Maharashtra Navnirman Sena chief Raj Thackeray blasted Gujarat chief minister Narendra Modi for failing to mention Shiv Sena founder late Bal Thackeray's name during his mammoth rally in the city in December.
Maharashtra Housing and Area Development Authority has lost an opportunity to procure 25,000 houses in Thane under a joint venture scheme with private builders because of delay in decision making on government's part.
In what is turning out to be the worst tragedy of its kind in the city, the toll in Friday’s building collapse in Mazgaon touched 60 on Saturday, with an estimated four people believed to be still buried under the rubble. Naresh Kamath reports.
Dipping realty rates combined with the Reserve Bank of India’s (RBI) stringent rules prohibiting banks from making upfront payments in the 20:80 scheme have builders offering discounts for the upcoming festive season.
Maharashtra Housing and Area Development Authority (MHADA) has decided to redevelop 84 slums pockets on their land in a joint venture with private developers.
In what could possibly further impede the Dharavi Redevelopment Project (DRP), Samir Kumar Biswas, its chief executive officer (CEO), has left for America to join a five-month training session.
RPI appears to be angry with alliance partner Shiv Sena for ignoring its demand to field its leader Ramdas Athawale from Mumbai’s south central Lok Sabha constituency. Instead, the Sena leadership wants to field former chief minister Manohar Joshi from the constituency.
Maharashtra CM had promised several incentives to make project lucrative four months ago, But notification is yet to be issued.
The real estate sector in continues to be in slowdown mode as in the last three months, the sales of new apartments in Mumbai clocked just 2,411 — the lowest in recent years. This is down from 3,920 – the sales figures for the first quarter (January-March). Naresh Kamath reports.
As heavy rains lash the city, over 1.25 lakh people staying in 327 slum pockets are living in the shadow of danger.
The Telecom Regulatory of India (TRAI) has decided to curtail the viewing of channels at households in Mumbai which have not submitted Cable Application Forms (CAF).
The redevelopment of 24.18 acres of land at Machhimaar Nagar in Mahim by Kohinoor Group owned by Shiv Sena leader Manohar Joshi appears to be uncertain as the state government is going to review the project.
With commercial real estate in doldrums, builders are now adopting various means to boost sales and rentals.
With the ready availability of affordable commercial real estate all over the city, places such as Lower Parel, Vikhroli, Andheri-Kurla belt, Malad, Mulund and Goregaon have now emerged as favourable office destinations for many companies.
With the Maharashtra government dithering over several issues, Mumbai has lost many opportunities to create a handsome stock of affordable houses.
With property prices shooting through the roof in the city, the onus is squarely on the state-run development bodies — Maharashtra Housing and Area Development Authority (Mhada) and City and Industrial Development Corporation of Maharashtra (Cidco) — to develop affordable homes, and they are supposedly doing their bit by putting out at least 10,500 houses within the next year, though the critics say this is a measly number given the soaring demand.
With low sales, liquidity crises and the general elections coming up, builders say there may soon come a time when they have no choice but to slash real estate prices.
The recent building collapses in Dahisar and Mumbra underscores the flaws in the redevelopment scheme, which is meant to rid the city of dilapidated structures and give citizens newer and safer homes.
In a major development in the ambitious Dharavi redevelopment scheme, Ernst and Young (EY) on Tuesday won the bid as the Project Management Consultant (PMC) for the project. Naresh Kamath reports.
Union agriculture minister and NCP chief Sharad Pawar set the tone for the 2014 election campaign by targeting Gujarat chief minister and BJP prime ministerial aspirant Narendra Modi for his role in the encounter of Ishrat Jahan, a Mumbra resident, who was allegedly wrongly killed in Gujarat on suspicion of being a terrorist.