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Maharashtra: Curbs pull down property registrations & revenue by 60%
Publish on : 2021-05-21 17:17:10
Registration officials said the drop in registrations alone for the first 45 days was about 65% as compared to March this year. PUNE: Maharashtra has recorded nearly 60% drop in registration of property documents, as well as revenue, in the first 45 days of the current financial year as against p...
India's flexible space segment to grow by 10-15% in next three years: Report
Publish on : 2021-05-19 12:21:45
The report highlights that as of Q1 2021, Bengaluru holds a flex stock of 11.6 million sq ft which is the maximum in the country, followed by Delhi-NCR at 6.6 million sq ft and Hyderbad at 5.7 million sq ft. NEW DELHI: India's flexible space stock is expected to grow by 10-15% year-on-year from t...
Mhada to sell undisbursed flats obtained by Maharashtra under discretionary quota
Publish on : 2021-05-19 12:19:39
The state cabinet approved a slew of decisions on development on land under the erstwhile Urban Land Ceiling Act, where developers have not paid the government its dues. MUMBAI: Flats obtained by the state government under its discretionary quota which have not been disbursed will now be handed o...
Yes Bank to sell property of E Commerce Magnum Solution for recovery of Rs 345 crore
Publish on : 2021-05-19 12:17:57
In an e-auction sale notice, Yes Bank said it took physical possession of the immovable properties mortgaged to it on August 29, 2020 pursuant to a demand notice issued to the borrower and mortgagor in January 2020. NEW DELHI: Yes Bank has invited bids for sale of immovable assets of a borrower,...
Maharashtra sitting on provision to appoint chartered electrical safety engineers
Publish on : 2021-05-19 12:16:18
Experts want statutory weightage to these standard uses in Housing Societies Act so that punitive actions can be taken on owners and societies for not following them. MUMBAI: It's almost six years to the central electricity authority (CEA) enacting a provision to appoint chartered electrical safe...
Maharashtra plans SRA area in Aarey despite HC stay on construction
Publish on : 2021-05-13 12:27:55
The SRA has also decided to declare similar areas in Dindoshi and Malad (E). Satish Lokhande, SRA CEO, said: “We have issued the notice inviting objections and suggestions.” MUMBAI: The Slum Rehabilitation Authority (SRA) has announced its intention to declare 32,310 sq ft in Aarey Colony as a sl...
Prime offices' rental slips 8% in Bengaluru; Mumbai records 6.2% drop in Q1 2021
Publish on : 2021-05-13 12:26:08
In its Asia-Pacific Prime Office Rental Index Q1, 2021 report, the consultant said the prime office rents in the national capital region (Delhi-NCR) declined by only 1 per cent during January-March this year as against the same period of 2020. NEW DELHI: Rentals of prime offices in Bengaluru and...
Pune: Goel Ganga Developers' director booked for rioting
Publish on : 2021-05-06 12:07:20
According to the complaint, Beg has ancestral land in Kharadi that he gave for development to the Goel Ganga Group. He signed a contract with Jayprakrash Goel, Atul Goel and Amit Goel in 2006. PUNE: Goel Ganga Developers India Private Limited director Amit Goel was booked for rioting and allegedl...
Tree authority's approval mandatory for any construction in Pune
Publish on : 2021-05-06 12:05:38
The developers who deposit a few thousands rupees in lieu of the chopped trees, were preferring to forfeit the cash amount which is very negligible compared to the cost and profit involved in the projects. PUNE: Under the Maharashtra (Urban Areas) Preservation of Trees Act, 1975, it is mandatory...
Only about 700 new properties registered in Mumbai in April 2021: Report
Publish on : 2021-05-06 12:02:49
Only 7 per cent of 10,000 residential property registrations in April 2021 were from new residential sales concluded in the same month, while 93 per cent of the registrations were from properties transacted between December 2020 to March 2021, it said. MUMBAI: The second wave of Covid-19 and the...

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