Real Estate Monthly Tracker for MMR (July-August,2015)

Q: The Real Estate Monthly Tracker highlights the key trends witnessed in the residential real estate market during the period July-August, 2015.

Dwarkesh,

4th September 2015

Real estate News in Mumbai

mumbai metropolitan region

regulatory updates

industory buzz in mmr

major deals in mmr

key projects in mmr

real estate monthly tracker

real estate monthly tracker mmr

mmr real estate monthly tracker july-august 2015

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Apart from that Warburg Pincus is planning to invest Rs1800 crore in Piramal Realty for mixed-use development projects in megalopolis.

It was also in news that Blackstone Group Lp is in the final stages of acquiring under construction of office spaces, Kohinoor Square, in Central Mumbai from Kohinoor CTNL Infrastructure Co. Pvt. Ltd. fro nearly Rs. 1250 crore along with Pune-based Panchshil Realty.

Dhiraj,

4th September 2015

Comment

Which are the key projects launched during the period? What is their price per square feet fixed for those project?

Bhaskar Chandavarkar, Pune

4th September 2015

Good evening Puneet!!!!
To boost the road connectivity, center is planning to convert Nagpur-Mumbai Highways into World Class Expressways.

As per MMRDA officials, Mumbai Monorail Project Ph-2 is expected to open for public in May,2016.

In Road Upgradation, NHAI is waiting approval from its head office for building a couple of underpasses near K K Wagh College and Rasbihari School to decongest the traffic on the Mumbai-Agra Highway.

Kaushik Bardia,

4th September 2015

Comment

Thanks Kaushik,
What are the regulatory updates on MMR? Which are the major cities in Maharashtra selected for Smart City project?

Puneet Laskar,

4th September 2015

Ur welcome Puneet!!!
Here are the few updates on regulatory in MMR:- 1) The Maharashtra Legislative Assembly has passed a bill, which waive off property tax for 5 yrs. for the houses in Mumbai with an area upto 500 sq-ft.

2) 7 new smart cities are being planned along the Delhi-Mumbai Industrial Corridor (DMIC). The cities which are shortlisted in the state of Maharashtra are Mumbai, Pune, Nagpur, Amravati, Aurangabad and Nashik.

3) Maharashtra government is planning to appoint consultant for Bandra Government Colony redevelopment project to suggest best suitable redevelopment options.

Kaushik Bardia,

4th September 2015

I heard that to increase its borrowing limit by Rs. 16000 crore, Mumbai based IRB Infrastructure developers intend to form an Infrastructure Investment Trust under the Securities and Exchange Board of India Regulation,2014.

In major deals, Ashapura Developers have raised Rs.100 crore from Xander Finance for slum redevelopment project in Mumbai's Ghatkopar area.

Kishore Pathak, Mumbai

4th September 2015

It not only gives the updates on infrastructure and government policy but also a complete city outlook, including the total number of units launched, BHK prices and Typology split, and the most active micro market in terms of new unit supply in the given period. Also, the news around the major transactions and industry buzz are highlighted so as to keep the readers closely with all the major happening as far as real estate is concerned.

Kaushik Bardia,

4th September 2015

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