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Property in Mumbai

Nalasopara Property Market Promises Good Investment Returns

Nalasopara is a suburb situated close to the Vasai-Virar region of the Mumbai Metropolitan Region. The area is governed by the Vasai-Virar Municipal Corporation. While the area lies a bit distant from the prime areas of suburban Mumbai, the locality is continuously witnessing good growth in terms of property market, thanks to the improving infrastructure. […]

karthik.k

Mumbai Development Plan 2034 Proposes FSI of 8: Attracts Criticism

The draft of the Development Plan (DP) 2034 for the city of Mumbai prepared by the Brihanmumbai Municipal Corporation (BMC) has proposed a significant increase in the floor space index (FSI) of up to 8, in order to ease space constraints in the city. While the increase in FSI has certain benefits, it has also […]

karthik.k

Maharashtra’s Plan to Regularise Unauthorised Constructions May Provide Relief

One of the major problems that the country’s financial capital, Mumbai, faces is that of illegal constructions. There is always a constant battle of sorts between the builders, residents and the Brihanmumbai Municipal Corporation (BMC), the civic body of Mumbai. While builders are known to continuously flout building norms, BMC is on a constant spree […]

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Mumbai’s BDD chawls redevelopment gets fresh impetus

After a series of flip-flops, the redevelopment of the Bombay Development Department (BDD) chawls, may finally see the light of day. The plan has been held for several years over disagreement within the state government on whether to involve private developers. The redevelopment of BDD chawls is finally set to get a definite policy framework. […]

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No service tax on maintenance charges for Mumbai Housing Societies

After a long period of uncertainty, a tax tribunal has ruled that all housing societies located in Mumbai do not need to pay service tax on any maintenance charges. Housing societies have been arguing in the past that since they provided services to itself (Concept of mutuality) which could not be subject to service tax […]

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