Navi Mumbai
With the introduction of Union Budget 2013, experts have claimed that the incentives will be of no use for home buyers in Mumbai. The real estate incentives are also claimed to create some problems with the buyers as the flats will cost more due to 1% tax on transfer of properties in Mumbai. To make things [...] Continue Reading »
Real estate in Navi Mumbai is getting affected as there has been internal fight among real estate developers, agents, owners, etc. Further, with the rising insecurities among developers, the sales are also going downtrend. One of the renowned developers is worried with the way real estate sector in Navi Mumbai is developing. The developers are [...] Continue Reading »
With the infrastructure development booming in Mumbai, the apex financial institute, World Bank shows interest in financing two mega projects in Mumbai. The projects include the Virar-Alibaug road-rail corridor and the development of 12 urban growth centres as satellite cities of Mumbai. The growth centres are planned in distant suburbs of Mumbai such as Kalyan, [...] Continue Reading »
Mumbai- Due to a reducing number of property bookings, the inventory of unsold properties in Mumbai is piling up which is further forcing the developers of the city to decrease property prices. According to real estate consulting firm Knight Frank, the number of unsold inventory of the real estate projects in Mumbai has increased by [...] Continue Reading »
A new residential township has been decided by industrialist Mukesh Ambani and his close aide Anand Jain to be launched in Navi Mumbai in the next four months. The township in Navi Mumbai has been planned after the state government’s recent approval of industrial policy which allows corporate firms, who had acquired land under the [...] Continue Reading »
A good news for property buyers in Mumbai! Now, is the correct time to invest in properties in Mumbai as there will be a slight depreciation in prices as per the real estate experts. For the first time in 3-4 years, the average price of residential properties in Mumbai and the Mumbai Metropolitan Region (MMR) [...] Continue Reading »
Property registration in Mumbai goes online! Downloading of property registration documents in Mumbai will be allowed very soon by the inspector general of registration (IGR). Now, citizens do not have to wait in queue to visit registration offices to get hard copies of the transactions. The departments at present receives four lakh requests approximately seeking [...] Continue Reading »
Now, it would not be difficult for commuters to travel from Navi Mumbai till CST as the Central Railway (CR) plans to introduce a direct rail link between CST and Vashi-Panvel via Thane. Currently, due to the mega block between Mankhurd and Vashi/Nerul stations, travellers go to Thane and then change trains on the trans-harbour [...] Continue Reading »
With the announcement of new industrial policy in Maharashtra, property prices are expected to witness a downtrend in metropolitan region, especially Navi Mumbai. As per new industrial policy, corporate groups are going to use 40% of their land to build commercial shops and housing projects in Mumbai. Furthermore, houses and shops can be built on [...] Continue Reading »
Sewri located on the eastern shore of Parel Island has recently turned many heads towards it for its affordability. A lot of construction work has been taken up in the locality in the recent years. This is due to the opening up of mill lands and the Mumbai Port Trust area. The locality has shown [...] Continue Reading »
