Latest Realty News

Need-a-'Built-in-Mumbai'-week-to-focus-on-affordable-housing-:-CM-Fadnavis
Feb 16, 2016
"With 50% of our population living in slums, we now want to start the Built in Mumbai initiative that will aim at providing cheaper homes. We will soon start a massive campaign for it," Fadnavis added.
Canada-Pension-Fund-Ready-to-Invest-$2-Bn-in-Mumbai-Housing:-Maharashtra-Chief-Minister
Oct 31, 2015
Mumbai: Canada's pension fund is ready to invest $2 billion (Rs 13,000 crore at $1 = Rs 65) in affordable housing in Mumbai, Maharashtra Chief Minister Devendra Fadnavis said, in a move that would boost Prime Minister Narendra Modi's goal of providing cheap housing to millions of people.
Maharashtra-to-use-no-development-defence-zones-for-affordable-housing-in-Mumbai
Oct 30, 2015
MUMBAI: The government of Maharashtra is considering opening up land parcels under the no-development zones as well as plots belonging to Indian defence personnel in an effort to build affordable houses in Mumbai, said Prakash Mehta, minister of housing, labour & mines.
Operation township
Jan 07, 2014
MUMBAI: Till recently, buying a property called for some painful compromises. Budget restrictions meant you could only buy in specific residential areas, regardless of whether there were educational institutions, playgrounds, hospitals, shopping centres, connectivity to your place of work, or entertainment hubs in the vicinity, apart from availability and reliability of utilities like power and water. Real estate players were quick to recognise this and come up with a creative solution—townships
Mumbai office realty: Western suburbs new growth centre
Jan 07, 2014
MUMBAI: Looking back on 2013, the prevailing attitude among businesses toward the economy was “wait and see. The decision to take up more real estate office space was mostly put on hold; or companies aggressively looked to bring down their costs. Corporates put their investment decisions on hold, waiting to see how the economic scenario unfolds especially in light of the forth-coming national elections.
Mhada may redevelop its 125-acre colony
Oct 16, 2013
MUMBAI: Mhada may redevelop its humungous Motilal Nagar Housing Colony in Goregaon (W) on its own. The plan was discussed during a Mhada meeting on October 15. Spread over 125 acre, the colony comprises 3,700 ground-level tenements built by Mhada three decades ago. Each tenement, about 180 sq ft, was first given on rent and then subsequently sold for under Rs 50,000 in the early 1980s. Under the redevelopment plan, every family will be entitled to receive a 600 sq ft flat free of cost.
‘Reserve 20% area for low-income housing’
Oct 07, 2013
MUMBAI: A year after the state stalled its draft notification following objections from developers, it is set to issue a the final notification making it mandatory for developers to reserve 20% of areas of more than over 2,000 sqm for affordable housing.
Worli-Prabhadevi-Dadar West: Best option for upper-crust homebuyers
Aug 06, 2013
MUMBAI: Worli in south Mumbai and Prabhadevi and Dadar west in central Mumbai, are the premium localities in Mumbai offering an array of property options for the well heeled buyers. Infrastructure marvels with good connectivity, are attracting end-users and investors to these areas. Let’s delve into the residential options available, with facilities and amenities in these areas and see what sets them apart:
Worli, Prabhadevi, in demand for large units, Dadar West for smaller ones
Jul 31, 2013
MUMBAI: If you aspire to live in a premium locality of Mumbai and can spend freely, Worli in south Mumbai and Prabhadevi-Dadar west in central Mumbai, are a few areas you can opt for. These areas are located close by and are witnessing a significant demand and supply for 1, 2 and 3-BHK units.
Horticulturist must for building projects in Mumbai
Jul 31, 2013
MUMBAI: The BMC has made it mandatory for every developer to have a horticulturist on its panel so that plans are scrutinized to avoid unnecessary tree felling and thus help maintain the city’s green cover. The civic body’s guidelines also state that the horticulturists should ensure that trees that are transplanted survive.
Serviced apartments are a better option in Mumbai
Jul 25, 2013
MUMBAI: At Rs 65 lakhs, a one-bedroom serviced apartment in Andheri seems like a dream investment for Piyush Sharma, who is working with HSBC Bank. His office is close by and although the unit is only a modest 400 sq ft, Sharma is not put off – he is single and does not need a lot of space. Should he decide not to stay in the unit, he could always opt for the leaseback option offered by the developer. Such serviced apartments have especially come up in areas like Andheri, Goregaon, and Worli in
Developers coming up with innovative designs in Andheri East properties
Jul 24, 2013
MUMBAI: Andheri east is best known for its commercial setups. This growth has now fuelled housing demand and developed a strong residential market in the locality. Due to this, many developers are coming up with new projects, offering various amenities and innovative designs to attract buyers.
Sea-facing Worli flat goes at Rs 1.23L/sq ft, the highest in the country
Jul 19, 2013
MUMBAI: The Mumbai realty market threw up another record when a 10th-floor, sea-facing flat of the marquee SamudraMahal in Worli sold at the rate of Rs 1.23 lakh per square foot, the highest in the country.
‘Govt willing to relax norms on deemed conveyance’
Jul 18, 2013
MUMBAI: The Maharashtra government on July 17 promised a string of reforms in the existing law on deemed conveyances to give relief to thousands of flat owners in old housing societies who are eager to complete the formality of conveyance.
Borivali-Goregaon projects: Offering décor delight
Jul 17, 2013
MUMBAI: The Borivali-Goregaon west stretch has witnessed rising property prices for the last six months. Most of the home buyers are looking for smaller sized units – 2 and 3-BHK configurations because of the rising property prices. Depending on the budget, developers are offering various décor features – both, internally and externally, in their new projects.
Worli in Mumbai is a realty market to reckon with
Jul 17, 2013
MUMBAI: From being a traditional textile mill location a few decades ago, Worli has come a long way to emerge as one of the prime real estate destinations in the country’s commercial capital.
Mumbai sees highest office space absorption this year
Jul 16, 2013
MUMBAI: About 2.4 million sq ft (msf) of office space was absorbed in Mumbai in the first half (H1), (January-June), the highest across India, according to a new data released by global property consultant Cushman & Wakefield (C&W) on Monday. But this absorption was still 10% less compared to the first half of 2012.
Capital values rise along the Borivali-Goregaon West belt
Jul 15, 2013
MUMBAI: The 10-kms stretch, extending from Borivali west to Goregaon west, is high on the list of buyers looking for capital appreciation. With Kandivali west falling along the corridor, the area has 13 per cent of the total new properties (as per data with MagicBricks.com) being constructed there. Out of these, Goregaon west and Borivali west would be delivering 50 per cent and 20 per cent of the supply respectively, most of which is scheduled for possession in the coming three years.
Prime land deals expected this year despite slowdown
Jul 15, 2013
MUMBAI: The sluggish economic climate notwithstanding, big-ticket land sales are expected to see a spurt this year as some aggressive developers look to buy plots in anticipation of a revival of the property market.
Capital values rise along the Borivali-Goregaon West belt
Jul 15, 2013
MUMBAI: The 10-kms stretch, extending from Borivali west to Goregaon west, is high on the list of buyers looking for capital appreciation. With Kandivali west falling along the corridor, the area has 13 per cent of the total new properties (as per data with MagicBricks.com) being constructed there. Out of these, Goregaon west and Borivali west would be delivering 50 per cent and 20 per cent of the supply respectively, most of which is scheduled for possession in the coming three years.
Home buyers increasingly turn to Virar
Jun 17, 2013
MUMBAI: When Bollywood actor Govinda made his debut in the Hindi film industry, people made fun of him, labelling him ‘Virar ka chokra’, as the actor hailed from the far-flung Mumbai outskirts. Just like Govinda, Virar has come a long way since then and real estate and infrastructure development have made the area a prime location for those looking for affordable and spacious homes.
The Real Estate Bill only adds to the confusion
Jun 06, 2013
MUMBAI: If anything, the Real Estate (Regulation and Development) Bill is only going to add to the confusion existing in the sector. In any real estate project, there are three principal stakeholders -– developer, consumer and the authorities. The bill has been designed to empower the authorities further. There is little in it for the consumer, as for the developer, his project completion time has just got longer.
The upcoming middle-class destination
Jun 04, 2013
MUMBAI: The road from Ambernath to Badlapur is flushed with properties suitable for the middle-income buyers who have limited options available in Mumbai. Those looking for residential options in the budget range of Rs 20-40 lakhs can opt for the Ambernath-Badlapur area. They are witnessing an ever-increasing demand for residential properties because of their low property values.
Virar offers multi-dimensional benefits for affordable housing
Jun 03, 2013
For Somesh Vaidya, who shifted to Virar from Borivili, it was a decision he would not regret. The area has excellent connectivity, more open space and social infrastructure is no less compared to the other suburbs. Another added advantage of buying property here is its easy accessibility to Mumbai via the Western Express Highway, which is just five kms from the area and the Metro is only in three kms. The roads are also constructed well and are in good shape.
Mhada to hold 1 more lottery around Diwali
Jun 03, 2013
In a first, the Maharashtra Housing and Area Development Authority (Mhada) is planning to hold a second round of lottery for 2,450 under-construction flats around Diwali this year. The flats, which would be completed early next year, would be located in Virar, said Mhada vice-chairman Satish Gavai.

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