Tag: #Mumbai news

Western Railway plans to extend harbour line till Borivli by taking drone & geotechnical survey of the route.

November 21, 2019

In 2020, Western Railway will conduct a drone survey to stretch the Goregaon-Borivli Harbor Line, paving the way for more trains and increasing capacity. In the context of the Mumbai Urban Transportation Project (3A), Harbour line services were extended till Goregaon in April 2018. A senior WR said, “We had a pre-bid meeting on Wednesday with […]

Western Railway plans to extend harbour line till Borivli by taking drone & geotechnical survey of the route.more

Wadala Chawl residents ask BMC to forfeit redevelopment agreement with East & West Developers.

November 20, 2019

Residents of Azad Nagar chawls in Wadala, in violation of the Bombay High Court ruling in March 2019, wrote to Municipal Commissioner Praveen Pardeshi to terminate the development agreement with East & West Developers, a part of RNA Group, for failing to pay transit rent to 324 residents. On 1 September at the project location […]

Wadala Chawl residents ask BMC to forfeit redevelopment agreement with East & West Developers.more

WeWork Company plans to remove non-performing sites as the net loss increases to $1.25 billion in Q3 2019.

On Wednesday, the WeWork owner declared a net loss that has been more than doubled to $1.25 billion in the third quarter, as the company’s operator added a record number of desks to its global network but was unable to control rising costs. In the quarter ended Sept. 30, WeWork opened 97 new sites, the […]

WeWork Company plans to remove non-performing sites as the net loss increases to $1.25 billion in Q3 2019.more

Prestige Group acquires a joint venture deal for a Commercial property located in Bandra, Mumbai.

November 19, 2019

Prestige Group, the real estate company, has purchased 28.99% stake in the commercial development of a DB Realty project. This Commercial property is located in Mumbai’s Bandra area which is having over 7 lakh sq ft development potential and priced at approximately Rs 2,100 crore. The joint venture will develop a project for mixed uses, […]

Prestige Group acquires a joint venture deal for a Commercial property located in Bandra, Mumbai.more

State government to finalize a regulator for the Pune-Mumbai hyperloop project.

November 16, 2019

The hyperloop project of Pune-Mumbai still needs to find a regulator who is able to control its construction, safety measures as it is going to become the world’s first operational hyperloop. In 2018, Maharashtra approved a proposed high-speed line between Mumbai and Pune for Virgin Hyperloop One-led consortiums that would reduce the time from 3.5 […]

State government to finalize a regulator for the Pune-Mumbai hyperloop project.more

Oshiwara District Centre will be the next business hub in the line of BKC.

November 12, 2019

As a next central business area on the route of Bandra Kurla Complex (BKC), MMRDA is quickly developing the Oshiwara District Center (ODC). ODC aims to offer high quality residential, commercial and retail spaces, situated strategically between Goregaon and Andheri-Lokhandwala, with the new technological facilities, spread over 160 acres. ODC is intended to develop as […]

Oshiwara District Centre will be the next business hub in the line of BKC.more

66% of Real Estate Transactions are still carried-out through cash; post demonetization.

November 8, 2019

The electronic transactions are on the rise Three years after Narendra Modi in a national address banned Rs 500 and Rs 1000 currency notes but many people still prefer cash transactions than digital transactions, according to a survey. The survey also revealed that following the demonetization of currency notes black money continues to dominate the real estate […]

66% of Real Estate Transactions are still carried-out through cash; post demonetization.more

Mumbai Officials claim to have achieved 70% of potholes complaint under Pothole Challenge 2019.

November 7, 2019

It was an exercise in public relations fraught with potential pitfalls. But the BMC seems to be sitting nicely at the end of the seven-day #PotholeChallenge2019—the corporations claim to have fixed nearly 70% of their complaints about potholes and also decide to call up all of their complainants and confirm that their concerns are dealt with ‘Satisfaction’. The […]

Mumbai Officials claim to have achieved 70% of potholes complaint under Pothole Challenge 2019.more

The cabinet opens Rs 25,000 crore window for projects that are on hold.

In order to reactivate the main industry, also to boost the economy and to provide aid to home buyers, the cabinet approved Rs 25,000-crore special windows to finance housing projects that are stalled. The money will be available for projects that are “net worth positive,” FM Nirmala Sitharaman said. There will be potential distribution to […]

The cabinet opens Rs 25,000 crore window for projects that are on hold.more

MahaRERA update: Builders need to provide SRO details from 1st December.

November 5, 2019

As per the latest amendments made by MahaRERA, from 1st December onwards, all developers who are registered with the Maharashtra Real Estate Regulatory Authority (MahaRERA) will have to provide details about the developer’s body with whom they are linked with. Officials from MahaRERA said that the amendments under Section 34 of the MahaRERA Act have been […]

MahaRERA update: Builders need to provide SRO details from 1st December.more

Tag: #Mumbai news

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