Mumbai
Mumbai government is shocked and worried to see a major slump of real estate for the fiscal year 2011. The overall revenue target for the current fiscal account has been reporting a major drop down. The eastern suburbs have traced a major drop in the real estate transactions. Rising property rates, inflationary pressures and constant [...] Continue Reading »
The service tax department in Mumbai traced that builders in the city had collected nearly Rs.50 crores as service tax but never seemed to have paid the same to the government. In concern with this trace, recently the service tax department collected Rs.20 crore from several builders in the city. These builders also promised to pay [...] Continue Reading »
Brihanmumbai Municipal Corporation (BMC) was busy alloting tenders for pay and park lots across the Mumbai city. Bombay high court (HC) meanwhile has freezed the process of tender upheld by BMC following a petition which is alleging the discrimination in payment norms. The new tender policy assigned 50% reservation for Mahila Bachat Gut, 25% for [...] Continue Reading »
Brihanmumbai Municipal Corporation (BMC) recently filed an First Information Report (FIR) against nearly 15 people for encouraging the illegal erection of stalls. FIR has been filed under “Maharashtra Region Town Planning Act” at the Chembur police station limits. The civic officials were reported saying, the shops will be sent a court stay order with a [...] Continue Reading »
Patel Nagar in west Delhi, is all set to welcome Raheja Phoenix the city’s first tallest building. Raheja Phoenix, a residential project is walled city’s first skyscraper providing best of best elite’s in residential preferences. Even though it is early to estimate the success of this project, Delhi known for its huge bungalows has, left [...] Continue Reading »
Recently Mumbai city municipal officials were blamed off for not collecting the waste at regular intervals, also segregation of waste were kept pending since months and this resulted in the untidy environment of the city. Meanwhile, Brihanmumbai Municipal Corporation (BMC) has been traced burning off the wastes dumped in the garbage sites and this has [...] Continue Reading »
Pumping stations are been planned off to be installed in Mumbai city to avoid damaging after consequences of the floods. Brihanmumbai Municipal Corporation (BMC) has planned well to install the same in almost 67 flooding areas in the city. However this plan can take floors only when BMC completes storm water disposal (Brimstowad) project. The [...] Continue Reading »
Apartment environment becomes chaotic with limited parking spaces in them. Same scenario has occurred at studio apartment in Khar, Mumbai city wherein the resident Artem Kumar, reports saying that from past six months he has been rented in a studio apartment and since then he claims to be fighting with the managing committee and also [...] Continue Reading »
The government in Mumbai is all set ready to introduce a draft of Real Estate Regulation and Development Bill of the year 2011. The reason behind government postponing the release of this draft is that, the draft will now be introduced and comments will be taken as a feedback and duly amendments will be made [...] Continue Reading »
Real estate prices boomed in the recent times and the property buyers are nowhere interested to purchase one at this point of time. These reasons have left nearly 32000 flats in Mumbai city unsold. Its a fact that the fluctuating real estate rates are scaring the property buyers in the city. Also the real estate [...] Continue Reading »
