Mumbai
The 8000 hutments in Ganpat Patil Nagar on Link Road, Dahisar are posing as environment threat for the city. These illegal properties are not only sore to eye but are also encroachments which have gone too far on vast tracts of mangroves. The illegal slums in the coastal stretch of Dahisar are increasing at an [...] Continue Reading »
Kanakia Group has changed its focus from commercial projects to redevelopment of residential projects in Mumbai. Its promoters recently sold a stake in Cinemax India Ltd, a multiplex chain to PVR Ltd because the group is planning to focus on residential developments. Kanakia Spaces Pvt. Ltd, a Mumbai based developer is in talks for the [...] Continue Reading »
Maharashtra Government has approved the use of no development zones (NDZs) for industrial, commercial and residential activity in the state. This approval was given in the exit policy for special economic zones (SEZs). In the NDZ areas, a basic floor space index (FSI) of 0.5 will be allotted. The new industrial policy which was recently [...] Continue Reading »
Infrastructure giants like L&T IDPL, Gammon Infra, IL&FS Transportation, GMR Infra and CAF South Africa are already going head over heels to bag Mumbai’s upcoming elevated rail corridor project. The railway corridor from Churchgate to Virar is planned at a budget of Rs. 20,000 crores, and will be Indian railways’ first and India’s largest public-private [...] Continue Reading »
Cuffe parade, an affluent locality in South Mumbai is now in high demand. The well planned area offers lifestyle and amenities both. The main plus points of this area are strategic location, increased rental activity, upcoming new projects by Mittal Grandeur, Lodha Group and so on. Apartments for rent in Cuffe Parade has gone up [...] Continue Reading »
According to the Ministry Industry, over 50 percent of foreign direct investment (FDI) was coined by Maharashtra and Nation Capital Region inside the country since 2000. Around $61.13 billion, about 33 percent of total inflow was bagged by Maharashtra during April 2000 – October 2012 and Delhi-NCR, Haryana has received $35.4 billion of FDI during [...] Continue Reading »
The new industrial policy that has been sketched out by the Maharashtra Government has been highly criticized by the Opposition. They allege that the policy favours realty developers at the cost of farmers and villagers. However, Maharashtra Chief Minister, Prithviraj Chavan has defended the policy and termed it as “path breaking” which introduced Integrated Industrial [...] Continue Reading »
As per reports, investing in second homes is a growing trend in metro cities especially in Delhi. This shows a rising trend in the residential real estate in Mumbai. The reason for investment in a second home for Mumbaikars can be any. For some, it is just a weekend getaway from the hustles and bustles [...] Continue Reading »
The stamp duty officials in Mumbai have admitted to the errors about ready reckoner (RR) rates that were announced recently. It was noticed after a national daily published about RR rates being hiked by 1000 % in some parts of Western suburbs in Mumbai. Now, after the correction, the prices have been appropriately hiked from [...] Continue Reading »
One of the renowned developers in India, Lodha Group based in Mumbai recently started with a new scheme projects. An ‘initial public offer’ has been used by the developer to sell apartments at their latest premium project located in Lower Parel in Central Mumbai. The project, which is spread across 17.5 acres called Blue Moon, [...] Continue Reading »
