Projects in Mumbai
A builder was asked to pay compensation of Rs 2 lakh to a couple by the Maharashtra State Consumer Commission for cancelling a booking of a flat. The builder cancelled the booking when the Thane based couple denied to pay Rs 1,000 per square feet which is more than the booking rate. The couple booked a 1,200 sq [...] Continue Reading »
Ampulus Capital Advisors, a fund management company formed by the promoters of the Ahmedabad-based Arvind Group, has floated a realty fund with a target of raising Rs 200 crore. The fund mainly focuses on investing in Gujarat real estate projects. The firm has already raised Rs 100 crore and it hopes to distribute the fund [...] Continue Reading »
It is reported that more than half of Mumbai’s luxury apartments, both developed and under construction, remain unsold. It is found that more than 3300 luxury apartments were developed in Mumbai and priced in a range of Rs 10 crore to 100 crore. The regulatory uncertainty, surging prices and supply glut had prompted the super-rich [...] Continue Reading »
Ajay Piramal-backed Indiareit Fund Advisors Pvt. Ltd has raised a Rs 250 crore fund that will be invested solely in redevelopment projects of slums, old housing societies and ceased buildings in Mumbai. The real estate fund has planned to raise another Rs 200-250 crore before closing the fund in a couple of months. According to [...] Continue Reading »
Slum redevelopment schemes as well as redevelopment of old ceased-buildings are playing a key role in real estate development projects in Mumbai. The redevelopment projects will be taken on high priority as the availability of unoccupied land is very less in Mumbai. DB Realty, Tata Housing, HDIL, Unitech, Godrej Properties, Kalpataru group, Omkar Realtors, Hiranandanis, [...] Continue Reading »
It is analyzed by a real estate consultant firm that Mumbai has a deeply ingrained work culture. The people of Mumbai always prefer to stay in a place which is closer to their work place. As many companies are expanding their process in the suburbs, new commercial and residential projects are coming up rapidly in [...] Continue Reading »
As the availability of open land in Mumbai became limited, most of the builders in the city are looking at investing in redevelopment projects in Mumbai. According to real estate analysts, the growth of real estate, particularly the fresh supply of apartments, depends on the redevelopment projects as the amount of unoccupied land is very [...] Continue Reading »
North Mumbai has become the preferred choice for developers to undertake new housing projects. In a recent survey, it is found that the Andheri-Dahisar belt has seen major construction, with 55 per cent of the new supply of residential units coming up in this area in the first quarter of 2012. Last year the construction [...] Continue Reading »
It is reported by a real estate consulting firm that the cost of residential property in Mumbai will start increasing in coming months. The demands for the affordable apartments are increasing, which will help the builders to keep the cost of the properties higher. The report has also said that the cost of properties in [...] Continue Reading »
The Mumbai-based real estate developer DB Realty Ltd has posted lower revenues in the quarter ended 31 March. It is found that the total revenue earned by the builder is reduced to Rs. 97.71 crore from Rs 391.8 crore, while the net profit has increased by 152 percent to Rs 20.26crore. The company has also [...] Continue Reading »
