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Mumbai: Mhada to redevelop Patra chawl, tenants to get rent arrears too
Publish on : 2021-07-13 11:19:23
The state housing department issued a government resolution (GR) directing Mhada to complete the stalled redevelopment and hand over tenements to the 672 tenants and the 306 citizens who had won allotments through the authority’s lottery system. MUMBAI: The Maharashtra Housing Area Development Au...
Maharashtra doubles builder bonanza in redevelopment schemes
Publish on : 2021-07-13 11:14:17
In what property market sources called a major bonanza, builders will now be entitled to receive 75% to 100% more incentive area to sell in the open market compared to the existing 50% to 70%. MUMBAI: A new state urban development department notification offers builders virtually double the exist...
Bombay HC grants relief to Reliance Industries in BKC land development case
Publish on : 2021-07-13 11:11:09
As per the court ruling, the RIL had paid a total of Rs 4,005 crore between September 2006 and July 2007 to MMRDA in tranches to acquire the rights to develop a convention & exhibition centre and a commercial complex in the business district BKC area. In a partial relief to Reliance Industries (R...
Pune: PMRDA to finish drafting development plan for 23 merged areas
Publish on : 2021-07-09 12:54:52
The Pune Metropolitan Region Development Authority (PMRDA) will complete the Development Plan (DP) for the 23 villages merged with the Pune Municipal Corporation (PMC) limits PUNE: The Pune Metropolitan Region Development Authority (PMRDA) will complete the Development Plan (DP) for the 23 villag...
South Mumbai plot dereserved, SRA option opens up for Esarac Construction
Publish on : 2021-07-09 12:52:30
The sea-facing plot, close to Priyadarshini Park, is encroached by around 650 shanties and is owned by a private developer, Esarac Construction. MUMBAI: The state urban development department has removed the reservations for a garden/park and green belt on a prime 2.5-acre Nepean Sea Road plot in...
Mumbai witnesses large scale appointments of independent administrators in housing societies
Publish on : 2021-07-09 12:50:44
This has raised eyebrows among the members of hundreds of societies that are due for redevelopment as many builders and contractors have allegedly taken undue advantage of the situation. MUMBAI: For over a year the Mumbai Metropolitan Region (MMR) is suddenly witnessing on large scale the appoint...
Building permits fetch Pune civic body Rs 278 crore during second wave
Publish on : 2021-07-06 12:56:41
Applications for building permission have also increased substantially from 30 between April and June last year to 175 during the same period this year, civic officials said. PUNE: The Pune Municipal Corporation (PMC) has registered a 14-fold jump in revenue from building permissions — from Rs20c...
SWAMIH fund sanctions Rs 200 crore for Mumbai, Thane, Jaipur projects
Publish on : 2021-07-06 12:54:10
Of this, the project being built by Raghvendra Constructions in Mumbai’s Goregaon suburb has nearly 200 apartments, including 70 tenants. The project in Thane by Arvij Builders has 100 apartments including tenants and new homebuyers. The government-backed last mile fund under the Special Window f...
ED arrests Monarch Universal Group's director for money laundering
Publish on : 2021-07-06 12:52:02
Monarch Universal Group's Director Gopal Amarlal Thakur was nabbed on Thursday and produced before a Special PMLA Court which sent him to ED custody till July 8. MUMBAI: The Enforcement Directorate (ED) has arrested a prominent Navi Mumbai builder in a case pertaining to money laundering of Rs 50...
MahaRERA orders ITMC Developers to pay interest for moratorium period
Publish on : 2021-07-06 12:49:26
This is what MahaRERA did in a recent case when it ordered the Kandivali-based ITMC Developers to pay interest for the delay in delivering its SRA project at Vikhroli, called Sapphire 1. BY: Ateeq Shaikh MUMBAI: Did your developer miss the residential project deadline before the pandemic? If y...

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