Navi Mumbai's News Options
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Realty rates in Navi Mumbai may go down – DNA India
With each passing day, the common man’s dream of owning a house in Navi Mumbai is getting more and more distant. Even real estate experts opine that the property rates are overrated in the satellite city.Keeping this in mind, the government has introduced a new industrial policy, under which corporate groups can now use 40 per cent of their land holdings to develop housing and commercial shops.
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New golf course and Skywalk inaugurated in Kharghar, Navi Mumbai
Navi Mumbai’s wait for a Skywalk and a golf-course finally got over on Sunday, December 30, 2012. Both the projects were inaugurated by Chief Minister, Prithviraj Chavan and Union Agriculture Minister, Sharad Pawar.
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Power prices may increase in Navi Mumbai from 2013
If you are a resident of Navi Mumbai, Kanjurmarg, Bhandup, Mulund or Thane, you might have to pay more for electricity from next year. According to Mahagenco, the state power generation company, there may be a rise in generation costs by 30% to 40%, as projected in its 2013-14 business plan. Mahagenco supplies electricity to the state’s power distribution firm, Mahavitaran. The decision on the rise will be taken by the Maharashtra Electricity Regulatory Commission next month.
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Home is where the heart is!
Mumbai streets are full of homeless and runaway children. We are so used to the sight of street kids that many of us go about our routine life, without giving much thought to their plight. However, every street kid has a story – a home they come from and a family they left behind.
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‘Navi Mumbai to get Metro rail by end-2014’ – CIDCO
Navi Mumbai is set to have its first taste of Metro Rail by December 2014, according to Tanaji Satre, Managing Director, CIDCO (City and Industrial Development Corporation Ltd.), the nodal agency for the city’s development, at the recently concluded Hindustan Times for Navi Mumbai Conclave 2012, held at Vashi. He also said that the much-awaited Navi Mumbai International Airport project will be initiated in the next six months.
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First of its kind realty expo to commence in Navi Mumbai from today
For the first time, Maharashtra Chamber of Housing Industry-Confederation of Real Estate Developers Association of India (MCHI-CREDAI) is organizing a realty expo that focuses on Navi Mumbai, and Raigad.
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Property value in Navi Mumbai’s Ulwe node expected to rise 145% in five years, according to a report
A report by property firm Knight Frank has analyzed the Mumbai real estate market and pointed out the possible highest real estate returns for residential property investors over the next five years.
According to the report, Navi Mumbai’s Ulwe node is one of the three Mumbai areas that are expected to appreciate the most over the period. The other two areas are Wadala and Chembur. Property rates in Ulwe are expected to rise 145% while in Wadala and Chembur it may hike by 133% and 125% respectively. Of the listed 13 areas, seven spots in the top position belong to Mumbai and Pune.
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Essel Infraprojects renews its interest in the upcoming Navi Mumbai airport; join hands with a US-based airport developer
Essel Infraprojects, led by Subhash Chandra – the Chairman of Essel Group, has teamed up with ADC&HAS Airports Worldwide, a US-based airport developer, in a bid to renew its interest in the upcoming Navi Mumbai airport. In 2005, the Essel group along with TAV group had failed the bid for the Mumbai airport privatization project.
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DY Patil Stadium to host the second warm-up game of England
The Board of Control for Cricket in India (BCCI) has accepted the proposal made by the Mumbai Cricket Association to shift the venue of the second warm-up game of the England cricket team to D Y Patil stadium in Navi Mumbai.
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New residential project launched in Airoli, Navi Mumbai
JP Developer has launed a new residential project Airoli Tower in Navi Mumbai. The project include 2BHK fully furnished flats with an arean of 1000 sq ft. Strategically located just 10 minutes away from the Airoli Railway Station, the tower is close to Junior college and St Xavier’s school.
For more information: http://www.discountedflats.com/8295-airoli-tower-airoli-mumbai.html
Source: BusinessWire India Press Release
