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Bombay High Court Bans Land Reclamation in Maharashtra

The Mumbai High Court (HC) has completely banned any kind of reclamation and development on wetlands in Maharashtra. This wetland may include any land adjacent to water bodies such as the mangroves, coastline marshes and swamps. The HC also called for stringent action against anyone who violated this order. HC calls for total ban The […]

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Mumbai Property Market Sentiments to Improve in 2014

Real estate developers expect the Mumbai property market sentiments to improve in 2014. Depreciating rupee and increasing property prices deeply impacted the Mumbai real estate market as well as the consumer sentiments during 2013. However, the market sentiments are expected to improve during the second half of this year. Expectations in 2014 In 2013, the […]

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Allotment of 39 Amenity Plots in Mumbai Set to Be Cancelled

The Maharashtra Housing and Area Development Authority (MHADA) has requested the state housing department to cancel amenity plots in Mumbai. The amenity plots are usually awarded to charitable and educational trusts by the chief ministers on discretionary basis. Bombay High Court had cancelled the process of preferential allotment in April 2004 and had directed for […]

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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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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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