In past few years, Mumbai and other metro cities have emerged as the most preferred destination for property investment. After the budget of 2014 the ball of real estate sector is spinning in positive direction because new FDI norms, implementation of REITs and allocation of new funds for infrastructure development. Recently, Indian government has made […]
property news Archive
November 24, 2014 1:57 am
Star hotel and Inorbit mall in Vashi is illegal, rules HC
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 […]
November 21, 2014 7:40 am
Fastest growing suburbs of Mumbai
Ambernath and Badlapur are the fastest growing suburbs of Mumbai, and this region is the part of Mumbai Metropolitan Region (MMR).. If you will purchase the property in Ambernath and property in Badlapur, so the biggest advantage is the local rail network and soon metro will be there for better connectivity. For professionals who belong […]
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 […]
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 14, 2014 11:59 pm
Animal Welfare Board of India on banning pets in societies
With increasing number of complaints of ill-treating street and pet dogs, Animal Welfare Board of India is rethinking about various proper legal aspects of pet ownership. The statutory body under the Ministry of Environment and Forests, Government of India is the first of its kind to be established by any Government in the world. It […]
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 […]