Godrej Properties adds a new project in Mumbai
Track2Realty: Godrej Properties has entered into a Development Agreement with Ador Group, to develop a 6.7 acre land parcel situated on LBS Marg in Bhandup (W).
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Mumbai’s residential market notes mixed sentiments in H1 2013
Track2Realty: Mumbai’s residential segment witnessed mixed sentiments during the first six months of the year. While the city’s leasing market displayed signs of weakness during the review period, the sales market managed to hold its ground with limited capital appreciation in a few locations. These are the findings of CBRE’s latest research report on the residential sector, ‘India Residential Market View H1 2013’.
Mumbai real estate units up 30% in H1 2013: Cushman & Wakefield
Track2Realty: Mumbai witnessed the launch of approximately 18,000 real estate units during the first half of 2013; representing an increase of 30% compared to the first half of 2012. Of the total launches, 30% were witnessed in the western suburbs of Mumbai which had the highest share in new launches at locations like Andheri, Bandra, Malad and Goregaon. Navi Mumbai contributed 24% of the overall launches with the second phase of a large township project launched in Panvel.
Purvankara to launch project in JP Nagar, Mumbai
Track2Realty: Puravankara Projects is launching a super-luxury project in JP Nagar, Mumbai. The property, named Purva Coronation Square, claims to be designed to indulge the inclinations of modern-day royalty.
Setback to Mumbai realty as 22-km trans-harbour project finds no takers
Track2Realty: In a major setback to attempts of Maharashtra government to improve infrastructure in the Mumbai, none of the five shortlisted firms put in tender for the ambitious Mumbai TransHarbour Link (MTHL) project, the bids for which opened on Tuesday, Aug 6. It is also seen as a major blow for the Mumbai real estate market which was expecting a turnaround post this Rs. 10,000 crore ambitious project.
Mumbai builder lodge defamation suit of Rs. 1,086 Crore against false complainant
Track2Realty: While the customers lodge complaints against builders, here is a case in which a builder has registered a defamation case against a customer. The Mumbai-based reputed Haware Engineers & Builders have filed a defamation suit amounting to Rs 1,086 crore against one of its former customers in the court.
Tata Housing paints its way into the Limca Book of Records with the Mumbai Wallbook
Track2Realty: Tata Housing has made it to the Limca Book of Records 2013 for ‘Mumbai Wallbook’, the lengthiest wall painting activity held in Mumbai on May 20th, 2012. This first of its kind initiative on the theme ‘Design Your Dream City’ witnessed 556 artists coming together, on one platform, to design their dream for the city. Over 15,000 likes and conversations were generated on Tata Housing’s Facebook page a week prior to the event, and other social media platforms successfully engaged enthusiasts that ensured high footfalls at the venue.
Can Mumbai learn redevelopment from global experience-III
Track2Realty Exclusive: The redevelopment of a city depends on many local factors and cannot be replicated ad hoc. Mumbai has its own character and flavour and has to be developed according to local needs and infrastructure availability. The government in consultation with developers should work in redeveloping the city of Mumbai by improvising on infrastructure.
Can Mumbai learn redevelopment from global experience-II
Track2Realty Exclusive: The Umeda Exit of the Ikeda Route of the Hanshin Expressway system passes through this building. The expressway is the tenant of these floors. The elevator doesn’t stop on floor 5th-7th; floor 4 being followed by floor 8. These floors consist of elevators, stairways, machinery and other stuff.
Can Mumbai learn redevelopment from global experience-I
Track2Realty Exclusive: Mumbai city is leading the redevelopment process though the volume is still a fraction of the overall potential. Of course, Mumbai’s problems are unique and need solutions which are also unique as socio-political fabric of the society and ethnicity is diverse.