Projects in Mumbai
Due to the price correction, home prices in NCR regions and Mumbai will reduce after a long time. Increased property prices, lower demand and liquidity issues have resulted in pushing the prices lower in various markets which has recently resulted in price appreciation. As per reports, there was an increase in property prices in Gurgaon [...] Continue Reading »
Developers from small cities are eying on the real estate sector of Mumbai. Mumbai real estate has been rising in recent times, though it is known as one of the toughest property markets owing to difficult building regulations, shortage of land and high prices. Builders from Kolkata, Pune and Bangalore are entering into Mumbai real [...] Continue Reading »
Larsen & Toubro has recently launched a project L&T Emerald Isle at Powai. The project got good response and nearly 300 apartments were sold. The project was open to the public on January 31 at 15,500-19,000 per sq ft. The booking was closed in three days and the project may re-open soon but likely with [...] Continue Reading »
BMC has claimed that no new taxes and charges will be included in the BMC budget to be announced for 2013-14 financial year. Also, the civic body is unlikely to announce any new projects or schemes in the next fiscal year. BMC is all set to recover Rs 29,000 crore to Rs 30,000 crore budget [...] Continue Reading »
Now, investors are shifting bases from current projects to new positions in real estate sector. This is happening even when a few luxury housing projects were sold off within days of their launch. Over the past three months, stocks of real estate companies have come up to 30-50% thinking that declining interest rates will help [...] Continue Reading »
The real estate private equity arm of Piramal Enterprises, Indiareit Fund Advisors is to invest about Rs 250 crore in two projects in Mumbai and Pune in next one month. One of the projects is a slum project in Mumbai and the other one is a residential project in Pune. The Piramal group is currently [...] Continue Reading »
Mumbai- The luxurious residential project “Codename Blue Moon” by Lodha Group has received applications of more than 1000 people, which is double the number of units that are on offer. For this project, Lodha Group made the largest real estate transaction from DLF in the year 2012. This premium residential development will be built on 75,000 sq [...] Continue Reading »
Mumbai- Mumbai-based realtor, Disha Direct, has launched a premium Goan theme residential project at Alibaug, near Mumbai, with an initial investment of Rs 10 crore. The developer, which is mainly into second home business, has launched Cidade Vida which uncovers profitable investment. According to the developer, Alibaug was chosen to launch the project because it [...] Continue Reading »
Kanakia Group has changed its focus from commercial projects to redevelopment of residential projects in Mumbai. Its promoters recently sold a stake in Cinemax India Ltd, a multiplex chain to PVR Ltd because the group is planning to focus on residential developments. Kanakia Spaces Pvt. Ltd, a Mumbai based developer is in talks for the [...] Continue Reading »
Over 400 files were missing related to construction projects in the city. Most of these files relate to controversial projects which came to light after some activists and people investigating illegalities sought them under the Right To Information Act. Some months after filing their applications, they received replies saying the files could not be found. [...] Continue Reading »
