As the speed of rebuilding of ceased structures by MBRRB was not adequate enough to cover the entire ceased structures in the Island City of Mumbai, Government decided upon involving tenants, landlords and private developers for increasing the speed of redevelopment. As per Development Control Rules FSI or Floor Space Index is the area of […]
Navi Mumbai Archive
November 18, 2014 12:37 am
FSI violation by Singhania’s high-rise at Breach Candy
Located right opposite to breach Candy hospital, Singhania’s 37-storeyed JK House tower is seems to be in trouble. Built against a floor space index of 2,570 square meters, JK House sprawls over 27,400 square meters. That means the total construction area is more than ten times the FSI calculation and as per shops and homes […]
November 13, 2014 12:30 am
Modi government relaxes FDI rules for investment in real estate sector
With its emphasis on attracting Foreign Direct Investors (FDIs) to invest in India’s real estate, Narendra Modi-led government is softening the rules and regulations for foreign direct investment in construction and housing sector in a big way. The new central government norms are expected to allure the FDI inflow in the country. The relaxed rules […]
November 12, 2014 12:45 am
Real estate company’s MD held for Rs 1,000 crore fraud!
Despite a spate of fraud cases involving the unscrupulous builders and gullible investors being reported almost every alternate day, it seems the common flat buyers and investors have not learn’t a lesson. In a repeat of sorts, the Economic Offences Wing (EOW) of the national capital recently nabbed the managing director of a prominent real […]
November 11, 2014 7:53 am
Developers give 3D preview of flats to the prospective customers
Now you can have a three dimensional view of your wannabe residential flats as the developers have created a buzz with digital marketing and soft tools to induce the buyers. The developers and builders are using every tool in the kitty right from using drones to film new projects and thus offer a preview of […]
November 10, 2014 8:25 am
Housing mission to be named after Sardar Patel
The ambitious urban housing mission to ensure housing for all by 2022 will be soon launched and will be named after Sardar Patel, said Minister of Housing and Urban Poverty Alleviation M. Venkaiah Naidu. The government is taking many steps to convert the vision of housing for all by 2020 to reality and to boost […]
November 8, 2014 12:30 am
Project affected persons to be relocated on 5 hectare plot in Panvel
After the original rehabilitation component of the Navi Mumbai Airport project hit a roadblock, it has now been decided to handover 5 hectare of land in Panvel for rehabilitating the project affected people. The decision was taken after a major portion of the 57 hectares of land, meant to relocate project affected people (PAP), had […]
November 7, 2014 12:05 am
Change of guard has not made any difference to property market scenario
Even as Delhi and its surrounding region witnessed a 20% drop in sale, Mumbai saw marginal drop at just 2 per cent while Chennai and Hyderabad and Mumbai saw 18% and 13%, according to the 2014-15 real estate research survey by Liases Foras. Liases Foras, a non-brokerage firm, is into real estate researches. The survey […]
November 6, 2014 12:15 am
Ready apartments lure buyers to Ghodbunder road in Thane
Thane Ghodbunder Road residential area comes as welcome news for the flat buyers who feel that realty in Mumbai is overly priced. In near future, Ghodbunder Road is going to rival Andheri, Powai and Goregaon as far as the real estate is concerned given that Wadala-Ghodbunder road metro connectivity is going to be stretched all […]
November 5, 2014 1:07 am
Cidco land acquired for sports complex by unfair means?
Allegations of using unfair means to acquire Cidco land for developing a sports complex in Ulwe were made by Peasants and Workers party (PWP) leader Vivek Patil against BJP Panvel MLA Prashant Thakur soon after the assembly election results were declared. Patil, while addressing a party workers’ meeting at Panvel, alleged that the Thakur family […]