South Mumbai
From the views of property consultants apartment rents in cities such as South Delhi, South Mumbai and Gurgaon undergoes a great fall from 20% to 30% when compared to last year survey. What would be reason for this drop down? From property broker’s view, for the past two year’s commercial office and job market space [...] Continue Reading »
South Mumbai is facing few buyers for plush apartments and expected time to sell the piled up property is more than 8 years. Just 1,250 residential units are sold in this area, which is once known as most expensive area in India. The case is similar in other areas of Mumbai like Bandra – Kurla complex, [...] Continue Reading »
Two persons familiar with the development, informed that the drug maker company Sun Pharamacuitals will buy the official building in Mumbai’s Goregaon suburb from Standard Chartered Bank for Rs 280 crore. The building is named as Standard Chartered Tower which consists of ground plus six upper floors and has total built up area of 2.20 [...] Continue Reading »
The Yash Birla Group has signed a joint venture with Mumbai based Nahar group to redevelop its property of less than an acre in South Mumbai. Ms. Manju Yagnik, vice-chairperson, Nahar Group, says that the land is located in the south Mumbai’s Tardeo and posses the total area of 4,300 square metres (46,268 sq ft). [...] Continue Reading »
The National Centre for Performing Arts (NCPA) which is the organization started by JRD Tata and Jamshed Bhabha has put the prestigious Bhabha bungalow in south Mumbai on the block. A property consultant says that at a fixed cost of Rs 257 crore, the property with area of 17,143 sq ft and a minimum floor space index [...] Continue Reading »
Navi Mumbai: Ulwe is an upcoming name in residential market of Navi Mumbai. The property prices in Ulwe have been increasing in a range of 23- 30% annually from last five years. According to real estate experts, Ulwe is going to be a major real estate destination and a successful planned city in another 5 [...] Continue Reading »
MUMBAI: The long awaited, 16.8 km Eastern Freeway’s first phase will be open for traffic by May end. Eastern Freeway will provide a signal free drive from Orange Gate on PD’Mello Road to the Ghatkopar-Mankhurd Link Road. This freeway will not only reduce the travel time from South Mumbai and Eastern Suburbs but will also [...] Continue Reading »
Brihanmumbai Municipal Corporation (BMC) has recently awarded a tender of Rs 33 crore to replace age old pipelines in South Mumbai. The administration has proposed to repair or replace pipelines measuring 16.06 km from Colaba to Worli. For A, B and E wards, a Rs 15.3 crore contract has been awarded for water mains to [...] Continue Reading »
Brihanmumbai Municipal Corporation (BMC) has planned of launching an electronic web based system to stop all the parking woes in the city. The main motive is to do away with the pay and park lots and issue printed receipts to the vehicle owners in the civic parking lots. The officials in the civic body are [...] Continue Reading »
Brihanmumbai Municipal Corporation (BMC) which had kept buy and park options in some areas in South Mumbai is thinking of introducing variable parking rates in the city. The civic body is planning on a new policy to revise parking rates and that will be area specific. As of now, the rates will be higher in [...] Continue Reading »
