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Prevent builders from taking advance maintenance: Mumbai Grahak Panchayat

Publish on : 2023-02-16 19:15:16

It also asked the authority to ensure the formation of cooperative housing societies after more than half the homebuyers have booked flats. PUNE: State consumer body Mumbai Grahak Panchayat (MGP) has sought directions from MahaRERA chairman Ajoy Mehta to prevent promoters from collecting advance...

MahaRERA to train 39,000 real estate agents in Maharashtra

Publish on : 2023-02-16 19:12:54

MahaRERA plans to complete the training, which has been made mandatory for agents, by September, said its nodal officer Sanjay Deshmukh at a session here organised for the first batch of the property agents. THANE: Maharashtra Real Estate Regulatory Authority (MahaRERA) will train 39,000 real est...

Bombay HC quashes SRA notice to cancel 517 slum projects

Publish on : 2023-02-11 13:02:35

The high court bench of Justice G S Patel and Justice S G Dige ruled that the notice which was issued was, "Entirely outside the frame of the law and not issued in accordance with law." MUMBAI: In an embarrassment for the Slum Rehabilitation Authority (SRA), the Bombay high court has quashed a no...

Navi Mumbai: 40 years on, no headway in housing project in Chiplun

Publish on : 2023-02-11 12:55:33

Under the agreed 40:60 formula, 40 per cent of the developed land was to be returned to the farmers while Mhada was to carry out development works on their 60 per cent land. The prime land is located along the Mumbai-Goa highway. NAVI MUMBAI: Over 12-acre land purchased for Mhada housing project...

NCLT allows MHADA plea over its Patra Chawl land

Publish on : 2023-02-11 12:52:33

The NCLT said, it appeared that Guruashish “has violated the joint development agreement (JDA) …’’ and MHADA was well within its rights to terminate the arrangement with the builder. MUMBAI: In major relief to MHADA in the Patra Chawl redevelopment matter the National Company Law Tribunal (NCLT)...

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...