Mumbai
The residential areas near dumping grounds in Mumbai have been complaining about the inconvenience caused to them. To curb civic problem the State Ministry for Urban Development has declared that the state would legally disallow residential areas around any dumping grounds developed in future. A residents’ group had approached the Supreme Court against the Brihanmumbai [...] Continue Reading »
The Brihanmumbai Municipal Corporation (BMC) seems to be woken up to the issue of safety and health of public. They conducted an audit of all the bakeries in the city following a cylinder explosion at an illegal bakery in Trombay which claimed lives of people. The survey has revealed that there exist 127 illegal bakeries [...] Continue Reading »
While residents of Mumbai are reeling under water cuts and inequitable distribution of water, the Brihanmumbai Municipal Corporation (BMC) has conceded that equal water supply in all areas cannot be realized until the water audit is complete. The BMC officials have stated each area’s exact demand is pre requisite to ensure equal supply to all [...] Continue Reading »
Mumbai property market is experiencing hard times from past one year and adding to it the Mumbai Development Control Regulations or DCR guidelines, doled out five months back. Developers and consumers are furious against the enactment of the new guidelines. The Maharashtra government had amended the DCR regulations in February this year to bring more [...] Continue Reading »
DLF, the country’s biggest real estate company, is set to sell its 17-acre National Textile Corporation (NTC) land in Mumbai to Mumbai-based Lodha Developers to reduce its rising debt, said market sources. The deal is estimated at Rs 2,500-2,700 crore. Lodha Developers has already paid Rs 500 crore in advance and it would pay the [...] Continue Reading »
As the water stock in the lakes of the city is far from being sufficient, Brihanmumbai Municipal Corporation (BMC) is considering cloud seeding in catchment areas in the coming month as an option. Cloud seeding involves spreading either dry ice or silver iodide aerosols on clouds to stimulate rainfall. The civic body states that if [...] Continue Reading »
DLF, India’s biggest real estate firm, which is looking to divest its non-core assets to trim debt, has reportedly reached an understanding with the Lodha Group to jointly develop its 17-acre Mumbai Textile mill plot. DLF had bought the land from the National Textiles Corporation for Rs 702 crore in 2005. It has since considered [...] Continue Reading »
Home registrations in Mumbai, in H1 of 2012, have seen a marginal fall of 3.4% compared to the same period last year, whereas in H1 of 2011, home registrations had seen a steep fall of 22% against H1 of 2010. This data shows some signs of progress in the Mumbai residential property market on a [...] Continue Reading »
While there has been a slight surge in the leasing of prime commercial spaces across key cities in 2012, Mumbai’s commercial market is still witnessing supply exceeding demand. According to a survey by CB Richard Ellis, office space absorption was registered at above 7 million sq ft in the second quarter of 2012, compared to [...] Continue Reading »
The Brihanmumbai Municipal Corporation (BMC) has urged the public representatives to make a generous move to divert a portion of MP, MLA funds towards maintenance of open spaces. The Corporation is in need of fund to maintain the open spaces and in previous years the BMC has lost open land either because it failed to [...] Continue Reading »
