Mumbai
The Brihanmumbai Municipal Corporation’s ambitious plans to monitor road contractors’ work quality may not take off soon. The BMC had invited tenders worth Rs 120 crore to repair potholes and asked contractors to install sensors and GPS devices on their machinery to enable the civic body to monitor quality. BMC made it compulsory for contractors [...] Continue Reading »
Mumbai-based Omkar Realtors & Developers is in talks with Kolkata based Forum Projects to enter into a residential joint venture. The two parties are en route to develop a two-lakh sq ft super luxury residential project off Bandra-Kurla Complex in Mumbai. The project will mark Forum Projects’ entry into Mumbai’s prime realty market. The project [...] Continue Reading »
The amount of unsold apartments are on the rise in the metropolitan cities. The main reason for this is believed to be the refusal of builders or developers to reduce prices. A meeting called up in the light of reports of increasing number of unsold flats in cities such as Mumbai, it is found that [...] Continue Reading »
In order to reduce the burden of ever-increasing property registration work, 31 sub-registrar offices will be opened in the state of Maharashtra. Property registration is the second highest revenue generating source in the state and at present public has to spend a lot of time to register their property at offices. A proposal seeking additions to [...] Continue Reading »
The Brihanmumbai Municipal Corporation (BMC) seems to have found an answer to detect pipeline leaks. BMC’s water supply department has been using this method to detect leakages in the supply lines in the C ward (Marine Lines) of the island city and the T ward (Mulund) in the suburbs. Now the civic body has decided [...] Continue Reading »
The Brihanmumbai Municipal Corporation (BMC) has finally taken steps to get a team of independent experts to conduct a technical audit of pothole repairs of Mumbai roads. The audit is to start from next week and it will examine why the BMC had failed to rid roads of potholes this monsoon despite introducing cold-mix technology [...] Continue Reading »
Lalit Kumar Jain, president of the Confederation of Real Estate Developers’ Association of India (CREDAI) has stated that corruption is the biggest trouble glaring the real estate sector. At the opening address of 12th NATCON, the Credai president remarked that that the humiliating approval process and corruption is to blame for the problems of developers [...] Continue Reading »
DB Realty Ltd, which was caused in the maze of 2G scam, is on its way to make a return to Mumbai’s realty scene by launching new projects and rebranding existing ones. The company’s stock has fallen 33 per cent since February 9, 2011, when its managing director, Shahid Balwa, had been arrested by the [...] Continue Reading »
Rentals for commercial space across India may see a mixed trend in coming few years. Real estate firm Cushman & Wakefield (C&W) says that while cities such as Bengaluru, Chennai and Pune are to witness moderate rental increases over the next five years, the scenario may turn out to be different in other cities. The [...] Continue Reading »
Real estate consultancy firm Cushman & Wakefield reports that the top eight cities in India are expected to see a demand for about 180 million sq ft of commercial office space in the next five years. Based on announced projects and the current pace of construction, total expected supply in these five years is 219.6 [...] Continue Reading »
