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Sluggish demand for office space in Nariman Point
MumbaiNariman Point, the country’s first planned central business district in south Mumbai, has continued to witness sluggish demand for office space in the quarter ended March. The Central Business...
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Worli residents get 5-month SC breather
MumbaiThe Supreme Court provided a temporary reprieve to the residents of Worli’s Campa Cola compound on May 2 as it granted the owners of the complex’s illegal apartments five months to vacate the...
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BMC may put online building plans for checks
MumbaiPrompted by the emotional row over the illegalities at the upmarket Campa Cola compound in Worli, the Brihanmumbai Municipal Corporation is considering launching a service whereby citizens can...
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Panvel–New Panvel sees a high demand for residential realty
MumbaiThe Panvel-New Panvel stretch in Navi Mumbai, is witnessing the growth of residential colonies, consisting mainly of multi-storeyed apartments. Panvel and New Panvel are located on the eastern...
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Current realty prices in metros may be unsustainable
Investment demand for real estate in the metros, rather than the demand from those who want to stay in the house they are buying, seems to have outpaced the rise in home prices in these cities compared...
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No tax cuts, FSI sops for eco-friendly buildings in Maharashtra
MumbaiAfter dangling a carrot in front of developers and citizens to promote environment-friendly buildings, the state government seems to have yanked it away for now.For the last few years, the state...
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Prime land deals expected this year despite slowdown
MumbaiThe sluggish economic climate notwithstanding, big-ticket land sales are expected to see a spurt this year as some aggressive developers look to buy plots in anticipation of a revival of the...
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Worli in Mumbai is a realty market to reckon with
MumbaiFrom being a traditional textile mill location a few decades ago, Worli has come a long way to emerge as one of the prime real estate destinations in the country’s commercial capital.The location...
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Mumbai property rates may remain subdued in near future
MumbaiReal estate developers in Mumbai are finding it difficult to increase property prices because of rising inventory levels, subdued demand and uncertain macroeconomic environment, says credit...
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Mumbai’s long wait to replicate Manhattan, gets longer
MumbaiPerhaps no other ambitious urban infrastructure project that has been touted as a game changer, has waited for more than 30 years, yet has had no takers, with a future that is delayed, if not...
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Builders continue to violate norms in Mumbai
MumbaiAt a time the BMC is preparing to demolish unauthorized flats in Worli’s Campa Cola society, experts say the authorities continue to turn a blind eye to other building violations in the city.A...
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BMC website with approved building plans
MumbaiThe BMC is going ahead with its plan to put all building permissions on its website, a move that would have rendered meaningless the State Information Commission’s earlier order restricting...
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Building plan order in Mumbai hides more than it reveals
MumbaiArchitects are strongly opposed to the new directive issued by state information commissioner Ratnakar Gaikwad terming them as dubious.Gaikwad on September 29 had issued orders barring all public...
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Chembur: An investor’ s paradise
MumbaiMumbai is currently, under a phase of transformation with several major infrastructural plans being executed simultaneously in different parts of the city. While some have already been realised...
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Campa residents to move SC again with fresh ammo
MumbaiCampa Cola residents, who claim to have procured fresh documents to prove that the BMC had planned to regularize their flats, have decided to move the SC once again, asking it to reopen the...
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SC boost to open spaces around buildings in Mumbai
MumbaiThe Supreme Court trashed tweaked rules affecting minimum green spaces at ground level and width of main passageways (access for fire engines) in buildings under construction or being redeveloped...
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Campa Cola moves SC for order review
MumbaiResidents of Campa Cola approached the Supreme Court on December 17 seeking a review of the previous order and also a recall of its earlier judgment asking them to vacate illegal flats by May...
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Developers’ goodwill connects well in redevelopment of Mumbai
MumbaiA look at the changing face of the redevelopment segment in Mumbai suggests that it is the developers’ goodwill that connects better in this segment rather than any clout whatsoever. Analysts...
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Campa Cola residents hope new SC bench will resolve issue
MumbaiMembers of the beleaguered Campa Cola compound in Worli have expressed relief after the chief minister on December 20 assured them of help. Privately, however, they are relying more on their...
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End-users drive Parel, investors take a backseat
MumbaiParel, one of the central localities of Mumbai, has witnessed several new property launches in 2013. However, today, more than investors, end-users prefer this location, specifically for rental...
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