Mumbai
Builders have again started charging residents and property buyers for parking spaces in spite of Supreme Court’s order. Earlier this year, some of the builders were planning to crouch in cash for parking slots. Their plans got approved by BMC and they were able to cash in money for illegal activity. However SC dismissed the [...] Continue Reading »
Traffic comes as bumper to Mumbai commuters. The pathetic situation of the commuters in the city seems to be never ending. Even during the midnight the traffic is un-imaginable! The highways and flyovers are always flooded with car traffic. According to the recent survey conducted by “IMRB Quality Of Life Survey” Mumbai city stands in [...] Continue Reading »
Recently Brihanmumbai Municipal Corporation (BMC) has asked renowned telecom service provider, Airtel to pay property tax on mobile towers which are put up on flyovers. To this Airtel has filed a case against BMC claiming the tax is illegal in all ways. The towers were set up on flyovers in April 2008 after Maharashtra State [...] Continue Reading »
The water distribution system in Mumbai city is shortage of 800 million litres a day (mld). It is a fact that Brihanmumbai Municipal Corporation (BMC) is also finding tough to manage the present water chaos. The untidy and contaminated water supply is adding on to the pain of residents in the city. However, to solve [...] Continue Reading »
This news comes in as an hurricane! Finally the developers have started cutting down the property rates. This was the royal time all the prospective buyers were waiting for! Unbelievable property rates in Mumbai have come down by 10 to 30 percent. Just to survive in this sluggish real estate market, the city developers are [...] Continue Reading »
No worries do these overseas realty investors have, even during the time of recessions. Global contractors are looking forward to invest in India and China which are still considered as growing countries. Similar case has been witnessed in central Mumbai, wherein one of the West Asia-based firm was successful in signing a residential project with [...] Continue Reading »
Unlike the other Indian metro cities, Mumbai today is out standing in concern with real estate transactions. Unbelievable! Midst poor infrastructures like; roads, parks and many such, still the residential rates remain too expensive. Real estate experts say that the city’s real estate market is overpriced and money has become a major concern to the [...] Continue Reading »
When compared to previous three years, Mumbai being a hot realty spot in India has witnessed 100 percent fall in real estate sector. The burnt of this fall has hit the property investors who buy property only for the investment purpose. Real estate experts say that the real estate returns have diminished by 50 percent [...] Continue Reading »
Diwali 2011 was not at all productive for Indian real estate especially in Mumbai. It has been witnessed that throughout the year, the real estate sales continue a lucrative one! Previous year Indian real estate during the Diwali season recorded 5,791 sale deeds and in recent times it has been recorded as 4,633 sale deeds [...] Continue Reading »
The Suman Nagar flyover on the Eastern Express Highway in Mumbai has been diverting commuters with the confusing routes. The commuters complain about the absence of sign boards to alert them the directions towards Navi Mumbai and Thane that is ahead of the flyover. Also flyover holds good for many backlogs as it was partially [...] Continue Reading »
