Mumbai
With the Union Budget to be presented in a week, Builders’s Association of India (BAI) expects a hike in exemption limit on the interest in home loan. At present, the exemption is set at Rs 1.5 lakh which the builders want to be set at Rs 3 lakh. The builders demand the Finance Minister to [...] Continue Reading »
With the infrastructure development booming in Mumbai, the apex financial institute, World Bank shows interest in financing two mega projects in Mumbai. The projects include the Virar-Alibaug road-rail corridor and the development of 12 urban growth centres as satellite cities of Mumbai. The growth centres are planned in distant suburbs of Mumbai such as Kalyan, [...] Continue Reading »
The new capital value based tax system which was being objected by the citizens all this while, has been given an extension of two months grace period. The citizens can now pay as per the old rates up to March this year. The residents have to visit the assessor and collector department at the local [...] Continue Reading »
Bangalore- One of India’s most expensive real estate destinations, South Mumbai is expected to see a revival this year after a long gap of one year. The key reason for the boost in the realty sector in this region is due to the fact that the developers are all set to launch their projects alongside [...] Continue Reading »
With the new ready reckoner (RR) in place by the state government, the black market in real estate sector is going to get dull. The use of black money in real estate transactions will be minimal. As per experts, the revised RR rates are equal to market rates at most of the localities in Mumbai. [...] Continue Reading »
Due to the price correction, home prices in NCR regions and Mumbai will reduce after a long time. Increased property prices, lower demand and liquidity issues have resulted in pushing the prices lower in various markets which has recently resulted in price appreciation. As per reports, there was an increase in property prices in Gurgaon [...] Continue Reading »
Mumbai- After a delay of several days, the Brihanmumbai Municipal Corporation (BMC) has invited expression of interest (EoI) to be chosen as the external third party auditors for the civic infrastructure projects from the private firms. With this move, all the capital works like the reconstruction and repair of the civic school and hospitals along with the [...] Continue Reading »
Mumbai- One of the popular developers, Oberoi Realty has come up with its new luxury residential project named ‘Oberoi Exquisite’ in Mumbai. Oberoi Realty is a 30 year old BSE-listed developer. The luxury project spreads across 80-acre Oberoi Garden City which is termed as “city within a city” in Goregaon (East). In the year 2007, Oberoi [...] Continue Reading »
Reserve Bank of India (RBI) is set to cut the CRR as well as repo rates and bank lending rates to increase liquidity in the system. With this initiative, developers in Mumbai are hoping that with the coming Union Budget 2013, it will improve investment volumes and general growth across real estate sector in Mumbai. Some of [...] Continue Reading »
India’s longest passenger waterway is soon going to be launched in Mumbai. The waterway, also known as ‘water metro’ has been initiated as a passenger water transport system which could ease traffic in south Mumbai. The ministry’s Expert Appraisal Committee (EAC) has given the final nod for the waterways which will be a passenger water transport system [...] Continue Reading »
