Latest Realty News

Mhada-identifies-fresh-land-parcels-in-MMR-for-affordable-housing-
Nov 16, 2015
MUMBAI: The Maharashtra Housing and Area Development Authority (Mhada) has identified land parcels spread over 1,100 acres across Mumbai Metropolitan Region (MMR) for developing affordable housing projects.
MMRDA approves Rs 70cr infrastructure projects
Dec 30, 2014
MUMBAI: The MMRDA approved projects worthRs 69,425 crore to augment the city's infrastructure
MMRDA plan for taller buildings in BKC, Wadala shot down
Dec 19, 2014
MUMBAI: An MMRDA plan to earn additional revenue by offering greater vertical construction potential on its lands has not met with success as the civil aviation ministry has refused to relax height restrictions in BKC and Wadala
Evicted for SCLR, families in fix as MMRDA reneges
Dec 16, 2014
MUMBAI: Sixty-four families who were promised 450 sq ft flats worth Rs 1.20 crore in Bandra-Kurla Complex in return for vacating their flats in two Kurla buildings to make way for the Santacruz-Chembur Link Road (SCLR) have been left in the lurch
Maharashtra govt to simplify deemed conveyance for housing societies
Nov 14, 2014
Mumbai: Maharashtra government will simplify the 'Deemed Conveyance' procedures for convenience of the co-operative housing societies in the state
Developer may oppose rehabilitation of slum-dwellers on Mumbai airport land
Sep 21, 2014
The on-site rehabilitation of slum-dwellers on airport land is likely to face opposition from developer HDIL
Is it time to stop the endless building of flyovers in India?
Apr 07, 2014
MUMBAI: On April 9, 1964 The Times of India reported that the Bombay Municipal Corporation planned to build a flyover at Kemp's Corner. Five roads met at the junction, situated between two hills, and the traffic congestion was bad. "The 48-foot bridge will segregate the north-south and east-west vehicular traffic," ToI reported.
Sunteck Realty rises high in uneven Mumbai
Apr 05, 2014
MUMBAI: In Mumbai's real estate sector, Sunteck Realty stands apart. The company based in and focused on Mumbai has seen interest from major investors at a time most experts and analysts have negative views on the city's realtors. Ajay Piramal is among the latest to join its investor list. Kotak Realty fund holds an 8% stake in Sunteck, while other investors include US-based College Retirement Fund with a 3.2% holding and Singapore's Tree-Line Asia fund with a 1% stake. Promoter Kamal Khetan ho
Growth centres planned by state yet to see the light of day
Mar 31, 2014
THANE: The state government's plan to set up growth centres at Bhiwandi, Kalyan-Dombivli and four other locations has developed a hitch.
14 consortia show interest in Mumbai Metro's underground line
Mar 11, 2014
MUMBAI: As many as 14 consortia, including those of L&T, IL&FS and HCC, have expressed interest in the new underground section of metro.
MMRDA proposes another radar at Panjarpol for taller buildings in BKC, Wadala
Mar 10, 2014
MUMBAI: Pushing for taller buildings in Bandra Kurla Complex and Wadala, the city’s development authority has written to the Ministry of Civil Aviation saying it is willing to set up an additional radar atop the twin tunnels it has constructed on the Eastern Freeway at Panjarpol to serve the purpose. The response follows suggestion from the ministry that more radars spread across the city at different sites might ease flight movement, while simultaneously allowing taller buildings.
Home sales bounce back in December quarter, clocks 22% rise in top 6 cities
Feb 05, 2014
DELHI: After several quarters of tepid growth, home sales bounced back in the three months to December with a 22 per cent rise in top six cities, according to property research firm Liases Foras.
Home away from home near Mumbai
Jan 29, 2014
MUMBAI: Owning a home is considered one of the most important investment decisions for anyone. Purchasing a second home is thus, the second most important decision. Having an asset that provides rental income can mean long-term financial security. In addition, appreciation in capital values can result in a significant corpus via sale of the asset, if and when needed. Many second home buyers from Mumbai also invest in second homes, primarily for the convenience of having a weekend getaway or to a
Bhiwandi is coming up with affordable housing
Jan 25, 2014
MUMBAI: Rohit Sheshadri, working in a software company in Thane had been searching for a flat around Thane area. After doing extensive research, he finalised a flat in Bhiwandi. Sheshadri said, “The rate which I got in Bhiwandi was even lower than my budget. Also, as the project was near the highway I am not facing any commuting problems. Bhiwandi is a town only 20 kilometres away from Thane which is now rapidly growing as a destination for homebuyers looking for budget homes.
Cidco plans to spread its devpt activities beyond Thane city
Jan 25, 2014
THANE: The state-owned City and Industrial Development Corporation (Cidco) has proposed to develop many regions in Thane district as mega-cities, Cidco chairman Pramod Hindurao has said.
Mumbai to get Rs 4,500 cr infrastructure boost
Jan 22, 2014
MUMBAI: A couple of infrastructure projects to be taken up in Mumbai, entailing an investment of Rs 4,500 crore, will improve connectivity and ease traffic in the city. These are in addition to the over Rs 55,000-crore worth of infrastructure projects in the works – metro rail, monorail and several elevated road corridors.
MMRDA to put on sale 2,500 affordable flats
Nov 19, 2013
MUMBAI: For those waiting to buy affordable small flats, around 2,500 tenements are almost ready in Thane and Vasai-Virar.
Mumbai Real Estate: Is a Leasehold Property Better Than Freehold?
Oct 18, 2013
MUMBAI: A leasehold property defines the status of the land on which the property is built. Leasehold land on which construction takes place is ordinarily on long-term lease of 99 years onward. Specific to residential property on leasehold land, one may use the example of the MMRDA’s Wadala development plan, wherein the land is given on long-term lease to various developers who can sell the units constructed on an outright basis. The developer ordinarily pays a substantial value for the long-ter
MMRDA ropes in S Korea for eastern Mumbai development planning
Oct 10, 2013
MUMBAI: The Mumbai Metropolitan Region Development Authority (MMRDA) has signed an agreement with South Korea for the preparation of a master plan for developing the eastern parts of the city along the proposed 126-km long Virar-Alibaug multi-modal corridor.
Andheri West outpaces its eastern counterpart
Aug 21, 2013
MUMBAI: Situated in the western suburb of Mumbai, Andheri has come a long way from being just a suburb. Today, the locality is one of the most populous suburbs in Mumbai and is bustling with commercial as well as residential developments. Like any other suburb in the city, Andheri is also divided into east and west zones by the railway line. Both the zones today, are identified as prime real estate destinations that command attention from homebuyers, of course for different reasons. Andheri west
RIL denies CAG charges, says cleared all dues to MMRDA
Aug 03, 2013
MUMBAI: Reliance IndustriesBSE 0.84 % on Friday denied CAG report that blamed Maharashtra government for not recovering lease rentals from it for its upcoming BKC project, saying the company has paid all its dues to MMRDA.
CBDs-SBDs in Mumbai suburbs paving way for ‘walk-to-work’ culture
Jun 27, 2013
MUMBAI: Mumbai has a deeply ingrained work culture, of a magnitude that other mega-cities like Manhattan and Tokyo have. Its citizens tend to attribute ultimate location values to homes that are within reasonable commuting distance from their work places. In this island city, a home close to the CBD or SBD is a premium offering in the residential real Estate market. In fact, the prices get more out of reach as one closes in on the central areas of the city. It doesn’t necessarily have anything t
Infra projects a driver for realty on Mira-Bhayandar stretch
Jun 18, 2013
MUMBAI: Affording a home in Mumbai and managing to travel across the city with ease is a big challenge for Mumbaikers today. While Mira Bhayandar Road provides some respite to homebuyers with a limited budget, the region’s extensive connectivity is also a big plus.
Thane remains a preferred realty destination of MMR
Jun 04, 2013
MUMBAI: Thane, also known as the lake city, is one of the major urban conglomerations of the Mumbai Metropolitan Region (MMR) and is well connected to all parts of the country by rail and road.

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