This proposal is a part of the comprehensive aviation policy that the ministry has submitted to the Cabinet and which has now been referred to a Group of Ministers.
Bengaluru saw a 23% decline in home sales and a 3% fall in prices.
Experts tracking the sector say the scheme is aimed at clearing inventory and boosting sales
'In Mumbai the mortality rate was reaching a percentage of almost 8 plus in about April.' 'But now over last one month, we have come down.' 'We have drastically controlled mortality.' 'We are now about 3.9.'
Three major cities in south India -- Bengaluru, Hyderabad and Chennai -- dominate India's office market with the contribution of 66 per cent of the total demand for office space during the last financial year 2020-21, according to Anarock report. The consultant noted that the main southern office market has overtaken other regions in terms of new supply, net absorption, and even rental growth. Among the top-seven cities, Bengaluru, Hyderabad and Chennai saw their share of total office leasing increase to 66 per cent in the 2020-21 fiscal year as against 47 per cent in FY18.
Housing sales across seven major cities in the country fell 35 per cent year-on-year to 50,983 units during the July-September period even as the demand recovered post lockdown, according to data analytics firm PropEquity. Sales stood at 78,472 units in the year-ago period in seven cities -- Delhi-NCR, Mumbai Metropolitan Region (MMR), Chennai, Kolkata, Bengaluru, Hyderabad and Pune.
The NCR and the MMR together account for 77 per cent of 10 big housing projects stuck because of developers' bankruptcy or litigation.
The Mumbai civic body asked all schools to remain shut and to ensure that the students were sent back home safely.
Already hit hard by the poor and inefficient services, the woes of the suburban rail commuters in the metropolis are going to be compounded further with the season ticket rates going up by more than double across classes.
Maharashtra's COVID-19 tally rose to 85,975 on Sunday with 3,007 new cases while the fatality count mounted by 91, including 61 deaths in Mumbai, to 3,060, state Health department said. The recovery rate for Maharashtra, which has the highest case load in the country, now slightly increased from 45.06 per cent to 45.72 per cent on Sunday.
The overall death toll in the state has gone up by 58, including 39 from Mumbai, to 1,635, the official said.
Home seekers demand has exceeded supply and hence there is a possibility of rentals going up by atleast 10 percent.
Experts attribute this to economy slowdown and political uncertainty with the general elections round the corner.
The hospital, in the commercial hub of Bandra-Kurla Complex, will serve as an isolation facility for non-critical COVID-19 patients. Expected to be ready in a fortnight, the new makeshift facility can be scaled up to 5,000 beds, if needed. The Brihanmumbai Municipal Corporation will run the hospital that will have, among other things, oxygen facilities and pathological laboratories. Sohini Das reports.
A look at few marquee projects that are stuck for several reasons.
Encouraged by a steady recovery seen in the first two weeks of February, hospitality firms expect the business hotels in metros including Mumbai, Bengaluru, Chennai, Kolkata and Hyderabad that have been lagging the leisure hotels in terms of revenue per available room (RevPar) to catch up in the coming months. Huge pent-up demand for MICE (meetings, incentives, conference and exhibitions) as companies slowly return to hosting physical events coupled with easing of the recently announced restrictions on international travel, will also help in getting closer to pre-Covid levels of revenue, they said. The Omicron wave that peaked in January had derailed the strong month-on-month recovery seen by the hotels since August.
The marshals will be provided specialised axes to snip wires and break glasses.
The rise in commuters was also despite the state-run Mumbai Metropolitan Region Development Authority filing a petition against MMOPL on fare fixation.
As many as 108 flights cancelled and another 51 diverted to nearby airports.
In the latest guidelines, the BMC clarified that no garden or play area equipment, swings and bars will be allowed to operate during the lockdown period, till June 30.
Blackstone has bought A Wing and some part of B Wing of the building, which has three wings with a total area of 1.5 million square feet.
The Maharashtra government announced categorisation of various areas into red and non-red zones
Speaking at a video conference to take a stock of damage caused by the cyclone in the coastal district which is adjacent to Mubai, Thackeray also directed that electricity supply be restored quickly.
Speed of trains would be increased up to 200 kilometres/hour.
The Maharashtra government on Sunday extended till June 30 the lockdown in the entire state, and announced easing of restrictions and phase-wise resumption of activities under the "Mission Begin Again".
More than 50 per cent of the value of all MOUs signed at the Make In India Week in the last five days has made Maharashtra emerge numero uno in the committed investment stakes!
Speaking to reporters in Thane, Pawar accused the Narendra Modi government of failing to fulfil any of the promises made by it since 2014 including bringing 'acche din, connecting villages through the internet, and providing toilets, water, and power to every household'.
The Indian Meteorological Department, meanwhile, warned of intense spell of 30 to 50 mm rainfall per hour with strong winds in Mumbai and suburban areas.
At least four gelatin sticks were on Thursday found on the railway tracks near Taloja in Navi Mumbai, a day after a discarded overhead equipment was spotted lying on the rail lines in Raigad
Here's what's buzzing in Mumbai if you are looking out for real estate appreciation...
Over the weekend, many companies stepped in to ease the bottleneck in supply and transportation of oxygen, as demand ran high with the surge in cases.
The Centre and the Shiv Sena-led Maha Vikas Aghadi government in Maharashtra are locked in a tussle over ownership of the land earmarked by the state for constructing the car depot which was earlier planned at Aarey Colony, a green belt in suburban Goregaon.
MahaRERA, the authority under Real Estate (Regulation and Development) Act, 2016, in Maharashtra, has blacklisted 644 housing projects in the state for not meeting project deadlines. The authority has prohibited them from being sold, advertised or marketed in the state. These projects were supposed to be completed and handed over to homebuyers in 2017 and 2018. Even though most of the projects are being developed by local developers, one big name on the list is Lavasa Corporation promoted by HCC whose registration expired in 2017.
The two western states, already battling a raging pandemic, which has put their health infrastructure under severe strain, opened new fronts to tackle the fallout of the storm which is expected to make a landfall close to Mumbai on Wednesday. They are likely to be impacted most by the cyclone.
These projects will be undertaken by BMC, Mumbai Metropolitan Region Development Authority, Maharashtra State Road Development Corporation.
Housing prices increased by up to 11 per cent annually across eight major cities during January-March period of this year due to a rise in demand for residential properties and a sharp hike in rates of construction raw materials, according to a joint report by CREDAI, Colliers and Liases Foras. Delhi-NCR witnessed highest rise in housing prices by 11 per cent to Rs 7,363 per sq ft during January-March 2022 as compared to the year-ago period, as per the first edition of Housing Price-Tracker report by realtors body CREDAI, real estate consultant Colliers and data analytics firm Liases Foras. Hyderabad witnessed 9 per cent increase in housing prices to Rs 9,232 per square feet, while Ahmedabad saw a 8 per cent appreciation to Rs 5,721 per square feet and Kolkata 6 per cent to Rs 6,245 per square feet.
Most of these projects were launched between 2008 and 2010
In a controversial move, the Bharatiya Janata Party-Shiv Sena government in Maharashtra has decided that autorickshaw permits in future will be issued to only those who can speak Marathi language.
Who are the politicians who either build illegal housing or protect them, or worse, secure compliance from the civic officials who wink at the contraventions? More importantly, where is the blacklist of builders who have indulged in rule-breaking as a business practice so that the buyers can avoid their projects, asks Mahesh Vijapurkar.
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