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MMR

5 infrastructure projects that will transform realty in MMR

Five prominent infrastructure projects undertaken by the Mumbai Metropolitan Region Development Authority (MMRDA) have provided the perfect backdrop for realty growth in the MMR. The economics of transportation infrastructure have always had a positive impact on real estate values – most especially in Mumbai. Homes and offices located in the proximity of transportation infrastructure command […]

nikunj.j

New flyover to ease East-West commute in Western suburbs

Traffic jams in the Western suburbs of Goregaon and Malad could become a thing of the past with new infrastructural initiatives planned for these prominent Western suburbs. Over 30,000 motorists will get relief with the construction of a flyover over Swami Vivekanand Road, at the MTNL junction in Goregaon (W). Brihanmumbai Municipal Corporation (BMC) plans […]

nikunj.j

BMC’s action plan to streamline construction approvals

The Brihanmumbai Municipal Corporation (BMC) has put together an action plan to reduce the waiting period for businesses to get permission for construction. From April 1, the civic body proposes to cut the 180 days required for granting permission for construction to 45 days. In an attempt to cut red tape and delays in the […]

nikunj.j

Ready Reckoner Rate Hike: Impact on MMR residential market

The Maharashtra state government has increased the ready reckoner rate by up to 15 per cent on an average, with some areas witnessing a hike of up to 40 per cent. The hike, effective from January 1, could make property in MMR even more expensive and has dashed the hopes of home buyers waiting for […]

nikunj.j

MMR: 15 Major Realty Deals in 2014

The Mumbai Metropolitan Region (MMR) realty market was somewhat slow during the year 2014 for multiple reasons. The initial half mainly saw dampened market sentiments and political uncertainty. However, market sentiments improved during the second half with the formation of the new government and the announcement of new policies and initiatives. Despite this, several deals […]

karthik.k

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