Mumbai
The Brihanmumbai Municipal Corporation (BMC) sold the 105 lakh kg of seized plastic bags to a private firm for Rs 25 lakh for recycling them to make thick plastic bags. The BMC had seized plastic goods products thinner than 50 microns in raids and stored them in 24 godowns across the city. After the deluge [...] Continue Reading »
The city may soon record the largest transaction for commercial space with Citibank India close to paying approximately Rs 1,000 crore for space in an under-construction building at Bandra-Kurla Complex. Market sources said the bank is believed to be paying Rs 33,000 a square foot for the 3 lakh sq ft office space in the [...] Continue Reading »
After a one-year period starting in the third quarter of 2009,the Mumbai residential real estate market has been seeing a slowdown. The key reasons behind this slowdown are higher prices, higher interest rates impacting affordability, lack of liquidity, scams diluting investor sentiment – and, to a lesser extent, excess supply in a few micro markets. [...] Continue Reading »
The Brihanmumbai Municipal Corporation (BMC) plans to make things difficult for developers who procure building concessions and then misuse the space by selling it to flat buyers. Municipal commissioner Subodh Kumar has already started clearing projects by putting restrictions that clamp down on these violations. Today, most builders blatantly sell the flower bed area although [...] Continue Reading »
More than 150 persons were treated at city hospitals for injuries they suffered while celebrating Holi till Sunday evening. The KEM Hospital casualty department had 35 cases by evening. Sion Hospital received 31 cases, out of which three had to be admitted. St George Hospital received many intoxicated patients too. Some children and adults had [...] Continue Reading »
The BMC will form its own security squad to cover crews who demolish unauthorized constructions. The Brihanmumbai Muncipal Corporation(BMC) used to depend on police for demolitions of unauthorized constructions. But, due to increasing pressure on police, BMC will form its own security squad to demolish unauthorised constructions. Municipal commissioner Subodh Kumar announced the formation of [...] Continue Reading »
The Bombay High Court has stepped in to resolve a 21-year-old fight between two neighbours living in a housing society at Altamount Road. A division bench asked the BMC to depute an officer to inspect the flat of Aparna Chawalla, who stays on the seventh floor of Vijay Apartments. The dispute was over renovations carried [...] Continue Reading »
BMC to recycle, sell water for use in hosps, gardens The civic body has plans to improve the conditions of marine life and save on potable water for citizens. Sewage will be given secondary treatment and it will not be discharged into the sea. The civic body also plans to generate electricity from recycled water [...] Continue Reading »
Industry experts said the new rule (BMC proposal to bring more areas under Floor Space Index calculations) could force developers to pass on the cost ultimately to the buyers since including additional components in FSI would lead to less construction. The Maharashtra Chamber of Housing Industry (MCHI) has welcomed BMC proposal to bring more areas [...] Continue Reading »
Tech hub Bangalore tops the list in a new Morgan Stanley report on how India’s booming cities cope with problems from infrastructure to job creation. By 2030 India’s cities will be home to about 590 million people – nearly twice the population of the United States today. Its findings are based on a City Vibrancy [...] Continue Reading »
