Mumbai
Maharashtra government is all set to have a first-of-its-kind housing regulator. Orders can be passed by the regulatory body so that 10 per cent of the total project can be transferred to buyers who can sell it further in the market to cross-subsidise the construction cost. To achieve this, builders will not be allowed to [...] Continue Reading »
The ultimate status symbol the city’s ultra rich is living in a bungalow. Penthouses and sky villas with 360-degree views aren’t really impressive to them. In 2011, industrialist Sajjan Jindal bought Maheshwari House — a sea-facing, three-storey bungalow having a porch and a garden at Nepean Sea Road. The cost was estimated to be Rs. [...] Continue Reading »
Kolte-Patil Developers, one of the biggest realty developers in Pune has entered into agreements for two redevelopment projects in Mumbai’s western suburbs. The cumulative area of both the suburban redevelopment projects is around 600,000 sq ft, the company said in a release. The first project for redevelopment is that of Jay Vijay co-operative housing society at [...] Continue Reading »
The major factors mid-income home buyer considers before hunting for a house are low maintenance and budget. Property rates have been high in Mumbai from very long time. Marol, Andheri East is witnessing huge demand for 1-BHK apartments. This locality is a well known commercial hub of the city and has MIDC industrial area, Seepz, [...] Continue Reading »
Mumbai-based Neptune Group and Lodha Developers are looking to Gammon India’s 185 acre land in Dombivli. They have also submitted their offers for the same. The plot is about 185 acre in size and was put on the block in mid 2013. It has been learnt from the sources that the offer of the Neptune [...] Continue Reading »
Three persons have been accused of forging documents and signatures to construct an illegal four-storey building in Belapur. A police complaint has been registered by town planning department of Navi Mumbai Municipal Corporation (NMMC). Two brothers — Narayan Chavan (70) and Khimaji Chavan (62) – have been arrested by the CBD police for constructing the [...] Continue Reading »
Banks and financial institutions are threatening the developers to auction their properties worth thousands of crores in case of failure of loan repayment. In one of the latest cases, over two dozen nationalized banks, led by United Bank of India (UBI), are auctioning the properties of barely Rs. 31 crore worth while trying to recover [...] Continue Reading »
Sahar elevated road corridor and Terminal 2 of the Mumbai international airport was opened for the public on Feb 11. Sahar elevated road is a 2.2 km stretch connecting Western Express Highway (WEH) with the new Terminal 2 of the International Airport. It was inaugurated by Maharashtra Chief Minister Prithviraj Chavan. He pointed out that [...] Continue Reading »
A repeat land acquisition notice has been issued by BMC to a home for the dying and destitute in Santa Cruz. The notice requires them surrender part of its compound for road-widening. The activists, however, point out that the traffic bottleneck is near the station, not the hospice. Providing shelter to 65 mentally disabled inmates [...] Continue Reading »
Amidst skyrocketing property values, owning a house in Mumbai has become a dream for many. But now, Panvel and Ulwe offer several options within the budget range of Rs 20-40 Lakhs without compromising on connectivity and social infrastructure. On being asked the reason behind a high demand for property in the area, Aditya Deepakdas, a [...] Continue Reading »
