Can a person looking to rent a house, be refused tenancy by housing societies? If legal experts are to be believed, housing societies frame their own laws. There are broad guidelines, or bye-laws, that every housing society adopts when it is registered. These rules and regulations govern the day-to-day functioning of the […]
Mumbai Archive
August 7, 2016 1:31 pm
Builder offers flats cheaper than MHADA, sued for misleading ad
A real estate firm, Ekta World, in their recent ad campaign showed an image of Anil Kapoor, who is endorsing the brand, claimed that it is selling flats at rates cheaper than MHADA’s. Ashok Mohnani, the owner of Ekta World, claimed that while in Virar MHADA’s latest homes were priced at Rs 6,500 per […]
June 24, 2016 1:08 pm
MHADA housing lottery is here! Registrations begin 23rd June
Mumbai Housing and Area Development Authority, MHADA is known for providing affordable homes to families belonging to all income groups. The body runs various schemes under which flats are constructed and sold at reasonable prices through the medium of lottery. Once again, applications for the purchase of 972 tenaments have been invited by MHADA. The […]
June 24, 2016 7:02 am
Mumbaikars, be ready to shell out extra 20% on property tax
In order to bring uniformity in the property taxes levied in the suburbs and in south Mumbai, The Brihan Mumbai Municipal Corporation had introduced a new tax system from rateable to capital value in 2010 based on the built-up area, but was strongly opposed by all sections of the society, especially the residents of south […]
June 12, 2016 11:00 am
How Sonam Kapoor got hooked to a 7000 sqft duplex for 30 crore!
The media is buzzing with reports of Bollywoodeans looking for their own homes sans their parents. After Priyanka chopra, Alia Bhatt, Shraddha Kapoor, we’ve learned that fashion diva Sonam Kapoor has moved into a plush duplex in Signature Island located in Bandra-Kurla complex. Interestingly, Ms. Kapoor ditched the Bollywood capital Juhu and chose a business […]
June 11, 2016 10:00 am
Under construction flat? Service Tax levy may be exempted
A High Court ruling is all set to bring cheers to thousands of home buyers who have booked under-construction properties before 2012. In a landmark judgement on a wake petition filed by two buyers who had purchased flats from Sethi Buildwell Pvt. Ltd in the Max Royal group housing project in Noida’s Sector 76, The […]
June 10, 2016 10:00 am
“Mom will design my new home,” says Varun Dhawan
After actors like Alia bhatt, Taapsi Pannu, Shraddha Kapoor ventured out into the real estate market to buy their own properties in the maximum city, it is now the turn of the Badlapur boy to move out of his parents’ home. Varun Dhawan has recently bought a four-and-a-half BHK flat in the same building where […]
June 7, 2016 11:00 am
Indiabulls to develop plot in Worli, Mumbai
Tapir Realty Developers, a 100 per cent subsidiary of Indiabulls Real Estate (IBREL), has entered into a joint development agreement with Oricon Properties, a subsidiary of Oricon Enterprises, for development of 7,810 sq metres plot located on E-Moses Road at Worli in Mumbai, the company said in a statement filed on the BSE. IBREL, […]
June 5, 2016 10:00 am
Hiranandani’s Powai retail space to be acquired for $1 billion
Developed over a decade, the Hiranandani Group, a partnership between brothers Niranjan and Surendra Hiranandani, which owns 4.5 million square feet of office and retail space in Powai, a suburb of Mumbai, will soon be acquired by Canada-based Brookfield Asset Management. This is said to be Mumbai’s largest property transaction in the commercial space which […]
June 4, 2016 11:30 am
Dancer Lauren buys her own home in Mumbai!
Mumbai, the city of dreams, is rightly called Mayanagri. It might be easier to fulfill most of your dreams here but for owning a house. Countless people have reveries of living here but buying a property here sure burns a huge hole in your pockets. Nonetheless, some are lucky to own an apartment here while […]