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Relief to flat buyers of stuck projects, Rs 101 crore recovered from builders: MahaRERA
Publish on : 2023-02-07 13:44:15
MUMBAI: Follow-ups on compensation orders for flat buyers has resulted in recovery of Rs 101 crore from developers in Maharashtra, the real estate regulator for the state said on Thursday. Maharashtra Real Estate Regulatory Authority (MahaRERA) regularly passes orders against developers who have...
Oberoi Realty buys 63 residential units in luxury housing project in Mumbai
Publish on : 2023-02-07 13:34:32
In a regulatory filing, Oberoi Realty said its shareholders had in December approved purchase/ acquisition of residential premises in the project 'Three Sixty West' constructed by Oasis Realty for up to Rs 4,000 crore. NEW DELHI: Mumbai-based Oberoi Realty has bought 63 residential units comprisi...
Damanis buy 24 luxury apartments for Rs 1,500 crore in Worli, Mumbai
Publish on : 2023-02-07 13:32:32
The Damanis' sea-view apartments are in the Three Sixty West project on Dr Annie Besant Road and were purchased from the Sahana Group, which had formed a joint venture with Oberoi Realty to develop the property. DMart retail chain founder Radhakishan Damani and his family have purchased 24 luxury...
MREAT orders Runwal Greens' promoter to pay home buyers for delayed possession
Publish on : 2023-02-07 13:25:50
The MREAT has stated that an allottee is neither required nor expected to record that he accepted revised dates of possession without prejudice to his right to claim interest. MUMBAI: The Maharashtra Real Estate Appellate Tribunal (MREAT) has set aside an order passed by MahaRERA in 2020 and has...
NRI businessman Jai Mahtani buys flat in South Mumbai for over Rs 83 crore
Publish on : 2023-02-07 13:13:53
The deal for the apartment, spread over a carpet area of 5,211 sq ft, is valued at around Rs 1.60 lakh per sq ft, making it one of the costliest property transactions in the country. The buyer has paid Rs 5 crore in stamp duty charges alone for the registration of the deal. Non-resident Indian bu...
EOW, Mumbai cops give clean chit to Pashmina Reality in cheating case
Publish on : 2023-02-07 13:06:10
Ashok Mohanani, chairman of Ekta Housing, had in October last year lodged an FIR against Pashmina Realty and its directors Rajendra Singh, Kishore Koticha, Amit Jha, Preet Koticha and Rajesh Turakhia for inducing him to redevelop the prime property by presenting a rosy picture. MUMBAI: The Econom...
SC upholds Bombay HC order protecting residents' right to form CHS
Publish on : 2023-02-07 13:03:57
Rusabh Shah, chief promoter of New Pushpanjali Co-operative Housing Society (proposed) in Prabhadevi, had filed a petition against developer Avarsekar & Sons in 2018. Shah had challenged a rejection of the proposed society's plea to be registered as a CHS. MUMBAI: The Supreme Court had last month...
Deemed conveyance for new cooperative housing societies gets 'dismal' response in Maharashtra
Publish on : 2023-02-04 17:27:47
Conveyance is the ownership right to the building and the plot on which the structure is built. Deemed conveyance is obtained through the competent authority if the developer does not give it. PUNE: The state cooperative department received only 101 applications for deemed conveyance from newly-r...
Relief to flat buyers of stuck projects, Rs 101 crore recovered from builders: MahaRERA
Publish on : 2023-02-04 17:26:09
Maharashtra Real Estate Regulatory Authority (MahaRERA) regularly passes orders against developers who have not delivered on projects and follows up on them by sending warrants for recoveries to district collectors, it said in a statement. MUMBAI: Follow-ups on compensation orders for flat buyers...
Capital gains deduction limit of Rs 10 crore to hurt luxury property deals
Publish on : 2023-02-04 17:23:54
The move is also likely to impact redevelopment projects in high-value realty markets such as south Mumbai and a few localities in Delhi, said tax experts, although realty developers didn’t agree. Demand for super-luxury real estate is likely to be hit by the budget move to limit the deduction fr...

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