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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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$200 Million Morgan Stanley-Wadhwa Group Deal Off Due to Rupee Fall

The fall in rupee value has affected foreign private equity (PE) investment in Indian real estate sector in a bad way. One recent victim is the $200 million PE deal between Morgan Stanley and Mumbai based realty developer Wadhwa Group which fell owing to the rupee depreciation against dollar. The deal that didn’t get through […]

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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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Buyers Not To Be Charged Extra For Parking Space

The Central Mumbai District Consumer Disputes Redressal Forum recently said that developers cannot charge buyers extra for a car parking space. This verdict came out in response to a complaint lodged against Tata Housing Development Company in the forum. The developer was directed to refund a buyer car-parking charges and pay him compensation. The Supreme […]

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