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residential projects in Mumbai

Illegal buildings

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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Mumbai_buildings_PTI

Razing Illegal Structures Leaves Buildings Weak

The Bombay High Court has said that illegal constructions in Mumbai must be demolished. Buildings that have unauthorized floors will also lose these floors. Residents who have bought these illegal buildings are worried. However, there is usually a panic among residents whose homes won’t be touched as well. This is because the entire building may […]

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Price-rent ratio grows in selected urban areas

Property prices in some of the prime urban micro-markets of India have witnessed considerable hike in the recent years, observes the Reserve Bank of India (RBI). According to the bank, it is essential to closely monitor the housing sector in India which is among the fastest growing sectors of the nation. Despite a steep fall […]

Buyers misled and lured by the “Green Building” tagged projects!

The realty market in Mumbai has been faring quite well, as the developers have been adopting crafty ways to attract the buyers. Majority of the projects tagged under green buildings are not green in the actual sense. Developers are misleading the buyers with the “green building” tag only to boost their sales. No doubt, a […]

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