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 […]
property news Archive
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 […]
November 4, 2014 12:17 am
Tata Housing shuts door on Lincoln House property in SoBo
Two years back in March 2012, Mumbai’s realty circles were abuzz with news of Tata Housing, Tata Group’s realty company bagging the US Consulate’s Lincoln House property in South Mumbai for a cool Rs 850 crore. Almost three years on, a stroll past it reveals no sign of the Tata involvement, just a sole security […]
November 3, 2014 4:11 am
BJP govt to undertake projects worth over Rs 37000 crore
The new BJP government in the state is likely to stoke a fresh lease of life in infrastructure projects worth Rs 37,118 crore across sectors such as highways, ports and shipping and Special Economic Zones (SEZs). The state will witness major infrastructure projects are getting a push wit the party ruling at the centre too. […]
November 1, 2014 12:30 am
Dubai emerges from shadows of recession to attract NRI investors in hordes
More and more Indians seem to be upbeat about the real estate sector in Dubai. Though it passed through recession period for some time, it has bounced back from the financial crisis to become one of the fastest growing cities under the sun. Quoting a study, media in the United Arab Emirates (UAE) reported last […]
October 31, 2014 12:30 am
Great scope for housing prices to come down
There is enough scope for housing prices to come down from the current highs because there is a huge pile-up of inventory, Reserve Bank of India Deputy Governor SS Mundra said on Wednesday. Of the total housing shortage of 18.78 million in urban India, the shortage in the economically weaker sections and lower income group […]
October 30, 2014 1:18 am
New government committed to affordable housing dream: Fadnavis
The first BJP government of Maharashtra is committed to providing roof over every head and accelerating housing industry in Maharashtra to realize the vision of housing for all by 2020, said Maharashtra CM-designate Devendra Fadnavis. Q: What steps should government take to convert the vision of housing for all by 2020 to reality and to […]
October 30, 2014 12:30 am
RBI tells banks to bring innovation into home loans
The Reserve Bank of India (RBI) has called upon banks to bring in more financial innovation into home loan products by linking such loans to deposits. According to R Gandhi, Deputy Governor, RBI, “Savings can be induced to generate savings balance by way of monthly or periodic deposits. This will serve as a track record […]