Mumbai
There have been more number of constructions and property developments in Kurla in Mumbai in recent times. One of the suburbans in Mumbai which was previously known for congestion, make-shift garages, small stores for industrial spare-parts and slums has now transformed into one of the hot spots for realty development. Properties in Kurla are being [...] Continue Reading »
Andheri East, one of the prime localities in the western part of Mumbai is witnessing constant price hikes of apartments in recent times. Three months ago, multi-storey apartments in Andheri East which were priced at Rs 12,000 per sq ft have now come up to Rs 15,000-17,000 per sq ft. Furthermore, average prices for residential [...] Continue Reading »
Brihanmumbai Municipal Corporation (BMC) is planning to frame a new policy to keep noise pollution to minimal at construction sites. With increasing construction of properties in Mumbai, noise pollution is also on a rise. The number of complaints related to noise pollution is increasing day by day. A policy is needed to keep a check [...] Continue Reading »
Real estate projects near Juhu Airport are going to get affected as the Airport Authority of India (AAI) has hinted that it will not be shutting down the airport’s secondary runway. The authorities have also assured that the No Objection Certificates (NOC) that were given to 120 projects including high rise properties in Juhu will [...] Continue Reading »
Riding on Mumbai metro still looks like a dream as it won’t be ready by March 2013, announced by Maharashtra chief minister, Prithviraj Chavan. It was claimed that a part of the Versova-Andheri-Ghatkopar metro route would be thrown open to the public in March 2013. However, the ground level officials alleged that the time given [...] Continue Reading »
The redevelopment of of old buildings in South Mumbai awaits final environmental clearance. The work on the city’s largest project of cluster redevelopment of buildings can start only after this final nod. The Bohra community’s Rs 1,500-crore redevelopment project in Mumbai, spread over 14 acres in Bhendi Bazar recently got approval from the State Environment [...] Continue Reading »
From now onwards, the tenants staying in building owned by Brihanmumbai Municipal Corporation (BMC) have to pay for the repair works carried out in their properties. Around 53000 tenants who live in 9897 BMC owned buildings have to shell out money for the same. Earlier, the municipal corporation used to fund for all the major [...] Continue Reading »
Legend Siroya Realtors, formerly known as Siroya Developers having 60 projects to their credit in cities like Mumbai, Pune, Bangalore and Hyderabad, has come up with a brand new project in Mumbai called Marbella. The 38-villa project has been recently launched in Lonavala, Mumbai. The luxury township project will be constructed as per Spanish architecture [...] Continue Reading »
ICICI Venture, one of the largest private equity firms in the country, raised funds of $700 million in 2012. The PE firm successfully closed a $100-million (Rs 500 crore) second real estate fund, the India Advantage Fund Real Estate Series 2. And it managed to raise $700 million through its real estate and other funds. [...] Continue Reading »
With the announcement of new industrial policy in Maharashtra, property prices are expected to witness a downtrend in metropolitan region, especially Navi Mumbai. As per new industrial policy, corporate groups are going to use 40% of their land to build commercial shops and housing projects in Mumbai. Furthermore, houses and shops can be built on [...] Continue Reading »
