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Latest News
EOW files case against Paramvir Developers for financial irregularities of Rs 78 crore
Publish on : 2024-02-26 09:47:34
This will be the first time since its formation that the regulatory body registered a complaint with the EOW based on a forensic audit of the project. The EOW has estimated the fraud amount to be Rs 78 crore. MUMBAI: The Economic Offences Wing (EOW) on Friday registered an offense against Par...
Mumbai: Dharavi redevelopment project hits a roadblock over railway land rights
Publish on : 2024-02-26 09:44:38
The Railway Land Development Authority (RLDA) which has signed a lease deed with the Dharavi Redevelopment Project/Slum Redevelopment Authority (DRP/SRA) has refused to allow the land to be sub-leased. MUMBAI: A massive row has broken out over the issue of "ownership" of the 47.5 acres of railway...
Transfer fee capped at Rs 25,000, but South Mumbai societies charge Rs 10-30 lakh for selling flats
Publish on : 2024-02-26 09:42:11
The housing society insisted on a share of the sale amount for its NOC to transfer the flat in the name of the new owner. In another south Mumbai building, a seller paid the society Rs 28 lakh for a 2,850sqft flat, reports Nauzer K Bharucha. MUMBAI: A businessman who recently stitched a deal to s...
Brihanmumbai civic body will monetise its properties: Municipal commissioner
Publish on : 2024-02-12 11:41:00
The corporation will appoint a “world-renowned real estate consultant” to prepare a master plan for its leasehold and tenanted properties spread across the city. MUMBAI: The BMC will carry out cluster redevelopment and monetize its properties, said municipal chief Iqbal Chahal. The corporation...
In posh Mumbai, redevelopment offers locals can’t refuse
Publish on : 2024-02-12 11:39:28
Across the city, in gyms and coffee shops, on promenades and public gardens, the talking point nowadays generally revolves around what the builder is offering from transit rents to compensation charges, extra square feet area, multi-crore corpus funds, and a slew of luxury facilities. MUMBAI: Swi...
Bombay HC permits redevelopment of Bandra building that collapsed in 1998
Publish on : 2024-02-12 11:36:14
Govinda Tower was constructed on a Mhada-leased plot by Apex Gas Services Pvt Ltd. Initially, four floors were proposed and then three were added. MUMBAI: Bombay High Court has cleared the decks for the redevelopment of a 7-storeyed building at Kherwadi, Bandra (E), that had collapsed over 25 yea...
Maharashtra to take salt pan lands from Centre on lease for Dharavi redevelopment
Publish on : 2024-02-12 11:33:47
The proposal, moved by the state housing department, was approved at a state cabinet meeting chaired by Chief Minister Eknath Shinde here, an official statement said. MUMBAI: The Maharashtra cabinet on Monday cleared a proposal related to the Dharavi slum redevelopment project, under which 283.40...
WSBREDF II invests Rs 55 crore in Shapoorji Pallonji Real Estate's project in Mumbai
Publish on : 2024-02-12 11:30:29
BKC 9, set on a 0.41-acre plot, is a collaborative effort between Shapoorji Pallonji Real Estate and Vakratunda Buildcon (VBPL). NEW DELHI: WSB Real Estate Debt Fund II (WSBREDF II) has invested Rs 55 crore in Shapoorji Pallonji Real Estate's (SPRE) project-BKC 9, situated in Bandra East, Mumbai....
Maharashtra government not to hike property tax in Mumbai
Publish on : 2024-02-12 11:26:27
A proposal to maintain the status quo on the property tax was moved by the urban development department and cleared at a weekly cabinet meeting chaired by Chief Minister Eknath Shinde here. MUMBAI: In a relief to Mumbai residents, the Maharashtra cabinet on Monday decided not to increase the prop...
Suvita Real Estates plans NCD issue to raise Rs 105 crore
Publish on : 2024-02-12 11:23:43
The bonds have step-up pricing such that the real estate company will pay investors 17.25% for 12 months and 20.25% between 13 and 15 months, stated a term sheet circulated by the company. At the same time, the company will have the right to redeem the bonds at the end of 12 months. In the event of...

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