Latest Realty News

Property-prices-in-Mumbai-could-rise-6%-in-2015:-JLL-
Jun 05, 2015
New Delhi: Property prices in Mumbai are expected to see an appreciation of 6% in 2015, according to property advisory firm JLL India.
Mumbai’s ultra rich have outgrown living in apartments
Feb 17, 2014
MUMBAI: Living in a bungalow has become the ultimate status symbol for the city’s uber rich, who are not swayed by penthouses and sky villas with 360-degree views
New RR rates hike cost of old flats in Mumbai too
Jan 06, 2014
MUMBAI: If you choose to buy a flat in an old building today, you won’t be able to avail of the full 30% depreciation in the property‘s value. The up to 20% hike in ready reckoner (RR) rates for properties this year has lowered the depreciation benefit for flats in 20-year-old buildings to merely 2% to 11%. As a result, stamp duty to be paid on new and old flats will no longer vary substantially.
Proposed sea link to support Navi Mumbai market
Dec 13, 2013
MUMBAI: The proposed 22 km six-lane sea link between Sewri and Nhava Sheva is all set to change the skyline of Panvel as the distance between Mumbai city and Panvel will reduce drastically. With this proposed infrastructural project and development of various offices and corporate houses around Navi Mumbai, the demand for residential properties in Navi Mumbai is expected to increase.
Increase Of TDR Catches Mumbai Real Estate Off-Guard
Nov 16, 2013
MUMBAI: The sudden rise in the TDR price has taken the market unawares, despite the fact that such a rise was likely because not much of TDR generation was taking place. Effectively, TDR prices have now doubled, and such a steep rise was not expected. The current price of TDR is now around INR 4000 per sq ft.
A new law must to protect flat buyers’ interest
Nov 08, 2013
MUMBAI: The Campa Cola case highlighted the lack of law to protect hapless flat buyers, said legal experts.
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.
Mira-Bhayander stretch on a high, appreciation expected
Oct 23, 2013
MUMBAI: Prices of residential properties on the Mira-Bhayander stretch – the suburban location in Thane district, have doubled in the past three years on the back of growing connectivity and infrastructure and there is scope for further appreciation in the near future. The locality is administered by the Mira-Bhayander Municipal Corporation (MBMC). A 1,000-sq ft apartment in a multi-storeyed building is available in the range of Rs 75-80 lakhs at present.
Illegal to move into property without occupation certificate
Oct 21, 2013
MUMBAI: It is against the law to move into flats in buildings without the mandatory municipal occupation certificate (OC), the Bombay high court has ruled. A division bench of Justice S C Dharmadhikari and Justice Gautam Patel sought action against 49 flat owners as well as a nursing home in two wings of a building with six wings in Sion East.
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.
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.
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.
Tapering growth lowers luxury home sales
Jul 11, 2013
MUMBAI: The richer middle class too is feeling the impact of the slowdown and isn’t buying homes like before, badly impacting sales of luxury homes.
Real estate booms in the Kalyan-Dombivli stretch
Jul 08, 2013
MUMBAI: The Kalyan-Dombivli stretch in the western part of Maharashtra, is the new stretch of real estate growth in the state. Kalyan and Dombivli come under the municipal corporation of Kalyan-Dombivli Municipal Corporation (KDMC). It falls in what is now called the greater Mumbai built-up area.
BMC will refund Rs 895 crore to citizens for extra property tax paid
Jul 03, 2013
MUMBAI: The Brihanmumbai Municipal Corporation (BMC) has to refund Rs 895 crore to citizens who have paid extra property tax based on provisional bills sent to them since 2010, before the final ones based on the capital value system were sent early this year.
No tax cuts, FSI sops for eco-friendly buildings in Maharashtra
Jul 03, 2013
MUMBAI: After dangling a carrot in front of developers and citizens to promote environment-friendly buildings, the state government seems to have yanked it away for now.
How to buy a flat and not lose sleep in Mumbai
Jul 03, 2013
MUMBAI: the city where the dream of owning a cherished home can turn into a dreadful experience for the flat buyer. Mumbaikars have spent sleepless nights after authorities have ordered the demolition of their buildings for violations the residents were unaware of. The beleaguered residents of Worli’s Campa Cola compound, and those who later found that their buildings stood on forest land, are only two such examples.
Ghatkopar-Vikhrolibhandup-Mulund ideal for mid-segment buyers
Jul 02, 2013
MUMBAI: It is a known fact that the Mumbai property market is the most expensive in the country. However,despite the exorbitant prices and premium localities, the city has, on a consistent basis, managed to nurture areas that can still be labelled as relatively affordable.
Bengaluru most affordable, Mumbai most unaffordable
Jul 02, 2013
MUMBAI: Mumbai remains the most unaffordable market with 29% of the city’s total under construction units surpassing the Rs 10 million mark as compared to 11% and 5% for the NCR and Bengaluru markets respectively, said a Knight Frank research report released on July 1. Bengaluru remains the most affordable residential market with more than 77% of its total under construction units falling below the ticket size of Rs 5 million. This is followed by Chennai at 75%.
BMC extends property tax payment date
Jul 02, 2013
MUMBAI: The due date for the payment of property tax bills is extended upto September 30 in respect of properties having final property tax bills higher than provisional property tax bills issued for the period 2010-11, 2011-12 and 2012-13 due to increase in taxes.
No property papers? What sellers & buyers should do
Jul 01, 2013
MUMBAI: A couple of years ago, when Vaibhav Chapke, a 38-year old IT professional, was looking to buy a house, he zeroed in on one at Kandivli, Mumbai. "The property agent had shown me a few houses, but I liked this one because it was in an ideal location, was well-maintained and, more importantly, fit my budget." However, Chapke became suspicious and reluctant when the owner said he preferred the entire sale proceeds in cash, at one go. He decided to research and roped in a lawyer to help him o
Residential options galore in Ghatkopar, Mulund, Bhandup, Vikhroli
Jul 01, 2013
MUMBAI: Ghatkopar, Vikhroli, Bhandup and Mulund are situated along the central line in Mumbai. These localities have emerged as attractive destinations for buyers looking for areas that are close to the nerve centres of the metropolis.
Two-Day Road Show of DAMAC Properties in Delhi and Mumbai
Jun 27, 2013
MUMBAI: DAMAC Properties, the largest private developer of luxury real estate in the Middle East, is beginning a two-day road show in Delhi and Mumbai to showcase the latest luxury living in Dubai.
Reliance building on real estate interests in Kenya
Jun 27, 2013
MUMBAI: Reliance Industries is expanding its presence in the real estate sector in Africa.In its second major foray, the Mukesh Ambani-owned Reliance Industries has acquired 10 prime plots of land in Kenya’s capital, Nairobi, for around Rs 202 crore ($33.9 million).

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