Navi Mumbai
Whilst the India’s first double-decker flyover— Santa Cruz-Chembur Link Road (SCLR) — has started providing much-needed east-west connectivity, experts suggest that around the stretch the real estate market is most likely to go up, which is being seen as a good sign. There has already been a jump of close to 25 per cent in [...] Continue Reading »
Commercial offices are moving up north and Nariman Point is seeing lesser takers. In fact, old Mumbai’s central business district (CBD) is losing its glory. A report by JLL, titled Mumbai Offices 2020, explains that the transition is due to lack of quality office stock and the complicated ownership structure that was evident throughout South [...] Continue Reading »
On Monday a Supreme Court bench, headed by the Chief Justice of India (CJI) P Sathasivam, requested a two-judge bench, headed by Justice Gyan Sudha Misra, not to hear a matter listed before it for a day following lawyers representing the City and Industrial Development Corporation (Cidco) complained of forum-hunting and sought de-tagging of its [...] Continue Reading »
Kent RO Systems water purifier maker would be investing Rs 100 crore to set up a new manufacturing unit at Noida. The required land for its third manufacturing unit has been allotted to the company and construction would commence soon. Mahesh Gupta, Kent RO Systems Chairman informed that the construction would commence as soon as [...] Continue Reading »
As per the data, Nerul, Airoli and Palm Beach, are localities that provides the real estate developers constant returns. These localities have witnessed an increase of 12 to 19 percent in the capital value in the last one year. The property experts mentioned that the approval of the Navi Mumbai Airport is the factor that [...] Continue Reading »
An arm of financial services company India Infoline or IIFL, IIFL Finance, is investing Rs 150 crore in real estate developer Wadhwa Group’s township project in Navi Mumbai. Some of its clients are also investing together with IIFL Finance. The investment has been made by picking up non-convertible debentures from Mumbai-based Wadhwa group for the [...] Continue Reading »
The India Infoline Ltd’s (IIFL) non-banking financial company and some of its wealthy clients have together invested Rs 150 Crore in a 500-acre Navi Mumbai township project of property developer Wadhwa Group. IIFL has purchased non-convertible debentures (NCD) from Wadhwa Group for the project, after three years of signing agreement with the Gulf Finance House [...] Continue Reading »
Ruling DF government is yet to decide on which proposal it should accept for redevelopment of old structures deadlock. NAVI MUMBAI: As the ruling DF government is yet to decide on which proposal it should accept for redevelopment of old structures deadlock over finalizing the FSI for decaying buildings in Navi Mumbai continues. City and [...] Continue Reading »
According to Brick Eagle, a financial services platform for affordable housing development in India said, by 2017 the property rates are expected to double in the Eastern Mumbai District (EMD) which encompasses Karjat, Neral, Shelu and Khopoli. It added, an upward trend incomparable to other areas in the real estate market the Property investment here [...] Continue Reading »
In Eastern Mumbai District (EMD) properties rates are expected to double by 2017. This is predicted by Brick Eagle, a financial services platform for affordable housing development in India. Brick Eagle says, “Property investment here remains a good, safe, low-risk investment with average rates of Rs 3000 per square foot and an upward trend incomparable [...] Continue Reading »
