Mumbai
A fund of Rs 1000 crore has been raised by ASK Property Investment Advisors to invest in Indian projects. The cities chosen for investment purpose are Delhi, Mumbai, Bangalore, Chennai and Pune. The main focus of the group is only on residential projects. Half of the fund, i.e, Rs 500 crore had been raised by [...] Continue Reading »
The plots at Ghansoli Mumbai recently was sold for reasonable rates wherein, City and Industrial Development Corporation (Cidco) failed to fetch these lands a good deal! However, Cidco officials say that corporation had opened bids for Ghansoli plots wherein six plots earned around Rs112 crore. The continuous slow down in realty market resulted in these [...] Continue Reading »
The widening of Pune-Mumbai highway expansion are on plans and the construction work will commence at the earliest. However, the highway line will be covering the defence land. Therefore, Pimpri-Chinchwad Municipal Corporation (PCMC) has to pay Rs 17.38 crore to get defence land for the highway widening. The civic authorities say that they had approached [...] Continue Reading »
Housing Development & Infrastructure Ltd (HDIL), a renowned real estate developer is to sell a two acres plot in Andheri, Mumbai. The deal has been stuck at around Rs 300 crore between HDIL and another real estate group. This plot was already a part of the land on which its residential project Metropolis was being [...] Continue Reading »
An initiative taken by State Bank of India (SBI) is a ray of hope for home buyers in this era of highs! SBI has cut procession fees by half on home loans making it generous enough for the buyers. The new charges launched has been made effective from January 11, 2012. The bank has thought [...] Continue Reading »
About 35 developers in Mumbai have been given notices to give away the flats which were kept for public housing. The notices were given by the urban land ceiling (ULC) department to bring back 1,284 houses. Under the Urban Land (Ceiling and Regulation) Act (Ulcra), the flats are to be used for general public but [...] Continue Reading »
Real estate market saw many ups and downs in 2011. The firms either big or small who are listed at the Bombay Stock Exchange (BSE) degraded all in the previous year. The realty stocks’ price on an average went down by almost 51% with some firms going down as much as 80% in 2011. The [...] Continue Reading »
It is quiet surprising to know that neither Bangalore nor Delhi are the affluent neighbourhoods in the country. Faridabad is known as the one of the richest neighbourhood with average income of every house being Rs 22.96 lakh. Sectors 14, 15, 16, 16A and 17 are the main areas in the race. Others which follow [...] Continue Reading »
The registration of cars in Mumbai city is said to be increasing by seven percent every day! We can imagine the number being added on to overcrowded traffic prevailing at present. Mumbai city has around 300 air condition buses, metro transportation, cabs but none of them except the air condition buses is being used by [...] Continue Reading »
It is quite surprising but it is true that residents are asked to vacate their flats! Twenty five buildings in Bhayander have been identified as unsafe for living. A final warning to those residents residing in these buildings have been given and a forced expulsion will start by next week by Mira Bhayander Municipal Corporation [...] Continue Reading »
