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Latest News
Consent of 51% flat-buyers must to tweak project, extend deadline: MahaRERA
Publish on : 2021-03-13 17:33:19
The builder will require the consent of at least 51% of the allottees if he wants extension of completion date of the project. The consent will now be required with their names, flat numbers and signatures. MUMBAI: Builders will no longer be allowed to get away with sketchy details or shoddy pape...
Mumbai has the highest construction cost among top six metros: Report
Publish on : 2021-03-13 17:30:45
Hyderabad and Chennai, on the other hand, have the lowest average construction costs where costs are about 14% lesser than Mumbai. NEW DELHI: Mumbai has the highest construction cost among the six metros in India, according to a recent report by JLL India. The cost of construction in Mumbai is on...
Mumbai property registration spike continues, February records 70% growth
Publish on : 2021-03-03 13:21:45
Property registrations in Mumbai have recorded over 70% on-year rise in February, the sixth successive month with significant growth in numbers as the rush among homebuyers to conclude their transactions continued. The real estate market in the country’s financial capital continues to witness sha...
Mumbai: Mhada nets Rs 3.85 crore in rent arrears within a month
Publish on : 2021-03-03 13:15:33
Owners and tenants whose dues were pending for long periods were offered a 60% rebate on interest. Inhabitants of Mhada's transit camps owe Rs 130 crores in rent arrears. MUMBAI: In a significant recovery, Maharashtra Housing and Area Development Authority (Mhada) has received Rs 3.85 crore in re...
Maharashtra clears installment facility for slum rehabilitation authority builders
Publish on : 2021-03-03 13:13:27
The BMC allows developers involved in constructing buildings up to 70 meters in 5 installments. 10% in the 1st instalment and 22.5% in the remaining 4 instalments. MUMBAI: Over a year after top builders working with the BMC, Mhada and other planning authorities got the benefit, the state governme...
Mahindra Lifespace to invest Rs 500 crore in new housing project in Pune
Publish on : 2021-02-23 13:19:37
The company will develop more than 1,000 units in the project 'Happinest Tathawade', which is spread over nearly 7 acres of land. The project will be developed in two phases, with first one comprising over 600 apartments. NEW DELHI: Realty firm Mahindra Lifespace Developers Ltd will invest around...
Lodha Developers plans to raise Rs 2,500 crore with 10% dilution through IPO
Publish on : 2021-02-23 13:16:09
This is the third time the developer is proposing to take the company public with a share sale after attempting the same in 2009 and 2018 and later deferring the issue in the backdrop of unfavorable market conditions. MUMBAI: Mumbai-based realtor Macrotech Developers or erstwhile Lodha Developers...
Kalpataru to invest Rs 300 crore to develop residential project in Mumbai
Publish on : 2021-02-23 13:14:24
The project, spread over 2.4 acres, will comprise of over 400 apartment units across 2BHK and 3BHK configurations and will be developed in two phases. NEW DELHI: Kalpataru will invest Rs 300 crore to develop a residential project-Kalpataru Park Riviera at Panvel, Mumbai, the company said in a med...
Pune civic body offers special 15% discount for diligent property tax payers
Publish on : 2021-02-19 12:45:13
These tax payers will get the discount, which will be available only for residential properties, for 2021-22 . The 15% tax discount is expected to cost the Pune Municipal Corporation (PMC) around Rs60 crore. PUNE: The civic body has offered a special 15% discount to citizens who have diligently p...
Builders consider layout changes of under-construction flats to meet new demands
Publish on : 2021-02-16 11:16:36
Experts said such configurations are also attracting corporates and they have been booking such flats in bulk. Developers are even doing office-like fit outs to accommodate client requests. NEW DELHI: Real estate developers are making or considering changes to layouts of under-construction flats...

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