Mumbai
In the wake of scanty rains and below average lake levels, Mumbaikars are asked to use water sparingly while celebrating the festival of dahi handi. The Brihanmumbai Municipal Corporation (BMC), which has enforced the 10 per cent water cut since July 1 following poor showers and waning lake levels, has appealed to residents to use [...] Continue Reading »
The Brihanmumbai Municipal Corporation (BMC)’s cloud seeding plan is getting delayed, as it is yet to receive the feasibility study on the project. The civic body’s had already asked the India Meteorological Department (IMD), the Indian Institute of Tropical Meteorology (IITM) and Mekorot, an Isareli company, which is an expert in cloud seeding experiments, to [...] Continue Reading »
After corporators demanding new age mobile phones and insurance cover, the recent demand from a corporator has asked the Brihanmumbai Municipal Corporation (BMC) to make office spaces for all city corporators available. Samita Naik, Maharashtra Navnirman Sena (MNS) corporator from ward 202 has suggested that the corporation provide space for members on civic plots in [...] Continue Reading »
A recent survey was carried out by real estate research firm Jones Lang LaSalle (JLL) on affordable housing in seven cities – Mumbai, New Delhi, Kolkata, Chennai, Pune, Ahmedabad and Bangalore. The survey shows that Mumbai tops six other cities in the country for the number of upcoming affordable housing projects. Around 15 projects are [...] Continue Reading »
Studies show that new mall supply is reducing in the first half of this year. As a result, high street rentals in Mumbai’s retail real estate are on the rise. With developers focusing on cutting down the current mall vacancy and hence cutting down on new launches, the lack of quality mall space is pushing [...] Continue Reading »
While reports pointed out an increase in office rentals, a study by real estate consultancy Jones Lang LaSalle (JLL) shows that there has been a 35 per cent dip in office space absorption in seven major cities, as of June 30, 2012. The report states that the supply fell by 52 per cent during the [...] Continue Reading »
The two adjacent Adrash flats have come under the scanner of the Adarsh judicial commission. The flats were financed by the Kolhapur-based builder Umesh Shinde. Vishwas Chougule, a retired teacher was allotted flat number 1904, while his former colleague Raghunath Bhosale was allotted a neighbouring flat in Adarsh. Shinde, who runs Raj Devendra Construction Ltd, [...] Continue Reading »
The BrihanMumbai Municipal Corporation (BMC) has decided to launch a project to increase and improve open spaces in the city. The BMC has allocated Rs. 1 crore in the civic budget for 2012-13 for consultation to carry out the Mumbai’s Open Space project. The main objective is to add open spaces to the city. The [...] Continue Reading »
The high profile case between industrialist Nusli Wadia and real-estate developer Gopal Raheja about challenging the management rights over 460-acre land in Malad, drags on. The court has now asked Ferani Hotels, owned by Raheja, to file their affidavit supporting its claims by August 22. The court has asked Nusli Neville Wadia to submit his [...] Continue Reading »
The sales tax department of Mumbai raided offices of 15 builders including Marathon, Ajmera, Keystone, Bhoomi realty, Naman and Acme, for evading payment of value added tax (VAT) and recovered Rs 20 crores. The Bombay high court had upheld the 1% VAT imposed on the sale of properties by the state in April. The builders had [...] Continue Reading »
