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Real estate in Mumbai

Rs 250 crore are raised by Ajay Piramal realty fund

Rs 250 crore are raised by Ajay Piramal realty fund
Ajay Piramal-backed Indiareit Fund Advisors Pvt. Ltd has raised a Rs 250 crore fund that will be invested solely in redevelopment projects of slums, old housing societies and ceased buildings in Mumbai. The real estate fund has planned to raise another Rs 200-250 crore before closing the fund in a couple of months. According to [...] Continue Reading »

New update on Adarsh Society Scam

New update on Adarsh Society Scam
Two accused in Adarsh Society scam were granted bail by the CBI special court. Those two accused had been in custody since their arrest on April 3, had filed their bail applications on Monday. In the bail application the lawyer has said that all the offenses are punishable for less than 10 years and therefore [...] Continue Reading »

50 percent owners of MHADA flats are still waiting for possession

50 percent owners of MHADA flats are still waiting for possession
MHADA has sold 11267 flat in Mumbai through lottery in last three years. It is found that still 5505 flat owners are waiting for getting the possession of the flats. MHADA had announced the results of another lottery, though; none of the winners of the 2011 lottery have managed to get the keys to their [...] Continue Reading »

Real estate prices in Mumbai might increase with the new Development Control Rules

Real estate prices in Mumbai might increase with the new Development Control Rules
In order to abide by the new development control rules, developers have had to change plans and resubmit them to the BMC. This process will raise the construction cost of the properties in Mumbai. According to different real estate builders of Mumbai, this decision will increase the cost of construction of properties in a range [...] Continue Reading »

Real estate in Mumbai might not see any price correction

Real estate in Mumbai might not see any price correction
In a report by the CRISIL Research, it is reported that there is no scope of reduction of prices for the properties in Mumbai. Though the sale of properties has reduced by 40 percent, a sharp rise in construction and funding costs, in addition to amendments to the Development Control Regulations (DCR), will increase costs [...] Continue Reading »

Builders offering 20:80 scheme to attract buyers for Mumbai property

Builders offering 20:80 scheme to attract buyers for Mumbai property
In order to attract buyers for residential apartment in Mumbai, the builders and developers are now offering a scheme where the buyer has to pay 20% of the cost while booking a flat and the remaining 80% on taking possession. Hubtown Developers launched Hubtown Sunmist in Andheri (East) and Hubtown Hillcrest project in Gurgaon. Where, [...] Continue Reading »

Redevelopment projects are happening on a high pace in Mumbai

Redevelopment projects are happening on a high pace in Mumbai
As the availability of open land in Mumbai became limited, most of the builders in the city are looking at investing in redevelopment projects in Mumbai. According to real estate analysts, the growth of real estate, particularly the fresh supply of apartments, depends on the redevelopment projects as the amount of unoccupied land is very [...] Continue Reading »

Real estate in North Mumbai is growing

Real estate in North Mumbai is growing
North Mumbai has become the preferred choice for developers to undertake new housing projects. In a recent survey, it is found that the Andheri-Dahisar belt has seen major construction, with 55 per cent of the new supply of residential units coming up in this area in the first quarter of 2012. Last year the construction [...] Continue Reading »

Absorption rate of Mumbai property is low

Absorption rate of Mumbai property is low
The reality of real estate in Mumbai is covered by high prices, low rentals, no absorption, falling demand and an overheated market. The demand and absorption rate of office space in Mumbai is sluggish for a long time. Though there are few high scale of sale is happening in the office space section, the overall [...] Continue Reading »

Mira Road is the most attractive place to reside in Mumbai

Mira Road is the most attractive place to reside in Mumbai
The western suburb of Mira Road is developing quickly and is one of the most sought-after residential destinations for its good connectivity and affordability. The cost of homes in apartments in Mira Road with G+ 5 storeys and without too many amenities is between Rs 4,000 and 4,500 per sq ft. The cost of homes [...] Continue Reading »



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