Mumbai
According to reports of BNP Paribas Real Estate, rental values of office space in Mumbai has witnessed a decline. Sequential decline in the range of 3 per cent to 11 per cent is seen during the quarter ended June 30. The report shows that rent came down in central business district Nariman Point by 3 [...] Continue Reading »
Brokerage firm Kim Eng Securities in their recent report have stated that despite a slowdown in the real estate market, property prices continue to rise. Residential property prices have risen 33 per cent in Greater Noida, 30 per cent each in Noida, Gurgaon and Mumbai and 35 per cent in Chennai over a period of [...] Continue Reading »
In order to tighten its grip over errant contractors, the Brihanmumbai Municipal Corporation (BMC) has decided to double the fine imposed on them if they fail to fill potholes in the stipulated time limit of 48 hours. Moreover, the civic body has also announced that five complaints against a contractor will lead to termination of [...] Continue Reading »
The Brihanmumbai Municipal Corporation (BMC) has decided to go ahead with the seeding of clouds in the catchment areas of Bhatsa and Vaitarna lakes in September. It also extended the 10 per cent water cut further till September 15. The officials stated that seeding will be carried for 12-15 days in September, on the basis [...] Continue Reading »
The Brihanmumbai Municipal Corporation’s (BMC) website has been upgraded to display the names of all city buildings that have an occupational certificate (OC). Recently more than one lakh flat owners of 6,000 buildings in the city of Mumbai have had to bear the brunt of the absence of an OC by paying double water charges. [...] Continue Reading »
The National Coastal Zone Management Authority (NCZMA) recently reclassified Khar Danda area as a creek. The reclassification is expected to bring in strong incentive for the developers in the area. As Coastal Regulation Zone (CRZ) norms in the Khar Danda area are eased, the stage is all set to spur redevelopment activity the area. The [...] Continue Reading »
Godrej Properties is all set to redevelop a residential property of a private society in Ghatkopar, Mumbai. Mumbai based Godrej Properties, the real estate development arm of Godrej group, will be adding another redevelopment project to its portfolio with this one. The project spread over 2.5 acres will offer around 185,000 sq ft of free [...] Continue Reading »
Right pricing and small ticket sizes seem to have placed South Indian real estate in a much better place than real estate players in Mumbai and Delhi. Bangalore and Chennai seem to get their property strategy right. When most developers in India are battling high interest rates, sluggish sales, delays in new launches and a [...] Continue Reading »
The Address, an upscale luxury residential complex is launched by the Wadhwa Group in Ghatkopar (W). The project is designed to meet world-class standards providing spaces of luxury which meet world-class standards in terms of design and architecture. It comprises 10 towers in 18.18 acres of which only 20 per cent of the land is [...] Continue Reading »
A decision has been taken that a team of councillors of the Municipal Corporations along with officials is all set to visit different cities in order to find the most suitable technology for setting up a sewerage treatment plant in the cities. The team will be visiting Mumbai and Delhi to observe the functioning of [...] Continue Reading »
