A lot of us know that most people today are looking for affordable houses. This might be among the reasons why Mahindra Lifespaces is planning to enter the low-cost houses projects. They definitely have seen the potential profit that they would get in affordable housing segment. These projects would be seen in cities like Mumbai […]
Sajjan Jindal was able to make a deal with Maheshwari House where it was able to get the sea-facing three-storey bungalow at Nepean Sea Road in south Mumbai. The deal between these two parties was sealed last week. Manoj Maheshwari was able to receive an amount of around Rs 200 crore from Jindal. Also, last […]
It is definitely not a good year for Residential property market in Mumbai since buyers are still keeping away from the market. Among the reason for this is that these buyers are waiting for the time where the prices of these units would go down in the near future. For Mumbai residential market, their absorption […]
Municipal Corporation of Greater Mumbai has taken a stringent step to reduce the piling up of tax arrears; making a statement, real-estate developers need to pay three years’ advance property tax to the corporation. This move is a result of Rs. 6, 000 crore arrears of builders, housing societies and commercial establishments. This could very […]
Declining rentals are affecting the Mumbai real estate to a large extent. Recently, Mumbai’s central business district, Nariman Point has fallen off from being the top 8th to top 15th position on the list of the top rent rankings globally, Office Space Across the World 2012 by Cushman & Wakefield. The decline is due to […]
BlackBerry has successfully set up its new server in Mumbai. A lot of controversies have taken place about this decision previously. However there is intense pressure from the government on BlackBerry Company, to provide a mechanism for lawful interception of its messenger services. These servers have been thoroughly inspected by a team of officers appointed […]
Mumbai – the Financial capital of our country is now becoming cheaper for a common man. In a survey for global cities made for the last year, Mumbai’s high-end residential area has witnessed a steep fall in prices though property prices are on the costlier side. We have already told you that Real Estate sales […]
High prices and increased interest rates are keeping consumers away. Even the real estate is experiencing a loss. Homes and plot sales have decreased a value of over 30% in Mumbai with the end of the quarter in December compared to the previous year. Weighted average prices have raised 30% from the previous peak of […]
