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real estate developers in mumbai

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

private forest land

Regularization of Illegal Homes On Private Forest Land In Stalemate

There are about five lakh people in Mumbai residing in flats built on private forest land. These flats are termed illegal and are waiting to be regularized. The residents of these buildings are fighting for regularization of their flats in the Supreme Court. But there is no solution for these illegal flats and their residents. […]

karthik.k

Proper Development Plan Holds Key for Better Social Amenities in Mumbai

The development plan (DP) for the city of Mumbai for the period of 2014-2034 is currently under way and Mumbai’s hopes for better social amenities are pinned on this plan. The development plan is a blueprint for developing the city for 20 years in which, land is reserved for various purposes depending on citizens’ needs. […]

karthik.k

Mumbai to See Demand Surpassing Supply in Next Five Years

According to experts, the city of Mumbai will see the demand for housing units enormously outstripping the supply in the next five years. According to Cushman & Wakefield, a global real estate consultant, Mumbai may expect an additional demand of approximately 2,25,000 units in the next 5 years while the supply is expected to be […]

karthik.k

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 […]

karthik.k

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