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No development charge for projects developed on government land: Bombay HC
Publish on : 2022-10-27 14:15:14
The bench dismissed 103 petitions filed mainly by builders and housing societies with development or redevelopment projects across the city on civic or state land. MUMBAI: The Bombay high court on Thursday held that a law in Maharashtra governing town planning does not exempt builders from paymen...
Asian Paints leases over 1.2 lakh sq ft of office space in Mumbai
Publish on : 2022-10-27 14:13:42
Asian Paints has leased the space for a total tenure of nine years including a lock-in period of five years. The paints major is expected to pay more than ₹166.32 crore as rentals over the total tenure of the lease excluding any rental escalations and maintenance charges. Asian Paints, the countr...
Mahindra Lifespace eyes society redevelopment projects in Mumbai; to develop data centres
Publish on : 2022-09-28 12:59:27
Realty firm Mahindra Lifespace Developers expects to bag two society redevelopment projects in Mumbai this fiscal and is also looking to develop data centres as part of expansion plans, according to its Managing Director Arvind Subramanian. Mahindra Lifespace Developers Ltd, which is the real estate...
Mumbai Residential Real Estate Market On An Upswing In Q2 FY 2022
Publish on : 2022-09-28 12:56:12
The demand for residential units in Mumbai and the Mumbai Metropolitan Region is on an upswing for the second straight quarter of FY 22. As many as 20,000-plus new units were launched across the region, with the demand being the highest in the Rs 60 lakh to Rs 1 crore range The residential real e...
Maharashtra government focuses on e-registration of properties
Publish on : 2022-09-28 12:53:02
More realtors registered with Maharashtra Real Estate Regulatory Authority (MahaRERA) would soon get the software following due checks, a senior property registration official said on Thursday. PUNE: The property registration department has in the run-up to Dasara and Diwali reached out to more d...
Ulhasnagar: Building declared 'dangerous', yet five flats were occupied
Publish on : 2022-09-28 12:51:47
Over the past 12 years, 38 buildings in Ulhasnagar have collapsed, some partially, killing 42 people and leaving at least 5,000 homeless. MUMBAI: In the latest instance of slab collapse in a Ulhasnagar building, three members of the Dhanwani family lost their lives. The deceased persons have been...
Maharashtra: SC clarifies eco-sensitive zone curbs, relief for developers
Publish on : 2022-09-28 12:49:46
In a relief to developers and flat-buyers, the Supreme Court has upheld the eco-sensitive zone (ESZ) notifications for the Sanjay Gandhi National Park (SGNP) in 2016 and for the Thane Creek Flamingo Sanctuary in 2021. MUMBAI: In a relief to developers and flat-buyers, the Supreme Court has upheld...
Mumbai: Land ownership transfer & redevelopment issues haunt societies as they rush to complete audits
Publish on : 2022-09-28 12:47:14
According to them due to covid several societies took time till March this year to clear their audit for earlier fiscal 2020-21 and thus have backlog for recently ended fiscal to be cleared. MUMBAI: The cooperative housing societies in Mumbai have requested the state to extend the deadline for ho...
EY India renews lease for 40,330 sq ft office space in Mumbai's Dadar
Publish on : 2022-09-28 12:45:51
The firm will be paying a total nearly Rs 20 crore as rentals for this office during the entire tenure of the lease based on monthly rentals of Rs 165 per sq ft. Professional services firm EY India has renewed its lease for an office spread over 40,330 sq ft on an entire floor at commercial tower...
MahaRERA brings in more checks to register projects
Publish on : 2022-09-28 12:44:37
Currently, the state has 37,823 Real Estate (Regulation and Development) Act-registered projects. However, applications for 1,096 projects are in the process of finalisation, an official from the Maharashtra Real Estate Regulatory Authority (MahaRERA) said. PUNE: Builders registering their projec...

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