In the latest move of Maharashtra state government it is likely to see that realty rates in Mumbai suburbs may rise again, after the final notification of state government through which Maharashtra state government is planning to hike the additional premium charges and development rights with an aim to generate more revenue for exchequer, which […]
Mumbai Archive
December 17, 2015 6:00 pm
Smart Cities are the flavor of “Housing for All” in 2015 for urban sector
A turn on mega projects worth Rs. 4 lakh crore are for developing smart cities and towns to provide “Housing for All” for next seven years besides all the proposed amendments in real estate rules which was marked for the year 2015 in the urban development sector. The central government has also approved many amendments […]
December 17, 2015 10:30 am
In current drive, 26 FIRs filed against unscrupulous real estate developers in Mumbai
MIDC have been lodged Twenty three FIRs at the Rabale MIDC police station errant real estate developers, who have used the government land to cheat poor or low income group buyers in Digha, whereas; another three FIRs were lodged against illegal buildings in Digha and case was filed by Brajesh Mishra, a social activist, under […]
December 15, 2015 10:00 am
Indian real estate – the irony of demand & supply
With more than 6, 00,000 units of inventory in India’s top cities, the situation is alarming. One in three houses constructed is unsold, despite builders, agents, online broking houses and now even e-commerce websites trying to allure consumers with lucrative schemes and offers. Urbanization as a trend has just touched the tip of the iceberg […]
December 13, 2015 10:00 am
The National Green Tribunal stay on new construction activity near Sanjay Gandhi Park
Recently, the NGT (National Green Tribunal) has imposed stay on the permissions of all new building construction which comes in the vicinity of the Sanjay Gandhi National Park and it is expected that this move can leave negative impact on the several proposed real estate projects which are in the western and eastern suburbs of […]
December 12, 2015 10:00 am
To buy or rent house Mumbai and Delhi/NCR are among costliest city, whereas; Ahmedabad and Hyderabad are among the cheapest city: Report
In past few years, Pune and Mumbai have seen aggressive growth in term of property prices since year 2012 by 49.97 percent and 73.91 percent respectively, whereas; the second most pricey real estate market was Delhi/NCR as it was observed that in Delhi/NCR the marginal price rise was 9.13 percent since year 2014. According to […]
December 11, 2015 6:00 pm
Need of Time-Bound Infrastructure Development for the Growth of Real Estate Market in MMR and Mumbai, Niranjan Hiranandani
According to Niranjan Hiranandani, MD of Hiranandani Communities and Founder-First President of NAREDCO (National Real Estate Development Council) Maharashtra that works under the aegis of Ministry of Housing & Urban Poverty Alleviation, Government of India, stated that Infrastructure projects and their timely completion are responsible for the success and growth of Mumbai Metropolitan Regions and […]
December 10, 2015 6:00 pm
Godrej Properties sees record sales in one week!
The real estate division of Godrej Group had launched The Trees, its flagship project in the Vikroli suburb of Mumbai about two weeks ago. Out of the 374 flats in the offing, 300 have already been sold in the first week of its launch, the company said in a statement. Besides a residential complex, The […]
December 10, 2015 10:00 am
Bigger & better – 2016 brings MCHI’s fifteenth property show in THANE !
Opportunity to see and select your dream home has knocked on your door once again! Coming January, MCHI and CREDAI’s Thane unit provide you an avenue where you can explore properties galore. After witnessing a footfall of nearly 1, 00,000 realty enthusiasts during the fourteenth property expo last year, the next show promises to be […]
December 9, 2015 6:00 pm
With new depreciation formula, the taxes on old properties will be more
Recently, Maharashtra State Government circulate new circular, which aims to increase the stamp duty revenue with the help of change in method of calculation of depreciation in old residential as well as commercial building and it has caused a flutter in the real estate industry of Mumbai. As per the statement of legal experts, The […]