Mumbai
It has been traced that several thousands of commercial space is lying idle in many cities like; Chennai, Pune, Bangalore, Kolkata, Delhi NCR. Developers in these cities have built up many buildings in huge spaces which is hardly being used. Real estate experts say that the commercial real estate market all over India is facing [...] Continue Reading »
Rs-320 crore property deal for one-storey bungalow owned by Jindal’s Windsor Residency on Carmichael Road in Mumbai fell down drastically. It has been learnt that Ajay Mittal of Arshiya International who was in a pace of buying Jindal’s property felt that the price offered was higher than the current market value. However, when media contacted [...] Continue Reading »
Today foreign direct investments (FDI) has increased the value of land which is resulting in the properties being un-affordable. In a city like Mumbai, if at all there is real estate talks happening, its all about price correction in the properties. Despite poor sales and falling property registration numbers, there is no idea as to [...] Continue Reading »
State expert appraisal committee (SEAC) has been delaying green clearances and this has brought a down feel in the Maharashtra Chamber of Housing Industry (MCHI), Mumbai. Therefore MCHI has put up the issue in front of the Union environment minister Jayanti Natrajan to get the case solved. The discussion of same issue happened at the [...] Continue Reading »
It might sound a little in-serious, however it’s a fact that the residents who are fed up with unbearable traffic noise are shifting to outskirts of the city. This has left many vacant properties in city main roads, bringing in huge loss to real estate market. The situation remains same for residential properties, commercial buildings [...] Continue Reading »
Brihanmumbai Municipal Corporation (BMC) will be stopping the water supply to the western suburbs on December 8 and 9, 2011. BMC has decided to replace the water pipes and the works might be carried over to other couple of days, therefore has asked the residents of Mumbai to co-operate with the same. Some areas like; [...] Continue Reading »
Mithi river located in Mumbai has been famous for its stink, filled with debris and garbage. Brihanmumbai Municipal Corporation (BMC) has been ordered to remove garbage within span of ten days. The fed up residents who are surviving in the surrounding areas of this river had long back filed public interest litigation. To stop illegal [...] Continue Reading »
The standing committee in Mumbai took a back step in passing on the property tax proposal. Understanding the modalities of the new property tax system has been a major issue. Therefore, to understand the administration, standing committee has asked the municipal department to come up with a presentation to get a clear picture of proposed [...] Continue Reading »
Brihanmumbai Municipal Corporation (BMC) is all set and ready to introduce new projects that will be discussed in the upcoming civic elections. Overall idea is to set up new sewage treatment plants across the city in Mumbai. Also BMC experts say that the bid for constructing new sewage plants has already been started and at [...] Continue Reading »
There seems to be no barrier to the raising property rates in Mumbai city. Its unbelievable that a property measuring 1,700 square feet in Prabhadevi (Mumbai) was sold for Rs 6.5 crores. Now this area, Central Mumbai has become a prime residential location only because it is accessible from other areas. Also this area has [...] Continue Reading »
