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Realtors seek reallocation of Navi Mumbai plots as new CRZ rule blocks development
Publish on : 2020-11-27 16:09:12
While these plots were allotted by CIDCO itself for development and it continues to charge additional lease premium from developers, the development is not allowed now. MUMBAI: Realty developers in Navi Mumbai are seeking reallocation of plots, development of which has been stuck due to a new Coa...
Flat buyers can’t seek relief for delay after project ready: MahaRERA
Publish on : 2020-11-20 15:02:08
MUMBAI: Flat buyers are not entitled to compensation for delay if the demand is made after the project is complete or handing over possession has begun, said Maharashtra Real Estate Regulatory Authority or MahaRERA. On November 12, MahaRERA rejected a plea for compensation sought by Ashley Serrao...
Pune residential sales up 58% quarter-on-quarter in Q3, launches rise 55%
Publish on : 2020-11-03 21:56:04
Residential launches in the city saw a 55% sequential jump to 1,756 new units during the quarter with locations like Kharadi, Hinjewadi, Wakad and Hadapsar accounting for more than 50% of the launches, showed data from property consultancy JLL India. MUMBAI: Property market of Pune has witnessed...
Mumbai property registrations see sharp recovery in October; up 36% YoY
Publish on : 2020-11-03 21:54:05
n an indication of a robust revival from pre-Covid level, the registration of apartments rose 34% from levels witnessed in February, showed data from the office of the Inspector General of Registration Maharashtra. Residential property sales in Mumbai, the country's hottest property market, has r...
Residents in Pune against handing amenity spaces to builders
Publish on : 2020-10-31 20:44:03
At least eight resident associations submitted protest letters in this regard to municipal commissioner Vikram Kumar this week. PUNE: Resident associations from across the city are readying to fight the civic body’s proposal to lease amenity space to private builders for development. At least eig...
Pune civic body nets Rs 90 crore through instalment plan for builders
Publish on : 2020-10-31 20:42:15
“The scheme has been well-received by the beneficiaries and [many] proposals for building permissions have been submitted. We are hoping to generate good revenue from this scheme,” city engineer Prashant Waghmare said. PUNE: An instalment scheme for builders under which they are allowed to pay de...
Maharashtra govt scraps Dharavi redevelopment tender; to invite fresh bids
Publish on : 2020-10-31 20:40:40
Dharavi Redevelopment Committee (DRC), a federation of 52 associations of residents, is also planning to move the court against the decision. The government of Maharashtra has scrapped the earlier tender to redevelop Dharavi, Asia’s largest slum in the heart of the country's financial capital and...
Mumbai property registrations see sharp recovery in October; up 36% YoY
Publish on : 2020-10-31 20:38:15
In an indication of a robust revival from pre-Covid level, the registration of apartments rose 34% from levels witnessed in February, showed data from the office of the Inspector General of Registration Maharashtra. Residential property sales in Mumbai, the country's hottest property market, has...
Mumbai: 140-yr-old chawl's claim for damage by metro denied
Publish on : 2020-10-31 20:36:12
The HC, on October 22, noted there were disputed questions of facts as the Mumbai Metro Rail Corporation Ltd (MMRCL) had denied its tunnelling or other work had caused the cracks. MUMBAI: Bombay high court dismissed a petition filed by residents of two 140-year-old Girgaum buildings alleging that...
Pune civic body collects Rs 85 crore from property tax defaulters
Publish on : 2020-10-28 17:11:03
PMC has waived off Rs 41 crore penalties owed by around 37,000 property owners. The civic body had to recover Rs 4,500 crore from defaulters — dues of Rs 2,100 crore and Rs2,400 crore in penalties. PUNE: The civic body has raked in Rs85 crore from property tax defaulters, who took advantage of th...

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