With the increase in the demand of properties in Mumbai and other locations there has been a tremendous increase in the real estate sector. People who are unable to invest in areas like Thane, center of Mumbai, and Kalyan are now moving their attention towards property in Panvel and property in Titwala. Panvel is one […]
Mumbai Archive
September 9, 2014 1:19 am
Borivali builder penalized for failure to register society and issue Occupancy certificate
As a punishment for not complying with the legal provisions after handing over the residential flats to the buyers, a builder been penalised to pay Rs.12.36 lakh to a cooperative society in Borivali. He has been charged for not registering the society and failing to get an occupancy certificate as per his statutory obligations. The […]
September 8, 2014 6:53 am
Invest in Property in Thane and Property in Mumbai for best ROI
Most part of Mumbai in terms of residential investment will fetch the investor good returns. Everybody waits for the best possible investment opportunities in metropolitan cities of the country and when it comes to a city like Mumbai, opportunities are endless. Property in Mumbai and Property in Thane are among the top ten best investments […]
September 5, 2014 12:49 am
Buying a flat or shop near Metro or Monorail?
Are you planning to buy a new flat near Metro line, Monorail line or any other major infrastructure project in Mumbai? If yes, then be ready to cough up an additional 10 % additional development tax on property transactions in such areas. The residential and commercial properties could get costlier as the state government is […]
September 4, 2014 1:00 am
70 per cent of residential flats in Mumbai to get CNG connection by 2022
Government of India today said it is preparing a concrete plan for providing piped gas connections to at least 70 per cent of households in Mumbai by 2022. “We have decided to provide piped natural gas (PNG) to at least 70 per cent of the houses in the Mumbai metropolis by 2022. We will hold […]
August 26, 2014 1:39 am
Metro a boon for real estate market
With the growing demand of real estate, there are many areas around Mumbai which have been coming into the limelight. According to the data and surveys conducted by one of the leading real estate portal, capital and rental values in Ghatkopar West have increased nearly 50% in the past 2 to 3 years. And seems […]
August 23, 2014 2:04 am
CREDAI urges government to abolish the levy of VAT
The Confederation of Real Estate Developers of India (CREDAI) has urged to abolish the levy of Value Added Tax (VAT) on property transactions. CREDAI’s request comes in wake of a Supreme Court order in September last year making it mandatory for payment of VAT on property purchases in the State made from 2006 to 2010. […]
August 22, 2014 2:16 am
Office property market set to strengthen till year end
The office property market is expected to continue to strengthen for the remainder of 2014. The restoration of business confidence is expected to gain steam, on the back of the positive business outlook. Adequate supply in the pipeline in all the markets will ensure steady rentals across the cities in the medium term, while vacancy […]
August 21, 2014 3:41 am
Mumbai continues to a hot property market
Mumbai remains the top favourite of property buyers, reveals a recent survey. The survey, conducted by a private portal included a 2,583 strong sample of 40 percent respondents in the 25-35 age group and the rest above the age of 46 year. One-third of the respondents felt that the time is right to make a […]
August 19, 2014 12:21 am
Flat for Rs 100 crore! Buyers by invitation only!!
Have you ever imagined that a house will ever cost you an astounding Rs 100 crore? But this is the case with the concept of sky bungalow gaining a momentum across the metropolis. For example, an 18,000-sq.ft, sky bungalow at Worli here is yours for just Rs. 100 crore. Advertised by the builders as castles […]