Latest Realty News

No progress in making building approvals public
Nov 06, 2013
MUMBAI: It was in 2009 that the then municipal commissioner Jairaj Phatak introduced a system whereby all building plans would be submitted on a compact disc and permissions and concessions granted online. The approved plans then were to be displayed on the BMC’s website for citizens to know what had been sanctioned.
Premium housing prices may fall soon on inventory pile-up
Nov 05, 2013
MUMBAI: Investors can look forward to premium housing units getting cheaper by up to 20 per cent and gold prices rising significantly this festive season, says a financial advisory firm.
What isn't your investment?
Oct 25, 2013
MUMBAI: Have you ever considered whether you have become a crorepati after the price of your house rose 50 per cent in two years? Or, whether you have Rs 10 lakh of family jewellery?
Chembur: MMR’s best foot forward
Oct 25, 2013
MUMBAI: Located between South Mumbai on one side and Navi Mumbai on the other, Chembur enjoys seamless connectivity in the form of the Eastern Freeway and Monorail towards the southern parts of the city
Soon, hi-tech tests to spot unsafe buildings in Mumbai
Oct 21, 2013
MUMBAI: In a first, some of the city’s dilapidated structures like schools and hospitals will undergo ultrasonic pulse testing and 3D scanning to detect where structural flaws lie.
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.
Bank premises charged four times more property tax than bars
Oct 15, 2013
MUMBAI: Owners leasing out properties to banks will have to cough up more than four times the property tax paid by bars under the BMC’s new capital value-based system. The new tax is almost twice of what is applicable to a five-star hotel and nearly 20 times more than that for a residence.
Crucial realty document is yours only if you pay dues
Oct 10, 2013
MUMBAI: Seeking the copy of a property registration card (PRC) at the land records office can prove to be a costly affair. A PRC is a land record which provides the complete history of past owners as well as current owners. It is an invaluable document for land-owners to prove ownership. With the Right to Information Act, 2005, any citizen can seek the PRC of any plot. It is here that the catch lies.
Pragmatism to drive Mumbai’s realty growth
Oct 10, 2013
MUMBAI: Statistics may highlight the rising realty inventory but the undercurrent in the Mumbai property market indicates that revival is very much on the cards.
‘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.
Building terrace must be open to all residents: Bombay High Court
Sep 30, 2013
MUMBAI: No resident can be allowed to obstruct the BMC’s move to ensure access to the building’s terrace to all residents and for emergencies, the Bombay high court has ruled.A division bench of Justices S C Dharmadhikari and Gautam Patel dismissed a petition filed by a resident of a building in Grant Road who had challenged the notices issued by the municipal corporation.
New generation of homebuyers flock Thane for best options
Sep 13, 2013
MUMBAI: Thane was earlier considered as an extended suburb of Mumbai. Now, it has evolved into a self-sustained city in itself. The high levels of demand for housing in Thane have also necessitated vertical development, since Thane will be witnessing serious real estate growth in the coming years.
Highrises in Mumbai need Met nod
Aug 27, 2013
MUMBAI: Developers building skyscrapers over 70 metres high (20 floors) in the island city now face another hurdle to get their plans approved. In perhaps a first in the city, the regional meteorological centre has lopped off the height of two proposed towers by half because they could have interfered with the new Doppler weather radar installed on top of the 18-storey Archana building in Navy Nagar three years ago.
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:
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
Is affordable housing in Mumbai a distant dream?
Jul 25, 2013
MUMBAI: Developing affordable housing in Mumbai is crucial to ensure that the low-income group is not compelled to live in illegal buildings, thereby, curbing tragedies related to collapsing buildings. There are a lot of economic, regulatory and urban issues which need to be looked into for ensuring that there is enough affordable housing inventory to meet the demand. While the unavailability of urban land, rising costs of construction and regulatory issues are the supply-side constraints, lack
Commercial setups, connectivity, boost residential demand in Andheri East
Jul 24, 2013
MUMBAI: Situated in the western suburbs of Mumbai, the eastern part of Andheri, known for its commercial setups, is fast becoming a promising residential destination to watch out for. The planned commercial development here includes the Maharashtra Industrial Development Corporation (MIDC), the Santa Cruz Electronic Export Processing Zone (SEEPZ) and the Solitaire Corporate Park. All of these projects are boosting the residential market in the locality. The area is well-placed and connected to m
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.

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