Mumbai
The Union bank of India, a Mumbai based public sector lender, has decreased the interest rates on home loans above Rs 30 lakhs by 25 basis points. The bank is now offering home loans up to 75 lakhs at the base rate which is 10.5 percent. Loans above Rs 75 lakh and up to Rs [...] Continue Reading »
Mumbai- In the year 2010- 2011, ten bus routes made profits whereas in 2011-2012, only three routes made profit for the BEST. It was disclosed in the budget discussion by BEST committee member Ravi Raja. Ravi Raja further said that during the same time frame the transport body had incurred around 55% loss on bus [...] Continue Reading »
Mumbai- In south Mumbai, a fire broke out in a residential building at Cuffe Parade. The fire broke out on the 19th floor of the 26-storeyed Jolley Marker building. According to report, 16 residents were rescued after the fire broke out and no one was injured in the incident. The fire was doused by the [...] Continue Reading »
There are around 4,500 fleet taxis in Mumbai city and most of them have recalibrated their e-meters. As per the revised tariff, three rupees have been increased. Earlier it was Rs 24 for first one kilometer and Rs 17 for every subsequent kilometer. The revised fare would be Rs 27 for first one kilometer and Rs 20 [...] Continue Reading »
Mumbai- Earlier, authorities in Maharastra had declined the amendment in the calculation of education and employment guarantee cess in property tax. The amendment was awaiting approval. Recently the state Cabinet approved the proposal in calculating the cess in property tax. However, two Cabinet Ministers Narayan Rane and Naseem Khan showed their dismay over the impact [...] Continue Reading »
Bangalore- Phoenix Mills Ltd is planning to buy Everstone Capital’s real estate fund in Bangalore for $12 million (Rs 68 crore). The firm is in talks to buy 7.73 percent stake of Horizon Realty Fund LLC and 18.27 percent stake of Horizon Ventures II, which together, is approximately worth Rs 261 core. As of now, [...] Continue Reading »
Mumbai- Sandhu Palace, the tallest tower on Pali Hill, which is supposed to be the most expensive controversial residential building of Bandra, is up for sale. In October, Sandhu Developers, has put the property for sale at a price of $147 million, or around Rs 800 crore. More than Rs 60,000 per sq ft, was being [...] Continue Reading »
Mumbai- Fire brigade officials have said that a fire broke out in Nariman Point area. They said that the incident happened in the office of the Mittal Towers on the fifth floor but they could find the reason for the fire. The fire was brought under control with the help of four fire engines and [...] Continue Reading »
Mumbai- Juhu residents allege that the airport authorities are cutting lot of trees without taking approval from the respected authorities. However the authorities denied the allegations saying that they have cut only the unwanted bushes and shrubs. According to them, they have cleaned the bushes so that the slum dwellers do not indulge themselves in [...] Continue Reading »
Starwood Hotels & Resorts, the owner of luxury hospitality brands Westin, Le Meridien, St Regis and W is planning to construct a hotel in Mumbai. Negotiations are on and the group is planning to conclude at least one deal for a luxury hotel management in central Mumbai and one in south Mumbai within few months. [...] Continue Reading »
