Mumbai
The hotel chain, Citrus Hotels and Resorts has decided to invest about Rs 500 crore to add 1,500 rooms and take its hotels strength by 2017. They have aimed to flourish about 18 hotels in the next five years and currently the hotel chain has 475 rooms spread across eight properties. When questioned about their generating of [...] Continue Reading »
Mumbai-based real estate developer, Neev Group has launched a premium residential housing project in Andheri West. The project, Neev Amberwood, would be a redevelopment housing project, which will replace the existing Navnit Cooperative Housing Society Ltd. The project, spread over 2 lakh sq ft area, is located in the heart of the suburb, with four [...] Continue Reading »
Bangalore has surpassed bigger property markets such as Mumbai, Delhi and Chennai. Real estate research firm PropEquity says that the Southern city recorded a 140% growth in the quarter till June over the year-ago period. As sales in most other cities stagnated or decreased, Bangalore witnessed sale of 15.58 million sq ft of residential space [...] Continue Reading »
Some Juhu citizens have been fighting to save their area from being flooded. The crisis came up after the civic storm water drains (SWD) department allowed a developer to cover and build a recreation ground on top of a section of Irla and Koldongri nullahs. NGOs have joined hands with the residents in their protests [...] Continue Reading »
Confederation of Real Estate Developers’ Associations of India (CREDAI) and the Royal Institution of Chartered Surveyors (RICS) have come together to offer courses in real estate. They have announced a joint initiative to address the learning needs of professionals in real estate and construction sectors. RICS is a global professional body which builds environment that [...] Continue Reading »
After Bangalore, it seems Mumbai’s turn to face concerns over Dengue fever. The extended fluctuating weather along with intermittent rains has led to a rise in dengue cases. With the monsoon withdrawing now, there are chances of water accumulating in open spaces providing mosquitoes a perfect breeding ground, which is causing a rise in dengue [...] Continue Reading »
In order to earn more money, the Maharashtra state cabinet has cleared a new policy for pre-Independence leasehold plots in Mumbai. The policy will affect the monthly rentals of tenants occupying old buildings in the city. As per the new policy, the government has hiked rent, limited the term of new agreements to 30 years [...] Continue Reading »
Chandivali, a suburb of north-central Mumbai, has developed at a rapid space. There has been a 20 per cent hike in property prices of multi-storey apartments during the July-September quarter as compared to the April-June quarter. Along with the price appreciation, rentals of multi-storey apartments too have gone up by 19 per cent during the [...] Continue Reading »
The BrihanMumbai Municipal Corporation (BMC) has ordered a probe into all occupation certificates (OC) issued by the civic body in the last 10 years against promised rainwater harvesting systems by builders. The announcement of the enquiry came after several corporators alleged that officials of the civic building proposal department had handed out OCs to builders [...] Continue Reading »
The Brihanmumbai Municipal Corporation (BMC) will undertake a pilot project of the newly adapted technology of geo-tagging all the garbage collection points in the city. The geo-tagging will help the BMC keep a close check on the garbage collection process. The tracking would be done with the help of GPS devices fitted in the garbage [...] Continue Reading »
