Properties for sale in Mumbai by Paradise Group

In a record of sorts, the Brihanmumbai Municipal Corporation (BMC) has collected Rs 5,150 crore as property tax in the financial year 2017-18. While the civic body has earned Rs 300 crore more when compared to the last fiscal, this is the highest amount it has recovered as property tax ever. However, against its target to earn ₹5,402 crore, the BMC has fallen short. After development charges that real estate developers pay to the BMC, property tax is the highest source of income for the civic body. 

After a year-long ban on real estate construction in Greater Mumbai, the Supreme Court (SC) has finally allowed construction of new projects for the next six months. The order has come as a big relief for the developers in the city as projects worth Rs 2,000 crore were stuck since March 2016, owing to the order.

The Navi Mumbai Airport Private Limited has announced that the international airport will be designed by the celebrated Zaha Hadid Architects. The architect firm will design the Terminal 1 and the ATC Tower of the airport. The London-based architect firm was selected after a 12-week design competition, which witnessed international architect firms participating.

When the plan gets implemented, all stations would have elevated decks to give more space to passengers. These decks would have ticket-booking offices, foot-over-bridges and skywalks, leading to the platforms. At present, only the Andheri and the Goregaon stations have elevated decks.

To monitor illegal construction, the Brihanmumbai Municipal Corporation (BMC) is now making use of technology. After its failure to curb rising illegal construction in India's financial capital, the municipal corporation is now using Light Detection and Ranging technology to video-record each property with a 360° view. While sizing up the property, the technology will also enable the BMC to measure the road on which a building is standing - this will help it make sure no encroachment of public land takes place.