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A six-month-long inquiry into how a 230 acre plot at Powai meant for "affordable housing for Mumbaikars" was transformed into a plush haven for the wealthy has resulted in the biggest crackdown on a builder in recent years.
The Hiranandanis who have become synonymous with Powai have been fined Rs 3 crore for violating a 1986 agreement and a report by MMRDA (Mumbai Metropolitan Region Develop read more »
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The Hiranandanis who have become synonymous with Powai have been fined Rs 3 crore for violating a 1986 agreement and a report by MMRDA (Mumbai Metropolitan Region Develop read more »
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More than 50,000 flats are added to Mumbai's real estate sector ever year. However, only those who earn a crore and above per annum can afford it.
City-based builders are either constructing houses for the uber-rich or for the slum dwellers to avail the free Floor Space Index (FSI).
In three years, high-end constructions have doubled, whereas construction of buildings meant for the middle read more »
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City-based builders are either constructing houses for the uber-rich or for the slum dwellers to avail the free Floor Space Index (FSI).
In three years, high-end constructions have doubled, whereas construction of buildings meant for the middle read more »
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After raking in phenomenal profits since 2004, builders, including some top guns in the industry, could be headed for serious trouble with the real estate market sliding rapidly.
Many builders are facing a liquidity crunch as sales of apartments are in a state of virtual stagnation.
Moreover, politicians who had parked their slush funds with builders are now asking for their money back. read more »
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Many builders are facing a liquidity crunch as sales of apartments are in a state of virtual stagnation.
Moreover, politicians who had parked their slush funds with builders are now asking for their money back. read more »
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Mumbai mayor Shubha Raul has ordered an inquiry into how permissions were given to build these structures. She also said strict action should be taken against these builders, local politicians and whoever is involved and the BMC should not hesitate to file police complaints.
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The builder lobby is upset over the idea of setting up the Maharashtra Housing Regulatory Authority, a quasi-judicial body that will control, among other housing issues, the prices of houses built by private builders.
“When the government cannot provide us with land at a cheaper cost, how can it expect us to sell the property at a lower price?” argues Anand Gupta, chairman of the Builder Asso read more »
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“When the government cannot provide us with land at a cheaper cost, how can it expect us to sell the property at a lower price?” argues Anand Gupta, chairman of the Builder Asso read more »
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It may turn out to be the biggest haul of land lolly in Mumbai’s history, with some of the state’s leading politicians in the frontline to get their share.
At stake are 5,500 acres of suburban salt pans, eight times the size of the defunct mill lands in central Mumbai.
Builders have been circling this land for years now, waiting for controls on these eco-sensitive tracts to be loosened.
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At stake are 5,500 acres of suburban salt pans, eight times the size of the defunct mill lands in central Mumbai.
Builders have been circling this land for years now, waiting for controls on these eco-sensitive tracts to be loosened.
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South Mumbai is witnessing an explosion in real estate prices builders are demanding, Rs 60 crores for 10000 sq feet flat and they are getting it.
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A Localised violent protest in Deonar on Sunday afternoon after the body of a Buddhist monk was found threatened to turn into a larger conflagration with 5,000-odd protesters demanding action against what they claim is a murder.
Trouble started on Sunday morning when the body of Bhatne Sangaraj Mathero (72) was found lying face down with a rope around his neck. The body was found in his room b read more »
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Trouble started on Sunday morning when the body of Bhatne Sangaraj Mathero (72) was found lying face down with a rope around his neck. The body was found in his room b read more »
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मध्य मुंबईत उभ्या राहात असलेल्या टोलेजंग टॉवर्सच्या पायात कुख्यात डॉन दाऊद इब्राहिमने शेकडो कोटी रुपयांची बेनामी संपत्ती ओतल्याची खात्रीलायक माहिती हाती लागली असून सभ्यपणाच्या बुरख्याआड एका नामवंत आकिर्टेक्ट-बिल्डरने उभ्या केलेल्या साम्राज्याला दाऊदचा वरदहस्त मिळाला आहे. दोन वर्षांपासून सुरू असलेल्या या उद्योगात हवालामार्गातूनही शेकडो कोटी रुपये आल्याचेही कळते.
शहरात टॉवर संस्कृती फोफावत असल् read more »
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शहरात टॉवर संस्कृती फोफावत असल् read more »
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After BMC got thrashed with their superb caretaker policy, they are acting little funny (like villians in old marathi movies). First their procedure for their profiling of land is not streamlined and then they have condition that if land adopters (NGO's) don't submit their proposal's in 30 days they will hand over the land to Caretakers (builders) for development.
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Is gaflay may kaun kaun shaamil hai ? The usual suspects of course - Builders, Politicians.... not long before the Bhai's join in the fun as well !
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Builder shrinks Oshiwara nullah to construct his shopping and housing complex, leaving little place for outflow of excess monsoon water.
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International builders are very interested in redevlopment of Dharavi. They are trying to get into alliances with Indian builders like Hiranandani Constructions, Rahejas, Kalpataru, Lokhandwala Infrastructure, Akruti Nirman etc.
On paper, everything looks good though. Under the Dharavi Redevelopment Project, all the eligible slum dwellers whose names are incorporated in the electoral roll of 1 read more »
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On paper, everything looks good though. Under the Dharavi Redevelopment Project, all the eligible slum dwellers whose names are incorporated in the electoral roll of 1 read more »
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They are known as a slice of history, a part of the city where life does not seem to have changed much from the sixteenth century. But, now, all that may change. rnrnMore then the people of gaothans and koliwada's, builders are celebrating.
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