Richest MLA’s property seized

http://shopsandhomes.com/blog/index.php/2015/12/richest-mlas-property-seized/

A Worli flat of the richest MLA as per the candidature filed for the Maharashtra Assembly polls last year. Mohit Kamboj was symbolically attached by a bank. Kamboj,who lost the Dindoshi seat on a BJP ticket in the Maharashtra Assembly polls, had declared assets worth Rs 350 crore and was the richest amongst all the Candidates. 

S Balakrishnan, former journalist received threats from Underworld Don Chota Shakeel for placing a bid to buy “Bhendi Bazaar Property” of Dawood Ibrahim

According to recent reports, S Balakrishnan, former journalist received threats from Underworld Don Chota Shakeel for placing a bid to buy “Bhendi Bazaar Property” of Dawood Ibrahim. Currently, S Balakrishnan is associated with NGO Desh Sabha Samiti and is ready to bid for the property of Dawood Ibrahim, which is located at Bhendi Bazaar Market. On last, Saturday he claimed that he received threats from underworld Don Chota Shakeel in the evening night of December 3 and 4, 2015. 

A sneak peek into India’s Premium Real Estate Market

In past few years, real estate market of India has evolved from residential units at great location to luxury and vibrant concept of branded homes. These branded residential units or houses have make up this emerging luxury housing projects where the price of luxury houses are about $ 300,000 for 2000 square feet for the starter size for apartments and into bigger and larger sizes depending on the category of the residential projects. In last 10 years, our country has under gone rapid globalization and urbanization which paved the way for employment opportunities with high income trends. However; these high earning individuals are looking for the world-class amenities to reflect their lifestyle on how they want their homes to look like. Read More....

Commercial real estate – some huge deals of recent times

In most recent realty news, southern real estate developer, RMZ Corp is in the advanced stages of negotiations to acquire Equinox business park in Mumbai from the Ruias of Essar Group. Sources familiar with the development confirmed that the transaction has been concluded for a monstrous Rs. 2400 crore. While billionaire brothers Shashi and Ravi Ruia are divesting non-core assets to pare Essar’s debt burden, this is by far the largest real estate deals of Mumbai and one of the biggest in India. Read More.....

RMZ Corp is in initial talk to acquire Essar’s Equinox Business Park in Rs 2,400 cr deal

http://shopsandhomes.com/blog/index.php/2015/12/rmz-corp-is-in-initial-talk-to-acquire-essars-equinox-business-park-in-rs-2400-cr-deal/

Essar is in initial negotiation stage with real estate developer RMZ Corp to sell its Equinox Business Park, which is located in Mumbai. According to sources the price of deal will be about Rs 2,400 crore, or $ 360 million. In recent years, this could be the biggest commercial real estate deal in the MMR region as billionaire brothers Ravi Ruia and Shashi Ruia are divesting their noncore assets to repay the debt of Essar.

India’s first “Smart City” in Navi Mumbai with new airport and township

http://shopsandhomes.com/blog/index.php/2015/12/indias-first-smart-city-in-navi-mumbai-with-new-airport-and-township/

Navi Mumbai is going to get the India’s first “Smart City” which is spread over an area of 75 sq km encompassing seven nodes and the upcoming airport with one new township.

Home sales rise in Mumbai 28 percent, a sign of life in real estate market of Mumbai

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Now some of the buyers are finally returning to the real estate market of Mumbai, as real estate developers are offering 5 to 10 per cent discount and other offers as well such as; foreign trips, free parking space, free car, free AC and more. Now in Mumbai’s real estate market due to reduced size of apartments and falling interest rates now it’s easy to sale the residential property and now currently home sales in Mumbai is 28 percent more in comparison of last four quarters, as per the reports of JLL India.