On Friday, The Bombay high court stated that CIDCo (City and Industrial Development Corporation) was irregularly allotted the 31,000sq m of land in Vashi. Star hotel and Inorbit mall. The bench of Justices A. S. Gadkari and Abhay Oak said that the developer could apply for CIDCo for regularization in this period. Earlier, CIDCo had […]
Properties in Navi Mumbai Archive
November 19, 2014 1:12 am
Maharashtra government’s take on FSI for redevelopment
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 […]
October 23, 2014 12:16 am
Education and its impact on Navi Mumbai realty market
Of all the factors that have contributed immensely to the growth of Navi Mumbai, access to schools and colleges has been an important criterion. For that reason, property prices also tend to be higher in locations like Vashi, Sanpada, Nerul which are close to established educational institutions. The Oxford of the Eastern suburbs is the […]
August 28, 2014 1:30 am
Modi boosts up infrastructural development in Navi Mumbai
Prime Minister Narendra Modi laid the Foundation Stone of Jawaharlal Nehru Port Trust Special Economic Zone (SEZ) , at Sheva in Navi Mumbai. He also laid the Foundation Stone for widening of Port Connectivity Road from JNPT to the National Highway and symbolically handed over land allotment letters to JNPT Project Affected Persons under the […]
August 16, 2014 11:28 pm
Industrial units turning into plush residential towers
Faced with depleting revenues due to the economic slowdown and rising inflation, industrial units around Mumbai, Thane, Pimpri Chinchwad are diversifying into the real estate business to develop additional sources of income. Many companies are converting their land holdings from industrial to residential purposes. For example, so far the Pimpri Chinchwad Municipal Corporation has converted […]