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Latest News
BMC may opt for online auction of properties
Publish on : 2021-02-16 11:14:13
In the current financial year, attachments, auctions and disconnection of water supply were prolonged owing to Covid-19, said BMC commissioner Iqbal Singh Chahal in his 2021-22 budget speech earlier this month. MUMBAI: With the Covid-19 scare still looming in the city, the BMC is considering onli...
CIDCO to auction 106 plots in Navi Mumbai for residential development
Publish on : 2021-02-13 12:27:03
Any entity including the citizens, builders, small or big developers looking to develop bungalows, row houses and residential buildings can bid for these plots through e-auction. MUMBAI: The government of Maharashtra’s city planning authority the City and Industrial Development Corporation (CIDCO...
Consent of two-thirds of buyers must for changes in building plan: MahaRERA
Publish on : 2021-02-10 12:11:04
MahaRERA member B D Kapadnis directed the builder to pay the complainant 9% simple interest on the Rs 1 crore that was paid in April 2014 till handing over the possession of seven shops in a redevelopment project at D N Nagar in Andheri (W). MUMBAI: The Maharashtra Real Estate Regulatory Authorit...
Mumbai: Residents protest navy's restrictions on building heights
Publish on : 2021-02-10 12:09:34
Naresh Palande, a resident of Ghatkopar East, said, “I am told that more than 177 redevelopment projects are stuck. In our building, the builder has completed 12 storeys, and the navy has suddenly issued a ‘stop work’ notice.’’
BMC allocates Rs 500 crore to develop 12,000 homes for conservancy workers
Publish on : 2021-02-10 12:08:04
BMC in its budget has once again floated Ashray Yojana (shelter scheme), its dream scheme to provide housing to its conservancy workers, with municipal commissioner Iqbal Chahal making an allocation of Rs 500 crore. MUMBAI: BMC in its budget has once again floated Ashray Yojana (shelter scheme),...
BMC banks on property tax and pending dues to boost revenue
Publish on : 2021-02-05 12:46:44
Since the BMC's revenue from the building proposal department was badly hit due to the lockdown, it is depending on property tax collection to increase its yearly earning. MUMBAI: Since the BMC's revenue from the building proposal department was badly hit due to the lockdown, it is depending on p...
Maharashtra may not extend stamp duty waiver
Publish on : 2021-02-02 12:08:07
Maharashtra revenue minister Balasaheb Thorat told TOI that the government had announced the stamp duty waiver to give a boost to the ailing realty sector. PUNE: The state government is unlikely to extend the stamp duty waiver of 2% beyond March because of revenue losses. Maharashtra revenue m...
Maharashtra set to get website to track conveyance deed applications
Publish on : 2021-02-02 12:06:25
With several webinars and meetings organized by the department and personal visits to nearly 13,000 societies in the city, he explained that the website will ensure easy tracking of applications. PUNE: Commissioner of cooperation and registrar of cooperative societies Anil Kawade has confirmed th...
Mumbai property registration momentum continues; up 69% in January
Publish on : 2021-02-02 12:04:35
Up 75% from pre-COVID February performance; highest number of registrations witnessed in the month of January since 2012 Property registration in Mumbai, the country’s biggest real estate market, has continued its momentum in January led by the cumulative impact of all-time low home loan rates, d...
Bengaluru development body neck-deep in rent crisis worth Rs 40 crore
Publish on : 2021-02-01 11:28:35
According to BDA chairman SR Vishwanath, shop owners in Indiranagar shopping complexes are yet to pay Rs 14.4 crore rent pending for the last few years. Similarly, a few shop owners from HSR layout have not paid rent amounting to Rs 10 crore. BENGALURU: Bangalore Development Authority (BDA) is ye...

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