June 13th, 2023 NEWS

Bajaj Housing Finance extends home loan tenure to 40 years

Publication: financialexpress.com| Date : June 13th, 2023
Bajaj Housing Finance has extended its maximum home loan tenor to 40 years from 30 years for salaried applicants, who are new home buyers....

June 12th, 2023 NEWS

Flat sizes shrinking in Mumbai Metropolitan Region and Chennai: Anarock report

Publication: moneycontrol.com| Date : June 12th, 2023
While the average flat size in the top seven cities increased by 5 percent annually...

June 10th, 2023 NEWS

Undersea rail tunnel set to be built in Thane Creek

Publication: mid-day.com| Date : June 10th, 2023
India's first 7-km-long undersea rail tunnel is set to be constructed in Thane Creek...

June 8th, 2023 NEWS

Thane: TMC Collects Record Property Tax Of ₹200 Crore In Just 66 Days

Publication: rprealtyplus.com| Date : June 8th, 2023
The Thane Municipal Corporation (TMC) has collected a record property tax of ₹200 crore...

June 6th, 2023 NEWS

Asia’s largest cluster development scheme in Thane city

Publication: rprealtyplus.com| Date : June 6th, 2023
The eagerly anticipated inauguration ceremony of the most ambitious and monumental cluster development scheme in not just the country but also in Asia is set to take place on Monday, June 5th...

June 6th, 2023 NEWS

Rising Demand And New Launches Fuel Thane's Real Estate

Publication: timesproperty.com| Date : June 6th, 2023
Thane has emerged as a self-sustainable locality, providing good quality of life to its residents not only because of its rapidly evolving real estate market, but also due to the active participation of the citizens...

June 6th, 2023 NEWS

Thane Cluster Development Scheme: CM Shinde To Launch One Of The Largest Urban Renewal Projects In Greater Mumbai Today

Publication: swarajyamag.com| Date : June 6th, 2023
The highly anticipated, Thane cluster development scheme will be inaugurated on 5 June in the presence of Maharashtra's Chief Minister Eknath Shinde...

June 5th, 2023 NEWS

Navi Mumbai: Property Tax To Be Waived for Flats up to 500 Sq Ft, Says NMMC

Publication: timesnownews.com| Date : June 5th, 2023
The Navi Mumbai Municipal Corporation (NMMC) has decided to waive property tax for flat owners residing in apartments of up to 500 square feet...

June 2nd, 2023 NEWS

About 405 of 423 real estate agents clear exam by MahaRERA

Publication: realty.economictimes.indiatimes.com| Date : June 2nd, 2023
The results of the first examination conducted by MahaRera for real estate agents have been announced, and as many as 405 candidates out of 423 who appeared for the exam have passed.....

June 2nd, 2023 NEWS

Maharashtra: Now get society land ownership within one month

Publication: realty.economictimes.indiatimes.com| Date : June 2nd, 2023
A housing society that will pass a resolution of self-redevelopment with majority and shall apply for deemed conveyance or ownership of the land on which it is situated.....

June 2nd, 2023 NEWS

QR code display for projects must from August 1: MahaRERA

Publication: realty.economictimes.indiatimes.com| Date : June 2nd, 2023
The Maharashtra Real Estate Regulatory Authority (MahaRERA) on Monday directed to display QR codes of all registered housing projects.....

May 26th, 2023 NEWS

Oberoi Realty in talks with Marriott International, Hyatt for hotel property in Thane

Publication: realty.economictimes.indiatimes.com| Date : May 26th, 2023
The company is planning to develop a 300-key property as part of its proposed integrated development spread across nearly 75 acres.....

May 26th, 2023 NEWS

Now, separate nod not required for non-agricultural land in Maharashtra

Publication: realty.economictimes.indiatimes.com| Date : May 26th, 2023
In a major Ease of Doing Business move, developers are no longer required to obtain non-agricultural permission separately once building approvals....

May 25th, 2023 NEWS

Oberoi Realty acquires 6.4 acres in Thane near Mumbai

Publication: moneycontrol.com| Date : May 25th, 2023
Mumbai-based Oberoi Realty has acquired 6.4 acres of land in Thane near Mumbai from NRB Bearings Limited (NRB),....

May 9th, 2023 NEWS

Mumbai's Next Big Infrastructure Project Set To Shorten Kharghar Travel Through A Tunnel

Publication: timesproperty.com | Date : May 9th, 2023
Mumbai is undergoing massive infrastructural development to improve urban mobility in the city....

Feb 16, 2023 NEWS

MahaRERA kicks off first training camp for real estate agents

Publication: hindustantimes.com | Date : Feb 16, 2023
Mumbai: In a first, Maharashtra Real Estate Regulatory Authority (MahaRERA)...

Jan 28, 2023 NEWS

CM Eknath Shinde Will Inaugrate Mchi Property 2023 Thane On 03 Feb

Publication: freepressjournal.in | Date : Jan 28, 2023
Property exhibition will be held 03 to 06 February 2023; at Raymond Ground, Thane West...

Jan 18, 2023 NEWS

Bids invited for Thane-Borivali Twin Tunnel beneath SGNP

Publication: constructionworld.in | Date : Jan 18, 2023
Mumbai Metropolitan Region Development Authority (MMRDA) has invited bids for the construction of the Borivali-Thane twin tunnel...

Jan 18, 2023 NEWS

Mumbai: Freeway extension will have 4 exits on Eastern Freeway extension project

Publication: freepressjournal.in | Date : Jan 18, 2023
The Eastern Freeway extension project from Ghatkopar to Thane will have four entry-exit ramps. After this 14km elevated road is built, one will be able to travel without encountering any signal from Thane to Yellow Gate...

Jan 17, 2023 NEWS

Now, Travel From Mankhurd To Thane In Just 5 Minutes!

Publication: mumbailive.com | Date : Jan 17, 2023
The work of Mankhurd-Thane flyover in Chheda Nagar traffic improvement project is in its final stage and the last girder (beam) of this flyover was installed on Monday night.

Jan 15, 2023 NEWS

State zeroes in on land for Metro 4 depot in Thane

Publication: hindustantimes.com | Date : Jan 17, 2023
Mumbai: State government has zeroed in on a plot for building Metro 4 (Wadala to Kasarvadavli) depot in Thane.

Jan 11, 2023 NEWS

Raymond Realty sets a new benchmark in real estate sector in India

Publication: timesofindia.indiatimes.com | Date : Jan 11, 2023
Completes its maiden project in record period of 24 months ahead of RERA deadline

Jan 11, 2023 NEWS

Buoyancy in real estate sector to stay fluid in 2023

Publication: realty.economictimes.indiatimes.com | Date : Jan 11, 2023
The property market has witnessed an upswing in demand and price followed by the launch of fresh inventory in the market.

Jan 11, 2023 NEWS

Residential Sales Show 19% Rise y-o-y: Report

Publication: hindustantimes.com | Date : Jan 11, 2023
Mumbai: The year 2022 saw record sales of 85,169 housing units in Mumbai Metropolitan Region (MMR), a 35% growth over 2021, said a half-yearly real estate report released by Knight Frank India on Tuesday.

Dec 31, 2022 NEWS

Bengaluru, Mumbai & Pune emerge as most searched cities for properties in 2022: Report

Publication: realty.economictimes.indiatimes.com | Date : Dec 31, 2022
In Mumbai, property registration rose by 9 per cent year-on-year in calendar year 2022 to 1.22 lakh units. This is the highest in the last decade, on the account of better demand, according to report by Knight Frank India.

Dec 31, 2022 NEWS

Property registrations rise by 9% in Mumbai during 2022 to 1.22 lakh units

Publication: livemint.com | Date : Dec 31, 2022
NEW DELHI: Bengaluru, Mumbai, and Pune emerged as India’s most searched cities for buying properties, according to a recent report by Magicbricks.

Dec 29, 2022 NEWS

Thane station to get deck over platforms, museum, bus terminal

Publication: economictimes.indiatimes.com | Date : Dec 29, 2022
In a major makeover, the Thane railway station will get a deck over the platforms, an architectural museum and a bus terminus in the coming days.

Dec 29, 2022 NEWS

Office absorption rises to 3-year high on strong demand

Publication: economictimes.indiatimes.com | Date : Dec 29, 2022
The commercial real estate market hit drastically by the Covid19 pandemic has made a strong comeback in 2022 with steady recovery in demand for office spaces across key cities of India.

Dec 26, 2022 NEWS

MMRDA mulls building 2 link roads over Thane creek connecting city & Bhiwandi

Publication: freepressjournal.in | Date : Dec 26, 2022
A network of bridges over Thane creek will be connecting Gaimukh and Kasarwadavli areas with Paygaon and Kharbao in Bhiwandi.

Dec 20, 2022 NEWS

TMC chief instructs Thane Smart City department to complete work within scheduled time

Publication: housing.com | Date : Dec 20, 2022
The ongoing work under the Thane Smart City initiative is worth around ₹ 1050 crore.

Dec 22, 2022 NEWS

GST law may be amended to allow refund after flat purchase cancellation

Publication: housing.com | Date : Dec 22, 2022
Homebuyers may soon be able to claim GST refund directly from the government on cancellation of under-construction properties rather than going to the developer concerned.

Dec 21, 2022 NEWS

Property registrations drop in December in Maharashtra

Publication: realty.economictimes.indiatimes.com | Date : Dec 21, 2022
Property registration department officials said the full-month registrations this December might not surpass the pre-pandemic level achieved for the same month in 2019, at 2.39 lakh.

Dec 21, 2022 NEWS

Home seekers will get the best options at PROPERTY 2023

Publication: knowyourtown.co.in | Date : Dec 21, 2022
Thane’s real estate – especially housing - continues its outstanding record, with time-bound deliveries,

Dec 11, 2022 NEWS

MahaRERA to approach UDD for portal showing approvals

Publication: realty.economictimes.indiatimes.com | Date : Dec 11, 2022
A promoter seeking to register a project needs to submit an application for commencement certificate,

Dec 09, 2022 NEWS

Mumbai: First station erection work on metro line 4A has begun, says MMRDA

Publication: mid-day.com | Date : Dec 09, 2022
Concourse Pier arm (CPC) work has been started for Gowniwada Station, the MMRDA said.

Dec 07, 2022 NEWS

New, Signal Free Corridor Will Ease Mumbai-Thane Traffic Woes

Publication: timesproperty.com | Date : Dec 07, 2022
​​The MMRDA has given its approval to ease congestion at one of the ‘world’s most chaotic’ traffic junctions at Teen Haath Naka by constructing...

Dec 07, 2022 NEWS

Maharashtra allows redevelopment of single buildings in Mhada layout

Publication: realty.economictimes.indiatimes.com | Date : Dec 07, 2022
​​It was applicable to Mumbai, Pune, Nashik and Konkan, but residents can now take up redevelopment of their dilapidated structures.

Dec 04, 2022 NEWS

Digha station between Thane, Airoli to be ready for use next year: MP Rajan Vichare

Publication: timesofindia.indiatimes.com | Date : Dec 04, 2022
THANE: Digha suburban railway station between Thane and Airoli on trans harbour route will be ready for public use early next year providing relief to thousands of residents and employees of industrial belt in the vicinity, Shiv Sena (UBT) MP, Rajan Vichare, said on Saturday.

Dec 03, 2022 NEWS

President signs amendment in MHADA Act, paves way for redevelopment of cessed buildings

Publication: realty.economictimes.indiatimes.com | Date : Dec 03, 2022
The President of India signed the amendments in the MHADA Act 1976, giving preference to the owner or the tenants of a residential building to submit a proposal for redevelopment once it is categorised by the civic body as dangerous for living.

Dec 02, 2022 NEWS

Maharashtra: Property registration revenue at 78% of target till November-end

Publication: realty.economictimes.indiatimes.com | Date : Dec 02, 2022
High-value property registrations, followed by increased ready reckoner rates and stamp duty charges, have helped the state property registration department achieve 78% of its annual revenue target by the end of November.

Dec 01, 2022 NEWS

Mumbai Metro's Line 4 set to boost real estate in Thane

Publication: mumbailive.com | Date : Dec 01, 2022
The proposed metro route connecting Mumbai with adjoining Thane is aimed at providing better connectivity and boost the development of neighbourhood areas across the latter region, thereby enhancing the residential housing segment.

Dec 01, 2022 NEWS

Mumbai Property Registrations Up By 15% In November

Publication: mumbailive.com | Date : Dec 01, 2022
This is owing to increases in home loan interest rates, property prices, and stamp duty which together impacted house purchase affordability, said the report.

Dec 01, 2022 NEWS

Registration of properties in Mumbai rises 15% to 8,756 units in November

Publication: realty.economictimes.indiatimes.com | Date : Dec 01, 2022
Growth in property sale registrations in Mumbai continues to remain robust with some moderation recorded in the recent months, the consultant said.

Nov 30, 2022 NEWS

Festive offers boost property registrations in November: Maharashtra IGR data

Publication: moneycontrol.com | Date : Nov 30, 2022
In the festive season, property registrations in Mumbai rose over 4 percent in November compared to October, but were down by 16 percent in the last six months.

Nov 30, 2022 NEWS

Thane: 4th lane on new Kalwa Bridge opened for traffic from November

Publication: freepressjournal.in | Date : Nov 30, 2022
During the inauguration, the chief minister stated that the fourth lane near Thane Jail would open on December 1, 2022.

Nov 30, 2022 NEWS

Adani Group bags Dharavi redevelopment project with a Rs 5,069 crore bid

Publication: realty.economictimes.indiatimes.com | Date : Nov 30, 2022
The group has put in a Rs 5,069 crore bid for the redevelopment of one of the largest slum sprawls in the world, outbidding DLF, which had quoted Rs 2,025 crore, chief executive officer of the project S V R Srinivas said.

Nov 28, 2022 NEWS

Keystone in talks to redevelop projects in Mumbai

Publication: m.timesofindia.com | Date : Nov 28, 2022
Keystone Realtors, a Rustomjee Group company, is in talks to acquire at least 20 residential property projects involving redevelopment work in Mumbai and expects around half of these to be added to its existing development portfolio soon.

Nov 28, 2022 NEWS

New, signal-free corridor will ease Mumbai-Thane traffic woes

Publication: m.timesofindia.com | Date : Nov 28, 2022
THANE: The MMRDA has given its approval to ease congestion at one of the 'world's most chaotic' traffic junctions at Teen Haath Naka by constructing a fresh pair of U-shaped flyovers in addition to the existing bridge that runs above the intersection, officials informed, adding that the project will also ensure the arterial junction could get rid of signals presently required for crossing the intersection.

Nov 26, 2022 NEWS

Thane civic body earns Rs 500 crore in property tax, Majiwada tops with Rs 174 crore

Publication: realty.economictimes.indiatimes.com | Date : Nov 26, 2022
As per data accessed till November 23, the developing areas of Ghodbunder Road generated Rs 173.9 crore of the total Rs 502 crore collected since the start of the fiscal.

Nov 25, 2022 NEWS

Maharashtra to launch its own housing scheme for homeless people

Publication: realty.economictimes.indiatimes.com | Date : Nov 25, 2022
A new target of 3.5 lakh homes has been set under Awaas plus which covers people who did not make it to the PMAY list.

Nov 25, 2022 NEWS

BEST to kick off premium bus service between Thane, Bandra Kurla Complex

Publication: indianexpress.com | Date : Nov 25, 2022
The premium BEST bus service is expected to be on the lines of private cab service providers.

Nov 25, 2022 NEWS

Maharashtra to launch state-run housing scheme for homeless

Publication: housing.com | Date : Nov 25, 2022
A target of 3.5 lakh homes have been set under the Awaas Plus policy that covers people not represented in the PMAY list.

Nov 24, 2022 NEWS

Maharashtra CM Eknath Shinde sanctions Rs 900 crore for 49 projects in Thane

Publication: m.timesofindia.com | Date : Nov 24, 2022
THANE: Chief minister Eknath Shinde has okayed a fresh budget for 49 various projects collectively worth Rs 900 crore to be implemented in three administrative wards of Thane city, MLA Pratap Sarnaik informed Wednesday.

Nov 23, 2022 NEWS

MMRDA plans high-speed Thane road, 1.5-hour travel time to be cut to 10 minutes

Publication: timesofindia.indiatimes.com | Date : Nov 23, 2022
MMRDA is exploring the plan for a bypass that would skirt Thane’s congested streets by cutting through parts of the Sanjay Gandhi National Park (SNGP).

Nov 21, 2022 NEWS

Land deals by builders jump over three-fold in eight cities in Jan-Sept 2022: Report

Publication: realty.economictimes.indiatimes.com | Date : Nov 21, 2022
At least 68 separate land deals, accounting for 1,656 acres, were closed in the first nine months of 2022 across top eight cities, as against just 20 land deals for 925 acres in the corresponding period of last year, it said.

Nov 20, 2022 NEWS

Mumbai: 388 Mhada buildings set to get redevelopment push before BMC poll

Publication: realty.economictimes.indiatimes.com | Date : Nov 20, 2022
Officials said that the Shinde-Fadnavis government is given an in-principle nod to redevelop these old buildings under section 33 (7) of the Development Control Regulation (DCR) with a floor space index (FSI) of 3 or additional incentive FSI of minimum 78%.

Nov 23, 2022 NEWS

Trans-harbour railway line to get one more station next year

Publication: indianexpress.com | Date : Nov 23, 2022
The MRVC official said that for this corridor, 2.55 hectares of land will be required of which 0.47 ha is private land and the rest, government land. While the government land parcel has been acquired by MRVC, the private land is in an advanced stage of acquisition, the official said.

Nov 23, 2022 NEWS

Decoding the housing boom in and around Thane

Publication: www.constructionweekonline.in | Date : Nov 23, 2022
The burgeoning satellite city of Thane which is an extended suburb of the MMR region has netted the nickname – ‘The city of dreams’ a couple of years ago, and the label could not be more accurate than in current times.

Nov 22, 2022 NEWS

Navi Mumbai plot sold for record Rs 5.54 lakh per sq meter

Publication: www.realty.economictimes.indiatimes.com | Date : Nov 22, 2022
This was nearly five times the reserve base price set by Cidco at Rs 1.14 lakh a sq m. It works out to Rs 306 crore for the roughly 1.3-acre plot (5,526 sq m) located at Sector 20, Palm Beach Road, Sanpada.

Nov 21, 2022 NEWS

Maharashtra revenue department website resolves 5,000 land-related issues

Publication: realty.economictimes.indiatimes.com | Date : Nov 21, 2022
The website now has over 2500 officers on board and dozens of land related queries from across the state are answered every week.

Nov 18, 2022 NEWS

Christmas Decoration Ideas That Will Make Your Home Stand Out From The Rest This Holiday Season

Publication: timesproperty.com | Date : Nov 18, 2022
With the end of the year approaching, we can't help but notice the festive spirit in the air. This has always been a great time for practically everyone.

Nov 16, 2022 NEWS

Home Sales Jump 24% In Q3, Thane, Pune, Bengaluru See Highest Growth: Report

Publication: hindustantimes.com | Date : Nov 16, 2022
New house launches zoomed 11 per cent, while sales jumped 24 per cent in the third quarter, according to a report by real estate consultancy firm PropEquity.

Nov 15, 2022 NEWS

Raymond Realty’s The Address by GS and TenX Habitat Tops IndexTap Premier League Chart with more than 200 units sold in Thane

Publication: hindustantimes.com | Date : Nov 15, 2022
MUMBAI, 15 NOVEMBER, 2022 (GPN): Raymond Realty, the real estate arm of Raymond Group, India’s biggest FMCG to textile conglomerate has topped the IndexTap Premier League Chart for Thane region.

Nov 16, 2022 NEWS

Buyers can seek refund if builder skips possession dates: Tribunal

Publication: hindustantimes.com | Date : Nov 16, 2022
Mumbai: Setting aside an order by the MahaRERA chairperson, the Maharashtra Real Estate Appellate Tribunal (MREAT) observed that the developers continued to skip mentioning the date of possession of flats in their allotment letters given to home buyers even two years after RERA came into place.

Nov 14, 2022 NEWS

Housing federations move Maharashtra CM, deputy CM for redevelopment regulator

Publication: realty.economictimes.indiatimes.com | Date : Nov 14, 2022
A representation to address this has been made to the chief minister and deputy CM last week, said chairman Ramesh Prabhu of the Maharashtra Societies Welfare Association.

Nov 12, 2022 NEWS

CREDAI partners HDFC Capital to help with funding for builders in non-metros

Publication: infra.economictimes.indiatimes.com | Date : Nov 12, 2022
Indian realtors' apex body CREDAI on Friday announced a tie-up with HDFC Capital to help its members from tier 2 and 3 cities to get funding from the entity's USD 3 billion-fund for the housing sector.

Nov 11, 2022 NEWS

Maharashtra government forms committee to streamline realty processes in Navi Mumbai

Publication: realty.economictimes.indiatimes.com | Date : Nov 11, 2022
​CIDCO undertakes various mega infrastructure projects, including the ongoing Navi Mumbai International Airport, Navi Mumbai Metro, NAINA, Corporate Park etc.

Nov 11, 2022 NEWS

Soon, MahaRERA valuers to check progress of projects

Publication: realty.economictimes.indiatimes.com | Date : Nov 11, 2022
These valuers or inspectors would be certified by the income tax department or the Insolvency and Bankruptcy Board of India and carry out site visits.

Nov 06, 2022 NEWS

Maharashtra government set to increase bid for Air India building to Rs 1,600 crore

Publication: realty.economictimes.indiatimes.com | Date : Nov 06, 2022
The state plans to expand Mantralaya into the Air India building. Last month, deputy chief minister Fadnavis said that the state government was facing a space crunch to house government offices in Mantralaya and the annexe building.

Nov 04, 2022 NEWS

Maharashtra: Locals may not need CRZ nod for houses up to 3,000 sqft in coastal area

Publication: realty.economictimes.indiatimes.com | Date : Nov 04, 2022
The state government has made the proposal to the Union ministry for environment, forests and climate change (MoEFCC) while forwarding the draft coastal zone management plans (CZMP) for Palghar, Thane, Sindhudurg, Raigad and Ratnagiri.

Oct 10, 2022 NEWS

Residential sector grows 15% across top eight cities in Q3 2022: Report

Publication: realty.economictimes.indiatimes.com | Date : Oct 10, 2022
Similar robust activity was observed in new launches growing 15% year-on-year (YoY) to 69,687 units in Q3 2022.

Oct 10, 2022 NEWS

Net absorption in office space touch 9.86 million sq ft in Q2 FY23: Report

Publication: realty.economictimes.indiatimes.com | Date : Oct 10, 2022
Delhi NCR and Bengaluru are the two biggest office markets in terms of Jan-Sep 2022 gross leasing activity followed by Mumbai.

Oct 05, 2022 NEWS

Bright Dussehra for real estate: 500 houses sold in Thane

Publication: realty.economictimes.indiatimes.com | Date : Oct 05, 2022
Maharashtra Chamber of Housing Industry in Thane says Rs 600 crore generated in revenue

Oct 05, 2022 NEWS

Thane: MMRDA told to fast-track Kalyan-Taloja Metro-12 project

Publication: realty.economictimes.indiatimes.com | Date : Oct 05, 2022
Metro work is being carried out between Thane-Bhiwandi and Kalyan in the Thane district and there is a plan to connect this metro line with Taloja and Navi Mumbai.

Oct 05, 2022 NEWS

Builders want government to reduce stamp duty, table proposal before Maharashtra CM

Publication: realty.economictimes.indiatimes.com | Date : Oct 05, 2022
Developers have made a demand to the state government to provide a partial waiver in stamp duty payment to boost sales of real estate in Maharashtra. The proposal was mooted on October 3 to Chief Minister Eknath Shinde.

Oct 02, 2022 NEWS

Properties registration in Mumbai up 11% at 8,628 units in Sept: Report

Publication: realty.economictimes.indiatimes.com | Date : Oct 02, 2022
Mumbai city (BMC area) saw property sale registrations of 8,628 units in September 2022 as against 7,804 units in the same month last year and 8,552 units in the previous month,

Oct 02, 2022 NEWS

Will Maharashtra CM Eknath Shinde reduce stamp duty on property?

Publication: www.freepressjournal.in | Date : Oct 02, 2022
This specific demand was made on Sunday to Chief Minister Eknath Shinde at National Real Estate Development Council (NAREDCO)

Oct 01, 2022 NEWS

Maharashtra government departments start receiving ULPIN data

Publication: realty.economictimes.indiatimes.com | Date : Oct 01, 2022
Commonly called 'Aadhaar for land', the state has readied the Unique Land Parcel Identification Number (ULPIN) for some 3crore documents - 2.62crore 7x12 extracts,

Sept 29, 2022 NEWS

Thane continues to remain at the top spot in the realty sector: Research

Publication: www.freepressjournal.in | Date : Sept 29, 2022
The findings of research reports by multiple analysts have repeatedly highlighted this trend.

Sept 28, 2022 NEWS

K Raheja’s arm buys land parcel in Mumbai for Rs 120 crore

Publication: www.moneycontrol.com | Date : Sept 28, 2022
Feat Properties Pvt Ltd, a subsidiary of K Raheja Corp, has bought a land parcel spread across an area of 6151 sq m for Rs 120 crore.

Sept 26, 2022 NEWS

Real estate developers dole out cash discounts, freebies, bikes this festive season

Publication: www.moneycontrol.com | Date : Sept 26, 2022
As happens every year, builders hope to cash in on sales during the festival season, a bigger ask this time due to higher costs.

Sept 26, 2022 NEWS

Mahindra Lifespace eyes society redevelopment projects in Mumbai; to develop data centres

Publication: www.economictimes.indiatimes.com | Date : Sept 26, 2022
Realty firm Mahindra Lifespace Developers expects to bag two society redevelopment projects in Mumbai this fiscal.

Sept 20, 2022 NEWS

Mumbai Residential Real Estate Market On An Upswing In Q2 FY 2022

Publication: www.outlookindia.com | Date : Sept 20, 2022
The demand for residential units in Mumbai and the Mumbai Metropolitan Region is on an upswing for the second straight quarter of FY 22.

Sept 13, 2022 NEWS

Adani Realty In Discussions With DB Realty For Merger Deal: Report

Publication: www.news18.com | Date : Sept 13, 2022
The transaction, which may be the largest real estate deal in India, will pave the way for the listing of the real estate arm of billionaire Gautam Adani.

Sept 12, 2022 NEWS

Agarwal Holdings buys 75,000-sq-ft plot in Mumbai for Rs 332.8 crore

Publication: www.moneycontrol.com | Date : Sept 12, 2022
Of late, there has been a flurry of bungalow deals in Mumbai. Also, the trend of industrialists, corporate leaders and start-up owners purchasing ready-to-move-in luxury properties has continued in Mumbai even after the metro cess kicked in on April 1.

Sept 09, 2022 NEWS

Ashar Group integrates Thane into a world-class ecosystem

Publication: www.aninews.in | Date : Sept 09, 2022
Mumbai (Maharashtra) [India], September 9 (ANI/BusinessWire India): Integrated Cities are currently being endorsed as the best strategy to achieve the global goals of sustainable development.

Sept 08, 2022 NEWS

WSB Real Estate Partners raises ₹500 cr in second fund

Publication: www.livemint.com | Date : Sept 08, 2022
WSB Real Estate Partners has deployed around 40% of the capital across five transactions in housing projects across Bengaluru, MMR, Hyderabad, Pune and Chennai.

Sept 01, 2022 NEWS

Housing rent in Mumbai, suburbs rise up to 29% in last 3.5 years: Report

Publication: www.livemint.com | Date : Sept 01, 2022
According to the report, the average monthly rentals in over 80 micro markets of the MMR rose in a range of 4 per cent to 29 per cent in August this year as compared to December 2018.

31 Aug 2022 NEWS

August sales give Mumbai property market a new high

Publication: economictimes.indiatimes.com | Date : 31 Aug 2022
Property registrations in Mumbai, the country's biggest and most expensive real estate market, logged a 22% year-on-year increase this month as buyers shrugged off rising interest rates and prices,

26 Aug 2022 NEWS

No property tax hike in Mumbai, says Shinde

Publication: indianexpress.com | Date : 26 Aug 2022
The last time property tax was hiked was in 2015. The earlier MVA government had waived property tax on houses up to 500 sq ft.

18 Aug 2022 NEWS

Eight lakh property registrations in Maharashtra in four months

Publication: realty.economictimes.indiatimes.com | Date : 18 Aug 2022
Developers expect the trend to continue during the festive period till November. "The real estate sector is back to the pre-pandemic levels - both in terms of registrations and revenue," a registration department official said.

1 Aug 2022 NEWS

Thane: Maharashtra govt sanctions Rs 15 crore for developmental works in city

Publication: freepressjournal.in | Date : 1 Aug 2022
Due to regular follow-ups with the state government, I got success in getting approval of Rs 15 crore for various developmental works, said Sena MLA Pratap Sarnaik

27 July 2022 NEWS

Mumbai property registration record streak continues, sees best July ever with 11,340 deals

Publication: economictimes.indiatimes.com | Date : 31 July 2022
India’s biggest and most expensive property market of Mumbai has continued to set new benchmarks by recording the best July performance ever in terms of deal registrations and collection of stamp duty revenue by the state exchequer.

27 July 2022 NEWS

Home sales in India drop 7% in Q2; only 84,930 units sold: Report

Publication: business-standard.com | Date : 27 July 2022
Sales have also been hit as home loan interest rates increased over the last several quarters impacting affordability

27 July 2022 NEWS

'Two out of three in Mumbai want to buy a house in next six months'

Publication: housing.com | Date : 27 July 2022
Despite an overall dip in buying sentiment, 47% of Mumbaikars are planning to buy a house in the coming months, says a report released by Credai MCHI and TruBoard Partners.

27 July 2022 NEWS

Housing prices rise up to 15% annually in June quarter

Publication: citytoday.news | Date : 27 July 2022
Prime News, National, Finance, Housing, New Delhi, July 27:- Average housing price rose up to 15 percent during April-June across 9 major cities, with Chennai witnessing the highest appreciation of 15 percent, according to data analytic firm PropEquity.

19 July 2022 NEWS

18% GST applicable on renting of residential property to GST-registered entities, persons

Publication: housing.com | Date : 19 July 2022
In a move that would significantly change the dynamics of rental real estate in India, the Goods and Services Tax (GST) Council has decided to do away with the exemption so far granted to renting of residential units to businesses. Earlier, under Entry 12 of Notification 12/2017 of the Central Tax Rate dated June 28, 2017, ‘services by way of renting of residential dwelling for use as residence’ were exempt from paying GST, while leasing of residential units for commercial purposes attracted 18% GST.

14 July 2022 NEWS

Credit profile of most construction companies to remain resilient to input cost pressure: ICRA

Publication: housing.com | Date : 14 July 2022
The construction industry in India is set to witness a healthy revenue growth in the medium term, says rating agency ICRA in a recent report. The construction GVA is expected to grow at 9-11% in FY2023, owing to the government’s emphasis on infrastructure development, a robust order book, and a low base effect.

09 July 2022 NEWS

MHADA to undertake digital mapping, survey of its land parcels across Maharashtra

Publication: economictimes.indiatimes.com | Date : 09 July 2022
The Maharashtra Housing & Area Development Authority (MHADA) has decided to undertake mapping and survey of all the land parcels under its control in housing boards of Mumbai and all other cities controlled by its divisional boards across the state through advanced computer technology.

09 July 2022 NEWS

Rationalising charges for conversion of leasehold into freehold properties in Mumbai can unlock huge value: Report

Publication: www.moneycontrol.com | Date : 09 July 2022
Leasehold to freehold conversion charges as high as 60-70% of property value in Mumbai; lowering of charges can spur redevelopment of properties in Mumbai, unlock asset value.

07 July 2022 NEWS

Housing sales in Jan-Jun at nine-year high in top eight cities: Report

Publication: realty.economictimes.indiatimes.com | Date : 07 July 2022
Knight Frank India highlighted that the residential sector has recorded a 9-year high sales volume in January-June 2022. The previous high was recorded in the first half of 2013, when sales were at 1,85,577 units.

06 July 2022 NEWS

Indian residential market records annual sales growth of 60%; 158,705 housing units sold in H1 2022: Knight Frank India

Publication: moneycontrol.com | Date : 06 July 2022
Office transactions, at 25.3 million sq. ft., translated to 107% year-on-year growth. NCR witnessed 154% YoY rise in home sales during H1 2022, according to the Knight Frank report released on July 6.

05 July 2022 NEWS

Indian real estate market transparency among most improved globally: Report

Publication: economictimes.indiatimes.com | Date : 05 July 2022
Owing to the series of policy decisions including the implementation of the Real Estate (Regulation & Development) Act, 2016 and digitization of land registries and market data has helped Indian real estate market’s transparency level move upwards.

04 July 2022 NEWS

MahaRERA lists 2,809 projects with bookings in lapsed category

Publication: realty.economictimes.indiatimes.com | Date : 04 July 2022
PUNE: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has listed in the “lapsed”category 2,809 projects with bookings for nearly 1.28 lakh apartments worth Rs78,000 crore across the state as part of a separate checklist on its portal.

04 July 2022 NEWS

Search for residential properties increased by 16.9% in Apr-Jun: Report

Publication: realty.economictimes.indiatimes.com | Date : 04 July 2022
NEW DELHI: Residential property searches increased by 16.9% quarter-on-quarter and 27.7% year-on-year while property listings rose by 2.9% quarter-on-quarter and 16.2% year-on-year in Q2, 2022

03 July 2022 NEWS

MahaRERA standardises home allotment letters for realtors

Publication: realty.economictimes.indiatimes.com | Date : 03 July 2022
The newly introduced allotment letter would require developers to mention the date of handing over the possession of the booked property, percentage of charges levied on cancellation of booking

01 July 2022 NEWS

From July 1, Only Online Building Nod In Maharashtra

Publication: timesproperty.com | Date : 01 July 2022
Maharashtra urban department principal secretary Bhushan Gagrani on Wednesday told TOI that building permissions in all corporation and council areas of the state would be provided only through online mode...

30 June 2022 NEWS

Registration of properties in Mumbai city up 21% to 9,525 units: Knight Frank

Publication: realty.economictimes.indiatimes.com | Date : 30 June 2022
In June 21, the registration of properties in Mumbai city (BMC area) stood at 7,856 units. In May 2022, the number stood at 9,839 units, the consultant said.

27 June 2022 NEWS

Law firms go for bigger, smarter office spaces as business grows

Publication: realty.economictimes.indiatimes.com | Date : 27 June 2022
The firms are on the lookout for buildings that offer better connectivity, multifunctional spaces, collaborative environment, good recreational and rest areas that have open spaces, according to property consultants and law firms.

27 June 2022 NEWS

MahaRERA plans to help kickstart Rs 78,000-crore stalled, lapsed housing projects

Publication: realty.economictimes.indiatimes.com | Date : 27 June 2022
Out of the 36,000 projects registered in the last five years in Maharashtra, 4,500 projects, or around 12%, have lapsed, and the state regulatory body’s new vertical will help solve the issues around these projects.

22 June 2022 NEWS

BMC Plans Underground Parking Lots In Every Zone

Publication: timesproperty.com | Date : 22 June 2022
Underground parking is part of a strategy by its traffic department to decongest locations where there is a huge demand for parking.

22 June 2022 NEWS

Interest for delay in possession of flat cannot be denied merely because no registered sale agreement was signed: MahaREAT

Publication: www.moneycontrol.com | Date : 22 June 2022
Other documents such as an allotment letter, brochure or email mentioning the date of possession can be considered to work out the delay in possession, the tribunal said, directing a developer to pay interest to homebuyers.

20 June 2022 NEWS

Flexible office providers refurbish old buildings to cater to high demand

Publication: realty.economictimes.indiatimes.com | Date : 20 June 2022
Leasing grade-B spaces that were vacated during the pandemic is helping the builders get assured rentals from flexible office operators.

20 June 2022 NEWS

Maharashtra government gets 2.4K applications from housing societies for deemed conveyance amid COVID-19, clears 92% applications

Publication: www.moneycontrol.com | Date : 20 June 2022
Housing societies should approach authorities, if developer fails to transfer conveyance deed in name of society after four months of registering the housing society, says Maharashtra government.

20 June 2022 NEWS

Maharashtra's slum rehab projects' amnesty to help unlock Rs 35,000 crore stuck loans

Publication: realty.economictimes.indiatimes.com | Date : 20 June 2022
The key issue that has led to majors concerns over financing of these projects is that all the loans extended by these institutions to such slum rehabilitation projects are not recognised by the Slum Rehabilitation Authority...

19 June 2022 NEWS

Maharashtra: 403 developers use e-registration facility from offices, 95 more apply

Publication: realty.economictimes.indiatimes.com | Date : 19 June 2022
While two months ago, 347 developers’ applications were approved, another 56 have been recently given a nod, said state officials.

18 June 2022 NEWS

Consumer forum fuels parking wars in city

Publication: www.hindustantimes.com | Date : 18 June 2022
In April, the Thane Additional District Consumer Disputes Redressal Commission had ruled that a developer or promoter of buildings did not have the right to sell parking space.

16 June 2022 NEWS

K Raheja family buys Rs 265 crore Mumbai property from Singhanias

Publication: www.livemint.com | Date : 16 June 2022
The Raheja brothers have bought the 31,000 sq ft plot, which also has a 7933 sq ft independent house, from brothers Bharat Hari Singhania, Raghupati Singhania, and family members of late Sri Pati Singhania

15 June 2022 NEWS

Three years on, no property tax rebate yet for housing societies in Mumbai for treating waste

Publication: realty.economictimes.indiatimes.com | Date : 15 June 2022
The amount of rebate would vary from 5%-15% depending upon how much waste is being treated and processed and also if wastewater is being recycled...

15 June 2022 NEWS

Offices in Mumbai can save INR 175 Cr power bills annually by switching to greener air conditioning

Publication: www.magicbricks.com | Date : 15 June 2022
Mumbai’s Grade A office space currently stands at 144 million sq. ft, of which only 42% (60 million sq ft) uses centralized Heating, Ventilation, and Air Conditioning (HVAC) system which is known as air conditioning system...

15 June 2022 NEWS

Maharashtra government revises income slabs for buyers of affordable homes

Publication: www.moneycontrol.com | Date : 15 June 2022
The revised income slabs are expected to come into effect with the upcoming draw of around 5,000 affordable homes by MHADA in the Mumbai Metropolitan Region.

14 June 2022 NEWS

Maharashtra's first integrated township in KDMC to get 66% property tax relief

Publication: timesofindia.indiatimes.com | Date : 14 June 2022
KALYAN: The Kalyan-Dombivli Municipal Corporation (KDMC) has finally decided to grant 66% property tax rebate to residents of Palava City- the state's first integrated township project...

14 June 2022 NEWS

About 20,000 housing societies in Maharashtra can gain from cooperative bank funding

Publication: realty.economictimes.indiatimes.com | Date : 14 June 2022
The housing finance limit of 5% of the total asset is expected to boost self-development of societies in Pune, Mumbai, and Thane, Maharashtra Housing Federation vice-chairman Suhas Patwardhan said.

11 June 2022 NEWS

Navi Mumbai: Cidco hands over entire airport land, clears core area of 3,000 buildings

Publication: realty.economictimes.indiatimes.com | Date : 11 June 2022
The entire airport land of around 1,160 hectares has been handed over to the developer, Adani Group, for the proposed second airport for Mumbai.

10 June 2022 NEWS

What type of property can you buy for under Rs 1 crore in Mumbai?

Publication: www.moneycontrol.com | Date : 10 June 2022
Mumbai is the financial capital of India and India's most expensive property market and finding space with that budget in the city is very difficult, but not impossible. Moneycontrol lists the options you have.

8 June 2022 NEWS

Lease income from ‘residential’ property is exempt from GST

Publication: timesofindia.indiatimes.com | Date : 8 June 2022
MUMBAI: Rent or leave and license fees received by an owner of a residential flat, even if such flat has been let out to corporate entities for use by the latter’s employees, will not be subject to goods and services tax (GST).

07 June 2022 NEWS

Inflation overdone; Real estate to grow in near future: Report

Publication: housing.com | Date : 07 June 2022
According to the ‘Bulls and Bears’, Indian valuation handbook, Indian real estate segment shows a good growth with largest ever launch in the pipeline by most real estate companies.

29 May 2022 NEWS

Maharashtra: Collectors told to speed up MahaRERA recovery orders

Publication: realty.economictimes.indiatimes.com | Date : 29 May 2022
Overall, MahaRERA has listed recovery warrants worth Rs 702. 49 crore against errant developers in 13 districts of the state.

25 May 2022 NEWS

Govt in final stages to approve property cards for flats registered under MahaRERA

Publication: realty.economictimes.indiatimes.com | Date : 25 May 2022
The scheme will ensure independent property cards for flats (vertical properties) with details of carpet area, amenity space, bank loan information and 7/12 extracts.

24 May 2022 NEWS

Oberoi Realty inks joint development pact for 18.3-acre land in Thane

Publication: realty.economictimes.indiatimes.com | Date : 24 May 2022
The company has formed a revenue-share alliance with the landowner, who will receive 23% of net realisations as part of deal compensation.

22 May 2022 NEWS

Pay Rs 10,000 a day if flat not handed over: MahaRERA

Publication: realty.economictimes.indiatimes.com | Date : 22 May 2022
The penalty will be doubled every month of the default, said the order passed on April 25 by Vijay Satbir Singh, member of MahaRERA, noting that no one has appeared for the builder during the hearing via videoconferencing.

15 May 2022 NEWS

Runwal Group buys over 20-acre land parcel in Thane for Rs 471 crore

Publication: economictimes.indiatimes.com Date : 15 May 2022
Real estate developer Runwal Group has acquired an over 20-acre land parcel in Thane near Mumbai from a chemical company PB Global for around Rs 471 crore, said persons with direct knowledge of the development.

13 May 2022 NEWS

Metro work not started in Kalyan-Dombivli still KDMC putting 2% metro cess: Developers association

Publication: timesofindia.indiatimes.com Date : 13 May 2022
Metro work has not started in Kalyan-Dombivli since last seven years but still Kalyan-Dombivli Municipal Corporation (KDMC) is putting 2% metro cess on house purchase from people,

13 May 2022 NEWS

Over 800 khataaras removed from Thane streets

Publication: timesofindia.indiatimes.com Date : 13 May 2022
Over 800 abandoned and junked vehicles were cleared off Thane streets in a matter of ten days freeing up arterial roads for speedy traffic movement here, the traffic police informed on Monday.

10 May 2022 NEWS

Housing demand to stay firm in spite of rising prices, interest rates: Crisil

Publication: realty.economictimes.indiatimes.com Date : 10 May 2022
NEW DELHI: The momentum in housing demand across India's top six cities i.e. Mumbai Metropolitan Region (MMR), National Capital Region (NCR), , Pune, Kolkata, and Hyderabad, is expected to continue this fiscal

4 March 2022 NEWS

A grand property expo by MCHI

Publication: www.mid-day.com Date : 4 March 2022
The 19th CREDAI MCHI Thane Realty and Home Finance Expo is slated to happen at the Raymond Grounds, Thane on the 11th to 14 March 2022.

4 March 2022 NEWS

PROPERTY-2022 THANE: A safe and secure home buying experience

Publication: www.mid-day.com Date : 4 March 2022
PROPERTY 2022 THANE, the property and home finance expo is organized by CREDAI MCHI THANE, one of the most respected real estate associations.

2 March 2022 NEWS

Plea to defer collection of metro cess

Publication: timesofindia.indiatimes.com Date : 2 March 2022
Pune: The realtors’ organisations have urged the state government to not charge the 1% metro cess for property purchases immediately, citing that the realty sector was just beginning to look up in the past two to three months.

1 March 2022 NEWS

Mumbai property market on record-setting spree, February scales over 10,000 registrations

Publication: content.magicbricks.com Date : 1 March 2022
Property registrations in Mumbai, the country’s biggest real estate market, have continued to reflect robust momentum in February, surpassing the pre-pandemic levels witnessed two years ago by a wide margin.

1 March 2022 NEWS

Maharashtra government increases FSI for slum-rehab projects across state

Publication: content.magicbricks.com Date : 1 March 2022
The Maharashtra government has increased the Floor Space Index (FSI), or the permissible development on a plot, to four times from three across the state for slum-rehabilitation projects

28 February 2022 NEWS

Mumbai: MMRDA allocates Rs 2,111 crore for transport and infrastructure projects in budget 2022-2023

Publication: timesofindia.indiatimes.com Date : 28 February 2022
Crucial infrastructure works, including underground Metro corridor between Wadala-CSMT, an extension of Eastern Freeway till Thane, construction of coastal link road between Nariman Point-Cuffe Parade

24 February 2022 NEWS

Office space leasing to increase by 10-15% in 2022 : Experts

Publication: realty.economictimes.indiatimes.com Date : 24 February 2022
“Occupiers’ intention to expand is expected to exert downward pressure on vacancies in the coming years,” said Anshuman Magazine, chairman and CEO-India, South-East Asia, Middle East and Africa at CBRE.

21 February 2022 NEWS

Mumbai: 1% Metro cess on property purchase likely from April 1, stamp duty to go up

Publication: www.freepressjournal.in Date : 21 February 2022
Meanwhile, on March 11 the state government will table the budget for the financial year 2022-23. Therefore, the incentives for real estate stakeholders and homebuyers are being looked at.

18 February 2022 NEWS

Good Time to Invest in Commercial Realty as Firms Bring Employees to Office

Publication: www.business-standard.com Date : 18 February 2022
With the third wave of the coronavirus (Covid-19) pandemic ebbing, the near-term prospects of commercial real estate are set to improve. The long-term prospects of this segment are tied to the pace of economic growth.

17 February 2022 NEWS

PM Modi to Inaugurate Rail Lines Between Thane and Diva on Friday

Publication: www.hindustantimes.com Date : 17 February 2022
These two additional railway lines have been built at an estimated cost of ₹620 crore and features a 1.4 km long rail flyover, three major bridges and 21 minor bridges.

13 February 2022 NEWS

Which Are The Most Popular Areas To Buy A House In Mumbai area?

Publication: www.outlookindia.com Date : 13 February 2022
Mumbai Metropolitan Region’s Thane and Mumbai Western Suburbs formed 45 per cent of the total new residential units launched in 2021. But other pockets also saw an uptick, shows Square Yards data

13 February 2022 NEWS

Godrej Properties plans Rs 7,500 cr investment in next 12-18 mths to acquire, develop new projects

Publication: economictimes.indiatimes.com Date : 13 February 2022
Sitting on a huge cash pile, Godrej Properties plans to invest around Rs 7,500 crore over the next 12-18 months on acquisition and development of new real estate projects. In an interview with PTI, Godrej Executive

11 February 2022 NEWS

ADIA-backed Lake Shore acquires Viviana Mall from Ashwin Sheth, GIC for Rs 1,900 crore

Publication: economictimes.indiatimes.com Date : 11 February 2022
In the largest ever transaction for any retail asset in India, the Abu Dhabi Investment Authority-backed Lake Shore India Advisory has acquired Viviana Mall in Thane from Singapore’s sovereign wealth fund GIC and realty.

11 February 2022 NEWS

Mahindra Lifespace to buy 9.24 acres land in Mumbai from M&M for Rs 365 crore

Publication: content.magicbricks.com Date : 11 February 2022
Realty firm Mahindra Lifespace Developers Ltd on February 10 said it will purchase about 9.24 acres of land in Kandivali, Mumbai from Mahindra & Mahindra Ltd for Rs 365 crore for development of a housing project.

9 February 2022 NEWS

Thane cluster may set template for Maharashtra, says guardian minister Eknath Shinde

Publication: timesofindia.indiatimes.com Date : 9 February 2022
The first-ever cluster redevelopment project to be executed in Maharashtra's Thane will set a template for the state to replicate in the future, urban development department minister Eknath Shinde said on Tuesday.

8 February 2022 NEWS

Thane: More services on Central Railway soon, says Shiv Sena MP Shrikant Shinde

Publication: timesofindia.indiatimes.com Date : 8 February 2022
THANE: As many as 80 new local services could be soon operated on the Mumbai suburban network largely benefitting commuters from suburbs beyond Thane, Shiv Sena MP Dr Shrikant Shinde said.

8 February 2022 NEWS

Big relief for Central Railway passengers: Thane, Diva new railway line to reduce crowding in local trains

Publication: www.hindustantimes.com Date : 8 February 2022
This will facilitate the railways to launch 80 to 100 more local train services by the year end, enabling the reduction in the crowding between Chhatrapati Shivaji Maharaj Terminus (CSMT)-Kalyan/Karjat and Kasara

6 February 2022 NEWS

Navi Mumbai civic body extends property tax amnesty scheme till February-end

Publication: realty.economictimes.indiatimes.com Date : 6 February 2022
The NMMC had rolled out the scheme for two months with effect from October 1, 2021. Later, the scheme was extended to January 31, 2022.

6 February 2022 NEWS

Mumbai: Construction boom is on despite unsold inventory piling up

Publication: realty.economictimes.indiatimes.com Date : 6 February 2022
Last year, the BMC approved new real estate projects with a built-up area totalling about 15 crore sq ft. This area, according to a ballpark estimate, is roughly the size of 15 Nariman Points.

1 February 2022 NEWS

Registration of homes in Mumbai down 26% in Jan to 7,732 units: Report

Publication: content.magicbricks.com Date : 1 February 2022
The Indian furniture market has done exceptionally well throughout the pandemic, and is expected to grow steeply by 2023. Here’s a closer look

31 January 2022 NEWS

WFH Continues To Shape Design And Furniture Trends

Publication: timesproperty.com Date : 31 January 2022
The Indian furniture market has done exceptionally well throughout the pandemic, and is expected to grow steeply by 2023. Here’s a closer look

31 January 2022 NEWS

Property Prices To Increase By 10-15 Per Cent In 2022

Publication: timesproperty.com Date : 31 January 2022
The rising cost of construction materials as well as the impending demand-supply scenario in real estate following the ongoing Omicron crisis, may result in price hikes in the coming quarters. Read on for industry

28 January 2022 NEWS

Investments in alternate real estate assets increase by 26% in 2021: Colliers

Publication: www.moneycontrol.com Date : 28 January 2022
Developers in Maharashtra want the state government to keep the Ready Reckoner rates unchanged and help them tide over the slowdown in the past years, particularly after the Covid-19 outbreak.

28 January 2022 NEWS

Builders request Maharashtra government not to raise RR rates, expect boosters

Publication: content.magicbricks.com Date : 28 January 2022
Developers in Maharashtra want the state government to keep the Ready Reckoner rates unchanged and help them tide over the slowdown in the past years, particularly after the Covid-19 outbreak.

24 January 2022 NEWS

IKEA leases one lakh sqft at R City Mall in Mumbai's Ghatkopar

Publication: content.magicbricks.com Date : 24 January 2022
Residential projects located close to warehousing and logistics hubs have experienced a spike in demand and prices. Land prices, too, have increased.

19 January 2022 NEWS

How warehousing and logistics hubs are impacting neighbouring residential real estate markets

Publication: www.moneycontrol.com Date : 19 January 2022
Residential projects located close to warehousing and logistics hubs have experienced a spike in demand and prices. Land prices, too, have increased.

19 January 2022 NEWS

Realty developers expect measures to improve ease of doing business, says CREDAI

Publication: economictimes.com Date : 19 January 2022
Real estate developers across the country are hoping to see an improvement in ease of doing business through measures in the upcoming Union Budget 2022 that would lead to positive sentiment in the sector.

25 July 2020 NEWS

Realty hot spot series: Prime residential area in Thane with multi-storey apartments, good connectivity

Publication: economictimes.indiatimes.com Date : 10 August, 2020
In this week's realty hot spot series, we take a look at Thane's Ghodbunder Road.

25 July 2020 NEWS

Buying and registering property will soon be a hassle-free experience: Here's why

Publication: housing.com Date : 25 July, 2020
Buying and registering property will soon be a hassle-free experience, all thanks to the “ease of doing business” initiative of Delhi government.

23 July 2020 NEWS

LIC Housing Finance reduces home loan rate to 6.90%

Publication: housing.com Date : 23 July, 2020
Mortgage financier LIC Housing Finance Ltd (LICHFL) on Wednesday said it has reduced interest rate to an all-time low of 6.90 per cent for new home loan borrowers having Cibil score of 700 and above.

22 July 2020 NEWS

COVID-19 impact: Millennials now considering property ownership seriously

Publication: housing.com Date : 22 July, 2020
A liquidity crisis may well be cited as the single-biggest problem India’s residential real estate sector currently faces.

1 June 2020 NEWS

Online meeting etiquette to follow, for sellers and brokers

Publication: housing.com Date : 1 June, 2020
Meetings will remain an integral part of our working lives, because it is not possible to conduct a business without it.

20 May 2020 NEWS

Mumbai: SRA hands over 2,080 flats for Covid care

Publication: economictimes.indiatimes.com Date : 20 May, 2020
At a time when the BMC is racing to create more beds for Covid-19 patients and those quarantined, the Slum Rehabilitation Authority (SRA) has chipped in by handing over 2,080 housing units to it

15 May 2020 NEWS

Government extends PMAY housing loan subsidy for Middle Income Group until March 2021

Publication: economictimes.indiatimes.com Date : 15 May, 2020
MUMBAI: The government has extended credit linked subsidy scheme (CLSS) for Middle Income Group (MIG) under the Pradhan Mantri Awas Yojna (PMAY) by one more year until March 2021 in a bid to boost demand for real estate and construction activity.

13 May 2020 NEWS

Mumbai’s luxury realty market sees demand pull-back

Publication: economictimes.indiatimes.com Date : 13 May, 2020
MUMBAI: India’s most expensive real estate market is seeing a demand pullback in luxury real estate projects in and around areas designated Covid-19 hotspots in Mumbai as wealthy homebuyers adopt a wait-and-watch approach on high-ticket deals.

12 May 2020 NEWS

Mumbai: Developer of X BKC gets termination notice from housing society

Publication: content.magicbricks Date : 12 May, 2020
The dispute between the tenants and the developers of high profile X BKC project in Kala Nagar has escalated further with the MIG Co-operative Housing Society Ltd serving a termination notice on MIG (Bandra) Realtors & Builders Private Limited, a part of DB Realty group, last week, and the developer invoking the arbitration clause in its reply.

07 May 2020 NEWS

Mumbai: Labour shortage throws a spanner in pre-monsoon road, desilting works

Publication: content.magicbricks Date : 07 May, 2020
The BMC's critical pre-monsoon works are getting delayed as migrant labourers who wish to return to their home states are spending most of their time trying to get police permission for the journey or have left already.

06 May 2020 NEWS

Mumbai luxury residential prices to dip 5% in 2020: Report

Publication: content.magicbricks Date : 06 May, 2020
Luxury residential market of Mumbai is likely to see a price decline of 5% in the year 2020 owing to the impact of Covid-19 on luxury residential property markets around the world.

04 May 2020 NEWS

How Dharavi is fighting against COVID-19

Publication: content.magicbricks Date : 04 May, 2020
Dharavi, the largest slum of Asia, has now become a hotspot of Mumbai with the COVID-19 cases increasing rapidly. Within a span of 28-30 days the number of positive cases reached 300.

29 April 2020 NEWS

Urgent pre-rain building work like water-proofing can resume

Publication: content.magicbricks Date : 29 April 2020
The Thane district collector too recently ordered civic bodies to permit construction activities, hit by the lockdown, only with emergency pre-monsoon repairs conditionally.

Maharashtra should consider 40% cut in reckoner rates for two years: Devendra Fadnavis

Publication: realty.economictimes.indiatimes Date : 29 April 2020
"The present government should bring down the Ready Reckoner Rate drastically by 40% for the specific time period. Reducing the ready reckoner rate to 5% - 10% cannot suffice the sector," Devendra Fadnavis said at a webinar organised by real estate developers body NAREDCO.

28 April 2020 NEWS

BMC forcibly takes over DB Realty's One Mahalaxmi for quarantine

Publication: content.magicbricks Date : 28 April 2020
The Brihanmumbai Municipal Corporation has forcibly taken over possession of a 22-storey rehab building in DB Realty's One Mahalaxmi project at Rangwala Compound in Jacob Circle to quarantine high-risk people who came in contact with Covid-19 patients.

Maharashtra energy minister demands special economic package for power sector

Publication: content.magicbricks Date : 28 April 2020
Raut made this demand during the power purchase review meeting with private power producers via video conferencing on April 27.

27 April 2020 NEWS

Mumbai region's slum rehab authority allows pre-monsoon work at project sites

Publication: content.magicbricks Date : 27 April 2020
In a circular issued earlier today, the authority has allowed work on incomplete foundation and basement works that may cause danger to the adjoining building or cause flooding for slum rehabilitation sites.

ITAT grants stay of demand, to enable Mumbai builder to pay workers

Publication: content.magicbricks Date : 27 April 2020
The Mumbai bench of the ITAT intervened by treating the matter as urgent, as government advisories had called upon employers to take care of its workforce during the pandemic.

25 April 2020 NEWS

India Cements resumes operation partially at some plants

Publication: realty.economictimes.indiatimes Date : 25 April 2020
However, over the impact of the lockdown on the company, India Cements said considering the uncertainties involved it is "not ascertainable at this stage"

Over 1,300 firms get MIDC nod to resume work amid lockdown

Publication: content.magicbricks Date : 25 April 2020
Companies that adhere to these norms will get certification to begin operations and so far, 1,355 units have been permitted, the official said.

Sebi proposes easier fund raising norms for stressed companies

Publication: content.magicbricks Date : 25 April 2020
Listed companies that are facing financial stress are in need of fund infusion to tide over the current stress situation.Such listed firms face certain difficulties in raising capital through the conventional means.

24 April 2020 NEWS

LIC Housing Finance reduces home loan rates to 7.4%

Publication: content.magicbricks Date : 24 April 2020
LIC Housing Finance (LIC HFL) has reduced its rates of interest for individual home loan borrowers with immediate effect, the company said in a media release.

Central government to replicate Maharashtra's drone survey for property validation

Publication: realty.economictimes.indiatimes Date : 24 April 2020
The first survey of properties in the state using unmanned aerial vehicles (UAVs) was launched in Pune district’s Sonori village last year to map spatial information.

22 April 2020 NEWS

Maharashtra tells ED & CBI to take DHFL promoters into custody

Publication: realty.economictimes.indiatimes Date : 22 April 2020
"The Wadhawans' quarantine will end at 2 p.m. today. On Tuesday, we wrote to the Central Bureau of Investigation and ED to take them into custody," Deshmukh said.

Mumbai: After 20-year battle, SC says two JVPD plots 'open spaces'

Publication: content.magicbricks Date : 22 April 2020
The spaces amount to 10% of total area of the two layouts, while BMC’s Development Control Rules (1967 and 1991) mandate more than 15% as open space for such large plots.

21 April 2020 NEWS

Mumbai's air quality improves as nitrogen oxide levels dip after lockdown, finds study

Publication: content.magicbricks Date : 21 April 2020
The data analysed by CREA shows that carbon emission hotspots over major cities as well as industrial and coal combustion-dominated areas have reduced significantly post March 24, when the lockdown began.

Developers, architects should be ashamed of creating slums: Ratan Tata

Publication: content.magicbricks Date : 21 April 2020
"The high-value housing units that have come up at a place where the slum once stood makes the slums a residue of development," Tata rued at an online discussion organised by Corpgini.

20 April 2020 NEWS

Don't collect rent for 3 months, Maharashtra housing department advises landlords

Publication: content.magicbricks Date : 20 April 2020
As the circular signed by Housing Secretary Sanjay Kumar went viral on social media, it created a stir among landlords who wondered whether the government had the legal power to enforce it.

19 April 2020 NEWS

Over 12 lakh construction workers in Maharashtra to get Rs 2,000 each

Publication: realty.economictimes.indiatimes Date : 19 April 2020
State Labour Minister Dilip Walse Patil observed that workers were reeling under hardships and finding it difficult to take care of their daily needs, as construction activities had come to a halt due to the lockdown.

17 April 2020 NEWS

Maharashtra asks landlords to give tenants rent breather

Publication: realty.economictimes.indiatimes Date : 17 April 2020
In a circular issued on Friday, Additional Chief Secretary (Housing Department) Sanjay Kumar also asked landlords not to drive tenants out of their homes if they fail to pay rents during the current period.

Mumbai: Adani Electricity supplies power on emergency basis in quarantine areas

Publication: content.magicbricks Date : 17 April 2020
Power supply has been released to 2957 flats and 9 hospitals with 500 bed capacity identified for quarantine purpose.

Special court rejects DHFL promoters' plea

Publication: content.magicbricks Date : 17 April 2020
The plea was rejected by the court on the grounds that the matter is not urgent and the accused has liberty to apply after the lockdown is lifted, Wadhawans' lawyer said on April 17.

Oberoi Realty prepays NCDs worth Rs 125 crore

Publication: content.magicbricks Date : 17 April 2020
In March 2020, Invesco Global picked up equity shares worth Rs 220 crore of Oberoi Realty through open market transaction.

16 April 2020 NEWS

Covid-19 hotspots Mumbai, Pune unlikely to benefit from relief to building projects

Publication: realty.economictimes.indiatimes Date : 16 April 2020
Mumbai Metropolitan Region (MMR) and Pune have both been declared as coronavirus hotspots. The maximum construction projects are also in these regions.

Realtors urge Maharashtra government to reduce stamp duty to 1% for four months

Publication: realty.economictimes.indiatimes Date : 16 April 2020
"We have sought one per cent reduction in stamp duty for four months, which will provide the much-needed fillip to the sector and encourage home buying in the MMR," Credai-MCHI President Nayan Shah said in a statement.

15 April 2020 NEWS

Power demand dips by 12-26% in Maharashtra

Publication: content.magicbricks Date : 15 April 2020
Overall power consumption in the state dipped by 12% during morning peak load and by 26% in the evening, MSEDCL statistics have shown.

14 April 2020 NEWS

Mumbai: Promoters of X BKC project invokes force majeure clause

Publication: content.magicbricks Date : 14 April 2020
Invoking the force majeure clause in view of the Covid-19 lockdown, the promoters of X BKC project in Kala Nagar, Bandra have asked the original tenants of MIG Colony not to deposit their rent cheques for May-June period.

11 April 2020 NEWS

Maharashtra seeks money from MMRDA, CIDCO, MHADA, SRDA and MIDC

Publication: realty.economictimes.indiatimes Date : 11 April 2020
MUMBAI: Faced with a liquidity crunch, the state government has asked its cashrich corporations MMRDA, CIDCO, MHADA, SRDA and MIDC to loosen the purse strings. All put together, the cash reserves of these corporations come to Rs 30,000 crore.

10 April 2020 NEWS

Maharashtra allows industries to delay lease rental payments

Publication: realty.economictimes.indiatimes Date : 10 April 2020
The decision was announced by Industries & Mining Minister Subhash Desai who met a CII- delegation on Thursday wherein he sought their support to contain the spread of the virus

07 April 2020 NEWS

Covid Impact: Maharashtra stamp duty collections plummet 40%

Publication: realty.economictimes.indiatimes Date : 07 April 2020
“This is largely because property registration offices were shut during the COVID19 lockdown,” said Sandeep Reddy, co-founder, Propstack - a real estate and financial data intelligence provider.

31 March 2020 NEWS

BMC to use unoccupied buildings for migrants

Publication: content.magicbricks Date : 31 March 2020
BMC Commissioner Praveen Pardeshi has asked officials of the building proposals department to identify newly constructed buildings in their jurisdictions which are unoccupied so that they can serve as temporary shelters for stranded labourers and for other emergencies.

30 March 2020 NEWS

Thane municipal commissioner asks builders to take care of labourers

Publication: realty.economictimes.indiatimes Date : 30 March 2020
He said builders not providing basic amenities to their labourers during the 21-day lockdown for the novel coronavirus outbreak will be prosecuted.

Godrej Properties acquires Ceear Lifespaces

Publication: content.magicbricks Date : 30 March 2020
Godrej Properties has recently acquired 100% issued and paid-up share capital of Ceear Lifespaces (CLPL), the company informed in a BSE filing.

26 March 2020 NEWS

COVID-19: Maharashtra govt plans to grant funds for labourers

Publication: realty.economictimes.indiatimes Date : 26 March 2020
Maharashtra’s Labour Minister Dilip Walse-Patil told ET “We are reviewing the matter. However, we have not taken a final decision on this as yet.”

Ready reckoner rates publication postponed: Maharashtra Revenue Minister

Publication: realty.economictimes.indiatimes Date : 26 March 2020
But now, the revenue department officials are busy in tackling the coronavirus crisis, hence the ready reckoner rates will be published after the state is coronavirus-free, Thorat said in a statement.

25 March 2020 NEWS

Credai wants MahaRERA to push deadline

Publication: realty.economictimes.indiatimes Date : 25 March 2020
Developers from Pune said workers have left for their respective hometowns and that work had ground to a halt.

Covid-19: Credai-Maharashtra to provide ration to construction workers

Publication: realty.economictimes.indiatimes Date : 25 March 2020
In its letter to all members across India, Credai urged developers to take care of their workers and ensure their health check-ups well.

24 March 2020 NEWS

Construction sites shut, but labour paid and looked after

Publication: content.magicbricks Date : 24 March 2020
All labour are off construction sites in labour camps at the worksite or at contractor sites, and are also being coached on sanitation, hygiene and social distance.

23 March 2020 NEWS

NGT serves notice in Bhendi Bazaar redevelopment project

Publication: content.magicbricks Date : 23 March 2020
The committee is to comprise State Level Environment Impact Assessment Authority (SEIAA), Maharashtra, State Pollution Control Board, Municipal Corporation of Greater Mumbai and Mumbai suburban collector.

21 March 2020 NEWS

Bombay Dyeing has breached section 12 & 18 of RERA act: MREAT

Publication: realty.economictimes.indiatimes Date : 21 March 2020
Bombay Dyeing and Manufacturing Co Ltd, the promoters of the project called 'Island City Centre' at Spring Mills Compound in Wadala immediately filed appeals before the Bombay high court to challenge the correctness of the Tribunal's findings.

20 March 2020 NEWS

Put on hold property demolition, auctions: Bombay HC

Publication: content.magicbricks Date : 20 March 2020
The Bombay High Court on March 19 suggested civic bodies in Maharashtra to temporarily refrain from carrying out demolition or auction of properties as courts, which are often moved in these matters for relief, are currently working for limited hours due to the coronavirus outbreak.

18 March 2020 NEWS

About 65% of flat buyers defaulting on payments: MCHI-Credai

Publication: content.magicbricks Date : 18 March 2020
The coronavirus outbreak has had a debilitating effect on the real estate industry with almost 65% flat purchasers defaulting on installments since last week, said MCHI-Credai, the apex body representing over 1,400 builders in the Mumbai metropolitan region (MMR).

17 March 2020 NEWS

Covid-19 Impact: MahaRERA adjourns all cases till March 31

Publication: realty.economictimes.indiatimes Date : 17 March 2020
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has adjourned all the cases before the authority and Adjudicating Officers till March 31 owing to the pandemic of Coronavirus.

Sebi penalises Garima Real Estate for fraudulently promising high returns

Publication: content.magicbricks Date : 17 March 2020
Capital markets regulator Sebi on March 16 imposed fines totalling Rs 3 crore on a real estate company. and its directors for fraudulently collecting funds from thousands of people in Madhya Pradesh in the name of providing high returns.

16 March 2020 NEWS

Bombay HC raps Maharashtra, centre over 'faulty' CRZ maps

Publication: content.magicbricks Date : 16 March 2020
Bombay High Court has sought the responses of the state and the Centre on the accuracy of the final Coastal Zone Management Plan (CZMP) maps for Greater Mumbai.

Maharashtra govt plans 500-km Konkan expressway

Publication: content.magicbricks Date : 16 March 2020
The Maharashtra government on March 14 announced a 500-kilometre greenfield expressway along the state's Konkan coast.

13 March 2020 NEWS

BMC recovers Rs 5 crore property tax by seizing vehicles of defaulters

Publication: content.magicbricks Date : 13 March 2020
The Brihanmumbai Municipal Corporation (BMC) said on March 12 that it could recover Rs 5 crore from property tax defaulters after seizing 17 luxury vehicles in various cases.

Lodha Ventures invests Rs 45 crore in service apartment startup

Publication: content.magicbricks Date : 13 March 2020
Lodha Ventures, the investment arm of Mumbai-based property developer Mangal Prabhat Lodha family, has invested Rs 45 crore in premium service apartment startup MultiLiving.

12 March 2020 NEWS

For DHFL depositors, it's a lonely battle

Publication: content.magicbricks Date : 12 March 2020
The money we got after selling our farm in Wardha was invested in Dewan Housing Finance Limited's (DHFL) fixed deposit plan.

PACL case: Sebi bans Sonu Nigam from selling, transferring agricultural land

Publication: content.magicbricks Date : 12 March 2020
Markets regulator Sebi has barred playback singer Sonu Nigam from disposing or transferring agricultural land in Karjat area in Maharashtra that he had purchased from a company of crisis-ridden PACL group.

List action against 1,137 buildings in Besa-Beltarodi: Bombay HC

Publication: content.magicbricks Date : 12 March 2020
A division bench comprising Justices Sunil Shukre and Avinash Gharote told the collector to provide details of builders involved in the violations and also names of civic officials who failed to act against the illegal structures.

BMC plans to renew plot leases, earn Rs 600 crore

Publication: content.magicbricks Date : 12 March 2020
In a major boost for revenue, the civic general body on March 11 cleared a Vacant Land Tenancy (VLT) policy.

10 March 2020 NEWS

To expedite work under PMAY, state allows MahaHousing to join ventures

Publication: realty.economictimes.indiatimes.com Date : 10 March 2020
The state government had formed MahaHousing with a primary objective of constructing five lakh affordable houses across the state by 2022.

09 March 2020 NEWS

MahaRERA tells Alamdar Infrastructure not to sell flats to protect tenant

Publication: realty.economictimes.indiatimes.com Date : 09 March 2020
According to the complaint filed by Pervin Bahadurji, she had surrendered her premises for the redevelopment of Marine Palace off Princess Street at Marine Lines and was allocated flat no. 2101on the 21st floor of the building with carpet area 1221.39 sqft by developer Alamdar Infrastructure Pvt Ltd.

07 March 2020 NEWS

Maharashtra cuts stamp duty by 1% for two years

Publication: realty.economictimes.indiatimes.com Date : 07 March 2020
The cut is expected to breathe new life into the ailing realty sector in Mumbai, Mumbai Metropolitan Region, Pune, Pimpri-Chinchwad and Nagpur.

05 March 2020 NEWS

Credai Maharashtra keen on SEZ land for affordable housing

Publication: realty.economictimes.indiatimes.com Date : 05 March 2020
The state government announced on Tuesday that it intended to create a stock of 30,000 housing units in the next two years.

Over 100 deaths in building collapse cases in five years in Mumbai

Publication: realty.economictimes.indiatimes.com Date : 05 March 2020
One of the major incidents of building collapse was the crashing of Siddhi Sai building in suburban Ghatkopar in July 2017 in which 17 residents were killed.

MahaRERA pulls up over 950 developers for not completing projects

Publication: realty.economictimes.indiatimes.com Date : 05 March 2020
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has called these developers for suo motu hearings in April.

04 March 2020 NEWS

South Mumbai gets affordable

Publication: content.magicbricks Date : 04 March 2020
MHADA has now made it cheaper for developers to invest in redevelopment projects in South Mumbai. This directly translates to affordable homes being provided to the common man in the heart of the city.

Coming soon: 25,000 ready-to-move-in affordable homes

Publication: content.magicbricks Date : 04 March 2020
If recent reports are to be believed, Mumbai Metropolitan Region (MMR) is set to create an additional stock of Ready-To-Move-In (RTMI) homes by the end of 2020. And those seeking affordable housing stand to benefit.

03 March 2020 NEWS

Maharashtra will create 30,000 housing stock in two years: Government

Publication: realty.economictimes.indiatimes.com Date : 03 March 2020
Minister Jitendra Awhad told the House 10 percent each of houses built by Maharashtra Housing and Area Development Authority (MHADA) will be reserved for police personnel and Class IV government staff.

Maharashtra: Demand for transfer of land in name of societies

Publication: realty.economictimes.indiatimes.com Date : 03 March 2020
There are approximately one lakh cooperative housing societies in the state, of which only 40,000 have been conveyed by the developer or by way of deemed conveyance, Suhas Patwardhan, vice-chairman of the Maharashtra Cooperative Housing Federation, said.

Panel asks municipal commissioner to explain delay in issuing OC to Mhada scheme

Publication: realty.economictimes.indiatimes.com Date : 03 March 2020
Mishra approached the commission, Nagpur, under section 12 of the Consumer Protection Act, 1986, seeking Rs42 lakh compensation from Mhada for ‘delay in delivery of possession’ and ‘deficiency in service’.

02 March 2020 NEWS

Nearly 4,000 mill workers allotted Mhada flats

Publication: realty.economictimes.indiatimes.com Date : 02 March 2020
Under the housing project, Mhada has constructed 720 flats at Bombay Dyeing Mill land in Wadala, 2,630 flats in Spring Mills and 544 flats in the Srinivas Mill area at Lower Parel with all basic amenities.

28 February 2020 NEWS

BMC terminates RNA group company's contract for Wadala redevelopment

Publication: content.magicbricks.com Date : 28 February 2020
In a blow to a developer who repeatedly defaulted on transit rent payments to over 300 tenants, the Brihanmumbai Municipal Corporation on February 26 terminated the June 2006 tripartite agreement between the East & West Developers, the residents' society, and the corporation.

17 February 2020 NEWS

Mumbai collector asks Nirmal Developers, SREI Equipment to attend plot auction hearing

Publication: content.magicbricks.com Date : 17 February 2020
The Mumbai suburban collector has scheduled a hearing on the cancelled auction under the Real Estate (Regulation and Development) Act (RERA) provisions of a 2600

MREAT orders Radius & Deserve Developers to refund buyer's money

Publication: realty.economictimes.indiatimes.com Date : 17 February 2020
Radius and Deserve Developers LLP will have to refund Rs 9.23 lakh with interest from April 2016 to Sunita Gunjal whose demand for compensation was rejected by the tribunal

16 February 2020 NEWS

Kolhapur-based builder gets show-cause notice for levelling land

Publication: realty.economictimes.indiatimes.com Date : 16 February 2020
The town planning authorities said that height of the land has been increased to 3 ft which, according to them, is violation of the clause 53

CCTV cover to be a must in all buildings: Maharashtra home minister

Publication: realty.economictimes.indiatimes.com Date : 16 February 2020
We have proposed the installation of certain software, embedded with artificial intelligence, in CCTV control rooms so that they can detect the face of any criminal

15 February 2020 NEWS

Maharashtra government to build houses for Dabbawalas in Mumbai

Publication: realty.economictimes.indiatimes.com Date : 15 February 2020
The decision was taken during a meeting chaired by Maharashtra Deputy Chief Minister Ajit Pawar, who ordered the state departments and officers concerned

Few takers for town planning schemes in Maharashtra

Publication: realty.economictimes.indiatimes.com Date : 15 February 2020
The decision was taken during a meeting chaired by Maharashtra Deputy Chief Minister Ajit Pawar, who ordered the state departments and officers concerned

13 February 2020 NEWS

Maharashtra Credai urges government to keep RR rates unchanged

Publication: realty.economictimes.indiatimes.com Date : 13 February 2020
The appeal comes even as district meetings of local representatives are on in the state for suggestions on RR rates. The state kept the rates unchanged in the last two years.

12 February 2020 NEWS

Rera asks homebuyers to take over city redevpt project stalled for 4 yrs

Publication: epaper.timesgroup.com Date : 12 February 2020
MahaRera has come to the rescue of homebuyers whose investments were stuck in a stalled 17-storey building in Kandivli (west), asking them to take over the redevelopment project.

11 February 2020 NEWS

Panel led by chief secretary to look at ways to boost development

Publication: hindustantimes.com Date : 11 February 2020
Chief minister (CM) Uddhav Thackeray on Monday set up a committee under the chief secretary to look into the demand for concessions to boost development and redevelopment projects,

10 February 2020 NEWS

Mumbai-Alibaug Ro-Ro car ferry is ready to go

Publication: cntraveller.in Date : 10 February 2020
The much-delayed Ro-Ro car ferry from Mumbai to Mandwa will be flagged off next month. That long drive you have to make to get to the strip of land just beyond the horizon may now be a thing of past.

Two years on, Maharashtra's bailout scheme for SRA builders a dumped

Publication: content.magicbricks.com Date : 10 February 2020
Scheme offers soft loans to projects stalled due to fund crunch, but not one application cleared
MUMBAI: More than two years after the state government launched a bailout scheme

09 February 2020 NEWS

MahaRERA directs builders to file source complaints if unable to register project

Publication: content.magicbricks.com Date : 09 February 2020
The move brings relief to developers in the state as they were not able to register their projects with the sub-registrar office for want of RERA registration, though they had occupancy certificate ready.

06 February 2020 NEWS

Nine months before Andheri-Dahisar Metro 7 deadline, contractor axed over work delay

Publication: content.magicbricks.com Date : 06 February 2020
Nearly nine months before the deadline for the Andheri-Dahisar Metro 7, the MMRDA has terminated the contract awarded to infrastructure major Simplex for the construction of the Andheri-Goregaon

'We're investing in infrastructure to ensure happier Mumbaikars'

Publication: content.magicbricks.com Date : 06 February 2020
After tabling his first BMC budget on February 4, Municipal Commissioner Praveen Pardeshi spoke exclusively to TOI on the preparation of the country's richest civic body's

05 February 2020 NEWS

Vision 2030 in BMC budget

Publication: hindustantimes Date : 05 February 2020
With an aim to make Mumbai happy, the Brihanmumbai Municipal Corporation (BMC), in its budget 2020-21 on Tuesday, came up with Vision 2030

Revenue Generation Now An Uphill Task For Mumbai Civic Body

Publication: hindustantimes Date : 05 February 2020
While first five years of the decade saw 55% increase in income, BMC was hit by the real estate crisis in the second half of the decade

Vision 2030: A Happy Mumbai

Publication: hindustantimes Date : 05 February 2020
Speedy commute, pure water and improved health services are among the plans unveiled in the budget to improve the ‘citizens happiness index’

04 February 2020 NEWS

MahaRERA Office Splits Over 'Personal Comfort'

Publication: mid-day Date : 04 February 2020
he existing Bandra office of the MahaRERA Authority has been bifurcated to separate locations in BKC and Churchgate, allegedly

Will BMC Propose New Taxes To Increase Revenue?

Publication: mid-day Date : 04 February 2020
BMC is keen on finding ways to increase its income that has taken a sharp hit due to falling revenue from the real estate sector.

Builders in Maharashtra still await clarity on September 20 circular

Publication: Economictimes.indiatimes Date : 04 February 2020
A revenue department circular of September 20, 2019, insists on registration of such projects with RERA before registering them with sub-registrar offices in the state.

03 February 2020 NEWS

Navi Mumbai residents criticise CIDCO over housing project

Publication: Economictimes.indiatimes Date : 03 February 2020
The residents claim the plot on which the project will come up was reserved for, among other things, a bus depot and playground, and CIDCO changed its status without following necessary procedures.

Thane: Consumer forum orders Ganraj Group, society to pay Rs 20 lakh to flat buyer

Publication: Economictimes.indiatimes Date : 03 February 2020
The flat's owner, Kishor Narkhede, had alleged that the society refused to give him a share certificate, demanded excessive money and prevented the family from peacefully using their flat and parking lot.

Hiranandani Horticulture Experts Bags 17 Awards at TMC Annual Horticulture Awards

Publication: Businesswire india Date : 03 February 2020
Thane Municipal Corporation (TMC) hosted its 12th Annual Horticulture Award 2019-20 on 12th January 2020 at Raymond Ground, Thane.

01 February 2020 NEWS

European Investment Bank to invest 600 million euros in Pune Metro

Publication: Economictimes.indiatimes Date : 01 February 2020
A Memorandum of Understanding for the first tranche of 200 million euros (Rs 1,600 crore) was signed in the presence of Maharashtra Chief Minister and top EIB officials to fund construction of two new metro lines, 30 stations and purchase of 102 new rail cars.

31 January 2020 NEWS

Indiabulls Real Estate to merge certain Embassy Property projects with self

Publication: content.magicbricks Date : 31 January 2020
Realty developer Indiabulls Real Estate has approved merging certain ongoing, completed and planned residential and commercial projects of Embassy Property Developments with self.

29 January 2020 NEWS

Bombay High Court scraps grant of Bandra plot to IAS Academy

Publication: content.magicbricks Date : 29 January 2020
In a relief to the residents of Pal Hill in Bandra who had moved the Bombay High Court in 2018 against a 4600 sqft civic body-owned premises being given to Shiv Vidya Prabodhini Balasaheb Thackeray IAS Academy without inviting any bids.

28 January 2020 NEWS

Conservation experts submit reports in Bombay HC to restore Esplanade Mansion

Publication: content.magicbricks Date : 28 January 2020
It is finally good news for the survival of the heritage Esplanade Mansion. An expert panel appointed by the Bombay High Court has in two separate reports recommended its repairs and restoration, not its razing.

Mumbai: Twenty-one years on, BMC reclaims 1.6-acre Cuffe Parade plot

Publication: content.magicbricks Date : 28 January 2020
Twenty-one years after the BMC's licence agreement with a private trust to develop a 1.6-acre recreation ground in the prime Cuffe Parade ended, the civic body finally took possession of the plot on January 27 morning.

27 January 2020 NEWS

MahaRERA orders Persipina Developers to not charge for open car parkings

Publication: content.magicbricks Date : 27 January 2020
The Maharashtra Real Estate Regulatory Authority (Maha-RERA) has ruled that open parking spaces fall within the definition of common areas in the Real Estate (Regulation and Development) Act.

Air India hopes to sell its plot in Navi Mumbai for Rs 1,500 crore

Publication: content.magicbricks Date : 27 January 2020
Air India is expected to earn Rs 1,500 crore from the sale of a land parcel in the Nerul area of Navi Mumbai. However, a portion is currently occupied by some retired employees.

25 January 2020 NEWS

Maharashtra government increases lease rate of civic properties

Publication: Economictimes.indiatimes Date : 25 January 2020
The lease rate for properties owned by all civic bodies across Maharashtra has been increased from 2.5% to 8% of the existing Ready Reckoner (RR) rates by the state government.

Maharashtra: Free legal assistance for distressed buyers from Feb 1

Publication: Economictimes.indiatimes Date : 25 January 2020
Lawyers registered with Maharashtra Real Estate Regulatory Authority (MahaRERA) have decided to help homebuyers with free legal consultancy and representation before the tribunal from February 1

23 January 2020 NEWS

Tech glitch hits registration of leave & licence agreements in Maharashtra

Publication: Economictimes.indiatimes Date : 23 January 2020
The state registration department has failed to complete e-registration of over 10,000 leave and licence agreements in the past three days and has blamed the situation on “technical snags”

22 January 2020 NEWS

Real Estate in 2020: Green shoots are too visible to be ignored

Publication: FINANCIAL EXPRESS Date : 22 January 2020
This year is going to be a year of consolidation and growth for the real estate sector for various reasons.

Mumbai: New state norms stalls cessed buildings redevelopment

Publication: FREE PRESS JOURNAL Date : 22 January 2020
Mumbai: The redevelopment of cessed buildings has been stalled due to the September 2019 government resolution (GR). According to this GR, passed by the former BJP government, the developer is required to have a total turnover of Rs 10-50 crore in three years.

SBI launches ‘guarantee’ plan for home buyers

Publication: BUSINESS LINE Date : 22 January 2020
State Bank of India (SBI) has launched Residential Builder Finance with Buyer Guarantee (RBBG) to safeguard home buyers financially by issuing guarantee for completion of projects to customers availing SBI Home Loans.

21 January 2020 NEWS

Maharashtra has over 370 green building projects: GBCI

Publication: Economictimes.indiatimes Date : 21 January 2020
Maharashtra is followed by Karnataka, Haryana, Tamil Nadu and Uttar Pradesh, respectively. In a change from last year, Haryana has moved up in the list, edging out Tamil Nadu for the third spot.

20 January 2020 NEWS

Banking on Budget for steps to boost real estate and ancillary segments: HPL Electric

Publication: BUSINESS LINE Date : 20 January 2020
The Centre will have to do some more heavy-lifting to support the real estate sector and boost demand for ancillary segments such as electricals, according to Gautam Seth, Joint Managing Director of HPL Electric & Power Ltd.

Budget 2020: PMO tells FM Nirmala Sitharaman not to set over ambitious targets

Publication: FINANCIAL EXPRESS Date : 20 January 2020
Budget 2020 India: The ministry and PMO officials are going through broad economic figures of budget documents in detail so that they are not embarrassed because of 'clerical' errors.

Budget 2020: All you need to know about the 'halwa ceremony'

Publication: MINT Date : 20 January 2020
The process of printing documents for the Budget 2020-21 will begin today with the ritual ‘halwa ceremony’. Finance Minister Nirmala Sitharaman, other officials of the ministry and clerks will be present at the ceremony which will be held at North Block.

19 January 2020 NEWS

Mumbai: Now self-certified audit for SRA buildings

Publication: Economictimes.indiatimes Date : 19 January 2020
MUMBAI: In yet another benefit for builders of Slum Rehabilitation Authority (SRA) projects, the authority has waived off the mandatory structural audit for buildings done by the SRA for slum rehabilitation buildings.

18 January 2020 NEWS

Maharashtra: Revenue officials hopeful of land titling bill nod in Budget 2020

Publication: Economictimes.indiatimes Date : 18 January 2020
PUNE: The land titling bill is likely to be cleared in the upcoming budget session, senior revenue officials in the state government stated.

Maharashtra's revenue from property registrations dips by Rs 783 crore

Publication: Economictimes.indiatimes Date : 18 January 2020
MUMBAI: The number of properties registered across Maharashtra fell to 8.1 lakh in 2019 from 9.45 lakh in 2018, recent data from the revenue department revealed. This 14.23 per cent drop meant that the government

16 January 2020 NEWS

Maharashtra plans Kochi model to raze huge illegal buildings

Publication: Economictimes.indiatimes Date : 16 January 2020
PUNE: The Maharashtra government plans to replicate the Kochi model to pull down the illegal structures by roping in demolition expert S B Sarwate, a senior official in the urban development department said on Wednesday.

Dharavi residents oppose plan to re-invite redevelopment bids

Publication: Economictimes.indiatimes Date : 16 January 2020
Residents of Dharavi have decided to oppose any plan by the government of Maharashtra to re-invite bids for its ambitious project to redevelop Asia’s largest slum, in the centre of India’s financial capital, Mumbai.

15 January 2020 NEWS

Maharashtra government lobbies for 'rational' approach to new RR rates

Publication: Economictimes.indiatimes Date : 15 January 2020
PUNE: Land use changes in the past two years, boundary modifications from rural to urban areas, sale transactions in all zones and alterations in the development control rules will be reflected in this year’s “rationalized

Maharashtra government to help builders in developing SRA projects

Publication: Economictimes.indiatimes Date : 15 January 2020
MUMBAI: The state government will soon roll out a ‘lien’ scheme in a bid to bail out cash-strapped builders whose Slum Rehabilitation Authority (SRA) projects are stuck due to lack of funds.

14 January 2020 NEWS

Mumbai: Housing society ordered to pay compensation for denying membership

Publication: Economictimes.indiatimes Date : 14 January 2020
MUMBAI: A consumer court in Bandra directed a co-operative housing society in Andheri (west) to pay a woman Rs 1.50 lakh as compensation for causing mental and financial harassment by denying her membership for over a decade. Sonal Vasaikar had told the court that the apartment

13 January 2020 NEWS

Lifeline from India's biggest bank offers beaten builders hope

Publication: Business time Date : 13 January 2020
[MUMBAI] India's beleaguered developers see a glimmer of hope after the nation's biggest bank announced a programme that could unclog choked funding lines to the property market.

SBI arm clears 4 applications for stressed real estate fund

Publication: Epaper Timesgroup Date : 13 January 2020
SBICAP Ventures, which has been entrusted with the task of managing the proposed Rs 25,000-crore real estate stressed asset fund, cleared the first batch of four applications, lending Rs 25 crore each to the realtors.

Indiabulls exits three realty projects of investee firms

Publication: Economictimes.indiatimes Date : 13 January 2020
MUMBAI: Mortgage lender Indiabulls Housing Finance has exited three realty projects of its investee companies across Mumbai, the National Capital Region (NCR) and Hyderabad, worth nearly Rs 450 crore, said two persons with direct knowledge of the development.

Nirmal Lifestyle's Rs 40-crore Mulund plot to be auctioned to repay buyers

Publication: Economictimes.indiatimes Date : 13 January 2020
MUMBAI: In one of the biggest auctions under Real Estate (Regulation and Development) provisions in Mumbai so far, a 2597.40-sq m plot belonging of Nirmal Lifestyle group valued at Rs 40 crore in Mulund will auctioned by the Kurla Tahsildar

10 January 2020 NEWS

Maharashtra relaxes renting rules for housing societies built on government land

Publication: Economictimes.indiatimes Date : 10 January 2020
MUMBAI: The state administration has withdrawn a condition that required flat owners in housing societies built on land leased by the government to get the district collector's permission