Properties in Mumbai
Developers in Mumbai who have plans of building highrises in the city can relax a bit. Union environment ministry is set to relax the vertical limit norms of highrises in the city. Last year in April, the environment ministry had sanctioned norms related to height of the building with the width of a road and [...] Continue Reading »
Godrej Properties, one of the renowned names in Mumbai real estate, has jointly ventured in a project in Undri, Pune. The group is planning to develop a 1.5 million sq. ft residential project in Pune. On April 1, 2013, the company entered into a new joint venture project in Undri, Pune. The project site spreads over 31 acres [...] Continue Reading »
Ahmedabad- Mumbai based leading realty firm Godrej Properties has sold 150 apartments in just three days of launch of its affordable housing project “Godrej Garden City”in Ahmedabad. The company is also planning to open bookings for fifth phase of the same project on April 1, 2013. It expects a good response from this move. The [...] Continue Reading »
Maharashtra government has finally implemented the long pending property registration rules to protect property buyers against frauds. These rules will be public from 1st of April 2013. The state has approved the rules after three years the state legislature approved landmark amendments. The main motive is to stop the fraudsters from selling the same property [...] Continue Reading »
The Maharashtra Government has decided to give the developers in Mumbai an opportunity to use 100 percent of basement area in an upcoming building for parking facility. This initiative has been taken by the state in an attempt to avoid the parking woes caused by the occupancy of roadside spaces by cars. Currently, only 50 [...] Continue Reading »
Mumbai- City based leading realty firm Godrej Properties has signed two redevelopment agreements in two consecutive days with two private societies. On March 28, 2013, the company inked redevelopment pact with Sunder Sangam Cooperative Housing Society in Malad suburb of Mumbai. On March 29, 2013, the company signed its second redevelopment project with Sahakar Nagar [...] Continue Reading »
A bad news is in store for tenants and owners of flats in Mumbai! Stamp duty is going to be dearer for flats in the city after the recent announcement of budget by state finance minister on 20th of March. The hike in stamp duty will be applied for both rentals as well as leave-and-licence [...] Continue Reading »
The booking of properties in Mumbai has witnessed a rise of 26 percent in January this year. As per reports, sales registration of properties have gone up. However, if month by month analysis has to be done, then the growth was merely 10 percent higher than the previous month, December. In that particular month, a [...] Continue Reading »
The new property tax system proposed by Brihanmumbai Municipal Corporation (BMC) has been challenged by a PIL in the Bombay High Court recently. The new property tax bill will be applicable from April 1, 2013 but has been caught amidsr many controversies. An activist named Rajendra Thacker has filed the PIL which states that the [...] Continue Reading »
Hindustan Unilever Ltd (HUL) is now thinking of disposing of its residential properties and plots after selling/leasing out its commercial properties last year. The consumer goods giant is focusing on selling these properties basically in the metro cities which can garner revenue of Rs 100 crore. About two dozen apartments and land parcels in posh [...] Continue Reading »
