poonam, Mumbai
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FSI in Mumbai.
Q: The government has announced to increase the FSI in Mumbai. What is the plan behind in increasing the FSI?

Latest Answer: I heard that along with allotting higher FSI, the government is also planning to develop the infrastructure of these locations.

Stamp duty increased.
Q: The state government of Maharashtra has increased the stamp duty on the property transaction. Will it affect the sentiments of the home buyers?

Latest Answer: Earlier, the stamp duty in Mumbai was charged at Rs 7,600 but it has now increased to Rs 25,000 per transaction or a 3.48 per cent extra for transactions up to Rs 5 lakhs.

Steps taken by the government to stop illegal constructions.
Q: There are a number of incidents where illegal constructions are happening in the city. What are the steps taken by the government to stop those works?

Latest Answer: The government will ask the companies to stop the construction work.

Hiranandani's luxury project
Q: The Hiranandani group is building a luxury project. Any updates about the status of construction?

Latest Answer: HC has directed the Hiranandanis to construct 3,100 affordable houses. Only after this it can move to other project.

Lack of space in the city.
Q: Why is it that there the citizens are complaining about lack of space in the city in Mumbai?

Latest Answer: I think these hawkers have connections in the civic body because they disappear right before the BMC van arrives.

Mixed land use policy.
Q: What are the areas identified by Bhubaneswar Development Authority under mixed land use policy?

Latest Answer: According to sources, The areas identified by the civic body officials are Bapujinagar, Ashok Nagar, Satya Nagar, Saheed Nagar, Jaydev Vihar to Ekamrakanan and Cuttack Road.

Low sales in Mumbai.
Q: Why the sales of apartments are low in Mumbai compared to other major cities in India?

Latest Answer: Poonam, high price of apartments led to fall in sales.

CREDAI to go for a strike.
Q: Any idea when the CREDAI will keep the one day strike for better approval status from government?

Latest Answer: They are planning to go for a one day strike, so that the government listen to their woes. They have not decided when they going for a strike.

What are the offers given by the builders to buyers?
Q: As the sales have fallen drastically, what are the builders doing to overcome this situation?

Latest Answer: Mumbai is the most unaffordable market with 29 percent of the city's total under-construction units priced at over Rs 1 crore as against 11 per cent of the NCR and 5 percent of the Bangalore markets. So builder have to sell their projects. In spite of directly reducing prices, real estate developers are offering discounts and freebies to encourage sales

Scenario of civic amenities in Mumbai.
Q: What is the scenario of civic amenities in Mumbai now that the budget for it has been allocated?

Latest Answer: BMC has allocated crores of rupees for the development work but the services are yet to be seen in the city area.

Mumbai Civic Amenities need to be monitored properly.
Q: It is observed that the sewage system are not getting cleaned. What is the necessary action the BMC has taken to clean the civic area?

Latest Answer: Hi Poonam, BMC has planned to clean the roads and drainages. They will start implementing the process very soon.

Tenants in Thane have to register.
Q: Is it true that now tenants in Thane have to be registered after the recent naxalite incident?

Latest Answer: Yes Poonam, the Thane tenants are expected to be registered. Thane Police have warned flat-owners that they must register their tenants with them.

New residential project in Mumbai
Q: It is reported that the situation is not supporting to the real estate market. How new projects are launching in this turbulent market scenario?

Latest Answer: New Residential projects in Mumbai are rising day by day .Mumbai is a biggest city of India it has not much influence of market .Recently Omkar Alta Monte has been launched to provide us dream home .Visit http://www.newprojectdeals.com/omkar-alta-monte-in-mumbai.html

Home price in Mumbai.
Q: Hai, there is property price drop predicted in Mumbai. Has the percentage been given out?

Latest Answer: The percentage has not been given out yet but it is expected to slow down by 15 per cent in the coming days.

Incomplete road work in Mumbai.
Q: Why are the road works not yet completed in Mumbai?

Latest Answer: According to sources, the are working in a fast pace to complete all the major road projects before the deadline.

Use of cloth bags in Mumbai.
Q: In which the government has asked the residents to use only cloth bag? This is indeed a good initiative!

Latest Answer: Really this is a good initiative taken by the Navi Mumbai Municipal Corporation to use cloth bags and making it mandatory.

Self-assessment property tax.
Q: Hai can anybody knowledge me about self-assessment property tax scheme which has been planned in Mumbai?

Latest Answer: After reading this news what ever doubt I was having about the property tax was solved. I will suggest you to read the news if you are interested and I bet all your confusion regarding property tax will get solved. You can click here to read the news Calculate and pay property tax all by yourself.

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