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real estate in mumbai

DMIC

Delhi-Mumbai industrial corridor faces financial hurdles

The much-awaited Delhi-Mumbai Industrial Corridor Project, aimed at developing an industrial corridor spanning across six states between Delhi and Mumbai, is presently at loggerheads. Arranging funds of around $4.5 billion for the project is the main concern before the finance and commerce & industry ministries. The DMIC is a Japanese-Indian collaborative project which is meant […]

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. […]

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Authorities Turn Blind Eye Despite Illegal Buildings in Mumbai

Property buyers in Mumbai face two problems. First one is the skyrocketing prices in the city and the second is the number of illegal buildings in the city. There are many residential buildings in Mumbai which either don’t have the necessary legal documents or have flouted buildings norms. Experts say that authorities tend to turn […]

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41% Property Buyers Prefer Western Suburbs

According to latest consensus, about 41% home buyers in Mumbai prefer to buy properties in western suburbs of Mumbai. This includes areas of Borivali, Bandra, Andheri, Malad, Kandivali and Goregaon. The key factors for this sentiment are the region’s proximity to commercial destinations, accessibility to these destinations and cheaper property prices compared to South Mumbai. […]

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Delay In Infrastructure Projects Hit Property Prices

There are several infrastructure projects across the country that have been delayed due to several reasons. Delay in these projects hit property prices in those areas. This could be good as well as bad news for property buyers as well as developers. According to a report from Standard and Poor’s, several projects are finding it […]

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