Mumbai Real-estate

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Mumbai Real-estate - Total results - 47
Facing financial woes, Mumbai builder Sanjay Agarwal kills self; third such death in last three years
India

Facing financial woes, Mumbai builder Sanjay Agarwal kills self; third such death in last three years

Difficulties faced in a real estate project in the upmarket Chembur area may have led Mumbai builder Sanjay Agarwal to commit suicide by shooting himself

Mumbai's housing crisis: Redevelopment of clusters to affect city's 'livability', reveals study
Mumbai

Mumbai's housing crisis: Redevelopment of clusters to affect city's 'livability', reveals study

Recycling land to create housing stock is one way to solve the housing crisis in Mumbai. With high prices that show no signs of dipping, recycling is all that Mumbai has, being a city constrained by the sea, creeks and other cities bordering them.

In landmark business deal, Godrej sells BKC office space to Abbott for 1,480 crore
Business

In landmark business deal, Godrej sells BKC office space to Abbott for 1,480 crore

In one of the largest office space deals, Godrej Properties has sold a 4.35 lakh sq ft in commercial project at BKC, Mumbai, to healthcare products major Abbott for about Rs 1,480 crore.

Mumbai woes: Expensive real estate is scaring away air traffic control officials from the city
Mumbai

Mumbai woes: Expensive real estate is scaring away air traffic control officials from the city

The prohibitive prices of houses near the Mumbai airport have been dissuading air traffic control personnel from taking up assignments in the city, affecting air traffic safety.

With no sales in Mumbai, builders are using these schemes to lure fence-sitters
Business

With no sales in Mumbai, builders are using these schemes to lure fence-sitters

In response to the unrelenting sluggishness in the market, Mumbai’s developers have been offering various schemes to entice fence-sitters; at a recently-held property exhibition in Mumbai, such schemes were very much in evidence.

Scrapping of Mumbai DP 2034 will hit new housing supply, buyers must hold tight
Business

Scrapping of Mumbai DP 2034 will hit new housing supply, buyers must hold tight

The Maharashtra government's move to scrap the draft development plan 2034 for Mumbai is likely to hit supply of new housing projects and help in clearing existing unsold houses in the city to some extent. Moreover, deals for land parcels, redevelopment projects and private equity transactions for financing housing projects in Mumbai will get stuck due to lack of clarity on the city's proposed development plan.

Tall task? Maharashtra needs a whopping $200 bn to set up affordable houses
Business

Tall task? Maharashtra needs a whopping $200 bn to set up affordable houses

The KPMG report published on Tuesday found that, in urban areas alone, Maharashtra would need 5 million new homes by 2022

The good, bad and ugly of Mumbai's proposed development plan 2034
Mumbai

The good, bad and ugly of Mumbai's proposed development plan 2034

the DP does not clarify how higher FSI around stations would be managed to ensure that problems get solved instead of becoming worse. Would there be urban design interventions that go beyond what happens within a plot?

Higher FSI will kill the already strained infra in Mumbai and won't make property cheaper
Economy

Higher FSI will kill the already strained infra in Mumbai and won't make property cheaper

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.

Can't afford a Mumbai home? Well, Fadnavis govt is taxing it out of reach
Business

Can't afford a Mumbai home? Well, Fadnavis govt is taxing it out of reach

If you thought the BJP-led government would bring relief to home buyers in Maharashtra, here's a dampener: Mumbai's realty prices are going nowhere but up as the newly-installed Devendra Fadnavis government has decided to increase the ready reckoner (RR) rates for Mumbai by an average of 15 percent with some areas even witnessing a steep hike of up to 40 percent.

Rs 1,200 per sq ft: Mumbai realty bribery rate is half of actual building costs
Economy

Rs 1,200 per sq ft: Mumbai realty bribery rate is half of actual building costs

If you are wondering why real estate prices in Mumbai never fall despite the lack of buyers, look no further than a corrupt, rent-seeking bureaucracy. If the amount of money being sought as bribes by the municipal authorities for building clearances are any guide, the quantum siphoned off in corruption could pay for the bulk of basic building costs - excluding land and taxes. This means the elimination of corruption alone can bring down home prices significantly in India's urbs prima.<br />

When brokers turn investors, Mumbai house prices are bound to rise
Real estate

When brokers turn investors, Mumbai house prices are bound to rise

Mumbai Metropolitan Region (MMR) has the maximum number of unsold flats at over 2 lakh houses when compared with the top six real estate markets in India, and it will take at least three years to get rid of these existing units, showing that the demand from property buyers has not picked up in India's financial market.<br />

Why you should not listen to Donald Trump: His views of Mumbai realty need a reality check
Real estate

Why you should not listen to Donald Trump: His views of Mumbai realty need a reality check

American real estate tycoon and celebrity Donald Trump may be bullish on India, but his views need to be taken with bags of salt.<br />

The big shift in Mumbai realty: When Cuffe Parade fell off the rich list
Real estate

The big shift in Mumbai realty: When Cuffe Parade fell off the rich list

Mumbai is the 16th most expensive city globally in terms of owning a house but prime locations like Colaba, Cuffe Parade and Malabar Hills are no longer topping the residential price charts.<br />

Maha cabinet cuts red-tape in Mumbai region land purchases; but home buyers need not celebrate
Real estate

Maha cabinet cuts red-tape in Mumbai region land purchases; but home buyers need not celebrate

Tens of thousands of hectares of land may soon be unlocked in the Mumbai Metropolitan Region, thanks to a decision taken by the state cabinet on Wednesday (16 June) to streamline the clearance of agricultural lands for developmental activities. But home buyers need not salivate. Their homes are unlikely to get any cheaper, though the rate of appreciation might taper off.

Campa Cola: No water, power, but fight to save houses continues
Mumbai

Campa Cola: No water, power, but fight to save houses continues

At Campa Cola compound, some have moved out but continue to visit everyday, determined to make their presence felt in the building and in spite of the threat of a contempt petition.

Mumbai: Historic Bhabha bungalow on Malabar Hill sold for Rs 372 cr
Politics

Mumbai: Historic Bhabha bungalow on Malabar Hill sold for Rs 372 cr

Those opposing the sale of the Bhabha residence may be comforted by the fact that the new owners have promised not to tear down the structure.

Mumbai's unsold flats at all-time high of 1.3 lakh: All you need to know
Business

Mumbai's unsold flats at all-time high of 1.3 lakh: All you need to know

If you thought 2014 would provide a silver lining for Mumbai's residential situation, here's a reality check for you: 2014 will not be better but worse as the number of unsold flats in ready as well as under-construction projects has reached an all-time high 130,000.<br /><br />

Citi India puts old Mumbai HQ on the block, deal likely to fetch Rs 300 cr
Business

Citi India puts old Mumbai HQ on the block, deal likely to fetch Rs 300 cr

The property is located in the premium business district Bandra Kurla Complex (BKC) and has a total office space of about 1 lakh square feet, which would fetch the group Rs 30,000 per sq. ft.<br /><br />