News articles tagged Mumbai

Housing prices in 12 cities rise, 10 observed dip in Q2

Housing prices rose up to 6% in 12 Indian cities, while 10 cities saw a decline of up to 9% in Q2 FY24. Delhi-NCR experienced a 5% dip QoQ but a 7% YoY surge.

DLF beats slowdown with 140 pc sales jump

DLF achieved Rs 2,684 crore in sales bookings during H1 FY14, surpassing the previous year's figures. Experts commend DLF's strategic focus on premium, high-margin projects.

BMC: Campa Cola demolition inevitable despite monsoon

BMC to demolish illegal Campa Cola flats after May 31, 2015, despite monsoon season. Residents seek legal options as state government rejects ordinance, leaving them with an uncertain future.

Fresh policy set to lift cluster redevelopment in Mumbai

Mumbai's redevelopment policy undergoes changes, offering more profits to developers and residents. Larger clusters mean bigger flats and easier negotiations.

SC tells Campa Cola residents vacate the compound on time

The Supreme Court upheld the May 31 deadline for vacating illegal constructions in Mumbai's Campa Cola compound, leaving residents with a six-week notice to submit vacation undertakings.

Maha builders seek clarity for reservation of flats

Credai Maharashtra praises state's decision to reserve 20% of flats for the weaker section in developments on one acre of land. The policy aims to reduce slums and provide affordable housing.

MMRDA to put on sale 2,500 low cost apartments

MMRDA plans to sell 2,500 low-cost flats in Thane and Vasai-Virar, contributing to affordable housing initiatives for economically weaker sections.

PM to intervene in infra projects in Maharashtra

Prime Minister Manmohan Singh prioritizes the Navi Mumbai airport project, ensuring compensation for affected individuals while addressing infrastructure challenges in Maharashtra.

Maha lawmaker lauds SC order on Campa Cola Society

Maharashtra legislator Vinod Tawde and NCP leaders respond to Supreme Court's stay on Campa Cola housing demolition till May 2014, calling for proper regulations.

Slow sales force developers to drop prices

A recent survey of India's top cities reveals a struggling real estate sector with substantial unsold inventory, particularly in Delhi-NCR, Mumbai and Bangalore.

Experts: Rentals to remain low on lesser supply

Experts predict that a decline in office space supply will pressure rental values, while corporate relocation and economic factors affect demand across major cities.

Decline in recovery of stolen property

A National Crime Records Bureau (NCRB) survey reveals a decline in property sales recovery in India. Maharashtra experienced a sharp drop, while Andhra Pradesh showed the best recovery rate.

Most buildings in Mumbai flouted fire norms

Mumbai residential buildings at high fire risk, with 90% violating safety guidelines in recent inspections.

Shapoorji Pallonji's realty planning to extend

Shapoorji Pallonji Group plans to expand its IT parks by 52%, adding 2 million sq ft to its existing 5 million sq ft portfolio across India.

54 pc of Mumbai malls vacant

Over half of Mumbai's 40 malls struggle with low footfalls and high vacancy rates, impacting retailers and highlighting design flaws and brand inadequacy.

Building approvals public has no progress

Despite efforts to increase transparency, Mumbai's building plan approval system faltered. Approved construction plans were not uploaded to the website, hindering access for potential buyers.

No new malls helps inferior mall vacancy to 15 pc

The report highlights the fluctuations in mall vacancy rates across various Indian cities, influenced by leasing activity and the supply of new retail spaces.

Realty prices may slash down 12-17 pc in months

Property prices may drop 12-17% in Delhi-NCR, Mumbai, and high-end markets by next Diwali, as developers aim to reduce inventory and increase sales. New launches have decreased significantly.

DLF, Oberoi Realty report surge in profits

DLF and Oberoi Realty report decline in net profit in Q2 due to slow property market and high interest rates. Both companies sold assets to reduce debt.

Small cities resist realty slowdown

Tier-II and Tier-III cities in India are experiencing significant growth in residential real estate transactions, contrasting with the slowdown in major metros.

Slowdown in delivery, re-sale looks better option

Indian real estate deliveries face significant delays in 2013, impacting homebuyers. NCR lags behind, while Pune and Mumbai show better performance. Factors such as capital shortage, over-leveraging, and land availability contribute to the slowdown.

Property owners hail civic body tax formula in Mumbai

The Mumbai property association is challenging the revised property tax calculation method, seeking a fair resolution that considers property owners' financial capacity.

Freebies to attract customers in slowdown

In response to RBI's new loan policy, developers are introducing offers and freebies to attract buyers amid an economic slowdown and unsold inventories.

Sofitel to acquire 10 more properties in India

Sofitel, under Accor Group, plans to acquire over 10 luxury properties in India, aiming to expand its operations in major cities amidst challenges in licensing and workforce.

Slight dip in rental values in Mumbai in Q2

Mumbai's rental values dipped slightly in Q3 2023, with Lower Parel, Thane, and Navi Mumbai seeing the most leasing activity. Key business districts witnessed a decline in commercial leasing.