Mumbai
In today’s time when properties in Mumbai have less demand due to heavy property prices, Lodha Group got an overwhelming response for its upcoming project in the city. The group has received around 1,300 applications from interested buyers for their upcoming project in Mumbai. The number which they have received is more than double the [...] Continue Reading »
The newly appointed head of Tata group, Cyrus Mistry, also a real estate and construction baron plans to launch a real estate fund in Singapore. This has been planned as the group wants to unlock a closely held subsidiary’s investment in projects such as IT parks, malls and roads already built or under construction assets [...] Continue Reading »
Real estate firms have forecasted that in near future, a correction in housing market can be witnessed. This can be due to drop in property sales in past 12 months. In December, rates of properties for sale in Mumbai was bit less while price growth in other Indian cities slowed. According to property research firm, [...] Continue Reading »
A new residential township has been decided by industrialist Mukesh Ambani and his close aide Anand Jain to be launched in Navi Mumbai in the next four months. The township in Navi Mumbai has been planned after the state government’s recent approval of industrial policy which allows corporate firms, who had acquired land under the [...] Continue Reading »
A good news for property buyers in Mumbai! Now, is the correct time to invest in properties in Mumbai as there will be a slight depreciation in prices as per the real estate experts. For the first time in 3-4 years, the average price of residential properties in Mumbai and the Mumbai Metropolitan Region (MMR) [...] Continue Reading »
In yet another instance, Brihanmumbai Municipal Corporation (BMC) has failed to recover dues worth Rs 2800 crore as per internal audit reports. Also, they have failed to recover another Rs 2264 crore dues from the state. Around 51 audit reports were prepared contain 1.5 lakh audit notes. The civic body preferred to stay silent over [...] Continue Reading »
With the Union Budget in the pipeline, developers have sent their wishlist to the Finance Minister to be included in the upcoming budget. The real estate developers’ body CREDAI has demanded for an inclusive housing policy and tax incentives. Presenting an inclusive housing policy, the developers’ body also demanded for housing sector to be accorded [...] Continue Reading »
After the protests by citizens on draft policy on the installation of mobile phone towers, Brihanmumbai Municipal Corporation (BMC) has decided to seek their suggestions for the same. The draft policy, announced recently, got many bad remarks from the citizens. Due to which, the civic body has planned to include recommendations before it finalises the [...] Continue Reading »
Most part of the previous year witnessed slump in real estate market. However, December 2012 saw a substantial recovery in home sales registrations. But according to the market experts, the rise in property registrations was only due to marketing gimmick and not a sign of revival. As per data from the Director General of Registrations, [...] Continue Reading »
Brihanmumbai Municipal Corporation (BMC) is planning to install dustbins along the drains in the city to prevent slum dwellers from dumping garbage into nullahs. These bins will be installed in 400 spots around the city after the civic body carries a nullah cleaning drive before monsoon to clean the Mumbai city garbage. Around 400 spots [...] Continue Reading »
