Nariman point
Mumbai- Fire brigade officials have said that a fire broke out in Nariman Point area. They said that the incident happened in the office of the Mittal Towers on the fifth floor but they could find the reason for the fire. The fire was brought under control with the help of four fire engines and [...] Continue Reading »
Andheri East has become the new commercial hub of Mumbai. The area enjoys good connectivity through Jogeshwari-Vikhroli Link Road (JVRL), Andheri Kurla Link Road, the Versova-Andheri-Ghatkopar metro link and it has benefited the markets of Andheri East. Andheri East has a cost advantage over traditional commercial hubs such as Bandra Kurla Complex (BKC) and Nariman [...] Continue Reading »
According to reports of BNP Paribas Real Estate, rental values of office space in Mumbai has witnessed a decline. Sequential decline in the range of 3 per cent to 11 per cent is seen during the quarter ended June 30. The report shows that rent came down in central business district Nariman Point by 3 [...] Continue Reading »
While there has been a slight surge in the leasing of prime commercial spaces across key cities in 2012, Mumbai’s commercial market is still witnessing supply exceeding demand. According to a survey by CB Richard Ellis, office space absorption was registered at above 7 million sq ft in the second quarter of 2012, compared to [...] Continue Reading »
Next to Nariman Point and Fort, Bandra-Kurla Complex (BKC) has emerged as the biggest commercial hub in the last few years. As more office complexes are coming up in the place, demand for residential properties in Mumbai also increasing in the place. For Bandra Kurla Complex a master plan has been created that consists of [...] Continue Reading »
The reality of real estate in Mumbai is covered by high prices, low rentals, no absorption, falling demand and an overheated market. The demand and absorption rate of office space in Mumbai is sluggish for a long time. Though there are few high scale of sale is happening in the office space section, the overall [...] Continue Reading »
It is known to all that the South Mumbai business hub of Nariman Point has traditionally commanded the most expensive rentals in India and has been among the top 10 costliest spaces in the world. The trend has changed, and it is recorded that the rent for commercial properties in Noida are costliest in India. [...] Continue Reading »
Air India planned to lease out two main office in Mumbai and Delhi to increase the inflow of revenue. The total office space available in two of the location are around 1.5 lakh sq ft. The analysts expects that the national carrier can earn up to Rs 500 crore through the proposed leasing of the [...] Continue Reading »
Most of the residents in Mumbai are finding it difficult to cope up with the less parking spaces in the city. Areas from Cuffe Parade to CST lack much of parking lots even though this part of the city was one of the initial areas to be modelled and developed. The A- ward can accommodate [...] Continue Reading »
As per latest research report, BMC is yet to recover Rs 8,014 crore as it stands pending from defaulters in Mumbai. The civic body is set to change the rateable procedure of property tax collection to capital value-based. But this recovery of such large amount has come as a shock to the corporation. According to [...] Continue Reading »
