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Budget evokes mixed reaction among real estate players
Feb 28, 2015

 

Mumbai: The real estate industry, which had pinned high hopes on the Union Budget for revival of the liquidity-starved sector, welcomed some of the proposals of Finance Minister Arun Jaitley, but said there was no clarity on development of 100 smart cities.

 

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No development in Aarey precinct, says CM
Feb 27, 2015

 

Mumbai: Chief minister Devendra Fadnavis on February 26 reiterated his government is committed to protect open spaces in the city, adding there was no question of allowing any kind of development in the Aarey colony precinct.

 

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Maharashtra needs 50 lakh new homes to meet 'housing for all' target
Feb 25, 2015

 

MUMBAI: As part of the Centre's target under the 'housing for all' scheme, the Maharashtra government will have to build 50 lakh new homes by 2022 and for this it can consider some projects based on PPP model, industry body Naredco said.

 

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Govt’s fresh policy impetus positive for Mumbai realty: Motilal Oswal
Feb 25, 2015

 

The real estate sector is poised well to benefit from the downturn in rates, FDI policy relaxation and global fund-led liquidity. We expect greater rationality (compared to the previous upturn) in developers’ approach. Mumbai (especially the suburbs) remains our medium-term preferred market (followed by Bangalore) on low base, high pent-up demand, and government’s renewed focus on policy incentives – higher FSI, better infrastructure, etc.

 

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Acme Group to develop over 10 million sq. ft. within 5-7 years
Feb 25, 2015

 

Acme Group, the Mumbai-based company, unveiling their future plans for next 5-7 years held a conference, where they showed up company’s ambitious plans to develop up to 10 million sq. ft. of residential and commercial real estate in Mumbai and Gujarat over the period.

 

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Last arm of Kapurbavdi flyover may open on March 22
Feb 24, 2015

 

THANE: After skipping several deadlines, the Maharashtra State Road Development Corporation (MSRDC) may finally throw open the GB Road-Mumbai arm of Kapurbawdi flyover to motorists by Gudi Padwa, which is on March 22. The corporation has speeded up work of the last arm.

 

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Changing trends of NRI investment in Mumbai
Feb 23, 2015

 

The last couple of years have witnessed a marked increase in NRI investment in the Mumbai residential market.

 

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Thane to get Parking Slots and New Subways
Feb 20, 2015

 

Traffic is a menace in Thane, with several roads still without a signal. The urgent need to upgrade the infrastructure was paid heed to by the Thane Municipal Corporation (TMC).

 

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Housing.com ties up with Nirmal Lifestyle to sell 'One Mumbai'
Feb 20, 2015

 

Housing.com has entered into a partnership with Nirmal Lifestyle to sell the latter’s lifestyle property ‘One Mumbai’ located at Mulund in Mumbai.

 

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Thane, Kalyan-Dombivli among 20 promising cities: Survey
Feb 18, 2015

 

Thane: Here’s some good news for residents of Thane and Kalyan-Dombivli. These cities have made it to the top 20 promising cities in the country in a survey.

 

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Real estate needs tax sops, low registration charges
Feb 13, 2015

 

REITs, affordable housing and single window clearance – these are some of the issues that the real estate sector participants want to be addressed in this year’s budget. In conversation with Magicbricks, Ramesh Kelkar, head-credit & risk (WL & SME), Capri Global Capital Ltd spells out his budget expectations.

 

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How tenants can avoid being taken for a ride
Feb 13, 2015

 

Amrit Keshav a tenant in a prominent housing complex in Ghatkopar raised this query in Open House, Magicbricks’ discussion forum:

 

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BMC for redefining high-rise from 70m to 120m in Mumbai
Feb 12, 2015

 

In a move that could change the city’s landscape drastically, the Brihanmumbai Municipal Corporation (BMC) has now proposed to cut the procedure involved in constructing high-rise buildings. It has proposed to do this by redefining a high-rise from the current 70m (around 23 storeys) to 120m (around 40 storeys).

 

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CONSTRAINT-DRIVEN GROWTH PATTERN
Feb 11, 2015

 

The city of Mumbai was originally reclaimed from the sea by joining seven islands, with the intention of creating a shipping and trading hub for the British. However, the city that resulted from this exercise attracted a magnitude of population which was very disproportionate to that in any of the surrounding regions.

 

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Andheri West to get hit with new residential supply
Feb 11, 2015

 

If you are considering buying a home in Mumbai but the thought of high price is scary, you might like to consider the new upcoming projects in the city.  According to PropIndex (Oct-Dec 2014), the India Apartment Index by Magicbricks, close to 25 per cent of the total supply in the city was concentrated in Andheri West in Western suburbs and many other areas. 

 

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High housing supply in Mumbai
Feb 11, 2015

 

The considerable gap between demand and supply in the Mumbai Metropolitan Region (MMR)'s residential markets is impacting the real estate market of Mumbai. This was evident in the MagicBricks.com data of the October-December quarter 2014, where high supply of housing units in Mumbai, Navi Mumbai and Thane, were seen in varied ranges.

 

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BMC to renovate areas along Marine Drive
Feb 10, 2015

 

Efforts are being made by the Brihanmumbai Municipal Corporation (BMC) to paint the Art Deco buildings along Marine Drive in a uniform colour to draw more foreign tourists.

 

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Large or small: What investment is best for you?
Feb 9, 2015

 

Cities such Pune and Mumbai in the western part are established real estate markets and see constant housing demand in various price brackets. However, comparatively smaller cities such as Ahmedabad, Surat and Vadodra have also caught the fancy of the real estate buyers.

 

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How to Finance Investment Property
Feb 9, 2015

 

If you want to be one of the thousands of people who own commercial or residential commercial real estate, you will need know how to finance investment property expenses including your property loan and sometimes renovation expenses.

 

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CM Unveils Makeover Plan Of Mumbai Region
Feb 7, 2015

 

Mumbai : In its bid to give the much-needed boost to transform Mumbai Metropolitan Region (MMR) into a global, financial, commercial and entertainment hub, Chief Minister Devendra Fadnavis announced a multitude of steps including an indication towards raising the floor space index (FSI) in the region, permission to raise bonds to the BMC and a promise of time-bound implementation of infrastructure projects in the region.

 

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Two 55-storey towers to rise in Mahim bay
Feb 6, 2015

 

The city's first mega building project kissing the sea is all set to take off after coastal regulation zone (CRZ) norms restricting construction activity were relaxed near bay areas. Realty firm Hubtown, which recently won a case against the state government in the Supreme Court over its 5.5-acre Hindoostan Mills plot at Prabhadevi, has tied up with Wadhwa Group to develop the sea-facing plot.

 

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Property market rejoices as property prices increase in most of Indian cities and Sub-cities: MPI
Feb 5, 2015

 

Property Index for Oct-Dec 2014 brings good news for the real estate industry that has been experiencing the absence of buyers for quiet some time. In the present year, the government has taken quite a few initiatives to promote homebuyers to invest in properties.

 

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WITH OCTROI TO GO, BRACE FOR NEW TAXES IN FUTURE
Feb 5, 2015

 

While no taxes will be imposed on citizens this year itself, civic chief hints at four new taxes as an alternative revenue source to octroi in years to come, during budget presentation on Wednesday.

 

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Average cost of a Mumbai flat is Rs 3.03 cr: Affordable housing remains a myth in India
Feb 5, 2015

 

The BJP government's promise of affordable homes has remained just that for now as the real estate market in India continues to remain sluggish thanks to high prices and slow sales.

 

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‘Oceans are the ideal view from my balcony’
Feb 5, 2015

 

Waking up to the soothing sound of the sea waves rising and falling or the morning sunrise beaming through the bedroom window seems to be an ideal way to start the day for majority of home buyers in India.

 

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Higher charge on extra FSI may hit redevelopment in Mumbai suburbs
Feb 5, 2015

 

Maharashtra government's proposal to charge builders more for the extra 0.33 floor space index (FSI) given for housing projects is likely to hit redevelopment work in Mumbai's suburbs.

 

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Olympeo offers riverside living in Mumbai suburb
Feb 4, 2015

 

Prabhat Ranjan, co-founder of Brick Eagle, a financial services platform for the affordable housing industry, has forayed into real estate development with a new venture, Olympeo Infrastructure.

 

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Puravankara eyes Rs 400 crore revenue from Mumbai housing project
Feb 4, 2015

 

NEW DELHI: Realty firm Puravankara Projects today said it expects a revenue of about Rs 400 crore from a new housing project in Mumbai suburb to be jointly developed with land owner.

 

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Mumbai: Fewer buyers, high rates keep realty sector down
Feb 4, 2015

 

Mumbai’s real estate sector has shown no signs of improvement, even with the new government in power, as the number of unsold apartments continue to rise.

 

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It's time to hunt for your dream home
Feb 4, 2015

 

Year 2014 was the worst for developers across the country. Delhi saw the lowest sales in a decade and Mumbai in five years. The situation has not changed much in 2015 so far. Customers have been postponing a decision to buy a house due to high interest rates, rising property prices, stagnating income and late deliveries of projects.

 

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No tax hikes likely but revenue a worry
Feb 4, 2015

 

MUMBAI: It would be surprising if the municipal body announces tax hikes in a pre-poll year in its 2015-16 budget to be tabled on Wednesday.

 

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Puravankara inks deal to develop land in Bhandup
Feb 4, 2015

 

MUMBAI: Bengaluru-based Puravankara Projects has forayed into the country's most expensive property market with a joint development pact for a 2-acre land parcel in Bhandup, a Mumbai suburb.

 

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Industrial location policy to be scrapped
Feb 3, 2015

 

MUMBAI: The state industries department has proposed to scrap the industrial location policy to allow expansion of existing industries in Mumbai.

 

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No police NOC required to rent out property in Mumbai now
Feb 3, 2015

 

MUMBAI: Both property owners and tenants heaved a sigh of relief after a police circular stated that no NOC from the local police station, henceforth, will be required to obtain/ to let a property on rent in the city. In turn, the landlord will only need to send the agreement copy to the cops through registered post.

 

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Puravankara to develop housing project in Mumbai suburb
Feb 3, 2015

 

NEW DELHI: Puravankara Projects Ltd has entered into a joint development agreement to develop a housing project on a two-acre land parcel in Mumbai.

 

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Mumbai's low-cost housing project a non-starter
Feb 3, 2015

 

Tall claims, but no delivery. It has been five years since the Maharashtra Chamber of Housing Industry (MCHI-CREDAI) entered into a pact with the state government for an ambitious project of building five lakh low-cost houses in Mumbai, but the project has been a non-starter.

 

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State government turns focus on builders to raise revenue
Feb 3, 2015

 

With finances in doldrums but not keen to tax citizens more, the Maharashtra government has turned its attention on cash-rich builders for augmenting its resources. The state government is on the verge of tweaking an old scheme that the state believes have helped builders earn huge profits at the expense of the state.

 

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Are freebies pushing Navi Mumbai’s real estate market?
Feb 3, 2015

 

From expensive mobile phones, to cash discounts with free built-up area, developers in Navi Mumbai are going all out to attract buyers by every possible means. This is not limited to any specific locality but applies to all micromarkets of the new city.

 

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Developers eye mixed-use projects to generate cash flow
Feb 2, 2015

 

DB Realty recently announced it would develop its two acre parcel in Marine Lines as a mixed-use project rather than build just a hotel. So it’s combining a residential property, a mall, a hotel and an office tower in one single, large complex.

 

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Mumbai's low-cost housing project a non-starter
Feb 2, 2015

 

Tall claims, but no delivery. It has been five years since the Maharashtra Chamber of Housing Industry (MCHI-CREDAI) entered into a pact with the state government for an ambitious project of building five lakh low-cost houses in Mumbai, but the project has been a non-starter.

 

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Hot Spot: Kanjurmarg, Mumbai
Feb 1, 2015

 

Kanjurmarg, close to Powai and Vikhroli, is an emerging business district in the heart of Mumbai. Its location on the central line provides easy accessibility to both the Harbour and Western lines of the city's local rail network.

 

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