Navi Mumbai
Sumit Jain, the Co-founder and CEO of CommonFloor.com has observed an interesting trend over the last one year in the Indian real estate market. There is an increased demand for ready-to-move-in properties. The main factor which is responsible for this rise in demand is the inordinate delay in project delivery. Due to this the home [...] Continue Reading »
Private equity fund BlackSoil Realty Fund–I has completed its maiden investment of Rs. 30 crore in real estate firm Sheth Developers through a mezzanine structure. Promoted by Shashi Kiran Shetty, Chairman and Managing Director of Allcargo Logistics, and Gnanesh Gala, Managing Director of Navneet Education, the fund has its focus on the Mumbai, Navi Mumbai [...] Continue Reading »
CIDCO (City and Industrial Development Corporation) had appointed a Committee, headed by Mr. N V Mirani the former Principal Secretary, to survey the present condition of buildings constructed nearly 20-25 years ago in Navi Mumbai. The Mirani Committee, which submitted its report recently, stated that the buildings have become decrepit due to the lack of [...] Continue Reading »
The City and Industrial Development Corporation (Cidco) will soon build a modern township. It will take up the pilot project of 38 sq km on the 600 sq km of the Navi Mumbai Airport Influence Notified Area (NAINA), close to the new airport in Panvel taluka. The plot earmarked for the pilot project, is as [...] Continue Reading »
The Thane district region is apparently becoming one of the most preferred regions for people looking to purchase a home in the vicinity of Mumbai. Going by the various property portal study, there currently are 30 new residential projects in different stages of construction in the region. Nearly 93 percent of the Thane-region residential units [...] Continue Reading »
A five-year analysis of the price trends of residential realty market across 11 cities reveals that the areas of Navi Mumbai and Thane have recorded the highest percentage increase in flat prices across the country. According to the report by JLL (Jones Lang LaSalle), a firm offering specialized real estate services to its clients, the [...] Continue Reading »
On Wednesday in Navi Mumbai, an illegal building was completely demolished by the officials of the Controller of Unauthorized Construction (CUC). This took place in sector 12 of Juhugaon on a plot belonging to Cidco. This is not the first, but a second time in which we see the officials taking up the cumbersome task [...] Continue Reading »
Residential development is touching new heights in Kharghar – which is a node city of Navi Mumbai – which is fast-becoming one of the most sought-after destinations for the launch of new plush residential projects. The increasing popularity of the Kharghar area for new residential projects launches can easily be gauged from the fact that, [...] Continue Reading »
Apart from the approval for the airport project of Navi Mumbai, the state budget which was presented on Thursday did not contain much concrete decisions in matters of pushing forward the reforms of infrastructure and transport for the metropolitan area of Mumbai. One of the reliable sources who has been working quite closely with the [...] Continue Reading »
Since property values are touching new highs in major localities of Mumbai, the suburb areas are coming up as promising investment options within affordable budgets. The plots in the area are of varying sizes, starting from 1,000 sq ft. The value quoted is Rs 450 per sq ft. Being a freehold plotted development, the buyer [...] Continue Reading »
