Residential projects in Mumbai
Equinox Realty, a subsidiary of Essar Group real estate company, planned to invest Rs 600 crore in its Bangalore Project. Water’s Edge is the housing project in Bangalore. The project will be constructed by L&T, with a total built-up-area of about 2 million square feet. The residential project will construct apartments with flat size between [...] Continue Reading »
The redevelopment of residential project in Chembur Sahakar Nagar will be done by Godrej Properties Limited. According to the redevelopment agreement, GPL will reconstruct 18 residential complexes in Sahakar Nagar, Chembur, Mumbai. 216 residents live in these 18 residential complexes. The proposed construction will develop 2, 2.5 and 3 BHK flats in the present apartment [...] Continue Reading »
The price of apartments in Mumbai are in the increasing side while the builders are not ready to reduce the price. Though the number of unsold flats are high in Mumbai, builders and developers refuse to lower the cost of apartments in Mumbai. The sales ratio did not improved as the buyers are not confident [...] Continue Reading »
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 »
Brihanmumbai Municipal Corporation (BMC) modified the transfer of development rights (TDR) to reduce the slums area in Mumbai. The developers working to rehabilitate the slums, will get TDR benefits to construct residential and commercial spaces anywhere in Mumbai. BMC modified the TDR policies to help the residents of the slums in getting a good living [...] Continue Reading »
The Adani Enterprises a real estate biggie has taken the crown for fixing the years biggest land deal! Having purchased a two-acre land in Mumbai from the HDIL for Rs 900 crore, has created a benchmark in real estate market. The two acre plot located at Andheri suburb was supposed to be the largest mixed [...] Continue Reading »
A fund of Rs 1000 crore has been raised by ASK Property Investment Advisors to invest in Indian projects. The cities chosen for investment purpose are Delhi, Mumbai, Bangalore, Chennai and Pune. The main focus of the group is only on residential projects. Half of the fund, i.e, Rs 500 crore had been raised by [...] Continue Reading »
Piramal Realty Limited to launch five residential projects in Mumbai at an estimated investment of about Rs 1500 crore. The company will develop about 30 million sq. ft through land acquisitions funded from its own sources, without any borrowing, managing director Khushru Jijina said. The developer is evaluating 20 projects across Mumbai, Pune and Nashik. [...] Continue Reading »
