Mumbai
Private equity (PE) investments in real estate are showing an uptrend in recent times despite the slump in real estate in India. As per Real Estate Investment Market Report by consultant Cushman and Wakefield, the trend in investments has rose to 7 percent in 2012 resulting in Rs 6,200 crore. Most of the investments were made in ready income generating [...] Continue Reading »
The real estate market in Chembur is witnessing a constant growth because of its good connectivity with other areas. It is one of the well known eastern suburbs in Mumbai. According to a Knight Frank report, in few years time, Chembur will be one of the areas witnessing a good price appreciation in properties. Properties in [...] Continue Reading »
The new property tax system by Brihanmumbai Municipal Corporation (BMC) has been opposed by the real estate builders. The developers have even showed their support to consumer associations protesting against the tax system. According to the new system, the property tax is computed based on the capital value of the property as against the earlier system of going [...] Continue Reading »
Despite cuts in interest rates in home loans by banks, the growth in this segment has dipped as against previous years, as per Reserve Bank of India’s credit data. The trend of availing home loan to the housing sector was 13.3 percent in January 2012 which has dipped down to 12.3 percent in January 2013. One reason for [...] Continue Reading »
Hindustan Unilever Ltd (HUL) is now thinking of disposing of its residential properties and plots after selling/leasing out its commercial properties last year. The consumer goods giant is focusing on selling these properties basically in the metro cities which can garner revenue of Rs 100 crore. About two dozen apartments and land parcels in posh [...] Continue Reading »
Brihanmumbai Municipal Corporation (BMC) has given a relief to the residents of Mumbai by announcing an extension in dates for payment of property tax. Now, the last date for paying the new capital value based property tax is extended by three months. However, an official announcement is yet to be made. For many days, citizens [...] Continue Reading »
Around 47 residential real estate projects in Mumbai have been stalled as they have not followed the green norms as advised by the union environment ministry office. The construction work of these projects have been stopped due to their non-adherence with the environmental laws. These properties in Mumbai have been stalled for more than 12 [...] Continue Reading »
Residents of housing societies in Mumbai are planning to stage a dharna and one day hunger strike at Azad Maidan to protest the new property tax system. The major concern of the residents lies with the ground realities which affects a property’s price, are not taken into consideration in the ready-reckoner rates. They claim it [...] Continue Reading »
With the increasing population and vehicles on road, Brihanmumbai Municipal Corporation (BMC) had thought of an initiative to put an end to parking woes. If everything goes fine and the proposal gets approved, some of the areas in South Mumbai will be reserved for parking vehicles. Owners will have to pay to reserve the space [...] Continue Reading »
The Brihanmumbai Municipal Corporation (BMC) has recently spent public funds to fill up a pond which is supposed to be a heritage property. BMC has invested Rs 5.25 crore to fill a 100 year old pond located at Kandivali West with debris. The pond belongs to the collector and not the civic body, still BMC [...] Continue Reading »
