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Boost for self-redevelopment: Societies can now take housing finance loans
Publish on : 2021-03-24 11:47:25
This is for the first time that cooperative housing societies have been allowed to borrow from housing finance companies (HFCs). MUMBAI: In a major boost to self-redevelopment of cooperative housing societies, the Reserve Bank of India (RBI) has included them in the list of allowed borrowers for...
Office space leasing across India's six major cities likely to grow 22% in 2021: Report
Publish on : 2021-03-24 11:45:51
Of the major cities, the country’s financial capital Mumbai is likely to post the highest on-year growth in leasing activity at 5.5 million sq ft in 2021 against 2.9 million sq ft absorption clocked in 2020. uarters, said international property consultant Savills India. Of the major cities, th...
Mumbai property registration spike continues, February records 70% growth
Publish on : 2021-03-13 17:36:32
Property registrations in Mumbai have recorded over 70% on-year rise in February, the sixth successive month with significant growth in numbers as the rush among homebuyers to conclude their transactions continued. The real estate market in the country’s financial capital continues to witness sha...
Maharashtra offers 1% rebate on stamp duty for women home owners
Publish on : 2021-03-13 17:34:44
"On International Women's Day, I propose concession in stamp duty of 1 per cent over the prevailing rate exclusively to women, provided the transfer of house property or registration of sale deed is in the name of woman or women only," he said. The Maharashtra government's budget for 2021-22, pre...
Consent of 51% flat-buyers must to tweak project, extend deadline: MahaRERA
Publish on : 2021-03-13 17:33:19
The builder will require the consent of at least 51% of the allottees if he wants extension of completion date of the project. The consent will now be required with their names, flat numbers and signatures. MUMBAI: Builders will no longer be allowed to get away with sketchy details or shoddy pape...
Mumbai has the highest construction cost among top six metros: Report
Publish on : 2021-03-13 17:30:45
Hyderabad and Chennai, on the other hand, have the lowest average construction costs where costs are about 14% lesser than Mumbai. NEW DELHI: Mumbai has the highest construction cost among the six metros in India, according to a recent report by JLL India. The cost of construction in Mumbai is on...
Mumbai property registration spike continues, February records 70% growth
Publish on : 2021-03-03 13:21:45
Property registrations in Mumbai have recorded over 70% on-year rise in February, the sixth successive month with significant growth in numbers as the rush among homebuyers to conclude their transactions continued. The real estate market in the country’s financial capital continues to witness sha...
Mumbai: Mhada nets Rs 3.85 crore in rent arrears within a month
Publish on : 2021-03-03 13:15:33
Owners and tenants whose dues were pending for long periods were offered a 60% rebate on interest. Inhabitants of Mhada's transit camps owe Rs 130 crores in rent arrears. MUMBAI: In a significant recovery, Maharashtra Housing and Area Development Authority (Mhada) has received Rs 3.85 crore in re...
Maharashtra clears installment facility for slum rehabilitation authority builders
Publish on : 2021-03-03 13:13:27
The BMC allows developers involved in constructing buildings up to 70 meters in 5 installments. 10% in the 1st instalment and 22.5% in the remaining 4 instalments. MUMBAI: Over a year after top builders working with the BMC, Mhada and other planning authorities got the benefit, the state governme...
Mahindra Lifespace to invest Rs 500 crore in new housing project in Pune
Publish on : 2021-02-23 13:19:37
The company will develop more than 1,000 units in the project 'Happinest Tathawade', which is spread over nearly 7 acres of land. The project will be developed in two phases, with first one comprising over 600 apartments. NEW DELHI: Realty firm Mahindra Lifespace Developers Ltd will invest around...

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