Mumbai
Mumbai- With the rentals crashing down in BKC and Parel, it is the best time to set up offices in the region. The office rentals in these business districts have dipped drastically despite being known for high priced units. The Bandra Kurla Complex has newer buildings coming up which were earlier known to be priced at Rs. 320 per sq [...] Continue Reading »
A report by Knight Frank Research has found that Technical Group on the Estimation of Housing Shortage has claimed that India has shortage in fresh supply of properties and the number has gone up to 18.78 million in 2012. The slum population is approximated at 94.98 million in 2012 which is more as against mere 1.6 million [...] Continue Reading »
Mumbai- Increasing number of Information technology (IT) companies has been driving the office space demand in the prime cities. Particularly the demand for rental office spaces is rising in the peripheral areas of cities since the rental rates are comparatively low than city centric locations. Consequently, commercial real estate developers are more into developing office [...] Continue Reading »
Brihanmumbai Municipal Corporation (BMC) has got around 3,000 responses on the last day of giving suggestions for the existing land use (ELU) maps. With just one day remaining, 3,000 people came out with suggestions and feedback on the deadline day. At least two months of period was given to the citizens to respond to the [...] Continue Reading »
Brihanmumbai Municipal Corporation (BMC) has been asked by the Bombay High Court to present details of the illegal structures in a locality in Chembur. These days many illegal structures have been springing in and around Chembur in Mumbai. This case has came into light after a petition was filed by a cooperative housing society alleging that its land has been encroached [...] Continue Reading »
The first metro in Mumbai by the Mumbai Metro One Private Limited (MMOPL) will have charged overhead wires. The corporation is planning to charge the wires from Versova metro station to Marol metro station of the Versova-Andheri-Ghatkopar (VAG) metro corridor. The wires will have voltage of 25000 Volts, AC which will be induced in March. Two power substations [...] Continue Reading »
Real estate in Navi Mumbai is getting affected as there has been internal fight among real estate developers, agents, owners, etc. Further, with the rising insecurities among developers, the sales are also going downtrend. One of the renowned developers is worried with the way real estate sector in Navi Mumbai is developing. The developers are [...] Continue Reading »
Now that Brihanmumbai Municipal Corporation (BMC) has given grace period for the citizens to pay their property tax by March 31, it is not able to collect pending revenue from several central and state government agencies for the past several years. According to a data, BMC has to collect property tax worth Rs 155 crore on central [...] Continue Reading »
Mumbai- With Sahara being charged with the non-refunding of monies which were collected by the Sahara agents, the investors have moved to the Supreme Court. The SC is all set to hear an application filed by one of the investors who has been seeking directions to Sahara India Real Estate Corporation Ltd for the monies. The [...] Continue Reading »
Goregaon, once known as a middle class residential locality has now turned as one of the wealthy suburbs in Mumbai. The locality enjoys features like easy accessibility, proximity to the railway line by the Western Express Highway and the Linking Road, making it one of the sought after areas today. Many prominent developers like Oberoi Realty, Sunil [...] Continue Reading »
