Mumbai
A commercial property measuring 4.6 acres at Kurla in Mumbai is toady valued Rs 300 crore! This property is owned by Phoenix Mills, a real estate company. The Phoenix Mills is in a pace of selling this property expecting a price of around Rs 15,000 per square feet. Recently, the company also canceled agreements with [...] Continue Reading »
Memorable indeed was previous year for Indian realty sector! Turbulent stock market, spiraling interest rates and fluctuations in property price all together real estate market ended up year 2011 in a worse phase! The only relief was from major cities in India which did witness healthy realty transactions. However, the property prices in Mumbai city [...] Continue Reading »
Affordable Home is looking no more affordable. It is surprising to know that 44% of the housing units having the price tag of less than Rs. 35 lakh are lying unsold in 7 main Urban areas of India – Delhi-NCR, Mumbai, Pune, Bangalore, Hyderabad, Kolkata and Chennai. What comes first to the mind is over [...] Continue Reading »
The Indian realty, its sales and the property buyers is completely unpredictable! This has been proved in Mumbai city, wherein the city developers are sitting behind with around 44% of unsold realty stock. Sounds more surprising! Because, this 44 percent comes under the affordable and low cost houses and flats. Even the flats priced below [...] Continue Reading »
The Hillside Residents Welfare Association (HIRWA) in Mumbai city are denying the recent 50 percent penalty hike. The residents belonging to the housing societies on the private forest land have also denied the payment of additional charges. The state revenue and forest department have demanded additional penalty in concern with regularizing homes. This is considered [...] Continue Reading »
The highest value of realty transactions of Mumbai and Pune will be submitted to National Institute of Public Finance and Policy (NIPFP) at the earliest. The realty registration and stamp duty, ready reckoner rates and sale document details are also collected say the ministry. Through this detail and depth study, the unaccounted incomes of India [...] Continue Reading »
Indian realty is facing a downfall, developers and builders have lost hope of the realty scenario seeing growth during the year 2012. However, even with such a kind of situation, many of the realty sectors are planning to launch thousands of realty projects. All what the builders are looking forward is for soothing of Reserve [...] Continue Reading »
Mumbai developers and investors are eying on the the city’s slums as opportunity. The city is witnessing a shortage of land as the population and demand for housing rises. Due to these reasons, slums are the only places left which have the land in abundant. Many builders and investors have shown interest in redeveloping slum [...] Continue Reading »
The Acron realty developers who have made a benchmark in cities like; Bangalore, Pune, Mumbai by providing residential complexes and well-established national and international hotel chains have now established in Goa realty market. The Acron Developers launch Fleur Green, an apartment complex comprising of one and two BHK measuring 1,053 square feet and 1,242 square [...] Continue Reading »
Builders in Mumbai are a worried lot now over various issues. Maharashtra Chamber of Housing Industry (MCHI) met the state chief minister to reverse back the Ready Reckoner (RR) rates as it was in 2011. The builders also wanted a permanent solution for getting instant clearances for building projects. An abrupt increase of 46% in [...] Continue Reading »
