Mumbai
Property buyers, it’s time for you to get contended! As, the real estate prices have shown a hint of dropping down by 20 to 30 percent. The realty price fall is sure to hit Mumbai and Delhi-NCR and few other surrounding places. The developers are worried with this floating and fluctuating realty market as they [...] Continue Reading »
The sudden boom in real estate after the long time slump has given a hint of doubt among buyers and developers. However, they a reason to be happy because of the same. Brokers and real estate consultants have been working long hours calculating the fate of buying and selling hotel projects. Since there has been [...] Continue Reading »
Mumbai property rates are hitting sky and no wonder the demand for them have dropped down negatively. The property deal registrations in the city has become a night mare to the property buyers. According to the recent realty data, Mumbai realty deals have dropped up by 20 percent dashing in huge loss to the city [...] Continue Reading »
Teaser loans are offered to ease a a borrower’s tension but nobody knows what is in store for future! A time being relief can be obtained by availing loans under teaser loan scheme. State Bank of India (SBI) had provided home loans based on teaser rate scheme three years ago. A home buyer had to [...] Continue Reading »
A new round of worries are about to hover on Indian real estate sector! According to a report by Jones Lang LaSalle, private equity (PE) funds who had invested in Indian realty are going to make an exit by 2012. The total loss of investment would be around $3 billion to $5 billion. The main [...] Continue Reading »
Samira Habitats, a real estate developer based in Alibaug have to let go of an equity fund called IndiaReit owned by Ajay Piramal. The main reason for this exit is that the investment tenure of IndiaReit is over and has to be renewed again. The equity fund based company can only make an exit if [...] Continue Reading »
The Brihanmumbai Municipal Corporation (BMC) has decided to slot Rs-400 crore project to stop the sewage problems in Mumbai city. The project aims to improve the sewage system in low-lying western suburbs. Sewage problem in city’s low lying areas are increasing with the population. Also 48 chronic flooding spots will be tacked off under the [...] Continue Reading »
It came as a shocking news when Brihanmumbai Municipal Corporation (BMC) has shown interest in applying the property tax on every slum dweller staying in the city. Slum dwellers residing in the chawls, whether legal or illegal have to abide by the rule. According to a report, around 52.5% of the population in the city [...] Continue Reading »
There would not be an element of surprise if there is any hike in property prices in future. Come New Year and there might be an upward trend in property prices due to stamp duty! Mumbai Revenue Minister stated that there might be a rise in ready reckoner rates by 20-30% which in result will [...] Continue Reading »
Today Mumbai real estate industry is facing serious problems and this has been happening because of the improper governance in the real estate sector. Rs 800 crore worth real estate deal is bouncing in the hands of top city builders encouraging illegality in it’s construction and transactions. The state government itself agrees saying that the [...] Continue Reading »
