Residential properties in Mumbai
Mumbai-based Godrej Group launched Godrej The Trees in Vikhroli East, Mumbai. The project is spread across over 35 acres and carefully choreographs a robust program of residential, retail, hotel, and commercial uses. Each Residential tower offers unique views while the landscape connects the entire cluster through a series of courts programmed with generous amenities at [...] Continue Reading »
Non Resident Indians from all over the world and especially UAE have their eyes on Mumbai properties. They look at the investments here for long term gains, which is why the commercial hub of India has been upped as the best place to put money into, more than Bangalore says a source. With 31.86 percent [...] Continue Reading »
With the promise of paying rent, two Mumbai-based builders are promoting some of their under-construction residential properties named as Nirmal Lifestyle and Rustomjee.If the construction of its project is delayed beyond December 2017, Nirmal Lifestyle promises to pay the rent while Rustomjee will pay the rent during the construction period. Such promises were so far [...] Continue Reading »
Hindustan Unilever Ltd (HUL) is now thinking of disposing of its residential properties and plots after selling/leasing out its commercial properties last year. The consumer goods giant is focusing on selling these properties basically in the metro cities which can garner revenue of Rs 100 crore. About two dozen apartments and land parcels in posh [...] Continue Reading »
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 »
Goregaon, once known as a middle class residential locality has now turned as one of the wealthy suburbs in Mumbai. The locality enjoys features like easy accessibility, proximity to the railway line by the Western Express Highway and the Linking Road, making it one of the sought after areas today. Many prominent developers like Oberoi Realty, Sunil [...] Continue Reading »
With the increasing protests from the citizens of Maharashtra against new property tax system, a demand for a stay on the regime has now been made to the state government. Recently, Brihanmumbai Municipal Corporation (BMC) had introduced the new property tax system in the state, following which many protests were witnessed. A MP from North [...] Continue Reading »
Mumbai- With rising number of oppositions to the new property tax system introduced by the Brihanmumbai Municipal Corporation (BMC), the Maharashtra chief minister has been requested to issue stay on the regime. One of the member of parliament has asked CM Prithviraj Chavan to order a stay against the new system because under the new [...] Continue Reading »
The Brihanmumbai Municipal Corporation (BMC) seemed to have juggled up the guidelines to calculate the new property tax system. The property tax under the capital value-based system has missed out on some key factors to compute the same. The civic body has not taken into account several factors like leased and freehold land as well [...] Continue Reading »
With the new property tax system in place, Brihanmumbai Municipal Corporation (BMC) is yet to frame guidelines to decide on weightages needed for calculation of the tax. For buildings with multiple-age and construction types, deciding on the weightages is one of the crucial parameters for calculation of the tax. A weightage is defined as the capital value [...] Continue Reading »
