BMC extends property tax deadline by three months in Mumbai. Citizens protested against the new capital value-based system, citing high tax burdens and the inclusion of dues from previous years.
Mumbai residents protest BMC's new property tax policy based on capital value, citing disparities and demanding a return to the old system.
During a visit to India, British PM David Cameron pledged UK government funding for the Mumbai-Bangalore corridor project, foreseeing significant economic benefits and job creation.
Maharashtra government introduces e-payment of stamp duty for property transactions exceeding ₹5000, streamlining the process and enhancing security. The initiative begins in Mumbai and Pune.
Godrej Properties and Jet Airways are partnering on a 1.3 million sq ft commercial project in Mumbai's Bandra Kurla Complex. The project, Godrej BKC, is expected to generate Rs. 3,500-4,000 crore.
Knight Frank reports India faces severe housing shortages, exacerbated by funding issues in construction. Real Estate Investment Trusts (REITs) offer a viable solution.
Connaught Place in New Delhi and Bandra-Kurla Complex (BKC) in Mumbai are listed among the top and most expensive office locations in the Asia-Pacific region, according to Cushman & Wakefield's annual survey.
Corporates are relocating their headquarters to larger offices as rental prices decline in major cities like Bangalore and Mumbai, seeking better amenities.
GVK Power & Infrastructure Ltd plans to monetize 2.9 million sq. ft. of Mumbai International Airport's real estate to fund its modernization, pending Maharashtra Chief Minister's approval.
BMC increases Mumbai's daily water supply from 90 to 135 liters per person starting October 1st, offering relief to residents and potentially boosting the housing industry.
A sluggish real estate market has delayed multiplex construction, impacting Bollywood's revenue. Approximately 150 multiplexes are delayed, affecting potential earnings for films. More multiplexes are needed.
Morgan Stanley is considering investing in a 1.6 million sq ft office space development in Mumbai's Bandra Kurla Complex, marking their first commercial sector investment in India.
Union Housing Minister Ajay Maken advocated for a review of the FSI policy in Mumbai and other major Indian cities to boost affordable housing development, suggesting increased FSI rates.
Mumbai & Delhi ranked among world's cheapest cities in a survey by Economist Intelligence Unit, while Tokyo tops the list of most expensive cities.
DLF to raise Rs.2100 Cr via Institutional Placement Program to reduce debt and meet SEBI's 25% public shareholding norm.
Theme-based housing is trending in the Indian residential market, driven by global exposure and increasing demand. Tata Housing and Disney are entering the market.
Top English cricketers are eyeing Indian real estate, particularly in cities like Bangalore, Mumbai, and Goa, due to soaring property prices. They are considering land parcels, apartments, and even holiday homes.
India's residential market nearing price correction due to weak home sales, forcing builders to cut prices, reports CBRE, with Mumbai, Chennai, Hyderabad, and Delhi experiencing significant sales drops.
Foreign investors are poised to inject $4-5 billion into the Indian real estate market, focusing on Bangalore, Delhi, and Mumbai, according to Jones Lang LaSalle.
Finance Ministry proposes that real estate firms and brokers be permitted to operate banks, with regulations to prevent conflicts of interest and mitigate risks.
Spice Global, led by Bhupendra Kumar Modi, is entering the hospital and real estate sectors with the Saket City Hospital set to open by 2014, aiming to expand across India.
Mahanagar Telephone Nigam Limited (MTNL) plans to raise Rs.5000 Cr by divesting real estate assets in Delhi and Mumbai, enlisting global consultancy DTZ for support.
Disney India launches 'theme home' concept utilizing Disney characters, sparking global interest for Walt Disney Company.
ICICI Venture, a major Indian private equity firm, secured approximately $700 million last year through real estate and other funds. The firm plans further investments in key Indian cities.
CREDAI expresses reservations regarding the potential success of MIDC's updated SEZ policy, which allocates additional land for housing development. They insist concessions must be offered.