Mumbai
Soon, Aadhar cards will be linked with the ration cards as suggested by the Bombay High Court to the state government to keep a check on fake and duplicate ration cards. Since there had been many cases of bogus ration cards in last two years, an approach has been advised by two Judges of Bombay [...] Continue Reading »
One of the leading banks in India, HDFC Bank is planning to buy an office space of approximate 1.3 lakh sqft at Lower Parel. The building is situated in Peninsula Business Park at Lower Parel in Central Mumbai and is spread over four floors. As per reports, the bank is paying around Rs 17,000 per [...] Continue Reading »
Gangapur Road, which was once known to attract many small and large scale real estate developers is now lying dull due to high property rates. It is one of the developing areas in Nashik and has been witnessing low sales in properties for quiet some time. In the past one year, the locality has seen [...] Continue Reading »
With the increasing property prices in the Mumbai, we have no one else to blame but developer- politician connections. These links have burdened the home buyers with a sudden hike in property prices. As per experts, many developers are politicians and vice versa. All the housing policies that are made today favour the builders, due [...] Continue Reading »
Bombay High Court has recently directed the Brihanmumbai Municipal Corporation (BMC) to raze the illegal structures which have been rebuilt again. This came into light after a housing society in Santa Cruz filed a petition against an unauthorized construction in front of a division bench. Hearing the case, the two Judges involved reminded the civic [...] Continue Reading »
Maharashtra Government has recently decided to raise ready reckoner (RR) rates in Mumbai by 30%. This is an excess hike compared to last year’s average increase of 12%. The increase in ready reckoner rates is going to affect properties in areas like Prabhadevi, Cuffe Parade and Worli. This increase has been levied from January 1, [...] Continue Reading »
State Bank of India (SBI) has planned to speed up the home loan approval process by making it online. Now, the national bank will approve the loan amount online by linking it with Credit Information Bureau of India (Cibil). For doing so, the bank is thinking of finalising the service providers who will enable the [...] Continue Reading »
Sewri located on the eastern shore of Parel Island has recently turned many heads towards it for its affordability. A lot of construction work has been taken up in the locality in the recent years. This is due to the opening up of mill lands and the Mumbai Port Trust area. The locality has shown [...] Continue Reading »
Many Indian real estate developers had to witness low sale rate and high debt in 2012 due to prolonged approval procedure. Due to high pressure from banks and financial institutions, the developers have come to the term that they need to pay their debts in time. The repayment of these standing debts has made many [...] Continue Reading »
A new policy is in the making by Brihanmumbai Municipal Corporation (BMC) regarding new cellphone towers in Mumbai. According to the draft policy, the new cellphone towers to be built on the terraces have to be out of bound for residents of apartments in Mumbai. The policy has been formulated following the guidelines and instructions [...] Continue Reading »
