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Maharashtra government's slum policy strange as it encourages encroachments: Bombay HC
Publish on : 2024-06-13 12:00:19
In a judgment passed on Tuesday, a division bench of Justices Girish Kulkarni and Jitendra Jain said the state's policy has resulted in large pockets of land being siphoned out from the state pool. MUMBAI: The Bombay High Court has termed as strange the Maharashtra government's slum policy under...
Four booked for duping people of over Rs 1 crore in land deals in Navi Mumbai
Publish on : 2024-06-03 12:04:53
According to the police, the accused allegedly cheated nine persons of more than Rs 1 crore over the last eight years, the accused offered land for sale at Mosare in Panvel and produced fabricated documents of agreement with the original owners of the plots. THANE: A case has been registered agai...
Shahid Kapoor buys apartment in Mumbai’s Worli for Rs 60.4 crore
Publish on : 2024-06-03 11:59:44
The apartment spread over 6,176 sq ft on the 24th floor of the Three Sixty West project on Dr. Annie Besant Road is the second such deal concluded by the actor in this luxury residential tower. Bollywood actor Shahid Kapoor and his wife Mira Kapoor have bought a sea-view luxury apartment in a sup...
Sheth Realty invests 150 crore on residential project in Mumbai
Publish on : 2024-06-03 11:57:24
The total project cost is estimated at around Rs 500 crore. Sheth Realty expects a topline of approximately Rs 1,000 crore from the project. NEW DELHI: Sheth Realty has invested around Rs 150 crore on a residential project Younique in Sion, Mumbai. It is being developed in a joint venture with Aa...
Transit rent paid by builder not income, can't be taxed: Bombay HC
Publish on : 2024-06-03 11:54:38
It cannot be taxed in the hands of the recipient. Thus, the question of deduction of tax at source (TDS) by the developer from the amount payable to the flat owner/tenant does not arise, it said. MUMBAI: In a landmark decision, Bombay HC has held that transit rent, which is paid by a developer to...
Godrej & Boyce sells 58,500 sq ft office space in Mumbai’s Vikhroli to Godrej Industries
Publish on : 2024-06-03 11:48:23
The office space on the 9th floor has already been leased to managed flexible workspace provider Simpliwork Offices for a period of 60 months until March 31, 2026. This lease will also be transferred to Godrej Industries as the new landlord, showing the documents accessed through Propstack. God...
Prestige Estates Projects' net profit dips 53.32% in Q4 FY24
Publish on : 2024-06-03 11:45:45
Prestige Estates Projects' net consolidated total income stood at Rs 2,232.50 crore in Q4 FY24, a dip of 24.01 percent from Rs 2,938 crore it recorded in a similar quarter last year. NEW DELHI: Prestige Estates Projects has reported a dip of 53.32 percent in its net consolidated profit during the...
Mhada declares list of 20 dangerous buildings in Mumbai
Publish on : 2024-06-03 11:41:38
The board has appealed to occupants to vacate the buildings and avoid loss of life and property. It has urged them to notify the 24/7 control room at Tardeo of danger or accidents at 022-2353 6945, 022- 2351 7423, and 93216 37699. MUMBAI: Housing board Mhada has declared the annual list of 20...
Properties registration in Mumbai up 22% in May: Knight Frank
Publish on : 2024-06-03 11:37:52
Citing Maharashtra government data, Knight Frank India said Mumbai city (an area under BMC jurisdiction) recorded around 12,000 property registrations last month as against 9,823 units in May last year. NEW DELHI: Registration of properties in the Mumbai municipal region increased 22 percent duri...
High-rise buildings in Mumbai to increase 34% by 2030: Anarock
Publish on : 2024-06-03 11:35:22
Mumbai metropolitan region currently has 361 high-rise towers of over 40 floors each. Of these, 154 have already been completed and over 207 are scheduled to be completed between 2024 and 2030. NEW DELHI: The Mumbai metropolitan region (MMR) will see 34 percent growth in skyscrapers with over 40...

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