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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...

J Kumar Infraprojects' MD buys two bungalows in Mumbai for Rs 50 crore

Publish on : 2023-02-02 12:06:42

Both the bungalows spread over 5,650 sq ft cumulative built-up area are part of a housing society. Gupta has acquired the said property, which has been constructed on a land parcel spread over one-fifth of an acre, with his wife Shalini. Construction company J Kumar Infraprojects’ Managing Dire...

Lack of checks at construction sites kicks up dust, makes Mumbai ill

Publish on : 2023-02-02 12:05:14

A large number of Mumbaikars are now complaining about dust from construction sites polluting the air they breathe. In fact, a 2020 study by NEERI and IIT-B clearly showed road or construction dust as the source of over 70% of the particulate matter (PM) load in Mumbai’s air. MUMBAI: Vakola resid...

Mumbai: BMC property tax kitty still 45% short of year's target

Publish on : 2023-02-02 12:01:58

The targeted property tax collection for the year as announced in the civic budget 2022-23 by the BMC chief was Rs 7,000 crore. This means around 55% of the targeted property tax has been collected for the year. MUMBAI: With two months left for the financial year to end, property tax collections...

Maharashtra CM announces 300 km metro network in two years

Publish on : 2023-02-02 11:59:25

"We are working towards completing work on nearly 300km of metro network here which would be made operational in the next two years. The work on line 3 will also start soon,” said Shinde. THANE: Nearly 300km of metro network lines will be made operational in phases in the coming 1.5-2 years and t...

Registration of properties in Mumbai city up 7% to 8,694 units in January: Knight Frank

Publish on : 2023-02-02 11:57:48

Property consultant Knight Frank India said that Mumbai city (area under BMC jurisdiction) saw property sales registration of 8,694 units in January 2023, contributing over Rs 658 crore to the state revenues. NEW DELHI: Registration of properties in Mumbai city rose 7 per cent year-on-year during...