mumbai real estate news

Mumbai Builders and residents of the satellite city Navi Mumbai are anxiously awaiting the outcome of the high-level probe into the FSI irregularities found in 21 towers along the Palm Beach Road, albeit for different reasons. There seems to be some confusion...

A year after a prominent newspaper reported about a 11-storey Juhu building with large car decks on each floor, the BMC has now ordered the demolition of certain portions of the high-end tower. A report prepared by civic chief Subodh Kumar also directed...

Mumbai The Maharashtra cabinet wants the city’s iconic Bandra-Worli sea link extended all the way up to Versova in the north. But the big question on everybody’s mind is this: Who is going to implement it? A bitter dispute over funding between the state...

Mumbai In a judgment that has enriched the central government coffers by an estimated Rs 10,000 crore in the last three years, the Bombay high court on Thursday upheld the constitutional validity of service tax on commercial real estate transactions involving...

Mumbai The Bombay high court has allowed a cooperative society to amend its bylaws to extend the term of its chairperson. The HC held on Wednesday that “such an amendment cannot be said to be contrary to the provisions of the Maharashtra Cooperative Societies...

NEW BUILDING PLAN Civic body will earn in crores with revised FSI rules; builders object to plan The new building approval rules that the civic body unveiled recently will not give Mumbaiites looking to buy new property any advantage when it comes to...

Mumbai The Maharashtra Chamber of Housing Industry (MCHI) on Friday said that the Brihanmumbai Municipal Corporation’s (BMC) new building guidelines will cripple redevelopment projects. Municipal commissioner Subodh Kumar’s proposal will allow developers...

Mumbai Influential Pune builder Avinash Bhosale has dragged the City Industrial Development Corporation (Cidco) to court for cancelling the allotment of a 12-acre plot in Seawoods, Navi Mumbai, made to his company in 2008. Cidco’s managing director Tanaji...

Mumbai Property investors and speculators who book flats even before the project starts are a nervous lot. Civic chief Subodh Kumar’s proposal that the development control regulations (DCR) for building approvals be amended could affect them badly, said...

Mumbai Sajjan Jindal, vice-chairman and managing director of JSW Steel, is in advanced talks with property firm Orbit Corporation for joint development of Maheshwari House, a sea-facing bungalow on Nepean Sea Road in Mumbai that he recently bought, said...