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Mumbai

Mumbai airport construction needs slum dwellers to be relocated

Mumbai airport construction needs slum dwellers to be relocated
With the current proposals on slum rehabilitation around the Mumbai airport going nowhere, the civil aviation ministry is proposing a plan to relocate slum dwellers around the airport on the land to be freed, post the removal of slums. According to the civil aviation ministry plan, which has the approval of civil aviation minister Ashok [...] Continue Reading »

Mumbai: CM’s quota misused big time by prominent politicians

Mumbai: CM’s quota misused big time by prominent politicians
Some heavy weights in politics are going to face the wrath of the Maharashtra state government soon. The state government has prepared a list of 26 people, including prominent politicians, who will face action for occupying more than one flat under the chief minister’s quota by producing false affidavits. The state found 52 such cases of [...] Continue Reading »

Mumbai Metro master plan revised to link Mumbai, Navi Mumbai airports

Mumbai Metro master plan revised to link Mumbai, Navi Mumbai airports
The Mumbai Metro master plan has been revised by the Maharashtra Government. The decision to revise the Metro master plan has been taken by the government to ensure that the Chatrapati Shivaji International Airport in Mumbai and the proposed international airport at Panvel in Navi Mumbai are directly connected. As a result of the revision, [...] Continue Reading »

Mumbai: More than 15 new projects currently underway in Kandivali East

Mumbai: More than 15 new projects currently underway in Kandivali East
According to the statistics with Major property portals, more than 15 new residential projects are scheduled to come up in the Kandivali East area of Mumbai in the coming years. The residential projects currently underway at Kandivali East are at different stages of construction. Some of the projects will likely be delivered to the buyers [...] Continue Reading »

Sahara finalised the Mumbai suburbland deal

Sahara finalised the Mumbai suburbland deal
Once Sahara India was a profit making company and was an apple in the eyes of the investors. And today unfortunately the company’s chief is in the Tihar Jail since March and trying hard to sell off its Indian and International properties to pay for the bail. Four months after it sold its 104-acre land [...] Continue Reading »

BlackSoil Realty Fund makes a good maiden investment

BlackSoil Realty Fund makes a good maiden investment
Private equity fund BlackSoil Realty Fund–I has completed its maiden investment of Rs. 30 crore in real estate firm Sheth Developers through a mezzanine structure. Promoted by Shashi Kiran Shetty, Chairman and Managing Director of Allcargo Logistics, and Gnanesh Gala, Managing Director of Navneet Education, the fund has its focus on the Mumbai, Navi Mumbai [...] Continue Reading »

This festive season to bring cheer to realtors

This festive season to bring cheer to realtors
For the last 2 years, the festive season did not see a surge in demand in the residential real estate sector. However this year there is some cheer in this field and the property consultants are speculating that the property discounts will get real this festival season, after a gap of about two years. Mobile phones [...] Continue Reading »

Mumbai property market has remained steady despite being slow

Mumbai property market has remained steady despite being slow
In the last six months the property sales have been very low in Mumbai and lesser project launches as compare to this time last year which indicates a half yearly report by the real estate research firm PropTiger. Although the figures look bleak the reports suggest that in fact it is a good time for [...] Continue Reading »

HCC planning to repay debt by raising money

HCC planning to repay debt by raising money
Ajit Gulabchand who is the chairman and managing director at the Hindustan Construction Company is setting out a plan in order to raise Rs 1,500-2,000 crore to pay the debt and get the Mumbai-based construction and engineering company out of the corporate debt restricting the cell ahead of the schedule. He further stated that he [...] Continue Reading »

Eco-friendly environment is becoming future realty

Eco-friendly environment is becoming future realty
A large amount of the resources go into the construction and maintenance of the buildings. This has become all the more for green buildings given the fact that there is a premium on including eco-friendly features. Mumbai for instance consists of around 20 percent of the green buildings in India and the fact is that [...] Continue Reading »



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