committee (MHCC) has already submitted a proposal, chief minister Prithviraj Chavan indicated that the state government was likely to approve the proposal, when he stated that a notification on [...] Continue Reading »
Birla Sunlife to put Rs 250 cr in realty— three in Mumbai and one in Chennai —through its realty-focused fund. Birla Sun Life to invest in three real estate projects in Western suburbs of Mumbai and one real estate project in Chennai. “We have clocked around 20% return on our investment and hope to do [...] Continue Reading »
The Mira Bhayander Municipal Corporation (MBMC) are selective in targeting builders who flout occupation certificate (OC) norms. Small-time builders alleged that they were being harassed and threatened with police complaints by the municipality. While FIRs are being filed against small-time builders, no cases have been so far registered against the big developers who have massive [...] Continue Reading »
The Pune Special Cell held gang of fraudulent real estate managers for cheating more than 200 people in Delhi and Pune of crores of rupees. The fraudulent real estate managers tricked people into buying land in Masharashtra towns at ‘low rates’ and fled. “With the arrest of one Arvind Kumar, a resident of Paschim Vihar, [...] Continue Reading »
The slack in demand due to slower sales and tardy implementation of infrastructure projects has slowed demand for cement used to build reinforced concrete roads, dams, bridges and houses. Leading cement manufacturers have started offering discounts of as much as Rs 10-20 per 50 kg bag in the last two months as slow sales begin [...] Continue Reading »
Sensible economics suggests that if developers can’t sell at high prices, they should cut rates and find buyers. Anecdotal evidence suggests that many builders are selling land holdings to finance loans, rather than cut prices. This too is good, because it will bring more land back into the market, creating further pressure for property prices [...] Continue Reading »
Taking over as the new president of MCHI (Maharashtra Chamber of Housing Industry), Paras Gundecha has stressed the need for an image makeover for the entire developer community and remarked that a code of conduct would go a long way in earning goodwill for the fraternity from all quarters. “The new committee would be keen [...] Continue Reading »
Mumbai School Bus Owners’ Association sought to increase the school bus fee by over 40% in the new academic year. SBOA members and other bus owners are planning to meet the transport secretary and government officials on Friday. Hike in petrol prices to get worse for parents of school-going children. The School Bus Owners’ Association [...] Continue Reading »
