Latest Realty News

BMC property tax collection system down as deadline nears
Sep 18, 2013
MUMBAI: The property tax payment deadline is just 15 days away, but the BMC’s collection system has been on the blink since a week, hugely inconveniencing Mumbaikars. It may take a few more days to be up again.
Does Vasai-Virar have the potential to become an independent city?
Sep 16, 2013
MUMBAI: With a corporation area of roughly 383 sq km and another 500 sq km of Taluka area, the Vasai-Virar region is being touted to become a city in itself. However, does having a large area alone suffice to convert a region into a self-sufficient city? It takes proper social and physical infrastructure along with well-developed connectivity to render a locality self-sufficient. With the inception of the Vasai-Virar Municipal Corporation (VVMC) in 2012, the Vasai-Virar region holds huge potenti
30% more housing plans launched in Mumbai this year
Sep 11, 2013
MUMBAI: Mumbai witnessed the launch of nearly 18,000 housing units between January and June, an increase of 30% compared to the same period in 2012, said a quarterly report by global property consultants Cushman and Wakefield.
Mumbai’s long wait to replicate Manhattan, gets longer
Sep 07, 2013
MUMBAI: Perhaps no other ambitious urban infrastructure project that has been touted as a game changer, has waited for more than 30 years, yet has had no takers, with a future that is delayed, if not denied. The Mumbai Trans Harbour Link (MTHL) project has been under consideration for the last 30 years to develop the island city the way Manhattan in the US has been developed, reduce traffic congestion and grow the area surrounding Navi Mumbai.
Homes in Rs 30-40 lakh budget in Navi Mumbai
Sep 02, 2013
MUMBAI: Exorbitant real esate prices in Mumbai, have pushed residential demand towards Navi Mumbai. Today, the urban sprawl into the sub-city, has crossed all limits and has resulted in realty prices shooting up in Navi Mumbai too. However, despite the growing demand and consequent rise in capital values, one can still find a home for oneself in Navi Mumbai, within the affordable range of Rs 30-40 lakhs.
‘Real Estate Regulation and Development Bill 2013 a positive step’
Aug 30, 2013
MUMBAI: The National Real Estate Developers’ Council (NAREDCO) wants rules and regulations governing real estate sector to be rationalised. It said large portion of the inconsistencies emerge from archaic laws, guidelines that conflict with the development agenda of the economy, disparity in incentives given to larger projects as against the same given to smaller projects. Also, the current FDI norms also make it difficult for smaller developers to access capital easily.
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
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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