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Maharashtra CM approves order for low cost housing proposals in Mumbai

Written on 14 Sep, 2010 at 15:53 in Current Affairs, Real Estate News | viewed 11 times | 3 Comments

Finally an average Mumbaikar can dream to own a house in the island city.   A significant order has been approved by the chief minister of Maharashtra which aimed at creating affordable housing in the city and  has a proposal wherein a... (Continue reading)

Beautification of River Adyar, Chennai

Written on 31 Aug, 2010 at 12:38 in Current Affairs, Real Estate News | viewed 5 times | 0 Comments
Beautification of River Adyar, Chennai

By Pallavii Pitale Like Mithi River banks in Mumbai, The banks of River Adyar, near Kotturpuram in Chennai shall be beautified soon. The Chennai Corporation recently has launched, Rs 85.87 lakh worth beautification project of the southern bank of the riverunder... (Continue reading)

MCGM to provide basic services to 33 MMRDA Colonies

Written on 24 Aug, 2010 at 13:16 in Current Affairs, Real Estate News | viewed 3 times | 0 Comments

In the joint meeting of the MCGM and MMRDA officials, recently held at the Municipal Corporation headquarters,the MCGM has agreed to provide all the necessary services to 33 MMRDA colonies,  where families affected by various projects have beenresettled and rehabilitated. The... (Continue reading)

No increase in FSI and no High rise structures in Mumbai till 2013

Written on 23 Aug, 2010 at 14:39 in Current Affairs, Real Estate News | viewed 20 times | 1 Comment

The civic standing Committee of Mumbai has requested the Chief Minister of Maharashtra not to permit any high rise structures in the city unless and untill the new Development Plan (DP) is ready by 2013. The committee demands membership of... (Continue reading)

Indiabulls bags the Bharat Textile Mills land

Written on 7 Aug, 2010 at 13:30 in Current Affairs, Real Estate News | viewed 10 times | 0 Comments

Realty Player, Indiabulls has bagged the Bharat Mills Land at Worli naka for Rs. 1,505 Cr. Among the other bidders, were Lodhas for 1,503 Cr, Peninsula for 1,409 , Tata Realty for 1,263, Oberoi for 1,251 Cr. and Videocon for... (Continue reading)

No possibility for Affordable housing within Mumbai but possible in nearby vicinity

Written on 6 Aug, 2010 at 12:10 in Current Affairs, Real Estate News | viewed 3 times | 0 Comments

By Pallavii Pitale Due to absolute scarcity of available lands for development and land prices going extremely high, Affordable housing within Mumbai city limits does not seem possible and can only be possible  in areas like Karjat, Panvel and other extended... (Continue reading)

Decision by Bombay HC Relieves property buyers in the city

Written on 2 Aug, 2010 at 13:06 in Current Affairs, Real Estate News | viewed 16 times | 1 Comment

By granting the interim stay on Service Tax levied by the Union Government on buildings under construction, the bench of Justice S.J. Kathawala and Justice V.C. Daga of Bombay High Court has given relief to the property buyers and the... (Continue reading)

Rs. 474 Cr. deal for the Podar Mills land at Worli , Mumbai

Written on 2 Aug, 2010 at 11:55 in Current Affairs, Real Estate News | viewed 10 times | 1 Comment

The Podar Mills owned by the National Textile Corporation, owned by the Government of India is now bought by The Indiabulls Infratech Ltd. for Rs. 474 Cr. There were eight participants offering 77 bids for an online auction of the... (Continue reading)

MCHI challenges constitutional validity of the Finance Act 2010 Service Tax

Written on 31 Jul, 2010 at 12:52 in Current Affairs, Real Estate News | viewed 31 times | 1 Comment
MCHI challenges constitutional validity of the Finance Act 2010 Service Tax

By Pallavii Pitale  Maharashtra Chamber of Housing Industry through their Writ Petition have challenged the constitutional validity of the Finance Act 2010. In a press conference,  President Mr. Sunil Mantri said that the government is trying to impose various taxes which is... (Continue reading)

MCGM demands revenue share in MMRDA land development deals in BDs of the region

Written on 23 Jul, 2010 at 12:14 in Current Affairs, Real Estate News | viewed 5 times | 0 Comments

The Mumbai Metropolitan Region Development Authority ( MMRDA) develops lands and plots in the business districts ( BDs) of the region along with other infrastructural work. The Municipal Corporation of Greater Mumbai is a civic body that provides all basic civic... (Continue reading)

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