property in Mumbai
The property price in Mumbai is touching the sky and it has become impossible for home buyers to even think of buying a property in Mumbai. However, there is an area called Badlapur where affordable houses are available in the range of Rs 17-30 lakh. The area is witnessing a huge demand because of affordable housing. [...] Continue Reading »
The market is expecting a price correction for the larger township projects in Mumbai, as large inventory involvement in those projects may exert a downward pressure on prices. However, in a recent report by a real estate consulting firm, it is reported that the cost of residential property in Mumbai will start rising in coming [...] Continue Reading »
The Bandra-Khar popularly known as Mumbai’s costliest real estate belt is experiencing unrealistic property prices. As well known, the property prices across India is showing clear signs of real estate market meltdown. Down the lane, within a span of six years the prices of property in Mumbai is spiraling from Rs 15,000 per sq ft [...] Continue Reading »
The development control regulation made some changes in the regulation and follow up to this several projects will be launched in next few months. This leads to clearing the projects which were pending from long time. According to a real estate research organization there are more than 1lakh unsold apartments in the Mumbai region. Hence [...] Continue Reading »
The Mumbai civil court has ordered the demolition of an under-construction building in Borivli (W). The judge has ordered Himanshu Shah of Noopur Developers to pull down the structure within four months from the date of the decree. The case dates back to August 2009, when 43 members of wings A and B of Megh [...] Continue Reading »
Under the new capital value-based system property taxes are likely to go up in south Mumbai, while residents in the suburbs may get some relief from the current property tax levels.The new system was announced on 1st April 2010, but has not been enforced as the tax rate has not been fixed yet. The civic [...] Continue Reading »
The government insisting that developers follow the carpet-area norm but the revenue department continues to charge stamp duty on the basis of build-up area. According to Maharashtra Chamber of Housing Industry (MCHI), the Brihanmumbai Municipal Corporation (BMC) sanctions building permission plans on the basis of built-up area. The Maharashtra Chamber of Housing Industry (MCHI), a [...] Continue Reading »
