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Real Estate Forum on Real Estate News In Mumbai

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Q: How will the new amendments to the model concession agreement affect highway projects?
Latest Answer: Earlier it is also observed that no penalties have been charged on the awarding authority in such cases. Almost half the projects awarded between 2011 and 2013 had to be terminated because of delays in land acquisition and other clearances.
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Q: Sunteck Realty, whose clients include Bollywood celebrities, is desiring private equity funds to buy distressed assets from competitor running under debt.
Latest Answer: Very clever sign of business. The company's funds are chasing commercial properties more for better returns, and Sunteck may look to double the share of its office and retail assets to about 40% and cut residential assets from 80% if there is increased demand.
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Q: Good news for Mumbai!!!! In a year's time, the business district of Bandra-Kurla Complex will probably become India's first mini Smart City
Latest Answer: It's a good thought Gauri, if implement ......."Thoda Khaye But Achcha Khaye" .....Govt. should think over this policy first.... If we look at the list of cities which have been selected as smart city, many of them would already have annual municipal budgets running into multiple times of this figure. On the other hand, there are few states which have shown doubt for implementing the scheme and if there is not enough support from them in terms of funding and administrative help, it would be difficult to take this scheme to its reasonable result.
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Q: True, to simplify the building plan approval process CREDAI demanded the central govt. to increase the FSI limit up to 4.
Latest Answer: Hey Guys, CREDAI has already collected Rs 11 crore, while the rest of amount is to be collected shortly. Under the clean city movement, the fertilizer plants are to be set up under its CSR activities in cities across the state.
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Q: Is it true that incorporation of REIT under Foreign Exchange Management Act will fast-track developers & industry watchers listing in the domestic market?
Latest Answer: We are looking forward to seeing REITs launched in India in the coming year. Industry wide, there will be limits on what assets can be transferred to REITs. A significant part of that needs to be discounted for quality. We don't see the opportunity for significant non-office REITs, particularly residential, as the rental market is quite informal and break into pieces.
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Q: If i buy a property in Mumbai what are the key documents which i should look for?
Latest Answer: Good evening buddies, I am going to move into an apartments after a month as i am getting possession of my properties. I just want to take the advice that which are the things that one should check within the project/unit before taking the possession of their property?
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Q: Do you know that State Road Development Corporation will soon build a corridor of smart cities along the Mumbai-Pune Expressway????

Latest Answer: Right Devika, Being a special planning authority will also allow the MSRDC to a Floor-Space Index (FSI) of 0.5 to 1 as additional area for high density development against a premium.
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Also see discussions for
Q: Do you know that the Mumbai based real estate company Lodha Group has created the biggest team of management consultants outside the white-shoe firms.
Latest Answer: No Ravindra, Their teams were dropped into client situations across industries in Fortune 500 companies. And in a short time, they had to get insights into business, figure out the value drivers, think through big go/no-go decisions. According to Lodha Group it was an experiecnce.
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