Navi Mumbai
The Navi Mumbai Municipal Corporation (NMMC) must not allow builders to sell 20% of the total area of the property till they meet necessary norms and procure the occupancy certificate. Such a policy will help curb violations. Not even 5% of builders procure building commencement and completion certificates. This is a gross violation. Those buying [...] Continue Reading »
The burden of high land prices quoted by builders is ultimately borne by the customers who are already affected by high rate of Housing loans and service tax. The Navi Mumbai secretary of Maharashtra Chamber of Housing Industry, Manohar Shroff, said the fact that plots were being bought through the tender process at very high [...] Continue Reading »
Mumbai realty experts feels Mumbai property prices likely to drop. Though not all realty experts may agree on that, the general sense is that prices will correct by at least 15 per cent in the next six months. With 93,000 under-construction properties and ready-for-possession homes still unsold, the ‘weighted average’ cost of a flat in [...] Continue Reading »
After a one-year period starting in the third quarter of 2009,the Mumbai residential real estate market has been seeing a slowdown. The key reasons behind this slowdown are higher prices, higher interest rates impacting affordability, lack of liquidity, scams diluting investor sentiment – and, to a lesser extent, excess supply in a few micro markets. [...] Continue Reading »
Housing societies feel this is the right time to redevelop their properties and encash on it. More than 15 housing society redevelopment proposals in Mumbai and suburbs have come up in the past three weeks. This is mainly because residents want to take advantage of the current high property prices. Currently, they are in a [...] Continue Reading »
The Brihanmumbai Municipal Corporation (BMC) has increased the period of making suggestions and objections in connection with the proposed circular of evaluation of the new property tax system by a month. The property tax will be computed on the basis of capital-value system. Earlier, property tax was computed on the basis of rent paid by [...] Continue Reading »
Navi Mumbai police launched helpline service for solving the problems faced by residents. The 24-hour helpline service is initiated by Navi Mumbai police commissionerate. The residents can use the service in case of problems,accidents, traffic movements, congestion, or for information regarding traffic police service and traffic complaint. For information regarding the jurisdiction, branches and offices [...] Continue Reading »
The firing at Delhi’s Jama Masjid and a high alert in Mumbai has added to the woes of vehicle owners in the city. Following an emergency meeting on Sunday, Mumbai Traffic Police has ordered no-parking of vehicles within hundred meters of all major Ganpati pandals and two hundred meters of Lalbaugcha Raja. This will be [...] Continue Reading »
Brihanmumbai Municipal Corporation (BMC) is maintaining an e-database of all the Ganesh mandals to simplify the permission procedure.The e-database includes name of the mandal, location, size and permission period among other details. Electronic database of the Ganesh mandals simplifies the permission procedure and helps to book those mandals that flout norms. The Ganesh festival begins [...] Continue Reading »
Navi Mumbai’s senior citizens are planning to organize a mass protest on August 16. Dr. SP Kinjawadekar, ‘All India Senior Citizens Association‘ president and resident of Nerul regretted the ‘cold response’ of Central as well as State governments in solving problems of senior citizens. The mass protest will be held at Azad Maidan, CST, Mumbai [...] Continue Reading »
