The civic body’s move of increasing the floor space index for the entire city up to a maximum of 8 that will change Mumbai's skyline has been criticized by urban planners and housing experts as it could have a disastrous impact on the city’s infrastructure.
The easing of FDI rules in construction, especially housing, will first benefit realtors and their benami investors first before any of the benefits percolate down to hapless home buyers
As part of its cost-cutting drive, loss-making national carrier Air India will shut down its 64 city booking offices in India by October 1 but ironically it will keep the ones abroad open to cater to the diaspora there.<br />
Residents say they voted for Modi as PM and want him to keep his promise of acche din aane waale hain.
Residents recently performed an aarti of pictures of the BJP's prime ministerial candidate.
Adjoining plot is for industrial use, existing plot may not have enough space for 96 more flats.
The single thread that runs through Mumbai's housing malaise is corruption. The Supreme Court verdict leading up to today's ruckus in Worli has plenty to say about tackling corruption. The politicians should be acting on that.
As many as 1.40 lakh housing units measuring 1,000 square feet remained unsold in Mumbai and the Mumbai Metropolitan Region (MMR) in the second quarter of the current fiscal.<br /><br />
Maharashtra chief minister Prithviraj Chavan today ruled out direct intervention by passing an ordinance in favour of the residents of Campa Cola Housing Society in Mumbai.
In a last ditch effort, residents of the Campa Cola society are praying that an ordinance from the state can save them from eviction as technically ' an ordinance can be issued just hours before an actual demolition.
The petitioner in the case will seek formulation of guidelines to prevent any discriminatory ads from being posted.
MCHI's property exhibition in Mumbai where 50 developers showcased 2,500 properties across city and its suburbs suggests price will not come down sharply despite weak demand from end-users.<br /><br />
Some good news is finally in the offing for all potential home buyers this Diwali as this month, property prices are likely to fall by 10-15 percent in metros as developers struggle to sell high unsold inventory.<br /><br />
The fall in apartment sizes in Thane and Navi Mumbai has been less severe as compared to the trend seen in the Mumbai residential real estate market.
The DCHL building, on a plot measuring 2,152 square yards at Mathuradas Mills Compound in Lower Parel area of Central Mumbai, was mortgaged to Tata Finance which urged the court to pass an injunction against this property.
Higher prices, higher interest rates and higher taxes are reasons for the slump in property sales. And now an expert committee has recommended raising property taxes on properties given for rent rather than self-occupied units.
Land is the currency of most political and business scams. This is where the anti-corruption movement must focus first.