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mumbai real estate

Motilal nagar

MHADA Plans To Redevelop Motilal Nagar Colony

Along with its colonies in other parts of Mumbai, MHADA (Maharashtra Housing and Area Development Authority) is planning to redevelop its housing colony in Motilal Nagar, Goregaon (West). The Motilal Nagar housing colony is spread over an area of 125 acres (54,45,000 sq.ft) and has about 3,700 ground-level tenements. These houses were built by MHADA […]

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real estate pragmatism

Pragmatism To Drive Mumbai’s Real Estate Sector

Mumbai realtors are facing increasing inventory due to low demand and bad economic situation. However, the undercurrent indicates that the Mumbai property market may be heading for a revival. The festivals around the year end may herald the beginning of this new cycle. Pragmatism to drive realty sector Developers have went through a learning curve […]

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Housing launches within key markets drop by 59 per cent

After plenty of setbacks relating to delivery and an enormous pile-up of inventory, the numbers for housing launches seem bleak, too, hence firmly establishing the gloom story of the real estate industry. Till the month of July of this year, launches dropped by 38 to 59 per cent across key markets such as Gurgaon, Pune, […]

Properties For Resale Increase By 30%

The number of properties coming for resale in various important metros has increased by 30% according to real estate agents. Most of the properties on resale belong to young and salaried working professionals. The reason for increase in resale can be attributed to the bad economic situation in the country. Reasons for increase in property […]

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241 Illegal Structures To Be Razed In Mumbai

Mumbai is set to witness the razing of 241 illegal buildings across 24 wards. These buildings will include both residential as well as commercial buildings. More than half of these buildings are present in five wards. The Brihanmumbai Municipal Corporation (BMC) decided to raze these buildings under sections 351 and 354-A of the MMC (Mumbai […]

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