Mumbai
Realtors are expected to come up with a high number of project launches this festive season. Faced with uncertain demand, the past two years have seen limited project launches by real estate companies. However, it looks to change as this year, as developers have decided to launch slew of projects to generate momentum and cash [...] Continue Reading »
As real estate is going through a crisis specially in cities like Mumbai, builders are struggling through the bureaucratic hurdles involved in getting a project cleared. The builders are forced to go through a tangled clearance procedure as they have to approach a host of state and central departments that take their own time clearing [...] Continue Reading »
The private equity arm of Housing Development Finance Corporation (HDFC), HDFC Property Fund, plans to raise a $500-million real estate off shore fund by the end of 2012. The company is planning to raise the capital in a single close deal and is in talks with sovereign funds, including Government of Singapore Investment Corporation (GIC) [...] Continue Reading »
Old and decaying underground utilities have worsened the road conditions in Mumbai as many of them have been suffered cave-ins recently. Pedder Road, Dr E Moses Road and Dr Annie Besant Road are among those roads who have witnessed cave-ins and portions of the roads have collapsed. The Brihanmumbai Municipal Corporation (BMC) do not have [...] Continue Reading »
Mumbai’s current water stock is at its highest in four years. However, the civic body will still not be able to supply the extra water needed to reduce the city’s water deficit from the Middle Vaitarna project this year. Two components of the project – a tunnel and a water treatment plant, which are being [...] Continue Reading »
The newly constructed buildings in Mumbai lack rainwater harvesting system. The fact has been brought into notice by social activists. Brihanmumbai Municipal Corporation (BMC) made it mandatory for the new buildings to have rain water harvesting system in 2007. The civil administration has allocated about Rs1 crore to the rain water harvesting cell under the [...] Continue Reading »
Analysts are of the opinion that housing prices are not likely to fall anytime soon. They blame the domestic as well as foreign investors, including NRIs, for this. High property prices are not even helping developers as they are in debt. The cash generated by selling properties turns out to be much less than what [...] Continue Reading »
The government is all set to bring in a package to boost real estate activity by easing lending and provisioning norms for banks. The finance ministry is set to work out a strategy to boost the sector as developers expressed their inability to cut prices to increase demand. The ministry has been in talks with [...] Continue Reading »
Malad East in Mumbai has witnessed a surge in commercial realty market being backed by growing residential demand. The increased residential demand has boosted the commercial scene as there is a huge demand for neighbourhood retail shops to cater to the daily need of the growing residential population.With the increase in number of shops, the [...] Continue Reading »
Real estate consultants Cushman & Wakefield, in its report entitled ‘Indian Hospitality Story 2012 & Beyond’ has mentioned that the top six cities of the country will witness around 50,000 hotel rooms added over the next five years. The report evaluates the hospitality sector situation in the metros of Mumbai, Delhi, Kolkata, Bangalore, Chennai, and [...] Continue Reading »
