Mumbai
The Adani Enterprises a real estate biggie has taken the crown for fixing the years biggest land deal! Having purchased a two-acre land in Mumbai from the HDIL for Rs 900 crore, has created a benchmark in real estate market. The two acre plot located at Andheri suburb was supposed to be the largest mixed [...] Continue Reading »
The first phase of Rs 550-crore road project is almost nearing the deadline and huge number of tasks is left unfinished! So, what next? The citizens of Mumbai should get ready to commute in the half done worn and torn out roads. The civic body has admitted that at present there is 10 to 15 [...] Continue Reading »
Citizens of Mumbai beware! If your builder is asking you to pay a hefty sum for the parking space you have been using, don’t end up paying the same. As, the Maharashtra State Consumer Disputes Redressal Commission clearly said that the builder will have no right to sell the parking slots in the city. The [...] Continue Reading »
Happy go news for the citizens and property buyers in Mumbai! The amendments in Development Control Regulations (DCR) followed up by huge number of residential and commercial property launches have commenced showing the signs of property rates fall! Some of the real estate experts have predicted property rate fall by 10 and 30 per cent [...] Continue Reading »
The delay in construction projects is doing nothing but burdening the property buyers who end up paying lakhs extra by the time they get possession of their flats booked! Whereas the developer will hardly pay Rs 5-10 per square feet as penalty! This is not bringing in any justice to the property buyers as the [...] Continue Reading »
A builder in Mumbai was booked a case for taking over the possession of a bungalow in Bandra forcibly! Four private company security guards were detained for helping in breaking locks of the house! The surrounding residents called up Bandra police who rushed into the bungalow spot immediately and found a representative of MB Builders [...] Continue Reading »
No worries, from now onwards the citizens of Mumbai will have to evaluate their property tax liability followed up by which they have to pay it online. Soon, Mumbaikars will be able to calculate their property tax in the similar way filing income tax returns. This proposal is kept pending to be approved from municipal [...] Continue Reading »
A new set of building rules has been approved by the state government bringing in sense of worries for the small-time builders in Mumbai. It has been learnt that these builders big time sold flower beds, common lobbies, terraces and voids at market rates for flats construction. Around maximum of the builders in Bandra-Khar-Juhu are [...] Continue Reading »
The Bombay High Court asked the Hiranandani builders to construct affordable houses in their upcoming residential projects. Which is now followed up by a state teachers’ union asking the builder to consider flats for teachers from government-recognized schools. The High Court noticing the extra built up area by the builder, has therefore ordered them to [...] Continue Reading »
Delay! Delay in construction projects! All you can hear from the metro cities is the delay in construction projects from all over India. Yes, it’s not a news just for the sake of it. However, the housing projects are getting delayed in a very large number which is intern taking Indian real estate into a [...] Continue Reading »
