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Mumbai Metropolitan region Archive

2016, a good year to buy your dream home

Having a house of one’s own is on everybody’s wish list, but while you are at it, ensure that it is not a hurried decision. Buying a property is a huge investment and involves a great deal of financial planning and strategy. If you are thinking of purchasing that dream home for yourself in 2016, […]

NAREDCO proposed to construct 1 lakhs affordable housing units, says Niranjan Hiranandani

If you are the one who is seeking for affordable housing unit in Maharashtra, so here is good news for you as recently NARDECO or the National Real Estate Development Council has come up with news in festive season that it is going to build more than one lakhs affordable housing units with no profit […]

Mumbai: 1100 acres earmarked for affordable housing

The Maharashtra Housing and Development Authority (MHADA) has allocated land parcels spread over 1,100 acres across the Mumbai Metropolitan Region for developing affordable housing projects. Mumbai Metropolitan Region comprises cities of Mumbai, Thane and Navi Mumbai. The identified land parcels are in Thane, Raigad and the newly formed district of Palghar including Vasai and Virar. […]

NARDECO will construct one lakhs affordable homes in next one year

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 […]

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 […]

Motilal Oswal Real Estate PE fund to raise 1000 cr.

MORE, (Motilal Oswal Real Estate) the real estate arm of Motilal Oswal Group plans to raise about Rs. 1000 crore through its third real estate fund. The funds will be utilized for development of residential projects by reputable developers in the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), cities like Bengaluru, Pune, Chennai and […]

How to avoid spending on projects involving EMIs?

Are you among the people who have been waiting to get the key of their houses from past couple of years? Well Sachin Kala is indeed one such man waiting to start staying in the flat which he had booked nearly 4 years back. According to his builders, he was supposed to get his flat […]

Edge out towns of developed cites are in the race of “Smart City”

Recently, CM Fadnavis informed that 10 cities of Maharashtra would compete with other states to bag the ‘Smart City’ projects which meant to get the more advanced and well developed urban infrastructure. Maharashtra CM Devendra Fadnavis stated that there are 10 cities from our state which is being nominated for the Centre’s “Smart Cities” project […]

In Mumbai region it’s hard to get buyers for Rs 2,430 crore of ready flats

The percentage of ready to move yet unsold residential property is more than 3.5 per cent out of total unsold residential inventory in the MMR (Mumbai Metropolitan Region) and Navi Mumbai, as per the latest report released by CREDAI (Confederation of Real Estate Developers Association of India) and JLL India. However; the total estimated value […]

Maharashtra Government is planning to launch rental housing scheme with modified norms

State Government of Maharashtra is planning to re-launch its one of the most ambitious rental housing scheme for MMR region with a hope to succeed with more liberal norms as they were failed to draw better impact previous from private real estate developers. It is expected that FSI (Floor Space Index) for the projects which […]