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Latest News
Housing societies in Pune struggle with shrinking coffers
Publish on : 2020-12-18 12:16:27
“Efficient and intelligent management of funds is key for all housing societies,” said Suhas Patwardhan, chairman, Pune District Cooperative Housing Federation. PUNE: Many housing societies are struggling to meet increased expenses, with limited funds at their disposal. “There are many members...
Fire NOC & systems not must for buildings up to 24 metre in Maharashtra
Publish on : 2020-12-16 13:14:04
Earlier, buildings requiring fire NOC were called as high-rise buildings. In unified DCR, the government has continued with title of high-rise buildings and also called them special buildings. NAGPUR: From existing 15 metre, the state government has increased the height to 24 metre for all building...
FM Logistic India leases 9 lakh sq ft warehousing space from Welspun One in Bhiwandi
Publish on : 2020-12-16 13:03:53
The company is investing Rs 900 crore to develop its 110-acre industrial park project at Bhiwandi in Mumbai Metropolitan Region (MMR). The project has a potential leasable area of 3.2 million sq ft. NEW DELHI: Welspun One Logistics Parks will provide on lease around 9 lakh sq ft warehousing space t...
Audit deadline relaxed for cooperative housing societies in Maharashtra
Publish on : 2020-12-16 13:01:08
The department also appealed to them to approach the registrar's office to complete conveyance deed of residential housing societies at the earliest. MUMBAI: The Maharashtra government's cooperation department has extended the deadline for cooperative housing societies to complete their audits by D...
All parties in BMC back 50% slash in premiums for real estate sector
Publish on : 2020-12-11 14:06:55
The civic administration is now awaiting the state cabinet nod to the Deepak Parekh committee’s recommendations even though it expects a shortfall of Rs 5,000-Rs6,000 crore in its revenue this fiscal. MUMBAI: All the eight political party group leaders in the BMC have expressed support for the 50...
Mumbai property registrations at 8-year high in November, up 67% on year
Publish on : 2020-12-11 14:02:53
Registration of housing sales in the country’s commercial capital rose 67% from a year ago to 9,301 deals in November led by record-low housing loan interest rates, festive offers, discounts and the reduction in stamp duty. MUMBAI: Residential property sales in Mumbai, the country's hottest prope...
Maharashtra deviates from Centre's norms for building plan sanction, OC
Publish on : 2020-12-11 13:51:51
The state has fixed 60 days for sanctioning building plan and 21 days for issuing OC while it is 30 days and 8 days, respectively, in centre’s order issued under Ease of Doing Business three years ago. NAGPUR: The state government's unified development control and promotion regulations (DCPR) is...
Pune civic body sends notices to 63 illegal constructions in Kondhwa
Publish on : 2020-12-08 17:58:59
After failing to notice the activity when it happened, PMC, now confronted with a study by locals, has started issuing notices to errant developers PUNE: When Prime Minister Narendra Modi sprung the nationwide lockdown on a four-hour notice, one imagined all commercial activity came to a grinding...
Government notifies rules to allow uniform development across Maharashtra
Publish on : 2020-12-08 17:56:36
Mumbai excluded; objections to be invited on certain modifications before final notification. MUMBAI: The state government on Friday notified the Unified Development Control and Promotion Regulations (UDCPR), which will govern construction and development projects in municipal corporations, munic...
Amenities cost can reduce capital gains on flat sale: ITAT
Publish on : 2020-12-08 17:52:40
The sale consideration minus the cost of acquisition (adjusted by applying the cost inflation index) determines capital gains. Higher the cost of acquisition, lower the taxable capital gains component. MUMBAI: In a litigation over capital gains arising on a flat sale, Income-Tax Appellate Tribuna...

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