Latest Realty News

The evolution of Kandivali as a residential hotspot in Mumbai
Oct 08, 2013
MUMBAI: Kandivali has seen a drastic transformation in recent times. Homebuyers prefer this location due to its proximity to important commercial centres, like BKC and Andheri. With projects focused on modern lifestyles and amenities coming up in the area, buyers have another reason to rejoice. There are a number of exceptional facilities, like schools and colleges, restaurants, theatres and gardens in Kandivali; the area has undergone a complete makeover.
Right time to invest in the Goregaon-Borivali growth corridor
Oct 08, 2013
MUMBAI: For people looking for well-designed living spaces with beautiful landscapes, the glitziest malls and commercial outlets – all within a walking distance, Goregaon west is the ideal location. Off the western express highway, Goregaon west has emerged as an upscale commercial and residential destination in the western corridor of Mumbai.
Andheri East is an attractive proposition for Mumbai homebuyers
Oct 08, 2013
MUMBAI: Andheri east has gained prominence in both, residential and commercial segments lately. It is an industrial area and also a MIDC-SEEPZ zone. The Chhatrapati Shivaji International Airport is an important landmark here. The upcoming Mumbai metro and its close proximity to the western express highway ensure that any project here will see increasing valuations over the years. Ramesh Nair, managing director west, Jones Lang LaSalle India, says, “The area has now become a hot property destinat
Now, apply online for deemed conveyance in Mumbai
Oct 03, 2013
MUMBAI: Cooperative housing societies will be able to file online applications for deemed conveyance of their properties from October 10, said a Member of Parliament.
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.
Social infrastructure for quality life
Sep 27, 2013
MUMBAI: Buying a suitable house that fits in their budget is no doubt very important for home buyers. However, equally vital are the educational, health, transport, security, cultural and recreational facilities for quality living, which range from grocery stores and markets to banks, schools, hospitals, theatres, restaurants, clubs, religious places, etc. “Buyers have always had a holistic approach and they prefer to have schools, hospitals, shopping complexes, entertainment centres, etc., in c
35 illegal floors of Campa Cola may be razed on Oct 3
Sep 27, 2013
MUMBAI: The last vestiges of hope for embattled residents of the upscale Campa Cola society in Worli appears to be lost. The BMC’s building proposal department has “on legal grounds” rejected their proposal to regularize those sections of the society that fall within the permissible floor space index (FSI) limit. The BMC plans to raze 35 illegal floors across seven buildings on October 3, instead of the earlier plan of October 2 owing to Gandhi Jayanti.
Experts say pay VAT only if sale deed mentions it
Sep 27, 2013
MUMBAI: The SC was hearing 26 appeals against VAT on sale of flats, of which 12 were from Maharashtra and the rest from Karnataka while upholding the states’ right to impose VAT. The verdict means flats sold since July 1, 2006 will be liable for payment of the tax, unless the building was issued an Occupancy Certificate before the sale agreement.
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
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.
Mumbai’s realty sees no big price cuts soon
Sep 12, 2013
MUMBAI: In early 2013, a central Mumbai realtor’s son was set to join his father’s business. Then, the slowdown set in. The family patriarch asked the youngster to go abroad for higher studies. “For 8 years, real estate provided stability and growth. Now, it’s struggling.
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.
Moving to suburban Thane for a quality life
Sep 09, 2013
MUMBAI: A city apartment blocked by high-rises and smoke screen from the constant construction frenzy and congested streets, or a spacious suburban layout staring into a lush green cover with a slice of cosmopolitan urban lifestyle.
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.
Mumbai property rates may remain subdued in near future
Sep 06, 2013
MUMBAI: Real estate developers in Mumbai are finding it difficult to increase property prices because of rising inventory levels, subdued demand and uncertain macroeconomic environment, says credit rating agency Icra.
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.
No rebate on early property tax payments this year in Mumbai
Jul 23, 2013
MUMBAI: Procedural and technical delays have forced the civic body to cancel the proposed property tax rebate on early bill payments for 2013. The Early Bird Incentive Scheme will now be rolled out only for the financial years 2014-15 and 2015-16.
Mumbai: At the pinnacle of the luxury market
Jul 22, 2013
MUMBAI: Historically, Mumbai has not just been the financial capital of India but also the ‘luxury capital’ of the country. However, some people are critical of this assessment, pointing to the fact that luxury brands like Louis Vuitton or Gucci have spread to stores in other markets, as well. Nevertheless, when it comes to real estate, the city’s property market still commands a premium in India and also in the global context.

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