Properties in Mumbai
Non Resident Indians from all over the world and especially UAE have their eyes on Mumbai properties. They look at the investments here for long term gains, which is why the commercial hub of India has been upped as the best place to put money into, more than Bangalore says a source. With 31.86 percent [...] Continue Reading »
The BMC recently has been the cause of much public despair and angst, for considering a proposal that would bring construction activity under the purview of local body tax (LBT). The recently introduced Local Body Tax (LBT) in Maharashtra empowers the local civil body to levy taxes on traders for importing goods into the city. [...] Continue Reading »
In the Jan-Mar 2013 quarter, Mumbai has witnessed a slow down in the property launches. If sources are to be believed, then it was less than the Oct-Dec 2012 quarter launches which may be due to festivals like Diwali. As per research firm Liases Foras, in the Oct-Dec 2012 quarter, all over India including Mumbai [...] Continue Reading »
Mumbai- Bollywood actress, Shilpa Shetty has launched a real estate company “Groupco Developers” in partnership with Hem Tejuja to develop housing projects in collaboration with landowners across the country. Hem Tejuja, a first generation entrepreneur is also a partner in Shilpa’s online property brokerage business. Groupco Developers is an equal sharing joint venture which mainly [...] Continue Reading »
Property prices in Mumbai are forecasted to come down due to factors like high prices, lower demand and liquidity issues. Also, at the same time due to no new launches in Gurgaon, prices may go up, as per a report by Bank of America Merill Lynch. As per reports, in last ten years, property prices in Mumbai have [...] Continue Reading »
BMC is coming up with a new mechanism to find out and demolish the illegal constructions or the changes that have been done in a building or apartment in Mumbai by making a special team of officials who will be responsible for eradicating such structures. This motion will be public from May onwards where at least [...] Continue Reading »
With the increasing property deals of high value in the state, it has been forecasted that the stamp duty collection is also going to boost up. As per Inspector General of Registration and Controller of Stamps, revenue generated from stamp duty will be around Rs 2000 crore in the financial year 2012-13. However, the property [...] Continue Reading »
Pune Municipal Corporation (PMC) has plans of including the norms for setting up mobile towers in the city. This has been planned witnessing many mobile towers coming up in the city. This initiative will be a part of development control (DC) rules which will be included in the revised Development Plan (DP) for old areas [...] Continue Reading »
Brihanmumbai Municipal Corporation (BMC) is planning to eradicate the illegal mobile towers in the city. In the action, many housing societies are also going to face the heat because of the same. As per the civic body, around 1830 mobile towers out of 3705 towers in the city are illegal. Out of these, many have [...] Continue Reading »
The MCHI Credai property exhibition, which spreads across 200,000 feet of land, will be held from April 11 to 14, 2013 at MMRDA Grounds. This is the 21st Real estate and Housing Finance Exhibition, where home buyers are welcomed and make the decision on home buying. The developers is going to showcase 12,000 plus properties spread [...] Continue Reading »
