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Real estate in Mumbai

Real estate of Maharashtra disappointed by state budget

Real estate of Maharashtra disappointed by state budget
The home buyers as well as the builders are disappointed by the proposals of the state budget of Maharashtra. The price of real estate properties were increased several times in past one year. The increased rate of home loans also added burden on the home buyers. Now the latest announcement of imposing additional 5% stamp [...] Continue Reading »

Real estate projects in Mumbai are on hold

Real estate projects in Mumbai are on hold
After the amendment made by the state government in Maharashtra, a large number of real estate projects went into hold for the time being. As new projects are stuck in red tape, the real estate sector facing a cash crunch . As approvals for new projects are not coming up, the cash flow for the [...] Continue Reading »

Living in Mumbai is not a easy task

Living in Mumbai is not a easy task
As the inflow of population towards Mumbai is increasing day by day, it is became harder for finding a home. The congestion of the city is increasing every day leading to space scarcity for the blue collared people. For those who are accommodating in rental houses has to search for new apartments almost after every [...] Continue Reading »

Cost of apartments in Mumbai may not reduce

Cost of apartments in Mumbai may not reduce
As the rate of service tax and excise duty has been increased in the budget, the property price in India may not reduce in near future. According to a report, the amendments made by Development Control Regulations (DCR) will increase the project construction costs for builders. The modified rule have revised the calculation of the  [...] Continue Reading »

Real estate builders in Mumbai want tax exemption in state budget

Real estate builders in Mumbai want tax exemption in state budget
The market scenario in real estate in Mumbai is under a huge crisis. The sale rate is decreased to an extent in last few months leading to a fund crunch for the sector. The sector did not get any better offer from the budget 2012 other than affordable housing projects are allowed to access External [...] Continue Reading »

Pay 30% and own your apartment in Mumbai

Pay 30% and own your apartment in Mumbai
Due to the cash crunch in the real estate market, the builders are coming up with new option to sell their projects. As the sales in real estate market is considerably low, the cash flow also reduced. It is not easy of getting bank loans now a days for the builders. To enhance the cash [...] Continue Reading »

Sales reduction leads to slow completion of residential projects in Mumbai

Sales reduction leads to slow completion of residential projects in Mumbai
It is observed that the completion of many residential projects in Mumbai are delaying now a days. Analysts says that the delay is due to the reduction in the sales in the property market. It is reported that more than 65% of the projects are being delayed in a range of six months to three [...] Continue Reading »

Effect of Budget on mumbai real estate

Effect of Budget on mumbai real estate
External commercial borrowings (ECBs) in the low-cost housing projects will enhance the real estate activities in the outskirts area of Mumbai. Demand for affordable low budget housing will also increase in Mumbai to avail the 1% interest subvention scheme on housing loan. The higher allotment of funds for the construction of highways and different infrastructure [...] Continue Reading »

Builder in Andheri constructed apartment in Parking area

Builder in Andheri constructed apartment in Parking area
The builder of the Green Wood apartment extended a flat in the parking space specified for the residents. The residents of the apartment appealed to civic body several times to demolish the extended work and make the space available for parking. After six months of struggle the builder accepted to dismantle the structure and to [...] Continue Reading »

More than 10% apartments in Mumbai are vacant

More than 10% apartments in Mumbai are vacant
According to the census 2011, more than 4lakh apartments are vacant in Mumbai. According to the experts the vacant apartments proves that the builders are holding those properties expecting a rise in price. The experts also said that all vacant apartment do not indicate that they are unsold. There are many instances that NRI’s bought [...] Continue Reading »



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