Mumbai
The impact of fluctuating property prices have left the developers and builders worried! In the same context, the Maharashtra government has sent a request to Union ministry of environment and forests (MoEF) to give nod for green clearance at the earliest. It has been learnt that SEAC and SEIAA are the two major government bodies [...] Continue Reading »
The rate of slums in India are more than countable. Even though slums are emerging from two or three decades, it comes as a surprising news that only less than 1000 families claim ownership. Even today Dharavi in Mumbai, once Asia’s largest slum till date has more than 59,000 tenements in it and hardly 20 [...] Continue Reading »
In today’s era it is no longer only the owners whom you have to impress for getting an apartment. Society members also have to be impressed by your daily habits and behaviour! Housing societies decide a tenant’s fate by checking his/ her eating habits, king of guests he invites, number of tenants residing in one [...] Continue Reading »
In Pune, a residential bungalow which is a part of villa development project was sold for Rs 1.61 crore. This bungalow is spread across an area of 3,300 square feet with a four-bedroom unit. Pune today has a capital value of about Rs 5,000 per square foot. Holiday homes which is spread across in the [...] Continue Reading »
A group housing project is being launched in Undri, Maharashtra which is spread over 8.64 acres of land. The project will be a group venture of Godrej Properties and Mosiac Landmarks, local builder settled in Pune. The project will offer 2, 2.5, 3 BHK and penthouse apartments in total of 5 lakh square feet area. [...] Continue Reading »
The Mukesh Mills land construction chaos seems to be never ending, either of the conclusions are being decided in Mumbai. Now, it’s Indian Navy who has come forward to seek permission from Bombay High Court to commence construction on this land. The whole idea of Indian Navy is to allow them occupy construction on Mukesh [...] Continue Reading »
Homi Patrawala, a fort-based developer in Mumbai was arrested for cheating on a purchase of a bungalow plot at Khar. This developer was held for duping Ashok Mohanani of the Ekta Group for a sum of Rs 6.5 crore. The economic offences wing (EOW) of the Mumbai police after a detailed investigation, came to a [...] Continue Reading »
Recession hitting the job markets also had a bad impact on commercial spaces! Due to the current economic scenario, demand for office spaces in metro and major cities in the country has gone down drastically. In April-June quarter, the demand was 10.5 million sq ft area and in July-September quarter, it has fallen down to [...] Continue Reading »
Brookfield Asset Management, a Canadian firm has teamed up with Peninsula Land, a branch of Ashok Piramal Group and planning to invest Rs 500 crore fund in real estate sector. It is a joint effort and the fund will initiate from April 2012. The fund will also have an over allotment option of Rs 150 [...] Continue Reading »
It came as a surprising news for the BEST vigilance department, which recently learnt that the slum dwellers in south Mumbai are faking the power bills. The same was discussed at the BEST committee meeting. But later on the truth came into light that this was a fake complaint lodged by Political committee member Masood [...] Continue Reading »
