Worli
The year 2013 will be stable for the residential apartments in Mumbai real estate market. As per the reports, buying plans and demand of residential projects might rise in the coming year. The high prices of land, increased demand and significant increase in construction costs will not witness major correction in 2013. Apart from the [...] Continue Reading »
The real estate developer Lodha Group goes for smaller and affordable flats due to the slow sales in Mumbai. Due to the sluggish demand, Lodha Group is planning to sell its upcoming premium residential project on a first-come-first-serve basis in Worli, Mumbai. The project is centrally located and well connected. Lodha group will start distributing [...] 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 »
Citibank, the leading foreign bank had put a flat for sale in 2008 in Malabar Hill‘s IL Palazzo building and Vinod Khanna, bollywood actor was the highest bidder with a record bid of Rs 1.20 lakh a sq ft for the 2,550 sq ft flat. But the actor did not go through the flat at that time. [...] Continue Reading »
Recently, a duplex flat sized 3,683 sqft on seventh and eight floors of the 28 storey sea facing Samudra Mahal at Worli was sold for Rs 40 crores and Rs 1.10 lakhs per square foot. The 4BHK flat with two car parks was sold to a senior management executive of Citigroup. Previously, another expensive deal [...] Continue Reading »
Mumbai’s real estate market has been going through a dim phase. According to property consultant CBRE’s latest report on office space, vacancy levels in Mumbai’s extended business district Lower Parel have risen to an estimated 46-48 per cent as demand supply gap continued to widen in April-June. Data shows that around 1.1 million sq ft [...] Continue Reading »
According to a report by a real estate analysis firm, the sale and launch of residential properties in Mumbai and its suburbs is still slugging. The rates of apartments are still on the higher side and the potential buyers are deferring their decisions and as an outcome the rental rates in Mumbai have started increasing. [...] Continue Reading »
This comes as a surprising news for the citizens of Bangalore. The residential real estate in Bangalore has touched peak! Go round any corner of Bangalore city, the standard apartment price is Rs 33,000 per sqft. To prove the same, an high-end residential apartment at at Kingfisher Towers on Vittal Mallya Road has recorded the [...] Continue Reading »
Rs 579 crore has been awarded to Larsen and Toubro (L&T) for successfully completing its slum rehabilitation projects in Mumbai. Realty player Omkar Realtors & Developers declared the award to construction contracts of L and T. The cost of those three projects is estimated as Worli-Rs 137 crore, Malad-s 268 crore and Parel-Rs 174 crore [...] Continue Reading »
Finally Brihanmumbai Municipal Corporation (BMC) has opened eyes and realized the repair of Worli sewage plant. The Cleveland Bunder sewage pumping station is lying dysfunctional from last six years, in Worli, Mumbai. Now BMC has planned to invest Rs 1.79 crores to re-establish the maintenance and repair of machinery, distribution grid and electricity. For the [...] Continue Reading »
