Mumbai
Good news for the residents of South Mumbai! The Brihanmumbai Municipal Corporation (BMC) has recently planned to set up a new sewage treatment plant at its sewage pumping station near Hanging Gardens, Malabar Hill. With the set up of the new plant, residents of Malabar Hill and Girgaum in Mumbai city will have three million [...] Continue Reading »
A growth in sales and revenue has been witnessed by Indiabulls Real Estate Limited (IBREL) for the last quarter of 2012. By December 31, 2012, the company saw a total sales of Rs 1,201 crore, which went up by 267% compared to Rs 449 crore third quarter of 2012. Total revenue also shot up by [...] Continue Reading »
Brihanmumbai Municipal Corporation (BMC) has recently passed a new garbage collection scheme to keep the city’s slum clean. This new scheme has been introduced to keep a check and break the monopoly of present contractors who are appointed under the old scheme and to ensure better garbage collection services in slums. The new scheme called [...] Continue Reading »
A state government resolution which was issued five years back in Mumbai has come into limelight again. The same resolution now is going to affect over 3,000 housing societies in the city which stand on the land of the collector’s office allotted decades ago. Most of these societies were built in the 1960s and the [...] Continue Reading »
On January 21 and 22, Mumbai will witness a water shortage of 5%. The water cut is due to the replacement of current and potential transformers of substation at Panjrapur. Due to the replacement work, the pumping station will be shut down for two hours on these two days. Less water will be supplied from [...] Continue Reading »
From May, it will be easy to know whether you have won the lottery for affordable houses in Mumbai. Maharashtra Housing and Area Development Authority (Mhada) is planning to send SMS alerts and emails to those who have won after minutes of the lottery draw. Currently, the procedure is very tedious. This move will bring [...] Continue Reading »
The real estate private equity arm of Piramal Enterprises, Indiareit Fund Advisors is to invest about Rs 250 crore in two projects in Mumbai and Pune in next one month. One of the projects is a slum project in Mumbai and the other one is a residential project in Pune. The Piramal group is currently [...] Continue Reading »
Mumbai- The luxurious residential project “Codename Blue Moon” by Lodha Group has received applications of more than 1000 people, which is double the number of units that are on offer. For this project, Lodha Group made the largest real estate transaction from DLF in the year 2012. This premium residential development will be built on 75,000 sq [...] Continue Reading »
Maharashtra government’s offer of fast-track construction projects by 18 months has got poor response. This offer is a failure if builders go for a green building certification process. Union ministry of environment and forests (MoEF) guidelines has made it clear that every project that involves construction of 20,000 sq mt and investment of Rs.5 crore [...] Continue Reading »
To bring in a relief to a buyer in Mumbai, after a span of 7 years, he might finally get the possession of his flat booked in Sion in 2005. The Maharashtra State Consumer Disputes Redressal Commission has directed the builder of the flat in Sion to either give possession of the 712 sq ft [...] Continue Reading »
