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Mumbai sees record house registrations
Publish on : 2021-01-08 17:52:01
Last week’s 2,328 sale deed registrations generated Rs 59.88 crore revenue In just the last seven days of January 2021, about 2,328 houses --conveyance (sales) have been sold out in Mumbai alone, generating a revenue of Rs 59.88 crore through stamp duty to the government. Similarly, in the whole of...
Maharashtra cabinet approves 50% reduction in premium for real estate projects
Publish on : 2021-01-08 17:48:50
Maharashtra cabinet approves 50% reduction in premium for real estate projects under the new DCPR rule 2034 across the board for on-going and new projects upto December 31, 2021. NEW DELHI: Maharashtra cabinet on Wednesday approved 50% reduction in premium for real estate projects under the new D...
Over 500 SRA projects failed to take off in 15 years in Mumbai: Report
Publish on : 2021-01-05 12:52:02
According to SRA data, there are 2,131 ongoing projects in the city where slum schemes have submitted, of which 1,602 have already received the letter of intent (LOI). MUMBAI: Even as the state government is pushing for the redevelopment of slums, a recent SRA review report has revealed that as m...
Stamp duty waiver helped Maharashtra's revenue grow by Rs 367 crore
Publish on : 2021-01-05 12:46:14
"In four months, the registration of documents rose by 4.11 lakh, or 48.73 per cent, giving the state exchequer higher revenue of Rs 367.73 crore, a rise of 3.97 per cent," Revenue Minister Balasaheb Thorat said. The Maharashtra government's revenue from registration of documents rose by Rs 367 c...
Mumbai: Civic body to restore property tax on sub-500 sq ft housing units
Publish on : 2021-01-05 12:44:50
There are 1.85 lakh dwelling units in the city that are less than 500 sq feet in size. The BMC annually earns Rs 360 crore from these units as property tax, which constitutes eight components including general tax. MUMBAI: Dwelling units in Mumbai of less than 500 sq feet will soon attract higher...
Mumbai: Court says OC is builder's job, acquits 80-year-old BMC wanted to evict
Publish on : 2021-01-05 12:42:00
The court said that under provisions of the act no building which is being used as a human dwelling should be entered without the consent of the occupier and in the absence of giving a written notice. MUMBAI: Acquitting an 80-year-old Mulund man who failed to comply with the eviction notice issue...
FIR against Sai Estate Consultants' Amit Wadhwani, others after builder alleges extortion
Publish on : 2020-12-22 19:35:56
Sanjay Devnani of Pardis Construction told police he used services of Wadhwani’s Sai Estate to sell properties in 2015-17 but as it did not yield good results he discontinued the services. MUMBAI: An FIR was filed on Thursday against Amit Wadhwani of Sai Estate Consultants and Lalit Tekchandani a...
Oberoi Realty buys out Sahana Group's stake in Worli hotel for Rs 1,040 crore
Publish on : 2020-12-22 19:34:26
The developer has purchased and taken possession of the under-construction hotel property on Dr. Annie Besant Road through its wholly-owned subsidiary Evenstar Hotels, the company said in a regulatory filing. MUMBAI: Realty developer Oberoi Realty has bought out its partner Sudhakar Shetty-led Sa...
Who'll be next MahaRERA chief?
Publish on : 2020-12-22 19:00:13
Maharashtra was the first state to set up a real estate regulatory authority and had appointed 1982 batch IAS officer Gautam Chatterjee as the first head. MUMBAI: With the post of Maharashtra Real Estate Regulatory Authority (MahaRERA) chief falling vacant in February, two senior IAS officers - C...
Maharashtra: Property registrations from Sept to Nov highest for these months in 4 years
Publish on : 2020-12-22 18:58:29
The distant second for the corresponding period in the past four years is the figures of 2018, when a total of 5,71,326 properties were registered from September to November. PUNE: Property registrations in the state in three months from September to November this year was highest in comparison t...

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