Latest Realty News

Focus now on ‘smart cities’, satellite towns of Mumbai
Jul 12, 2014
MUMBAI: Internal roads, street-lighting, water supply and sewage networks in Mumbai’s satellite towns like Kalyan-Dombivli, Bhiwandi-Ulhasnagar, Mira-Bhayander, Panvel, Ambernath, Kulgaon-Badlapur and Nallasopara may get better soon.
Campa residents see hope in SC’s remark
Jul 10, 2014
MUMBAI: The residents of Worli’s Campa Cola Compound believe that the Supreme Court’s latest observations have offered them a ray of hope. But legal experts are cautious in their opinion on whether this paves the way for regularization of the unauthorized floors of the compound’s buildings.
SC: Deal with Campa Cola as per law
Jul 09, 2014
MUMBAI: The Supreme Court on July 7 did not agree with the BMC that residents of unauthorized flats in Worli’s Campa Cola Compound have committed contempt of court by not vacating their residential units in disregard of the SC’s February 27 judgment.
Mumbai: Residential demand increases in eastern suburb
Jul 07, 2014
MUMBAI: The hitherto low-profile eastern suburb of Mumbai, starting from Kurla to Thane on the Lal Bahadur Shastri Marg, is fast becoming the next commercial hub of the city with tiny office complexes and new-age retail destinations, giving tough competition to its southern and western counterparts such as Nariman Point, Worli-Lower Parel and Bandra-Kurla Complex, among others.
Infrastructure growth driving Mumbai’s realty
Jun 15, 2014
MUMBAI: Infrastructure is one of the deciding elements for finalising a property. A location that has good infrastructure development, commands high property rates and has good growth prospects and vice-versa. Shailesh Puranik, managing director, Puranik Builders, explains that “Buyers generally look out for basic infrastructure such as good and widened roads, easy connectivity to railway stations, airports, arterial roads, adequate supply of water and electricity, enough open spaces, and others
Not a single Campa Compound resident returns keys
Jun 15, 2014
MUMBAI: The deadline for vacating illegal flats in Worli’s Campa Cola compound lapsed at 5pm, June 12, but not a single resident submitted keys to their ward office, as asked by the BMC. The civic body now plans to enter the premises on June 17 to cut electricity, water and gas connections, following which it will start demolishing the internal walls of the flats to make them uninhabitable.
Campa residents divided as deadline gets over
Jun 15, 2014
MUMBAI: June 12 marks the final deadline for residents of the illegal flats at Worli’s Campa Cola compound to vacate their apartments and hand over the keys to the local G South ward office. The BMC on June 13 is likely to serve notices, saying they will enter their premises and take action to evacuate the occupants.
Mumbai’s Vasai-Virar belt offering affordable homes
Jun 15, 2014
MUMBAI: For most homebuyers who are looking for affordable homes, the Vasai-Virar belt has many good projects to suit their budget and needs. With office premises shifting from south Mumbai to the city’s western suburbs and rehabilitation of slums going on in full swing, the areas are witnessing huge interest from buyers.
Infrastructure growth driving Mumbai’s realty
Jun 14, 2014
MUMBAI: Infrastructure is one of the deciding elements for finalising a property. A location that has good infrastructure development, commands high property rates and has good growth prospects and vice-versa. Shailesh Puranik, managing director, Puranik Builders, explains that “Buyers generally look out for basic infrastructure such as good and widened roads, easy connectivity to railway stations, airports, arterial roads, adequate supply of water and electricity, enough open spaces, and others
Redevelopment of pagdi properties in Mumbai
Jun 01, 2014
MUMBAI: For redevelopment of tenancy properties, there are three parties between which the agreement for redevelopment is done
The opportunity in Mumbai’s inventory overhang
May 31, 2014
MUMBAI: The uncertainty in the real estate market has existed for some time now. With the market having been in a wait and watch mode and the growth figures of the Indian economy not looking so bright currently, the developers in Mumbai have found it tricky to offload their inventory. New property launches have definitely reduced in the market. This situation has led to a price reduction and handsome discounts or attractive freebies have been around for some time.
Affordable Housing in Delhi,Property in Delhi,Real Estate in Delhi
May 28, 2014
MUMBAI: After facing flak for being “inhuman” when evicting residents to raze the 35 illegal floors in Worli’s Campa Cola compound last November, the BMC is now treading carefully.
Infrastructure drives real estate along NH3
May 21, 2014
MUMBAI: Infrastructure growth has given impetus to the real estate market across India. The widening of the eastern express highway and construction of a number of flyovers on this stretch led to the increased accessibility of Thane and adjoining areas to south and central Mumbai, resulting in rapid development of Thane and adjoining areas. Similarly, the areas along the National Highway 3 (NH3) are also likely to see considerable transformation, due to its widening into a four-lane highway.
Check status of under-construction buildings on Cidco website
May 20, 2014
NAVI MUMBAI: The City and Industrial Development Corporation (Cidco) have initiated a programme where it will upload list of permissions granted to underconstruction buildings.
Rs 630 cr penalty to have little impact on DLF
May 20, 2014
MUMBAI:The way the market reacted to news of a penalty being imposed on DLF suggest the strong bullish trend in the real estate sector. Competition Appellate Tribunal (COMPAT) today upheld a penalty of Rs 630 crore on DLF for abusing its dominant position in the market. The stock closed 7.54% higher at Rs 182.45.
Inorbit to invest Rs 250crore every year for brownfield expansion
May 19, 2014
MUMBAI: Inorbit Mall, a subsidiary of K Raheja Corporation, plans to invest around Rs 250 crore every year for expanding its presence in the country through brownfield route, a top company official said.
Mumbai: The ‘undisputed king’ in Indian office market
May 16, 2014
MUMBAI: International property consultancy JLL India, has released its latest research report ‘Mumbai Offices 2020: Mapping the Future of the Mumbai Office Market’. Anticipating the changing trends of commercial real estate in India’s financial capital, ‘Mumbai Offices 2020’ provides ‘foresight with purpose’ into where Mumbai’s office market is headed. Talking about this report, Ramesh Nair, COO – business, JLL India, says, “With this report, we reaffirm that Mumbai will continue to be acknowled
It’s raining offers in real estate sector too!
May 14, 2014
MUMBAI: Cash discounts, freebies, lucky draws, sale fiestas, home buying days, foreign trips, et al; if anyone were to talk about all of these in the real estate context, even five years back, it would just elicit disbelieving responses. Today, all these selling strategies, which have been drawn from sectors like retail, FMCGs, etc., is a major part of any real estate company’s marketing and branding strategy. As the players in the organised sector of real estate grow in numbers and profit margi
CREDAI to organise property show
May 12, 2014
NASHIK: The Confederation of Real Estate Developers' Association of India (CREDAI) will be organising 'Property Show 2014' from May 23 to May 25 at Dongre Vasatigruha. This year, the exhibition is being organised on national and international level.
Only builders, banks gain when you take loan to invest in realty
May 11, 2014
MUMBAI: An acquaintance recently told me that his colleague had bought a flat for Rs 40 lakh and is selling it at Rs 80 lakh. He had made a down payment of only Rs 8 lakh at the time of buying the flat. According to him, real estate was the best investment option. This is something we hear almost every second day as financial planners.
BlackBerry to sell its Canadian real estate for $278 million
May 08, 2014
MUMBAI: Smartphone-maker BlackBerry will sell a majority of its real estate holdings in Canada to real estate investment firm Spear Street for about $278 million.
Corporators renew demand to save illegal Campa Cola buildings
May 01, 2014
MUMBAI: As a month remains for the extension given to Campa Cola residents to end, corporators have restarted efforts to save the unauthorized structures in the Worli colony.
Property market receptive this Akshay Tritiya
Apr 30, 2014
MUMBAI: To say that the property market of Mumbai has been subdued for quite some time would be stating the obvious. Reports of inventory pile up and appreciation despite slow sales have only made the sentiments bearish. The macro-economic outlook in the last year, has also not supported the cause of real estate market in the city. Amidst this gloomy scenario, comes the festival of Akshay Tritiya, which has traditionally been known for property acquisition in the city. It has not only got the em
Realty maintains optimism despite RBI’s status quo on policy rates
Apr 17, 2014
MUMBAI: The real estate industry was expecting a significant rate cut in the policy rates announced by the RBI on April 1, 2014, but all hopes were shattered as the central bank kept the previous rates unaltered. With inflation showing signs of easing and growth regaining momentum, the industry was expecting a cut in key rates to further boost the businesses. Experts believe that this is a good sign though because now at least one thing is clear; the interest rates would start coming down in the
Are you paying a higher maintenance bill for housing society?
Apr 15, 2014
MUMBAI: Ashwini Rao, 31, had been paying a fixed amount every month to her cooperative housing society in Mumbai as maintenance charges. However, two years ago, when the managing committee asked her to cough up an additional Rs 1,000 for keeping a pet, she was taken by surprise. "It was not even our own pet. My brother and his family were going on a vacation for a few days and wanted us to look after it till they returned, but the managing committee just wasn't ready to listen," says Rao. She ha

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