Properties in Mumbai
The demand for commercial real estate in Mumbai has witnessing a lower trend as the market is oversupplied by available properties. As the demand for apartments in Mumbai has reduced in last year, most of the builders in Mumbai have shifted to construction of commercial properties, which has increased the supply level. Now the developers [...] Continue Reading »
The capital value-based regime and contending new property tax rule of Mumbai goes to High Court for proper justice. In a petition the applicant has said to the court that the present tax hike for the properties in Mumbai is unequal and is injustice to certain property-owners in the city. Under the new tax regime, [...] Continue Reading »
The state government has proposed to give 2.5 floor space index (FSI) to dilapidated buildings in the Mumbai Metropolitan Region. With this decision the builders will get the chance to construct more apartments, which will definitely increase the supply of the properties in Mumbai region. The government officials have confirmed that the decision to give [...] Continue Reading »
The residential projects in Mumbai has started getting approval for their constructions. Recently a luxurious residential project in central Mumbai got the approvals needed to start construction. The project was launched by India bulls Real Estate Ltd. The builders and developers in Mumbai are now hopeful that project launches will resume in Mumbai, after a [...] Continue Reading »
The residential property market in Mumbai has shown a negative growth of – 9.1 percent by the year ended in March 2012. According to a realty analyst firm, the performance of the sales market in Mumbai real estate has suffered by the global crisis. Though the cost of properties in Mumbai [...] Continue Reading »
The construction of a 61-storey structure under the Slum Rehabilitation Authority (SRA) scheme has stopped. The construction was started on Eastern slopes of Cumballa Hill by Halkara Builders Pvt Ltd. The builder has stopped the construction of the apartments as the land is slide prone. There is another apartment which stands above the slopes on [...] Continue Reading »
The cost of new real estate projects in Mumbai are increasing sharply. But the cost of properties for resale have not increased since 2010. According to a real estate research firm, the developers are artificially raising the cost of the new launched properties. According to a report by the registration department in Mumbai, there has [...] Continue Reading »
Maharashtra Housing and Area Development Authority (MHADA) has planned for a joint venture with private developers to construct residential apartments in Mumbai. MHADA took this decision, as the cost of the properties are rising beyond the reach of the common man and there is a huge difference between demand and supply of residential apartments in [...] Continue Reading »
According to a recent survey made by a consulting firm, residential properties in Delhi are selling much faster than any other cities in India. According to the survey, Delhi has almost 1.6 million units of unsold apartments and it will only take almost 23 months to sell these apartments. The reasons behind the speedy sale of [...] Continue Reading »
