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NGT asks if inquiry into green violation held in Mumbai SRA project

Publish on : 2023-03-08 20:05:32

Last year, the NGT had passed an order restraining the builder, Skylark Buildcon and Oberoi Realty, from selling flats in the project’s free sale component till it provided 500 car parks for the slum rehabilitation buildings. MUMBAI: The National Green Tribunal (NGT) told the Slum Rehabilitation...

Over 1,000 builders respond to MahaRERA show-cause notices

Publish on : 2023-03-08 20:04:12

While some developers have informed the regulatory body that they have already completed their projects, others have said they will renew their projects within a month. PUNE: More than 1,000 of the 19,539 developers, who were told to show cause by MahaRERA in the past three months for failing to...

Bombay HC says no stamp duty on redeveloped housing society apartments

Publish on : 2023-03-08 20:00:15

The court has set aside and revoked earlier circulars which contemplate that a Permanent Alternate Allotment Agreement (PAAA) executed between the developer and members of the society requires it to be stamped again even though the development agreement executed between the developer and the society...

Bombay HC warns MLA of contempt for obstructing redevelopment project

Publish on : 2023-03-08 19:59:05

The court was hearing a contempt of court petition filed by SD Corp which is carrying out a redevelopment project in Antop Hill. Of 850 slums categorised as eligible huts by SRA, 820 were given possession of alternative accommodation. MUMBAI: Bombay High Court on Monday threatened to initiate con...

MahaRERA probe finds 1,781 bank accounts linked to multiple projects, issues notices

Publish on : 2023-03-08 19:57:43

The Real Estate (Regulation & Development) Act, 2016, makes it mandatory to have a single bank account for the project under one registration number. This is aimed at proper completion of the registered housing projects without any diversion of funds. 1,781 projects have violated the rules by linkin...

Maharashtra plans to use buildable salt pan lands for rehabilitation & redevelopment

Publish on : 2023-03-08 19:56:24

Unless we use them for rehabilitation or Pradhan Mantri Awas Yojana, we will not be able to speedily develop SRA projects or achieve other rehabilitation projects in Mumbai, said deputy chief minister Devendra Fadnavis MUMBAI: Unless the buildable unnatural saltpan lands are not utilised by apply...

Mumbai: Encroachers lay siege to high-rise in Lower Parel

Publish on : 2023-03-08 19:54:45

The street in question is the same one where the BMC had implemented its ‘green mile’ project, a plan to develop a one-kilometre stretch into an ideal street for the civic ward and set a benchmark for street design. MUMBAI: Residents of the 46-storey Indiabulls Sky in Lower Parel are protesting a...

Lapsed building projects haunt Mumbai homebuyers

Publish on : 2023-03-08 19:51:45

Especially since the city has innumerable tragic stories of families who paid tens of lakhs or even crores to book flats but have been unable to take possession of their homes for years. MUMBAI: For a home buyer, a deep discount offered in an under-construction project is very tempting in the cit...

Pfizer sells leasehold rights of 54-acre land parcel in Thane to Vidhi Research

Publish on : 2023-03-08 19:49:40

Along with this leasehold land parcel in Turbhe, built-up areas of over 3.92 lakh sq ft including pharmaceutical manufacturing unit, warehouses, and other structures constructed over the plot have been transferred. Pharmaceuticals major Pfizer has sold its rights over nearly 54-acre land parcel a...

NCLT approves Suraksha group's bid for Jaypee Infratech

Publish on : 2023-03-08 19:47:05

The ruling, which also comes nearly two years after the Committee of Creditors (CoC) gave its nod for Suraksha group's offer, will pave the way for the completion of more than 20,000 housing units in various stalled projects of Jaypee Infratech Ltd (JIL) spread across Noida and Greater Noida in the...