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Maharashtra unlikely to implement Model Tenancy Act, says state law strong
Publish on : 2022-08-16 11:04:39
Confirming the communication by the state to the Centre, the state housing department official said Maharashtra has no intention to implement the act, as the existing state rental act was strong enough. PUNE: The Maharashtra government is unlikely to implement the Model Tenancy Act (MTA), which t...
Ajmera Realty & Infra India's sales up 261% year-on-year in April-June
Publish on : 2022-08-16 11:01:13
During the quarter, the company managed to reduce its debt by Rs 25 crore supported by sales and collection momentum. The developer’s weighted average cost of debt stood at 11.6% as on June end with debt-to-equity ratio at 1.12:1 as compared to 1.17:1 in the previous quarter. Property developer A...
MahaRERA to start issuing notices to 'lapsed' projects from this month
Publish on : 2022-08-16 11:00:40
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has declared 4,555 realty projects as "lapsed". In the first phase, MahaRERA will issue notices to developers registered with various developers' bodies, followed by those nearing construction. PUNE: MahaRERA will start issuing showcause...
Maharashtra cabinet approves over Rs 10,000 crore rise in cost of Mumbai Metro Line 3
Publish on : 2022-08-16 10:54:57
The Metro Line 3 is funded by Japan International Cooperation Agency (JICA) which would now increase its contribution from Rs 13,235 crore to Rs 19,924 crore, the deputy CM said. MUMBAI: The newly expanded Eknath Shinde cabinet in Maharashtra approved an additional expenditure of Rs 10,269 crore...
Mumbai: East Indians seek extra FSI to house growing families in gaothans
Publish on : 2022-08-16 10:50:39
Clusters of charming cottages and Portuguese-style homes, some dating back to the 19th century, are the last remaining vestiges of Mumbai’s urban gaothans or villages, now surrounded by high-rise structures. MUMBAI: East Indian families that reside in the city’s over 150 gaothans have been fighti...
Hines forays into Mumbai; to develop nine lakh sq ft office building in tie up with local player
Publish on : 2022-08-16 10:47:02
This building, part of an 8.8-acre mixed-use development, is scheduled to break ground in the first quarter of 2023 and be completed in the fourth quarter of 2025. NEW DELHI: US-based real estate investment firm Hines Ltd has forayed into the Mumbai market and will develop an office building comp...
Pune: Properties with vermicompost pits increase 22% over five years
Publish on : 2022-08-05 11:27:27
As per the property tax department of the PMC, property owners claiming property tax rebates for setting up vermicomposting pits on their premises stood at 31, 263 in 2017-18. This number shot up to 40,952 in 2022-23. PUNE: Residential properties equipped with vermicomposting pits in the Pune mun...
Lodha Group acquires prime land parcel in Pune from Poonawalla Constructions
Publish on : 2022-08-05 11:26:01
Constructions. The deal, for which Lodha has paid stamp duty worth Rs 5.60 crore, was concluded and registered on July 11, showed the documents accessed by ET. Realty developer Lodha Group, listed as Macrotech Developers, has acquired a prime land parcel spread over 1.10 acre in Pune’s Bund Garde...
MahaRERA: builder responsible for real estate agent’s promises
Publish on : 2022-08-05 11:17:06
The MahaRERA on July 4 delivered a landmark judgement after homebuyers Aftab Shaikh and Nilofar Shaikh approached the housing authority with multiple contentions Mumbai: In a ruling that could well set a precedent for home owners in the state and lead to greater accountability in the real estate...
Boost for real estate: AAI allows Navi Mumbai buildings to climb 48 floors
Publish on : 2022-08-05 11:13:59
Owing to the upcoming Navi Mumbai International Airport, there was a height restriction of 55 metres (15-16 floors) on buildings in a radius of 20 km around the airport. That has now been relaxed to 160 metres (48 floors). Representational image of under construction Navi Mumbai Airport. (Picture...

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