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Mumbai

Due to poor economic conditions, just one mall opens in March quarter

Due to poor economic conditions, just one mall opens in March quarter
Due to the poor economic conditions, only one mall is coming up in the last three months. The only mall was developed in Pune which is stuck with the second-highest vacancy level in the country at 27.5 percent. Ahmedabad maintains its tag as the graveyard of Indian retail with a vacancy level of 31.6 percent [...] Continue Reading »

Online property buying picking up

Online property buying picking up
Online space is projected to be the very important medium for property buying. Until now it was restricted to checking designs and prices of properties. However, it may take a few years before online property buying becomes as common as purchasing clothes, electronics or books by the click of a mouse. Real estate companies inform [...] Continue Reading »

Senior citizens – a budding real estate mkt for developers

Senior citizens – a budding real estate mkt for developers
As per realty experts, for property developers as well as other allied services providers senior citizen are emerging as a new customer segment for creating a proper assisted living environment for them. According to a report by property consultant Jones Lang LaSalle, senior citizens are now being looked at as a potential real estate market [...] Continue Reading »

IN THE MAKING -A new landmark of distinction at Parel

IN THE MAKING -A new landmark of distinction at Parel
This may possibly be a brilliant chance to live amidst all the luxuries in the heart of Mumbai city. The residential towers at Crescent Bay offer 2, 3 and 4 bedroom air-conditioned apartments that speak volumes about the sophisticated living experience. The modernist apartments are elegantly designed, with open architecture creating visual pathways of sighting [...] Continue Reading »

In Jan-March 2014, office space demand decreases

In Jan-March 2014, office space demand decreases
As per a report, the demand of office space has reduced in the first quarter of 2014 with nearly6.3 million square feet of office space getting absorbed across the major cities of the country as against 6.6 million square feet in January-March 2014 period; showing a decrease of 5 percent. Report also concluded that the [...] Continue Reading »

Residential township project in North Bengaluru being developed by Godrej Properties

Residential township project in North Bengaluru being developed by Godrej Properties
The real estate development wing of the Godrej Group named as Godrej Properties Ltd is going to develop a residential township project in North Bengaluru. The project is spread across 100 acres of area and has the saleable area of nearly 0.87 million square meters (9.4 million sq. ft.) It is close to the new [...] Continue Reading »

Prime Asia Development Land Index introduced by Knight Frank

Prime Asia Development Land Index introduced by Knight Frank
Knight Frank Asia Pacific has introduced the market’s first-ever Prime Asia Development Land Index which obtains the cost of prime residential and commercial development land in 13 major cities across Asia that consists of cities like NCR, Bengaluru and Mumbai in India. Key Takeaways Mumbai Modification in development rules coupled with increase in prime residential [...] Continue Reading »

Election commission’s approval sought for demolition of Campa Cola

Election commission’s approval sought for demolition of Campa Cola
The BMC has requested chief electoral officer to appoint a contractor to demolish 35 floors across seven buildings in Worli’s Campa Cola society. The residents have been told by the Supreme Court last November to vacate the flats by May 31 to allow the BMC to demolish the illegal flats. Additional municipal commissioner Mohan Adtani [...] Continue Reading »

Elevated corridor till Bandra unviable

Elevated corridor till Bandra unviable
The state government has made the suggestion that the Western Railway (WR) elevated corridor be terminated at Bandra. This may make the project unviable due to low commuter volume. There was a difference of opinion among the railways, the Planning Commission and the state government about the elevated corridor project. After a meeting of the [...] Continue Reading »

Rs 2,500 crore gets Railways by leasing land in Bandra

Rs 2,500 crore gets Railways by leasing land in Bandra
A source says that the Indian Railways has introduced tenders and the land parcel given to the successful bidders on a 45-year lease is expected to collect Rs 2,500-3,000 crore. This land is given for commercial development of 4.3 hectares of a prime land parcel in Bandra (east). The Railway Land Development Authority (RLDA) is [...] Continue Reading »



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