REAL ESTATE - REALTY - MUMBAI - HOUSING - PROPERTIES - COMMERCIAL - RESIDENTIAL - PROPERTY - CONSTRUCTION - BUILDERS - NEWS
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REAL  ESTATE - REALTY - MUMBAI - HOUSING - PROPERTIES - COMMERCIAL - RESIDENTIAL - PROPERTY - CONSTRUCTION - BUILDERS - NEWS
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Fluctuating rupee, regulations make real estate more lucrative for NRIs

Fluctuating rupee, regulations make real estate more lucrative for NRIs | REAL  ESTATE - REALTY - MUMBAI - HOUSING - PROPERTIES - COMMERCIAL - RESIDENTIAL - PROPERTY - CONSTRUCTION - BUILDERS - NEWS | Scoop.it
A fluctuating rupee, and introduction of various regulations to bring in transparency and accountability, are making real estate more lucrative for non-resident Indians (NRIs), experts say.
Bhavik Chitalia's insight:
“Home buying is regaining traction, RERA has made it better and in a situation where property prices at primary level are down by 10-15 percent, and the currency valuation adds another 10-15 percent, it definitely is a scenario where the NRI buyer is back,”
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Rapid Urbanisation Expected To Offer Significant Opportunities For Domestic Real Estate | Business Standard News

Read more about Rapid Urbanisation Expected To Offer Significant Opportunities For Domestic Real Estate on Business Standard. FICCI and JLL have released a report titled 'Future of India Real Estate: Deciphering the Mid-term Perspective' at the 12th edition of FICCI Real Estate Summit.
Bhavik Chitalia's insight:
Mumbai to lead rental growth trends; with other markets witnessing marginal rise
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Mumbai’s self-redevelopment scheme 2018: How it works

Mumbai’s self-redevelopment scheme 2018: How it works | REAL  ESTATE - REALTY - MUMBAI - HOUSING - PROPERTIES - COMMERCIAL - RESIDENTIAL - PROPERTY - CONSTRUCTION - BUILDERS - NEWS | Scoop.it
The Maharashtra government has announced a self-redevelopment scheme, allowing housing societies in Mumbai to take up redevelopment of their old buildings, on their own.We look at the process for availing of this scheme and the benefits that it offers...
Bhavik Chitalia's insight:
As redevelopment of a building involves dealing with large sums of money and awarding contracts to various people, it is important for the members of the housing society to choose persons of integrity to be members of managing committee.
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Rs 4.5 lakh crore infrastructure projects stuck in Mumbai region after SC order on solid waste management

Rs 4.5 lakh crore infrastructure projects stuck in Mumbai region after SC order on solid waste management | REAL  ESTATE - REALTY - MUMBAI - HOUSING - PROPERTIES - COMMERCIAL - RESIDENTIAL - PROPERTY - CONSTRUCTION - BUILDERS - NEWS | Scoop.it
The ban, imposed on a couple of other states including Madhya Pradesh and Uttarakhand, threatens to jeopardise more than Rs 4.5 lakh crore worth of projects, analysts estimated.
Bhavik Chitalia's insight:
Marathon Group managing director Mayur Shah said the apex court’s order would not impact the existing construction activity as it was already in compliance with the conditions stipulated in the earlier order.
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Mumbaikars take up self-redevelopment of old apartments of cooperative housing societies

Mumbaikars take up self-redevelopment of old apartments of cooperative housing societies | REAL  ESTATE - REALTY - MUMBAI - HOUSING - PROPERTIES - COMMERCIAL - RESIDENTIAL - PROPERTY - CONSTRUCTION - BUILDERS - NEWS | Scoop.it
In a new initiative, a number of cooperative housing societies in Mumbai have taken it upon themselves the task of redeveloping their apartments.
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Real estate alert! 'Building home in Mumbai costliest at Rs 3,125 per sq ft' - What property buyers need to know

Real estate alert! 'Building home in Mumbai costliest at Rs 3,125 per sq ft' - What property buyers need to know | REAL  ESTATE - REALTY - MUMBAI - HOUSING - PROPERTIES - COMMERCIAL - RESIDENTIAL - PROPERTY - CONSTRUCTION - BUILDERS - NEWS | Scoop.it
Cost of construction for a residential apartment in a mid-rise building in the city is the highest among the top urban centres in the country at Rs 3,125 per sq ft, according to a report.
Bhavik Chitalia's insight:
“Among the six leading cities in India, Mumbai remains the most expensive,”
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Indiabulls Real Estate eyes over Rs 30,000cr sales revenue from 14 projects

Indiabulls Real Estate eyes over Rs 30,000cr sales revenue from 14 projects | REAL  ESTATE - REALTY - MUMBAI - HOUSING - PROPERTIES - COMMERCIAL - RESIDENTIAL - PROPERTY - CONSTRUCTION - BUILDERS - NEWS | Scoop.it
Indiabulls Real Estate expects to garner a sales revenue of over Rs 30,000 crore from its 14 ongoing projects, being developed mainly in Delhi-NCR and Mumbai, the company said.
Bhavik Chitalia's insight:
“With the recovery in the real estate deals in the country, the company has been expanding its base in its key markets such as Mumbai Metropolitan Region (MMR), National Capital Region (NCR) etc. The company’s ongoing projects have 28.5 million sq ft saleable area with a gross development value of around Rs 30,130 crore,”
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Project Adjacent to Highways Attracting Mumbai Homebuyers

Project Adjacent to Highways Attracting Mumbai Homebuyers | REAL  ESTATE - REALTY - MUMBAI - HOUSING - PROPERTIES - COMMERCIAL - RESIDENTIAL - PROPERTY - CONSTRUCTION - BUILDERS - NEWS | Scoop.it
With India’s financial capital –Mumbai facing severe traffic woes resulting in time-consuming travel, housing projects located adjacent to the highways have emerged as a hot favorite among new age home buyers.
Bhavik Chitalia's insight:
With connectivity on western corridor being important for the present government infrastructure projects like a bullet train, massive high speed 6 lane highways, express corridors and Mumbai metro network, the western express highway belt has seen massive real estate development in last one year.
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Siddha group to invest Rs 12 bn on second slum rehab project in Mumbai | Business Standard News

Siddha group to invest Rs 12 bn on second slum rehab project in Mumbai | Business Standard News | REAL  ESTATE - REALTY - MUMBAI - HOUSING - PROPERTIES - COMMERCIAL - RESIDENTIAL - PROPERTY - CONSTRUCTION - BUILDERS - NEWS | Scoop.it
Read more about Siddha group to invest Rs 12 bn on second slum rehab project in Mumbai on Business Standard.The company is already developing a two-acre project under this scheme at Kandivali where around 400 units are being constructed for slum dwellers and 265 units for sale to home buyers...
Bhavik Chitalia's insight:
Seven projects are underway in this city with 15 million sq ft of development.
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Modi to Rein In India’s Home Builders Who Can’t Keep Their Word

Modi to Rein In India’s Home Builders Who Can’t Keep Their Word | REAL  ESTATE - REALTY - MUMBAI - HOUSING - PROPERTIES - COMMERCIAL - RESIDENTIAL - PROPERTY - CONSTRUCTION - BUILDERS - NEWS | Scoop.it
Mumbai24x7 Modi to Rein In India's Home Builders Who Can't Keep Their Word - Bloomberg: BloombergModi ... http://t.co/wfFlTIOghS #Mumbai
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The bill would impose penalties of as much as 10 percent of a project’s cost for failing to register it with relevant regulators and additional penalties of 10 percent or a three-year prison term in case of continued non-compliance. Incorrect or incomplete disclosures will attract a penalty of 5 percent of the cost, and projects may be canceled for continued non-compliance.

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