Properties in Mumbai
Around 47 residential real estate projects in Mumbai have been stalled as they have not followed the green norms as advised by the union environment ministry office. The construction work of these projects have been stopped due to their non-adherence with the environmental laws. These properties in Mumbai have been stalled for more than 12 [...] Continue Reading »
Paying stamp duty on property transactions is going to be easier now. The task of going around multiple offices will be eased very soon. To make the stamp duty collection system easy, Maharashtra cabinet has approved a new model under which authorized banks will collect stamp payments. With this the whole system will be secured against [...] Continue Reading »
With the rates of properties in Mumbai touching sky, Maharashtra Housing and Area Development Authority (MHADA) has come up with a scheme to provide low cost houses in the city limits of Mumbai. MHADA will team up with different builders in joint ventures to provide 40,000 low-cost houses through this model. These developments will be mostly in [...] Continue Reading »
Brihanmumbai Municipal Corporation (BMC) has been directed by the Supreme Court to clear down six illegal buildings at Worli Naka. The six buildings have occupants who have moved into the units twenty five years back. The illegal buildings which include Esha Ekta, Patel, Orchid, BY, Midtown, and Shubh had been constructed by four seperate developers [...] Continue Reading »
With the growing urbanization and the need for affordable housing in the country, Union Minister for Housing and Poverty Alleviation feels that the developers can manage the situation. The challenges of these two factors are growing in the metro cities of India, but he feels developers can handle the challenges. Approximately 50% of the population [...] Continue Reading »
Brihanmumbai Municipal Corporation (BMC) has now planned to seek suggestions and objections for wastewater recycling in the city. The bylaws of wastewater recycling which was made three years ago for new properties in Mumbai was not taken seriously then. Now, the civic body want to make the recycling process mandatory and plans to ask for [...] Continue Reading »
Brihanmumbai Municipal Corporation (BMC) has taken an initiative to promote rainwater harvesting in the city. To start with, the civic body has planned of training the senior citizens of the city of good effects of saving water. This workshop was recently held in the BMC headquarters. The workshop went on for three hours which was [...] Continue Reading »
With the introduction of Union Budget 2013, experts have claimed that the incentives will be of no use for home buyers in Mumbai. The real estate incentives are also claimed to create some problems with the buyers as the flats will cost more due to 1% tax on transfer of properties in Mumbai. To make things [...] Continue Reading »
Now that Brihanmumbai Municipal Corporation (BMC) has given grace period for the citizens to pay their property tax by March 31, it is not able to collect pending revenue from several central and state government agencies for the past several years. According to a data, BMC has to collect property tax worth Rs 155 crore on central [...] Continue Reading »
Goregaon, once known as a middle class residential locality has now turned as one of the wealthy suburbs in Mumbai. The locality enjoys features like easy accessibility, proximity to the railway line by the Western Express Highway and the Linking Road, making it one of the sought after areas today. Many prominent developers like Oberoi Realty, Sunil [...] Continue Reading »
