Property prices may fall; Adarsh land does not belong to state

The bad news continues for residents in south Mumbai. “Several parts of South Mumbai will have to face water cuts for some more days as the hydraulic department of the civic body could not find the exact location of the leakage and also could not fix it. The second Tansa water pipeline burst at Sleater Road Junction, Nana Chowk, on Wednesday, causing a major leakage,” reports DNA. And bad news continues for commuters. “More than a hundred Brihanmumbai Electric Supply & Transport (BEST) undertaking buses break down during their journey every month, said BEST officials. The number was just 45-50 until a few years ago,” says Indian Express. [caption id=“attachment_124186” align=“alignleft” width=“380” caption=“Builders aren’t having it easy any more, says a study – and property prices may fall.”]  [/caption] Not for all commuters, though, especially those living in the eastern suburbs. Their commute to the south might get better soon. “The Mumbai Metropolitan Region Development Authority’s (MMRDA) one-of-a-kind twin tunnel project is on track and the left tunnel will be thrown open to the public next month. The twin tunnels are being built as part of the Anik Panjarpol Link Road. The Mumbai Metropolitan Region Development Authority’s (MMRDA) one-of-a-kind twin tunnel project is on track and the left tunnel will be thrown open to the public next month. The twin tunnels are being built as part of the Anik Panjarpol Link Road,” says Hindustan Times. “Police custody of the four accused, arrested for allegedly murdering two youths (Reuben Fernandes and Keenan Santos) for resisting eve-teasing by them in suburban Amboli, was extended by a day today, even as they confessed to their crime, police said,” according to DNA. No, Adarsh land does not belong to the state, it seems. “In a setback to the state, a senior officer on Friday backed out from claims that the Adarsh land belonged to the government. The statement by DN Surve, assistant superintendent and city survey officer, assumes significance as it is the first such by a government functionary and contradicts claims by top politicians and bureaucrats that the plot was owned by the state,” says the Times of India. Why do stars try to smuggle with impunity? “Actor Veena Malik was detained at the Mumbai airport for evasion of customs duty. Apparently, Veena, who is a Pakistani national, was found to be carrying undeclared dutiable goods. However, the actor was freed after paying the prescribed fine, according to Indian media reports,” says Online News. Builders aren’t having it easy any more, says a study – and property prices may fall. “In an indication that even in a slump-struck realty market, property still finds takers provided that the pricing is fair. Figures show that the average price of properties that were sold in Mumbai in the last quarter is 30 percent lower than the price of the unsold stock,” says Indian Express.