Recently, the Maharashtra State Government is in his effort to augment housing supply in Mumbai and in that process it asked to MHADA (Maharashtra Housing & Area Development Authority) to to review its all 104 colonies spread over 3,800 prime acres across the city. The Maharashtra State Government has also asked to MHADA to assess […]
Author Archive
March 19, 2015 9:00 am
Now MHADA will review its 104 colonies, as per the order of the Maharashtra State Government
March 18, 2015 9:00 am
More charge on extra FSI can hit the redevelopment work in Mumbai’s suburbs
Recently, the proposal of Maharashtra government to put extra charge on builders more for the extra 0.33 floor space index (FSI) given for housing projects is likely to hit redevelopment work in Mumbai‘s suburbs. The Maharashtra government has increased the ready reckoner rates by an average 15% every year since 2008 and now government is […]
March 17, 2015 9:00 am
Subhash Runwal: Newest billionaire of India, built a whole property empire from ground zero
Subhash Runwal, who is one of the India’s newest billionaire, makes his debut this year with a worth of $1 billion fortune, hails from Dhulia, which is a small town in Maharashtra state. His grandfather was a jeweler but when Mr. Runwal was a teenager, the family had faced a very hard times. This young […]
March 13, 2015 9:00 am
With skyscrapers, Mumbai seeks to match China and U.S.
Now Mumbai is seeking to amend its more than 24 year old building rules which will allow slums to mushroom and it will keep housing beyond the reach of most of more than 19 million residents. As we all know the fact that world’s second-most densely populated mega city is the part of the prime […]
March 12, 2015 9:00 am
Properties of Mumbai showing trips in price
According to few reports, property prices will remain high in certain market conditions, but they will not increase any more. The value of under construction property which is unsold in real estate inventory in Mumbai can be anything as its R 53,400 crore for a clutch of listed firms and it presents that consumer confidence […]
March 11, 2015 9:00 am
Real estate companies are facing tough competition from online platforms
In the era of internet when things are just click away; there are many traditional businesses which are facing tough competitions from those who have strong presence on internet. In present, real estate websites firms are making a daunting leap into e-commerce business. Snapdeal and Housing.com, both are backed by Japan’s Softbank, and now they […]
March 9, 2015 10:00 pm
ADB says committed to supporting India’s ambitious plan to build 100 smart cities
ADB (Asian Development Bank), which is Manila based bank stated that they are committed to support India’s most ambitious plan, which is to build around 100 smart cities in the country. As per the statement of Takehiko Nakao, who is the President of Asian Development Bank, “Our bank will continue to play an important role […]
March 8, 2015 10:00 pm
Budget 2015: Realtors are looking for sops and lower interest rates for home buyers
It is the demand of real estate developers in upcoming Budget to revive the tax structures and lower interest rates for the home buyers as home is there ultimate need. Apart from to seek for better infrastructure status for housing, Getamber Anand, the Elected President of CREDAI stated in real estate press conference organized by […]
March 7, 2015 7:02 am
For “Dilly-Dallying sanctions” builders slams Thane Municipal Corporation (TMC)
Nearly after one month Thane Municipal Corporation (TMC) issued a notice to Concord developers, which is one of the real estate developer, whereas; this notice was under the Maharashtra Regional and Town Planning (MRTP) Act, Suraj Parmar, who is chairman of the firm accused the TMC for adopting dilly-dallying tactics to give permissions for finished […]
March 5, 2015 4:45 am
Cabinet defers on the approval of Real Estate (Regulation & Development) Bill
On Wednesday, cabinet defers on the approval of Real Estate (Regulation & Development) Bill, which is committed to ensure consumer protection and to establish regulatory bodies at Centre and states for transparent and ethical business practices in country’s real estate sector. As per sources, the housing ministry has been asked to review the real estate […]