Mumbai
Inspite of continuous price hikes and interest levels touching sky, demand for home loan has not been affected by any. Home loan has been in constant demand especially in smaller cities. According to a report, loan borrowed has rose by 14% by October 2011 against end of 2010. A rise of 12% was witnessed in [...] Continue Reading »
The water pipeline project in Mumbai was about to be ready to use by the end of 2011. As usual the project is postponed! Due to procedural delays and slow pace work the water project has been postponed to upcoming year 2012. It has been three years since this water project started and the Navi [...] Continue Reading »
Recently, Maharashtra Government has approved a plan of setting up a new housing authority. This means regularization of flats will be a mandatory procedure which in turn be a relief for buyers. The new act to be announced will replace the Maharashtra Ownership Flats (Regulations of promotion of construction, sale, management, and transfer) Act, 1963. [...] Continue Reading »
It is that time of the year again! New Year is here yet again with great promises and lots of enthusiasm in store. Welcome 2012 with a flare to fulfill your dreams, stick to your resolutions and live your life to the fullest. What better way to live life to the fullest than partying. New [...] Continue Reading »
As the mood sets in for New Year, people around the world are thrilled to see what’s happening in their own cities. Indeed, New Year celebrations in cities are received with great pomp and enthusiasm. Here is a roundup from the major Indian cities. 1. Mumbai: Well as usual Mumbaites are getting ready for a [...] Continue Reading »
There is nothing called extra FSI concept if it is not not given to the buyers for their use. It is the builders who in the name of extra FSI misuse it by including the free spaces as super built up areas. The free spaces include parking areas, balcony spaces and flower beds. Due to [...] Continue Reading »
Mumbai saw a dip in residential projects being launched this year due the long lasting effect of the slump in realty market. As per a report by property consultants Knight Frank, as planned out of 54,968 units, only 19,470 residential units were launched in Mumbai in 2011. The upside down projection in realty market is [...] Continue Reading »
As per latest research report, BMC is yet to recover Rs 8,014 crore as it stands pending from defaulters in Mumbai. The civic body is set to change the rateable procedure of property tax collection to capital value-based. But this recovery of such large amount has come as a shock to the corporation. According to [...] Continue Reading »
Mumbai is the only city traced till now which does not even spare the slum dwellers from paying property or any such taxes! “Is it that necessary to collect property tax for slum dwellers?” This sounds pathetic, indeed! There are no traces as to why the Brihanmumbai Municipal Corporation (BMC) is levying tax burden on [...] Continue Reading »
In Mumbai, the civic elections are fast approaching and so are the officials are busy managing the civic problems in the city. Keeping aside the entire civic problem for a while now the city corporators are busy renaming roads and chowks which was kept remaining from long time. During last few Brihanmumbai Municipal Corporation (BMC) [...] Continue Reading »
