Q:
Is there any authority to check the illegal constructions in the state?
Latest Answer: It is claimed that the 39 storey hotel was constructed on the partial premise of High Street Phoenix and the he committee has asked the construction company to submit documents concerning mandatory clearances from several agencies in the next meeting.
Q:
There are a number of old buildings in Mumbai. Who will take care of repairing all those buildings?
Latest Answer: It is a four storey building. 2 labourers were killed in the incident.
Q:
Who is responsible for maintaining the quality of the constructions of the slums in Mumbai?
Latest Answer: Hi Arif, the Slum Rehabilitation Authority has the responsibility to monitor the quality of construction for the slums in Mumbai.
Q:
Why the builders are seeking help of renowned designers for decorating their projects?
Latest Answer: You just need some wall stickers.
Q:
The real estate market requires lot of liquidity. But why the PE firms are not interested in investing in real estate projects?
Latest Answer: Hi Sibin, with the increasing cost of capital raising, the PE firms are looking for smaller projects for better return. Also the firms are looking for other areas of investment.
Q:
The absorption rate of the properties are very less in Mumbai. What are the steps the builders are taking to increase the sale of the properties?
Latest Answer: Anil, it is noticed that lot of developers in Mumbai are openly negotiating with a genuine and prospective customer. But they are not officially reducing the cost of the properties.
Q:
Hai all! Have you heard about new "Neighbourhood Watch scheme" ?
Latest Answer: The neighbourhood watch programme was started last year in July.The only area in the city to have a neighbourhood watch programme is Zone 9 in the western suburbs, which includes Versova, Juhu, DN Nagar, Santacruz, Bandra, Khar, Oshiwara and Amboli.
Q:
Hi all, it is noticed that public lands are being acquired by different individuals. What are the governments planning to recover those plots illegally acquired by different persons?
Latest Answer: Yes Prataph, you are right. The government is verifying whether it is his own property or public property. If Ambani is proved wrong then it will take further action.
Click here to read more about this.
Q:
What is the present status report of real estate in India?
Latest Answer: Hey Guys!!!! Check this link all information are available about the status of real estate in India, click here to read the news
Rankings of real estate in India
Q:
Residents of Mumbai were getting contaminated water for a long time. What are the reasons behind such water supply?
Latest Answer: Hi Arif, this is really a serious problem. Two deaths were also reported. According to the officials this was due to the corrosion of old pipelines.
Q:
After implementation of so many regulations, the construction of apartments in Mumbai became a slow process. What steps the builders are going to take to change the situation?
Latest Answer: Hi Arif, CREDAI has decided to seek details of various approved projects and the amount of revenue earned. In this way it wants to show how much loss has been incurred.
Q:
Why are the residents protesting over the setup of pillars for the second phase of monorail near Currey Road station?
Q:
Which are the areas in Mumbai and Navi Mumbai facing parking space problems?
Q:
Hai, I heard that the traffic is turning Mumbaikar's condition worse,.. Is it true and why isn't the traffic management taking measures to avoid it!
Latest Answer: It is true that Mumbaikar's are facing lot of trouble due to traffic jam in the city. The traffic authorities said that the construction of alternate roads will soon ease traffic problem in the city.
Q:
New launch of real estate projects are not happening nowadays. What is the reason behind the slow progress of the realty sector?
Latest Answer: Hello, this situation has arised mainly due to the slow functionality of the government. Lot of upcoming projects are kept on hold as government has not provided necessary clearances so far.
Q:
Why the price of the residential properties in Mumbai is increasing day by day?
Latest Answer: The demand is more for housing since the population is high. This leads to high prices. I came across an article based on this topic. Click
here to read.
Q:
The real estate market is experiencing a downward trend in terms of property selling. Is there any way the state budget can improve the market scenario?
Q:
Applications for new housing plans are waiting for a long time in Chennai. What are the steps corporation can take to reduce the wait time for the applicants?
Latest Answer: The Chennai corporation is working on the issue. they are also planning to outsource the online approval process for speedy approval of the requests.
Q:
Any new kind of traffic system is being implemented in Mumbai city to improve the present traffic conditions?
Latest Answer: I heard that a company named Birds eye system has launched a product this year called as Traffline which is a low-cost, real-time traffic monitoring system that broadcasts live traffic conditions for road commuters.
Q:
It is being said that the real estate market in India is struggling, Then why the cost of apartments in Mumbai are increasing continuously?
Latest Answer: The only reason is that new launch of projects are limited now a days. Builders are less interested to launch new apartment projects. Hence the demand for apartments are increasing than new opportunities are coming up.
Q:
What are the latest projects coming up in Andheri, Mumbai?
Latest Answer: Residential projects in Mumbai is growing day by day. In Andheri East, there are so many projects are going to develop. Recently I have come across an article saying that Nahar Group has developed Nahar Amrit Shakti a lush green township in Andheri East. It has the best residential projects like Rosa Alba, 8 Towers, Villaments, Yvonne, Barberry-Bryony, Water Lilly White Lilly and Cayenne with affordable price. The township is equipped with amenities like Vehicle Free Podium Garden, rejuvenating Gardens, multiple Azure Water Bodies, fascinating Sculpture Garden and engaging imported Kids’ Play Areas, etc.
Q:
Why is the municipal wing not shifting the Deonar dumping ground in Mumbai when it is causing so much of trouble to the residents?
Q:
What suggestions does the real estate experts have for the home buyers in India?
Latest Answer: In Delhi which include Noida, Gurgaon and Faridabad three out of every four projects under construction are running behind schedule. According to real estate experts, home buyers in Dehli are the worst affected home buyers in compare to other metro cities.
Q:
Is Mahindra launching any new residential projects in Nagpur.? If yes, please let me know the details about the project!
Latest Answer: Mahindra Lifespaces has a property, Bloomdale, in Mihan region of Nagpur. They have many options such as 2 BHK, 2.5 BHK, 3 BHK and 4 BHK available in apartments, row houses and duplex homes. They are also providing various lifestyle amenities like Basketball Court, Billiards Room, Club House, Gymnasium, Jogging Track, Tennis Court, Swimming Pool and more.
Mihan region has many IT and manufacturing companies set up around and is growing in a fast pace. Owing to this, the real estate prices are bound to appreciate which makes this a good investment option as well.
Q:
I heard that the teacher's union has asked the Hiranandani builders to build affordable flats for teachers. What is the criteria behind this? Did the builder agree for this rule?
Latest Answer: Actually the thing is that the Bombay High Court ordered the builder to construction affordable houses for teachers. The initiative was taken by the teacher's union, who wrote a letter to the Chief Minister asking for providing houses for teachers who cannot afford houses in Mumbai.
Q:
Hiranandani builders have always made a benchmark for their luxury housing projects. Are there any concerns or traces of Hiranandani launching affordable houses?
Latest Answer: i like that they have both premium and affordable housing projects in Bangalore.i came to check out their housing project in devanhalli and it is quite commendable. i really like this property
Q:
I wish to know more about Red Book of Valuation Standards. I heard that the Indian edition will be released soon! Is it true?
Latest Answer: An effort has been taken to enhance professionalism, fairness and transparency in real estate industry. The purpose of it is to ensure that clients receive objective advice, delivered in a professional manner that is consistent with internationally recognized standards.
Q:
Anyone visited the property exhibition? Please share your thoughts.
Latest Answer: Yes Arif I have visited the exhibition. The property exhibition at Navi Mumbai showcased budget houses, price range from Rs 12 lakh to Rs 25 lakh.
Q:
Is BBMP cleaning the waste dumped on regularly basis in the city?
Latest Answer: Since nine months BBMP is not cleaning the slit and waste dumped. The residents have written a letter to BBMP in concern with clearing the silt and if the BBMP does not response to the letter the residents are ready to file a complaint against BBMP in court.
