Securities and Board Exchange of India (SEBI) will buy IDBI Bank’s Mumbai building which is situated in the Bandra-Kurla Complex for Rs 1,000 crores. Last month, it was approved by the SEBI Board members regarding the property acquisition, while the regulators are in the process of actual valuation. Situated in Read more…
At the end of 2017, 7 major cities in India experienced unsold inventory. The total number of unsold inventory in these cities were as humongous as 4.4 lakh properties with Delhi-NCR contributing highest with 1.5 lakh flats, spread across Delhi, Gurgaon, Ghaziabad, Faridabad, Noida and Greater Noida. The seven Read more…
Increase in FSI by 0.5 value in Mumbai In a good news for Builders, the Maharashtra state government has approved 0.5 additional FSI (Floor Space Index or also called as FAR – Floor Area Ratio) in Mumbai for plots facing road with minimum width of 9 m. This additional Read more…