South Mumbai
Many Indian real estate developers had to witness low sale rate and high debt in 2012 due to prolonged approval procedure. Due to high pressure from banks and financial institutions, the developers have come to the term that they need to pay their debts in time. The repayment of these standing debts has made many [...] Continue Reading »
Delhi/NCR- As per various real estate experts, the year 2013 has been predicted to be quite strenuous for the industry due to the rising cost of input materials, the labor and the increasing interest rates. Not just this, the enormously increasing demand of the sector will eventually result in increased property prices. However, various experts had different predictions about the industry this [...] Continue Reading »
Kohinoor Group has launched a high rise mixed use development project, Kohinoor Square which is spread across 4.8 acres and strategically located at Dadar. The project will be operational by December 2013. The project is well connected to Dadar railway station and is also very close to western and eastern expressways. The project is also [...] Continue Reading »
Mumbai- The project of elevated rail corridor from Virar to Oval Maidan, has been opposed by the residents of South Mumbai, since they are worried if it would bring down the sanctity of Oval Maidan and would risk the surrounding projects. Requesting the authorities to conduct an Environmental Impact Assessment (EIA) of the area before [...] Continue Reading »
Mumbai- In south Mumbai, a fire broke out in a residential building at Cuffe Parade. The fire broke out on the 19th floor of the 26-storeyed Jolley Marker building. According to report, 16 residents were rescued after the fire broke out and no one was injured in the incident. The fire was doused by the [...] Continue Reading »
An RTI query has revealed that the maximum number of complaints received by consumer forums in the Mumbai Metropolitan Region (MMR) belongs to housing matters. Of 24,278 complaints received by MMR’s six forums in last 15 years, housing comes at the top with 7,499. The obvious reasons seem to be skyrocketing house prices added with [...] 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 ray of hope for residents residing in old flats in South Mumbai. The much hyped capital value-based property tax system which was about to get launched is stalled for time being. The state civic administration who had proposed of the tax system has decided to table it later few months. As the upcoming polls [...] Continue Reading »
Today Mumbai real estate industry is facing serious problems and this has been happening because of the improper governance in the real estate sector. Rs 800 crore worth real estate deal is bouncing in the hands of top city builders encouraging illegality in it’s construction and transactions. The state government itself agrees saying that the [...] Continue Reading »
It came as a surprising news for the BEST vigilance department, which recently learnt that the slum dwellers in south Mumbai are faking the power bills. The same was discussed at the BEST committee meeting. But later on the truth came into light that this was a fake complaint lodged by Political committee member Masood [...] Continue Reading »
