Thane Property News

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Lodha Splendora Reopens Bookings With Over 400 Units Sold in 15 Days
Jan 30, 2015

 

Lodha Group, India's largest real estate developer, has received 400 units of bookings within 15 days for its Ghodbunder Road development in Thane. Connectivity, infrastructure and affordability are some of the key factors that have influenced home buyers to choose Ghodbunder Road in Thane.

 

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Fadnavis plans mega biz hub to boost city’s image
Jan 30, 2015

 

In a bid to help Mumbai and the Mumbai Metropolitan Region (MMR) regain the top spot as the country's premier growth centre, chief minister Devendra Fadnavis has plans to expand the financial capital to the north.

 

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MMR housing market likely to improve in next 6 months
Jan 29, 2015

 

Knight Frank India's real estate outlook report report released on Wednesday shows that the Mumbai Metropolitan Region (MMR) saw a steep fall of 9% in apartment sales in 2014 even though it registered the highest sales among Bangalore, Chennai, Pune, Hyderabad and the NCR.

 

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In Pics: Recent Mumbai real estate trends
Jan 29, 2015

 

2014 has been a mixed year for Mumbai’s real estate market. It has benefitted on the regulatory level thanks to movement on long pending matters like REITs, FDI in real estate, industry status for affordable housing, the recent ordinance introduced to make major changes in the existing Land Acquisition Rehabilitation and Resettlement Act 2013 and the decision for Maharashtra to become the first state to adopt the Maharashtra Housing (Regulation and Development) Act, 2012, along with a marginal increase in the country’s GDP.

 

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Mira Road, the next new active locality with housing stock
Jan 28, 2015

 

If you are one of those buyers who keep an eye on the developed areas of Mumbai with new supply of housing options, there is good news for investors and end users. Mira Road, situated in the western peripheral area of Mumbai, offers new housing stock with over 30 upcoming housing projects.

 

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Bank cannot break into a flat in case of loan default, rules HC
Jan 27, 2015

 

The Bombay high court has allowed proceedings against HDFC Bank over allegations that it seized a flat in Pune by breaking open the locks after its owners defaulted on a loan. Justice Abhay Thipsay questioned whether the bank could have forcibly taken possession of the flat without a court order and directed a magistrate-ordered investigation into the case.

 

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E-commerce expansion benefits real estate and logistics sectors
Jan 26, 2015

 

India’s warehousing and logistics real estate segment has benefited immensely from the expansion in e-commerce over the last two years. The emerging retail segment took up about 1.7 million sq. ft. of warehousing space across Mumbai, Chennai, Bengaluru and the Delhi National Capital Region in 2014, according to a report by CBRE, a leading commercial real estate services and investment firm. The report said that almost 25 per cent of the total warehousing/logistics space uptake across India in 2014 was by e-retail players, while the uptake in logistics space rose by more than seven times over that of 201

 

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IIFL raises Rs 750 crore for second realty fund
Jan 24, 2015

 

Local financial services firm India Infoline (IIFL) has raised Rs 750 crore for its second real estate fund and has received an additional commitment of Rs 250 crore from both local institutional and high net-worth investors to co-invest with the fund, signalling the return of bullishness in the real estate sector after a slump of two years.

 

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Adarsh Realty to build Shangri La Hotel for Rs 600 crore
Jan 24, 2015

 

Adarsh Realty and Hotels, hospitality arm of Adarsh Group, will invest around Rs 600 crore to build a Shangri-La branded luxury hotel in Bengaluru, a top company executive said.

 

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JLL India arm plans to raise Rs 300 crore
Jan 23, 2015

 

Property consultancy firm JLL India's investment arm JLL Segregated Funds Group is planning to raise its second real estate fund with a total target size of Rs 300 crore.

 

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What attracts buyers to Taloja?
Jan 22, 2015

 

As central Mumbai localities are out of reach for several property seekers, the upcoming suburban areas are the saviors. One such location is Taloja in Navi Mumbai, which offers properties at a lower price along with sound social infrastructure and connectivity.

 

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Infrastructure leads development
Jan 22, 2015

 

For any city, its infrastructure is a matter of pride. From roadways, railways to airports and other smart-city initiatives, the last few years have witnessed a phenomenal change in the sector, leading to world-class facilities.

 

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State government unlikely to roll back revised ready reckoner rates in Thane
Jan 21, 2015

 

THANE: The state government is unlikely to accede to the demand of developers to roll back the new ready reckoner (RR) rates in Thane.

 

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Mumbaikars hunt outskirts for affordable homes
Jan 20, 2015

 

The upcoming PropIndex (Oct-Dec 2014), the India Apartment Index by Magicbricks has shown increasing preference for affordable properties in the last two quarters, proving how strongly Mumbaikars are being influenced by the ‘affordable housing dream’ of the present government.

 

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Realty developers must focus on affordable housing: Eknath Shinde
Jan 19, 2015

 

Maharashtra PWD Minister Eknath Shinde on January 16 asked realty developers from the city to focus on construction of affordable housing projects. Such projects will allow the middle-class citizens to realise their dream of owning a house, said Shinde, who is also Guardian Minister of Thane.

 

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Kharghar to see over 30 new residential projects
Jan 9, 2015

 

Kharghar located in Navi Mumbai, has grown into a popular residential housing option for buyers. Laxmi Gusain, a resident of Sector 35, Kharghar says, “In 2013, our family shifted to Mumbai and started look for a decent 2BHK apartment and our search took us to Kharghar.

 

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Mumbai may lose 2,000 open spaces to BMC’s inaction
Jan 9, 2015

 

The city stands to lose 2,000 or nearly two-thirds of plots reserved as open spaces, following recent amendments to the Maharashtra Regional Town Planning (MRTP) Act granting a two-year extension to prepare the new Development Plan.

 

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What’s your property resolution in 2015?
Jan 8, 2015

 

It is that time of the year when everyone is busy making (or breaking) New Year resolutions. While some might be determined to lose some extra pounds, others might have made promises to spend more time with their families, quit smoking or to take international vacations.

 

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Housing society need not pay tax on transfer fees
Jan 8, 2015

 

A south Mumbai housing society has won an appeal in a tax dispute relating to taxation of non-occupancy charges and transfer fees received by it from its members. The Income-Tax appellate tribunal (ITAT) which heard this case, held that these receipts would not be taxable in the hands of the housing society.

 

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Citizens may benefit as BJP against 20% hike in property tax
Jan 7, 2015

 

The rift between the Shiv Sena and BJP is likely to benefit property owners in the city, as the latter is opposed to the BMC's plan to increase property tax by 20%.

 

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Anything below Rs 80 lakh is affordable in Mumbai
Jan 6, 2015

 

Having per capita income of over Rs 1.2 lakh as per State Economic Survey of 2013, Mumbaikars actually consider properties below Rs 80 lakh as affordable. However, the options available in this budget range are countable and limited to areas beyond the Western Suburbs or towards North Mumbai.

 

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India Real Estate: How IPCs Make A Difference
Jan 6, 2015

 

In a market still defined by significant lack of transparency, real estate consultancies play a complex and responsibility-driven role in all real estate transactions, especially in the case of high-value property assets. In large ticket sized transactions such as those involved in Grade A office spaces, there can be no margin for error.

 

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Mumbai Real Estate – Constraint-Driven Growth Pattern
Jan 6, 2015

 

Mumbai city 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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Mumbai Real Estate – Constraint-Driven Growth Pattern
Jan 5, 2015

 

Mumbai city 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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Home buyers in Mumbai to feel the pinch as ready reckoner rates increase
Jan 5, 2015

 

Home buyers in Mumbai will have to pay more for their dream homes after a cash-strapped Maharashtra government sharply increased government rates used to calculate taxes paid by consumers when purchasing property.

 

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Rush for property registrations sees record stamp duty revenue
Jan 5, 2015

 

The rush of buyers in Mumbai to get properties registered before the state's new ready reckoner regime came into effect on January 1 was so heavy that the online registration system crashed on December 31. The website igrmaharashtra.gov.in of the department of registration and stamps continued in that state for over three hours.

 

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Tips for investing in Gaothan properties
Jan 2, 2015

 

In areas of Navi Mumbai and Thane, there are several properties commonly known as ‘Gaothan properties’. Because of their low value, such properties attract a number of buyers with limited budgets. However, most of them remain concerned about the legality of such properties.

 

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Home buyers in Mumbai to feel the pinch as ready reckoner rates increase
Jan 2, 2015

 

Home buyers in Mumbai will have to pay more for their dream homes after a cash-strapped Maharashtra government sharply increased government rates used to calculate taxes paid by consumers when purchasing property.

 

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