Author: Asmita Mukherjee

In a landmark judgement, Hon. Supreme Court has upheld the order of Hon. Bombay High Court quashing the rules framed by Municipal Corporation of Greater Mumbai (MCGM) for levying property taxes based on the capital value of the land under construction, which had forced several city – based real estate developers pay exorbitant amounts as prohibitive taxes or Land Under Construction Taxes to the MCGM. The Central Mumbai Developers Welfare Association (CMDWA) had filed the petition challenging the rules framed under the Capital Value system by the MCGM. Before this judgement, the MCGM rules to assess the property taxes…

When designer Shagun Singh from Homework Design Studio set out to plan the design of this 3200 sqft apartment for this wonderful family of four, she envisioned a home which was grand, warm and welcoming . It was clear that the homeowners loved the grandeur yet wanted it to be subtle and a space that truly reflected each of their personalities. The earthy finishes on the walls were highlighted by the opulence in lighting and statement art pieces that were personally handpicked by Shagun. Designing their elder daughter’s room for Shagun was probably the highlight of this home. A young…

Brigade Horizon Brigade Horizon is an exquisitely designed, 5-acre residential apartment project consisting of 1,- & 3-bedroom apartments from 42 lakhs onwards. It is an enclave designed for a life with an ‘inclination’ of bringing communities closer. With 60% of open space, high-speed connectivity through Namma Metro and NICE Road, and well-developed social infrastructure in and around, this development will surely be an ideal investment for homebuyers. Facilities like healthcare, education, and entertainment are in close proximity and ensure you are a part of the regular world without all its noise. With West Bengaluru’s Mysore Road becoming a famed social…

Hyderabad-based, Fabience is soon going to introduce India’s and Southeast Asia’s largest furniture manufacturing unit which boasts 1.5 lakh sq. ft space on a 5-acre area with state-of-the-art machines that are being imported from Europe. The sprawling project which is situated near Hyderabad ORR costs a whopping INR 80 crore and will expand the capacity of the brand. With this expansion, the company is also mulling to venture into the B2B segment. In a free-wheeling conversation with Asmita Mukherjee, T.R. Venu Gopal, Managing Director, Fabience informed that by the end of this year or the beginning of next year the…

Shriram Properties (“SPL”) reported an impressive performance with strong growth in sales for the quarter ended September 30, 2022 (“Q2FY23”). The Company has achieved sales volumes of 1.01 msf in Q2FY23, up 52% QoQ compared to 0.66 msf in Q1FY23. Aggregate sales value stood at INR 435 crores in Q2, reflecting a growth of 39% QoQ, compared to INR 313 crores in Q1FY23. Projects under the Development Management (DM) accounted for 30% of sales volume while share of plotted development stood at 32% in Q2. The Company successfully launched two plotted development projects during Q2 viz., “Shriram Eden-II” at Bangalore…

The 65th-year Zonal NASA Convention is being conducted in the DC School of Architecture & Design, Vagamon. The profound hosting spanning three days; November 3, 4, and 5, will include 50+ events, seminars, workshops, master classes, and competitions. The convention enables exposure and viewership to 2000+ delegates from 70+ institutions and renowned architectural firms across the South Zone. The main motive of the convention is to promote cross-college interaction for students of a particular zone and provide exposure to local talents and bring forth a broader platform. Inauguration ceremony by Hari Sasikumar, Ravi Deecee, CCS Launch Felicitation by Artist Bose…

The luxury residential market has been on an upswing post the pandemic, with its overall sales share growing to 14% in the first half of 2022. Most of the luxury residential market is dominated by South Mumbai which is known for its uber-luxury residences and top-notch localities. However, of over 60 localities the region has, Colaba, Parel, Worli, Lower Parel and Tardeo have emerged as the top localities preferred by the residents due to various factors that are boosting the housing popularity in these pockets. The zone has witnessed up to a 15 percent hike in the average home prices…

Registration of properties in Mumbai municipal region stood at 8,276 units in October, down 3 per cent from the year-ago period, as sales momentum moderated despite festive demand, according to Knight Frank India. In October 2021, as many as 8,576 units were registered in Mumbai city (BMC area). Real estate consultant Knight Frank India said that Mumbai city (BMC area) saw property sale registrations of 8,276 units in October 2022, contributing over Rs 705 crore to the state revenues. October 2022, which was the festive month, has recorded the second-best Diwali period sales in the last 10 years other than…