News: mumbai property investment

The most recent mumbai property investment news from a variety of international property news sources.

Developers Targeting Small Cities for Luxury Housing Projects

As sales of high-end homes in large cities hit a low, developers are targeting small cities and towns. Godrej Properties Ltd launched a luxury residential project in the city in August, each of its 245 apartments priced at Rs.80 lakh to Rs.1 crore. Raheja Universal Ltd is building a sea-front property in Mangalore in a [...]

Developers test luxury housing market potential in small cities

As sales of high-end homes in large cities hit a low, developers are targeting small cities and towns Mangalore is suddenly hot property. Godrej Properties Ltd launched a luxury residential project in the city in August, each of its 245 apartments priced at Rs.80 lakh to Rs.1 crore. Raheja Universal Ltd is building a sea-front [...]

Developers test luxury housing market potential in small cities

As sales of high-end homes in large cities hit a low, developers are targeting small cities and towns Mangalore is suddenly hot property. Godrej Properties Ltd launched a luxury residential project in the city in August, each of its 245 apartments priced at Rs.80 lakh to Rs.1 crore. Raheja Universal Ltd is building a sea-front [...]

Maharashtra CM approves order for low cost housing proposals in Mumbai

Finally an average Mumbaikar can dream to own a house in the island city. A significant order has been approved by the chief minister of Maharashtra which aimed at creating affordable housing in the city and has a proposal wherein a portion of any  plot being developed has to be reserved for low-cost housing. In [...]

Maharashtra CM approves order for low cost housing proposals in Mumbai

Finally an average Mumbaikar can dream to own a house in the island city. A significant order has been approved by the chief minister of Maharashtra which aimed at creating affordable housing in the city and has a proposal wherein a portion of any  plot being developed has to be reserved for low-cost housing. In [...]

Sobha Developers to Start $107 Million Luxury Home Project in New Delhi Suburb

Sobha Developers Ltd., the best performing stock on the Bombay Stock Exchange Realty Index this year, plans to start a 5 billion rupee ($107 million) project in a New Delhi suburb to build luxury homes as the economy expands. “We are entering the golden era in real estate now,” J.C. Sharma, managing director of the [...]

Sobha Developers to Start $107 Million Luxury Home Project in New Delhi Suburb

Sobha Developers Ltd., the best performing stock on the Bombay Stock Exchange Realty Index this year, plans to start a 5 billion rupee ($107 million) project in a New Delhi suburb to build luxury homes as the economy expands. “We are entering the golden era in real estate now,” J.C. Sharma, managing director of the [...]

Rise in base rate won’t affect your repayments

MUMBAI: The Reserve Bank of India, has said a bank will have to honour a fixed rate contract, even if interest rates move up in future. The clarification has removed doubts that some banks had over introduction of fixed rate home loans. Customers of some banks feared that if the lender’s base rate rose above [...]

Mumbai builders reap benefits of slum rehabilitation

MUMBAI: Builders such as the Lokhandwala group, Ackruti, HDIL and Everest, that are said to have earned around Rs 4,000 crore from the sale of over 400 properties under the slum rehabilitation scheme (SRS) of Mumbai can now claim tax benefits on their profits, thanks to a Central Board of Direct Taxes (CBDT) notification that [...]

Navi Mumbai all set for a nose dive in prices

After a headline news of Mid-Day about Airport shift to Ambernath, Navi Mumbai residential prices have seen a nose dive in prices. Land rates, as told to Mid-day by Manohar Shroff, are all down by 70%. The rates were artificially kept high by CIDCO. Last year only 4500 sq.mtrs. of residential plots were released for [...]