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Real estate projects in Mumbai

Prithviraj Chavan government allotting floor spaces for real estate projects

Prithviraj Chavan government allotting floor spaces for real estate projects
In the run-up to the elections, the Prithviraj Chavan government in Maharashtra has been busily allotting more floor space index (FSI) to real estate projects. The Urban Development Department accounted for the second highest number of files cleared by the Chief Minister’s Office across 49 departments between June and September this year. A total of [...] Continue Reading »

Supreme Court verdict on “private forest”, a huge plus for the real estate development: Credai

Supreme Court verdict on “private forest”, a huge plus for the real estate development: Credai
Ruling on the petitions filed by the developers like Godrej & Boyce, Oberoi Constructions and a host of others as well as residents’ bodies, the Supreme Court directed the Maharashtra Government to remove “private forest” tag attached to huge land parcels across the state. This move, according to the real estate developers’ body Credai is likely [...] Continue Reading »

Residential properties in Mumbai stalled for not adhering to green norms

Residential properties in Mumbai stalled for not adhering to green norms
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 »

Unsold properties piling up in Mumbai, developers likely to reduce prices

Unsold properties piling up in Mumbai, developers likely to reduce prices
Mumbai- Due to a reducing number of property bookings, the inventory of unsold properties in Mumbai is piling up which is further forcing the developers of the city to decrease property prices. According to real estate consulting firm Knight Frank, the number of unsold inventory of the real estate projects in Mumbai has increased by [...] Continue Reading »

Mumbai real estate market to boom in 2013

Mumbai real estate market to boom in 2013
The year 2013 will be stable for the residential apartments  in Mumbai real estate market. As per the reports, buying plans and demand of residential projects might rise in the coming year. The high prices of land, increased demand and significant increase in construction costs will not witness major correction in 2013. Apart from the [...] Continue Reading »

DB Realty making a come back

DB Realty making a come back
DB Realty Ltd, which was caused in the maze of 2G scam, is on its way to make a return to Mumbai’s realty scene by launching new projects and rebranding existing ones. The company’s stock has fallen 33 per cent since February 9, 2011, when its managing director, Shahid Balwa, had been arrested by the [...] Continue Reading »

Over 300 real estate projects put on hold in Mumbai: Survey

Over 300 real estate projects put on hold in Mumbai: Survey
A recent survey by the civic authority has revealed that there are more than 320 real estate projects in Mumbai, both commercial and residential, which have been put on hold. The data came up during a recent survey of mosquito-breeding sites in the city. Majority of these projects, around 202, are in the western suburbs [...] Continue Reading »

Home resale in Mumbai is not seeing price appreciation

Home resale in Mumbai is not seeing price appreciation
The cost of new real estate projects in Mumbai are increasing sharply. But the cost of properties for resale have not increased since 2010. According to a real estate research firm, the developers are artificially raising the cost of the new launched properties. According to a report by the registration department in Mumbai, there has [...] Continue Reading »

Rs 500 crore equity fund will be raised by Anand Rathi & Knight Frank

Rs 500 crore equity fund will be raised by Anand Rathi & Knight Frank
The private equity firm of Anand Rathi Financial Services and Knight Frank India are planning to raise Rs 500 crore for the real estate industry in India. The two organizations planned to raise the funds from the internal domestic market. They are not going to the foreign investors for the fund raising program. The organization [...] Continue Reading »

Realty Project clearance process is better in Bihar

Realty Project clearance process is better in Bihar
The president of Confederation of Real Estate Developer’s Association of India (CREDAI), state that the project clearance process is better in Bihar than Maharashtra. He also informed that because of the governmental setup the builders get quick sanctions which enables them to complete the real estate projects in time. The members of CREDAI assembled in [...] Continue Reading »



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