Mumbai
The construction of flyover work at Ghodbunder Road were turning commuters situation worse day by day. Traffic was always at the peak and the Mumbai traffic police department found it really tough to control the situations. To pave way for a hassle free ride to commuters in city, the traffic authorities have come up with [...] Continue Reading »
Lokhandwala residents are on a saving spree of a mangrove land. The residents have put their heart out to save the land which might get used for illegal construction. Nav Karan Co-operative Housing Society residents allege that a 10,000 sq m of mangrove land has been destroyed located near Oshiwara creek. This destruction was done [...] Continue Reading »
The Maharashtra chief minister agreed new development control rules (DCR) at Mumbai on Tuesday. The implementation of this new rule is to eradicate the illegal practices in the realty industry. However, the policy’s emphasis denied saying that this new rule gives a clear picture about the revenue Brihanmumbai Municipal Corporation (BMC) earns from the builders [...] Continue Reading »
A recent report by DTZ, a real estate consultant cautioned about the realty price fall in major cities like; Singapore and Mumbai due to regression and regulation in the economies. It’s just the beginning of 2012 and all the major Asian cities have started witnessing 15 to 25 percent drop in residential realty rates! Coming [...] Continue Reading »
Maharashtra government has announced changes in the Development Control Rules (DCR) for the Dharavi slum redevelopment ahead of Mumbai civic polls. The redevelopment plan of Dharavi was approved in 2004 with an aim to develop roads, toilets, gardens and basic amenities in the area. After the redevelopment, standard of living can be improved and around [...] Continue Reading »
As an initiative to increase affordable housing in the city, Maharashtra Government has made 20% of land mandatory for the same. The step has been taken keeping in mind to provide housing for economically backward classes and low income group people. Reservation of land would be done only on a 2,000 square meter of land. [...] Continue Reading »
Many investors have sights on Indian real estate market for investment purpose. One among them is Red Fort Capital which has plans of raising $500 million fund for investing in various commercial and residential complex in India. Red Fort Capital is a real estate private equity firm which focuses mainly in Indian realty is in [...] Continue Reading »
New policy formed for redevelopment of old housing societies does not seem to work good as it was planned. Builders Association of India (BAI) is not happy with the policy want Maharashtra Chief Minister‘s intervention for the same. Projects to be redeveloped in Maharashtra Housing and Area Development Authority (Mhada) layouts have been stopped for [...] Continue Reading »
The ready reckoner (RR) rates is out in Mumbai city and the realty players bashed Maharashtra government for the rise in ready reckoner rates. This new rates came into action from Sunday, bringing in change by five per cent and 30 per cent in Mumbai and rest of Maharashtra. Realty players believe that the present [...] Continue Reading »
Eiffel Group who are primarily into plot development is all set and ready to invest Rs 300 crore to launch more realty projects in Mumbai, Pune and Nashik regoin in over next three years of time. Eiffel Group experts say that they will be acquiring land and buildings to improve the necessary infrastructure in these [...] Continue Reading »
