SRA sanctions deferment in payment of premium for fungible FSI

By Accommodation Times Bureau MUMBAI The Slum Rehabilitation Authority (SRA) has decided to sanction deferment in payment of premium for fungible Floor Space Index (FSI) under Regulation No. 35(4). Confederation Real Estate Developers’ Association of India (CREDAI) had urged SRA Chief Executive Officer Deepak Kapoor to extend the similar facility for SRA scheme,

Claim your extra space in Redevelopment of Housing Society

By Dr Sanjay Chaturvedi, LLB, PhD Mumbai Municipal Corporation in Redevelopment projects have caped fungible FSI of residential at 35%. The municipal corporation of Mumbai introduced this system to curb misuse of existing building regulations by developers. Developers would build space over and above the allowable FSI by the means of some

Premium Housing Segment will survive another day?

By Accommodation Times News Services The Indian real estate is on the verge of sprawl with the reviving economy the market the  sentiments of investors is improving and NRI and HNI home buyers are attracting towards Indian real estate market. Though the demand for affordable housing is more in the market,

AMR Group diversifies into premium residential segment, announces three new projects

By Accommodation Times News Services Ties-up with ace designer Manish Arora to style the dwelling units Launches the first residential project Apartment 55 at Greater Noida New Delhi, February 19, 2013: AMR Infrastructures Ltd., one of the leading real estate development enterprises in India today announced the diversification of its portfolio. Known

‘Quite an entry in Chennai‘s Real Estate market’ Vista Spaces’ comes up with a Mixed-use project at the heart of Kollywood.

By Accommodation Times Bureau Vista Spaces’, a Bangalore-based property development company, has now entered Chennai realty market with a bang! It will be a mixed-use project at Vadapalani, the heart of Kollywood. This project is for over-one-acre comprising of 47,000 sq. ft. of residential apartment space through Vista Arcot and 46,000

Mumbai’s Prime Office Rates Continue To Rise Despite Depressed Market

Accommodation Times Bureau By Ramesh Nair, Managing Director - West, Jones Lang LaSalle India With overall vacancy increasing and business and investor sentiment low, why are office rents in many micro markets in Mumbai still increasing? In the recent past, many corporate decision makers have been wondering aloud why the rents

Mumbai is out of the top10 office space race

By Accommodation Times (www.accommodationtimes.com) Mumbai: This has happened for the first time in the last six years that Mumbai Nariman Point has been sacked from the 10 top most rental offices across the globe. Whereas, in the previous fiscal year the commercial business district has fetched the 8th position however this

Omkar Realtors & Developers launches flexible office spaces

Omkar Realtors & Developers launches sub-brand of self- contained and flexible office spaces Mumbai: Omkar Realtors & Developers Pvt Ltd announced the launch of a sub brand ‘The Summit - Business Bay’. The Summit Business Bay shall represent all smaller formats of commercial orientations that Omkar will undertake in the future.