NARDECO (the National Real Estate Development Council), the umbrella developer body was formed under the ruling of Ministry of Housing and Urban Poverty with an objective to alleviate the work of central government. Niranjan Hiranandani, MD of Hiranandani Constructions Pvt. Ltd is now act as the president of Maharashtra NARDECO unit. The National Real Estate […]
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November 9, 2015 10:30 am
Maharashtra is ready to construct New Super Expressway between Nagpur and Mumbai
Nagpur and Mumbai in only 10 hours, that’s what Maharashtra government is promising to offer through the construction of new super expressway. On Thrusday, Chandrakant Patil, Maharashtra Minister of Textile and Public Works announced that state government is going to build brand new six lane super expressway between Nagpur and Mumbai with an aim to […]
November 8, 2015 10:00 am
Hotel brands turn to the Satellite city, Navi Mumbai
The sheer economics of land availability and at much cheaper costs, along with rising commercial activity and the plan of international airport gathering impetus has made Navi Mumbai the most sought after destination even for the hotel industry. Taj Group, Marriott International and InterContinental Hotels already have projects in the pipeline which are expected to […]
November 7, 2015 6:00 pm
Dubai Property Show: 3-Days Property Exhibition in Mumbai
Dubai’s 3-day property exhibition known as the Dubai Property Show is first time in India and it is for the citizens of India where cream real estate developers will showcase their property models to attract new or seasoned investors as well as end consumers. In Dubai Property Show developers are planning to display upcoming iconic […]
November 7, 2015 10:00 am
Freebies, discounts or offers won’t perk up Mumbai real estate
A report by brokerage house JM Financial at the back of a bi-annual property expo Of MCHI, highlights that even innovative discounts will not help boost residential property sale in Mumbai this year as the prices are much higher & beyond the reach of end buyers. The firm says the subvention schemes, stamp duty/floor rise/maintenance […]
November 6, 2015 6:00 pm
Child born out of rape will inherit biological father’s property – HC
In a landmark judgement, A Division Bench of Justice Shabihul Hasnain and Justice D K Upadhayaya of the Allahabad High Court has ruled that a child born out of rape will have inheritance rights over the property of the assaulter, the “biological father”. “The child will be treated as an illegitimate child of the rape accused but will have inheritance […]
November 5, 2015 6:00 pm
Real estate investors are showing pessimistic response towards commercial real estate sector
Capital value expectations as well as monthly rentals both have marked growth in September quarter for commercial real estate segment in India, but still its lower than the expected as per the RICS (Royal Institute of Chartered Surveyors), UK based qualifications and standards authority for property, construction and land. Apart from that the Indian commercial […]
November 5, 2015 10:30 am
Wondering why Mumbai real estate is so costly?
Mumbai’s real estate has always been in the limelight, be it expensive trophy properties in South Mumbai or basic 1 bedroom-hall-kitchen apartments in the suburbs. The country’s commercial capital is branded as the hub of expensive residential properties. If you are wondering what makes homes in Mumbai so costly, Anuj Puri, Chairman & Country Head […]
November 4, 2015 6:00 pm
To fund infrastructure projects, MMRDA puts 34,000 sq mtrs land on auction at BKC block
The MMRDA (Mumbai Metropolitan Region Development Authority) is all set to process the auction of land in BKC (Bandra-Kurla Complex) with an aim to fund its some of infrastructure projects. In past MMRDA has funded many infrastructure projects by selling different land parcels, but after 2007 its fist time when MMRDA decided to invite bids […]
November 2, 2015 10:30 am
Rashmi Group gets funding from Essel Finance
Mumbai-based private real estate company, Rashmi Group has confirmed that Essel Finance has invested in two of their Signature projects located at Mira Road and Pink City project located at Naigaon in North Mumbai. Rashmi Group has delivered 14,000 apartments and currently has over 1.5 million sq ft under construction. Property consultant JLL was the […]