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How Much Are Homebuyers Spending On DécorAccording to the 2017 Houzz & Home survey, while renovation costs of first-time buyers were on an average $34,000 in 2016 up from $27,700 in 2015, for millennials it was $26,000 in 2016, up by seven per cent of what it had been in 2015. Even in India, young buyers are looking for not just homes but comfort zones that they wouldn’t want to compromise on.
Mumbai Metro Ridership Hits 400-Million MarkThe Mumbai Metro has crossed 400-million ridership at a 12-km route between Versova- Andheri- Ghatkopar in a period of four years. Also, it has emerged as the only public transport infrastructure that witnessed an increase in passengers of up to 15 per cent annually. According to the data available with Mumbai Metro One, the network operates with around 378-382 trips on weekdays, with a punctuality performance of 99.9 per cent along what is the world's densest corridor. The route also connects the eastern and western suburbs via Andheri.
Jaypee To Deposit Rs 600 Cr In Instalments ; BuyersJaypee group has identified certain assets which it can sell to deposit Rs 600 crore that will be used to refund the aggrieved homebuyers. The assets include a cement plant at Rewa in Madhya Pradesh.
Mumbai DP: City To Go Vertical; 10 Lakh Affordable HMaharashtra has launched new Development Plan for Mumbai metropolitan region that has cleared the deck for vertical development and has brought FSI bonanza for the developers. The FSI for commercial buildings has been raised to 5 to create space for new jobs and at least 5 lakh affordable homes.
Delhi Plans To Bring In Road Congestion Tax, One-WayThe national capital will try its hand at a major experiment to overcome ever-increasing road traffic. Delhi LG Anil Baijal has proposed three measures that would be implemented soon along the congested stretches for controlling vehicle population in the city.