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Worli

Redevelopment projects in Mumbai: Kolte-Patil Developers’ new strategy

Redevelopment projects in Mumbai: Kolte-Patil Developers’ new strategy
Pune-based realty player Kolte-Patil Developers is expecting nearly 20-30 % of its revenues from the redevelopment market in the next three years. Mumbai’s residential redevelopment market is growing big as many old societies are taking up the renovation and redevelopment work. The government too has identified many housing societies which need immediate redevelopment to ensure [...] Continue Reading »

Mumbai people shifting home closer to new office locations

Mumbai people shifting home closer to new office locations
As the companies tighten their rent of outflow and shift offices to new areas, it seems to be causing a transfer of housing realty as well. In Mumbai which is the world’s 16th costliest city to buy a home in, the luxury housing boom has spread to new locations like that of  Lower Parel, Worli [...] Continue Reading »

The apex court has asked the BMC and Pure Drinks for a clarification

The apex court has asked the BMC and Pure Drinks for a clarification
The Supreme Court last Monday has sought replies from the state.  The BMC and Pure Drinks has been asked by the apex court for an amended plea for clarification of its October order against over 100 illegally constructed flats that have been constructed in six buildings at the Campa Cola compound located in Worli. The [...] Continue Reading »

Dug-up roads cause inconvenience in Mumbai

Dug-up roads cause inconvenience in Mumbai
There are numerous trenches lying open across the city indicating a grim situation for the BMC before the rains set in moreover with barely seven days left to the official deadline to complete all road works. One out of every 5km of carriageways was dug up. And, the BMC doesn’t have exact data of how [...] Continue Reading »

Ceejay House in Mumbai affordable now

Ceejay House in Mumbai affordable now
Ceejay House in Mumbai, which once demanded the highest rents, is far more affordable today. Rents per month have plunged to between R300 and R350 per sq ft and while to the rest of the market these may be at a premium, they’re way lower than the average seen six years ago of R400 to [...] Continue Reading »

Navi Mumbai : The new hotspot in commercial realty

Navi Mumbai : The new hotspot in commercial realty
Commercial offices are moving up north and Nariman Point is seeing lesser takers. In fact, old Mumbai’s central business district (CBD) is losing its glory. A report by JLL, titled Mumbai Offices 2020, explains that the transition is due to lack of quality office stock and the complicated ownership structure that was evident throughout South [...] Continue Reading »

SBI Cap Buys Office Space in Lower Parel

SBI Cap Buys Office Space in Lower Parel
SBI capital bought the space worth more than Rs. 70 crore from Marathon Realty through a tender process that concluded last week. This office space is for shifting the operations of SBI Cap’s broking subsidiary SBI Cap Securities Ltd (SSL) from its present location and some activities of the investment bank’s operations. The investment bank [...] Continue Reading »

In Jan-March 2014, office space demand decreases

In Jan-March 2014, office space demand decreases
As per a report, the demand of office space has reduced in the first quarter of 2014 with nearly6.3 million square feet of office space getting absorbed across the major cities of the country as against 6.6 million square feet in January-March 2014 period; showing a decrease of 5 percent. Report also concluded that the [...] Continue Reading »

Election commission’s approval sought for demolition of Campa Cola

Election commission’s approval sought for demolition of Campa Cola
The BMC has requested chief electoral officer to appoint a contractor to demolish 35 floors across seven buildings in Worli’s Campa Cola society. The residents have been told by the Supreme Court last November to vacate the flats by May 31 to allow the BMC to demolish the illegal flats. Additional municipal commissioner Mohan Adtani [...] Continue Reading »

Metro phase III tenders to be launched by July 2013

Metro phase III tenders to be launched by July 2013
Mumbai Metro Rail Corporation (MMRCL) will issue detailed tenders for Metro Phase-3 by July 2014. The contract will be awarded to bidders by October 2014. The construction of this project of 32.5 Km long Colaba-Bandra-SEEPZ underground metro corridor is likely to start from January 2015. Mr. Sanjay Sethi, Managing Director, MMRCL and Additional Metropolitan Commissioner, [...] Continue Reading »



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