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Latest News
Bombay HC issues advance contempt notice against slippery builder
Publish on : 2022-09-22 11:29:29
Jitendra Jain of Kamla Shanti Developers Pvt Ltd had "cheated and defrauded" a couple by taking Rs 2.8 crore for a 4 BHK flat at Khar (W) but selling it to another. MUMBAI: In a rare move, the Bombay high court has issued a contempt notice three months ahead of a possible default by a builder not...
Nykaa E-Retail leases over 55,000 sq ft office space in Mumbai's Lower Parel
Publish on : 2022-09-22 11:27:22
The company, listed on stock exchanges as FSN E-Commerce Ventures, will be paying rentals of Rs 69 lakh per month, taking its total payout to Rs 41.40 crore excluding the rental escalation. The agreement includes a clause to escalate lease rentals by 15% after the first 36 months. Nykaa E-Retail,...
Maharashtra: Citizens set to get ULPIN & property cards from September 19
Publish on : 2022-09-22 11:23:57
The state settlement commissioner, N K Sudhanshu said the existing 3 crore documents, comprising 2.6 crore 7/12 extracts and 70 lakh property cards, had been issued the Unique Land Parcel Identification Number (ULPIN) and revenue department officials were checking them. PUNE: The state settlement...
Avenue Supermarts' CEO buys two flats in Mumbai from Rustomjee for over Rs 66 crore
Publish on : 2022-09-22 11:19:27
The couple has bought these apartments spread over a total 8,379 sq ft from real estate developer Rustomjee Group's subsidiary Keystone Realtors in its project Rustomjee Seasons in Bandra (East) close to the Mumbai's business district of Bandra-Kurla Complex (BKC). Ignatius Navil Noronha, the chi...
DB Realty's subsidiary looks to sell Mumbai land for Rs 480 crore
Publish on : 2022-09-22 11:16:42
Agreement for sale has not been been entered into. The proposed transaction is subject to customary diligence and necessary approvals and is expected to close within 60 to 90 days, it said. NEW DELHI: Esteem Properties, wholly owned subsidiary of DB Realty, has entered into a non-binding term she...
Maharashtra government cancels all GRs related to redevelopment of Mhada buildings
Publish on : 2022-09-22 11:12:59
All the GRs pertained to the requirement of a prior no-objection certificate from the state government for carrying out redevelopment. MUMBAI: The Eknath Shinde–Devendra Fadnavis government has cancelled all government resolutions issued by the Maha Vikas Aghadi with regard to the redevelopment o...
Mumbai: Slum rehabilitation authority warns builders over rent dues
Publish on : 2022-09-22 11:07:09
According to estimates, at least 50,000 families haven't got rent for several months, in some instances even years, in these 150 projects. MUMBAI: Publishing a list of 150 slum rehabilitation projects in the city where tenants have not been paid rent for months or even years, the Slum Rehabilitat...
Maharashtra government to invite fresh bids for Dharavi redevelopment project
Publish on : 2022-09-22 11:05:29
This decision taken by the cabinet headed by Chief Minister Eknath Shinde for the Dharavi Redevelopment project also entails formation of a Special Purpose Vehicle (SPV) for one of the major infrastructure projects in the city. MUMBAI: The Maharashtra cabinet on Wednesday decided to invite fresh...
Avendus Capital leases 1 lakh sq ft in Mumbai's BKC
Publish on : 2022-09-22 11:03:09
The company will be paying average monthly rentals of Rs 278 per sq ft including the rental escalation over the total tenure of the lease, taking its total pay out to around Rs 153.44 crore during the entire term. Financial services group Avendus Capital has picked up nearly 1 lakh sq ft office s...
Builder booked for selling redevelopment flat to third party in Mumbai
Publish on : 2022-09-13 12:18:14
According to the complainant, the builder carried out the redevelopment of their old building and handed over 35 flats to their original owners except the complainant. The builder allegedly sold the comaplainant's flat to a third party, causing him a loss of Rs 2 crore. MUMBAI: The Chembur police...

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