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

09 January 2020 NEWS

Homebuyers in 25 stalled projects move MahaRERA

Publication: Economictimes.indiatimes Date : 09 January 2020
As many as 25 associations of allottees from Pune, Mumbai and Thane have approached the Maharashtra Real Estate Regulatory Authority for taking control of their stalled projects since January 1 this year.

Bombay HC junks property tax hike levied by Chandrapur civic body

Publication: Economictimes.indiatimes Date : 09 January 2020
The Nagpur bench of Bombay high court on Wednesday quashed the property tax hike levied on the citizens by Chandrapur Municipal Corporation (CMC) with effect from 2016-17. Interestingly, the hike was effected by the CMC in complete contrast to its earlier

08 January 2020 NEWS

Maharashtra's property registration website provides unclear information: Researchers

Publication: Economictimes.indiatimes Date : 08 January 2020
Information on the state property department’s registration website do not give a clear picture of the realty market transactions despite daily updates, data researchers feel.

Global Office Spaces at Quantum Hiranandani Estate Thane

Publication: businesswire india Date : 07 January 2020
Among the success stories that have driven the fame and prestige of ‘Twin City’ Thane, Hiranandani Estate on Ghodbunder Road is the largest residential and commercial mixed-used integrated township community.

07 January 2020 NEWS

ED suspends bank account of HDIL promoter's wife

Publication: Economictimes.indiatimes Date : 07 January 2020
MUMBAI: The Enforcement Directorate (ED) has frozen a bank account belonging to Anu Wadhawan, the wife of Sarang Wadhawan, the jailed promoter of Housing

Bombay HC asks Maharashtra government how data is used for ready reckoners

Publication: Economictimes.indiatimes Date : 06 January 2020
MUMBAI: The Bombay high court has directed the Maharashtra government to give information on the data used to decide land rates for its ready reckoners, a yearly index of market prices of properties.

02 January 2020 NEWS

MahaRERA says industrial units not under purview

Publication: Economictimes.indiatimes Date : 02 January 2020
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has in a recent order held that industrial units or buildings part of such units would not come under the purview of the Real Estate (Regulation and Development) Act, 2016.

01 January 2020 NEWS

Air India to seek clarity from Maharashtra government on its Nariman Point building

Publication: Economictimes.indiatimes Date : 01 January 2020
MUMBAI: State-run carrier Air India will request the new Maharashtra government to clarify whether it is still interested in taking over its iconic building in posh Nariman Point,

PMC Bank reported HDIL loan of only Rs 420 crore

Publication: Economictimes.indiatimes Date : 01 January 2020
MUMBAI: The beleaguered Punjab and Maharashtra Co-operative (PMC) Bank had allegedly misreported the unpaid loans of real estate firm Housing Development Infrastructure Limited (HDIL)


Nashik: Drone survey of villages in Rahata taluka completed

Publication: Economictimes.indiatimes Date : 30 DECEMBER 2019
The land records department has completed the drone-based survey of 123 villages in the Rahata taluka of Ahmednagar district in Nashik division as a part of the mapping of gaothan areas to present the right for dwelling on the gram panchayat land.

MahaRERA high on registration, low on grievance redressal

Publication: Economictimes.indiatimes Date : 30 DECEMBER 2019
Maharashtra may enjoy the top slot among states when it comes to registration of real estate projects and also in terms of complaints it has disposed off. But that is where the distinction ends.


In major revamp, govt clears merger of 8 railway services

Publication: TIMES OF INDIA Date : 25 DECEMBER 2019
New Delhi: In a major revamp of Indian Railways, the government on Tuesday decided to merge eight different services and create the Indian Railways Management Services, while restructuring the railway board to create a structure similar to a company board, as part of a plan to put the state transporter back on track.

Mumbai-Ahmedabad Tejas Express to halt at Borivli,three more stations

Publication: TIMES OF INDIA Date : 25 DECEMBER 2019
MUMBAI: The Railway Board decided to include Borivli and three other stations as halts for the private Tejas Express that will operate between Mumbai and Ahmedabad from next month.

BMC parking policy capped fine at Rs 800

Publication: MUMBAI MIRROR Date : 25 DECEMBER 2019
Parking policy approved in 2015 states that the penalty can only be four times the charges for a day’s parking in PPLs

How to deal with the demand slowdown

Publication: BUSINESS LINE Date : 26 DECEMBER 2019
Revival of demand is key not just for consumption, but also private investment. Tweaking the tax rates can help in this

Home sales jump in ‘showstopper’ Mumbai

Publication: ECONOMIC TIMES Date : 27 DECEMBER 2019
Home sales in Mumbai, India’s financial capital, jumped to the highest in four years as property developers switched focus to building cheaper apartments, according to Anarock Property Consultants.

Realty check: Sales, launches in Mumbai rise from 2018

Publication: HINDUSTAN TIMES Date : 27 DECEMBER 2019
The real estate sector in the Mumbai Metropolitan Region (MMR) witnessed a slight improvement this year compared to 2018, in terms of new project launches and sales. Experts attributed the improvement to the launch of more affordable houses.


Publication: TIMES OF INDIA Date : 28 OCTOBER 2019
Developer was first issued a show-cause notice in 2014 after which he changed the name of the Pirangut project;

NGT rap on developer for not obtaining EC

Publication: MUMBAI MIRROR Date : 24 OCTOBER 2019
According to a recent report, a whopping 49 per cent of Indian millennials aspire to buy a home. Here’s a report... ‘How do I plan my EMIs?’ is the quintessential question most millennial loan borrowers ask. However, the far more significant question is, ‘How do I plan my down-payment

Government yet to clear 2,000 clauses of DP-2034

Publication: MUMBAI MIRROR Date : 20 OCTOBER 2019
Eknath Shinde given urban development portfolio but official not certain if there will be a cabinet rejig soon; they are

Maharashtra: Officials drag feet on Rs 24 crore recovery from developer

Publication: TIMES OF INDIA Date : 24 OCTOBER 2019
MUMBAI: Almost 10 months after MahaRERA issued recovery warrants for Rs 24 crore against Nirmal Developers following their failure to refund around 80 home buyers in the Nirmal Olympia project in Mulund, the buyers are yet to get their money.

GIC to pick up Rs 430-crore stake in Prestige Estates

Publication: ECONOMIC TIMES Date : 20 OCTOBER 2019
Mumbai: Singapore’s sovereign fund GIC is investing around Rs 430 crore in listed real estate developer Prestige Estates through a preferential issue of equity shares.

Indiabulls to sell commercial properties to Blackstone for Rs 810 cr

Publication: BUSINESS STANDARD Date : 24 OCTOBER 2019
Indiabulls Real Estate said on Monday it would sell its commercial properties in Mumbai and Gurugram to US-based private equity fund manager Blackstone for Rs 810 crore.

WeWork India leases 2.3 lakh sqft office space in Mumbai

Publication: Magicbricks Date : 27 DECEMBER 2019
New York-headquartered collaborative workspace major WeWork's India arm has picked up nearly 2.3 lakh sqft office space at Nesco IT Park in Goregaon suburb of Mumbai on a long-term lease, several persons with direct knowledge of the development, said.

Wider Mulund-Thane bridge by May, says minister Eknath Shinde

Publication: Times Of India Date : 26 DECEMBER 2019
THANE: Motorists making the daily trip from here to Mumbai and back have a better drive to look forward to in 2020 as the first phase of the Kopri bridge widening project is expected to be completed by May.

Thane civic body asks BMC to build 6.8-km pipeline from Balkum to Mulund Check Naka for water supply to the city

Publication: Mumbai mirror Date : 04 DECEMBER 2019
The Thane Municipal Corporation (TMC) has asked its Mumbai counterpart to build a large pipeline from Balkum (at the northern end of Thane) to Mulund Check Naka on the Eastern Express Highway for supply of water to the city.

More and more home buyers are turning to RTMI homes: Here’s why

Publication: economictimes indiatimes Date : 26 DECEMBER 2019
Ready to move in homes - this is a term that every new and experienced homebuyer is often seen studying. In a country like India, home buying is much more of an emotional and personal milestone than an economic one.

Bids invited for supply of 234 nos metro cars for Mumbai Metro Line-4

Publication: Urban transport news Date : 26 DECEMBER 2019
The Mumbai Metropolitan Region Development Authority (MMRDA) invites bids from the eligible and experienced Rolling Stock manufacturer for the supply of 234 nos. Metro Cars (Rolling Stock) for Mumbai Metro Line-4.

HC allows MMRDA to cut 36, transplant 913 trees in Thane for Metro-4

Publication: HINDUSTAN TIMES Date : 26 DECEMBER 2019
In a reprieve for the Mumbai Metropolitan Region Development Authority (MMRDA), the Bombay high court (HC) on Friday vacated stay on tree felling for Mumbai Metro-4 that connects Wadala in eastern suburbs to Kasarwadvli on Ghodbunder Road in Thane.


Mumbai: Builders To Now Keep Stock Of Debris; BMC To Construct Two Processing Plants

Publication: MID-DAY Date : 21 DECEMBER 2019
In order to ensure that construction and demolition debris doesn't find its way to the three dumping grounds, the civic body will construct two debris processing plants in the city. In order to assess the requirement, the civic body has asked MCHI-CREDAI, an association of real estate builders to provide an estimate of the quantity of debris

Why can’t Mumbai breathe easy? It tops in PM10 among 24 cities

Publication: HINDUSTAN TIMES Date : 21 DECEMBER 2019
The city’s air has the highest concentration of PM10 – particulate matter of 10 microns and below, which can easily enter the lungs and cause health ailments – of 24 cities in peninsular India, says a study released by the Centre for Science and Environment (CSE) on Friday.

Why is Metro 4 car shed plot rented out: TMC corporators

Publication: HINDUSTAN TIMES Date : 21 DECEMBER 2019
Thane Municipal Corporation (TMC) had given away a plot of land for free to build a car shed for Metro 4 project. A BJP corporator alleged that for the past one year the unknown party has collected Rs48 crore in rent.

Bombay HC allows MMRC, TMC to clear 1,700 trees for metro, road works

Publication: BUSINESS STANDARD Date : 21 DECEMBER 2019
The Bombay High Court on Friday permitted the Mumbai Metro Rail Corporation Ltd (MMRCL) and Thane Municipal Corporation (TMC) to cut and transplant over 1,700 trees to build Metro Line 4 and for renovation of Thane district court as well as road widening projects.


No possibility of GST rate hike till revenue stabilises: Sushil Modi

Publication: BUSINESS STANDARD Date : 22 DECEMBER 2019
Days after the Goods and Services Tax (GST) Council refrained from hiking the tax rates, Bihar Deputy Chief Minister Sushil Kumar Modi said there was no possibility of any such move till revenue stabilised. He said the Council had decided to consider changes in the rates once a year, and not in each and every meeting.

‘SRA designs curb air flow, worsen indoor air pollution’

Publication: HINDUSTAN TIMES Date : 22 DECEMBER 2019
The recent study, which reveals the indoor air pollution in Slum Rehabilitation Authority (SRA) homes in the city is five times the national limit, points to the need to revise the design policy for the buildings.

Air pollution in city’s SRA houses 5 times more than nat’l limit

Publication: HINDUSTAN TIMES Date : 22 DECEMBER 2019
Residents of low-income houses built in the city under the state’s Slum Rehabilitation Authority (SRA) scheme are exposed to high levels of indoor air pollution – similar to those living in slums – despite using low-emitting liquefied petroleum gas (LPG) cook stoves and electric lighting.

Bullet train project: Godrej again moves HC over land dispute

Publication: HINDUSTAN TIMES Date : 22 DECEMBER 2019
The dispute over the acquisition of land at Vikhroli for ventilation shaft and distribution and traction sub-stations of India’s first high-speed rail project between Mumbai and Ahmedabad, has again landed in the Bombay high court (HC) as Godrej and Boyce Manufacturing Company Ltd moved court in the case.


All existing notified SEZs deemed to be multi-sector SEZs: Government

Publication: BUSINESS STANDARD Date : 23 DECEMBER 2019
The central government has notified that all notified and existing Special Economic Zones (SEZs) shall be deemed to be multi-sector economic zones. This would release land parcels in single commodity SEZs for other sectors.

Highways sector to see ₹15 lakh cr investments in five years: Gadkari

Publication: MINT Date : 23 DECEMBER 2019
On the agenda for year 2020 is completing the about ₹12,000-crore Char Dham project The minister said with e-tolling coming into force, the toll income alone will cross ₹8,000 cr pa as ever since the FASTag system has been made mandatory

Maharashtra government may merge housing bodies

Publication: TIMES OF INDIA Date : 23 DECEMBER 2019
PUNE: The state government is considering bringing the several agencies in charge of affordable housing schemes under a single umbrella.

Committee to look into delayed SRA projects: Patil

Publication: BUSINESS STANDARD Date : 23 DECEMBER 2019
MaharashtraCabinet minister Jayant Patil said on Friday that a committee would be formed to enquire into incompleteSlum Rehabilitation Authority (SRA) projects.

The REIT way to play realty

Publication: HINDUSTAN TIMES Date : 04 OCTOBER 2019
ET Intelligence Group: Real estate investment trusts (REITs) can be an investment option for those seeking exposure to the realty sector amid lower demand and liquidity issues.

20 December 2019 News

HC nod to cut 500 mangrove trees for city infra projects

Publication: TIMES OF INDIA Date : 20 DECEMBER 2019
Mumbai: The Bombay high court on Thursday allowed state agencies to cut over 500 mangrove trees for infrastructure projects that were in the “public interest”, reports Swati Deshpande. The projects include an elevated corridor linking Airoli bridge to Thane-Belapur Road, a depot at Malwani for the Mumbai Metro 2A Dahisar-D N Nagar corridor and three bridges across Thane Creek for the proposed Navi Mumbai airport.

Rlys plans to upgrade LTT with two 8-storey terminals, commercial zones

Publication: TIMES OF INDIA Date : 20 DECEMBER 2019
Mumbai: Nearly three decades after its construction, Lokmanya Tilak Terminus, which caters to trains to east, north and south India, is set for a massive upgrade, with eight-storey terminals, three more platforms and commercial zones besides multi-level parking and skywalks.

Marina plan only for the rich, say urban planners

Publication: HINDUSTAN TIMES Date : 20 OCTOBER 2019
Urban planners are unhappy over the Mumbai Port Trust’s (MbPT) plan for a marina at Princess Dock in Mumbai, which will have a capacity of 300 yachts. They feel the project will cater to only a few elites and MbPT should utilise the funds to provide better amenities to Mumbaiites.

Clearing east coast for development: MbPT to release its revised plan soon

Publication: HINDUSTAN TIMES Date : 20 OCTOBER 2019
The Mumbai Port Trust (MbPT) will release a revised development plan for the city’s eastern waterfront soon.

Now Travel From South Mumbai To Navi Mumbai In Water Taxis

Publication: HINDUSTAN TIMES Date : 20 OCTOBER 2019
Water taxis are all set to roll out from 2020 which will enable Mumbaikars to travel from South Mumbai to Navi Mumbai in 30-40 minutes.

How to solve India’s real estate crisis

Publication: MINT Date : 20 OCTOBER 2019
Foreign funds and expertise can help stuck projects, but existing stakeholders will have to recognize deep losses Existing stakeholders will need to take some hard decisions and recognize deep losses

19 December 2019 News

Railways seeks private partner for real estate development

Publication: HINDU Date : 19 DECEMBER 2019
The Rail Land Development Authority (RLDA) has come up with plans for granting 99 years leasehold rights for commercial development of South Central Railway (SCR) land at Rifle Range and Chilakalguda. A Request for Proposal (RFP) notification has been issued for submission of e-bids online.

Elevated road will destroy the sanctity of MU, says Mungekar

Publication: HINDUSTAN TIMES Date : 19 DECEMBER 2019
Former vice-chancellor of the University of Mumbai (MU) and Congress’s former Rajya Sabha MP, Bhalchandra Mungekar, has raised questions over the varsity’s decision to hand over land to the Mumbai Metropolitan Region Development Authority (MMRDA) for the construction of an elevated road through the campus.

Civic body finds 7 plots to create 8,140 PAP homes

Publication: HINDUSTAN TIMES Date : 19 OCTOBER 2019
With housing units at Mahul ruled out after the Bombay high court (HC) order, the Brihanmumbai Municipal Corporation (BMC) has identified seven public plots, admeasuring over 1 lakh square meters, to build 8,140 housing units for those affected by various infrastructure projects.

Not handing over houses? BMC won’t give builder TDR for project

Publication: HINDUSTAN TIMES Date : 19 OCTOBER 2019
The Brihanmumbai Municipal Corporation (BMC) has decided not to approve Transfer of Development Rights (TDR) to developers for a project, unless they hand over the nearly 1,000 housing units reserved for project-affected people (PAP) in it.

Panje wetland in Uran being reclaimed again, BNHS tells CM

Publication: HINDUSTAN TIMES Date : 19 OCTOBER 2019
Despite directions from government agencies that the 213-hectare (ha) Panje wetland, home to five lakh migratory birds, should be protected, debris is being dumped at the site, environmentalists alleged.

GST Council Meeting: No rate hike, vote for single lottery rate

Publication: MINT Date : 19 DECEMBER 2019
The GST Council on Wednesday fixed a uniform tax rate of 28% both state and private lottery Revenue Secretary Ajay Bhushan Pandey said the new rate for lottery will come into effect from March 2020

In a first, GST Council holds a vote — for 28% uniform lottery tax

Publication: THE INDIAN EXPRESS Date : 19 DECEMBER 2019
After the meeting, Union Finance Minister Nirmala Sitharaman, who heads the Council, said “every attempt was made to keep that set tradition alive, every attempt was made to convince based on opinion making in the house”.

Piramal eyes affordable housing segment

Publication: MINT Date : 19 OCTOBER 2019
Piramal Realty is looking to double its residential development to 30 mn sq.ft over the next year, a top executive said The real estate company would look to build affordable homes as part of a larger residential project


SC clears decks for Mumbai’s coastal road, but with caveats

Publication: TIMES OF INDIA Date : 18 DECEMBER 2019
New Delhi: The Supreme Court has given a go-ahead to the coastal road project in Mumbai by staying a five-monthold Bombay high court order which stalled it on grounds of a lack of environmental and wildlife clearances.

Mumbai Coastal Road Project: SC stays Bombay HC order quashing CRZ

Publication: MINT Date : 18 DECEMBER 2019
The bench headed by Chief Justice SA Bobde was hearing the appeal filed by Municipal Corporation of Greater Mumbai The expressway is projected to be used by nearly 130,000 vehicles every day and reduce the 120-minute ride between South Mumbai and western suburbs to 40 minutes

Collection of property tax in city down 34%

Publication: TIMES OF INDIA Date : 18 OCTOBER 2019
Mumbai: Almost three quarters down the financial year, property tax collection shows a 34% deficit compared to last year as the BMC has issued no residential bills amid confusion over a waiver policy for homes under 500 sq ft.

GST centres to help file returns

Publication: TIMES OF INDIA Date : 18 DECEMBER 2019
New Delhi: With GST compliance remaining a big irritant for small businesses, the finance ministry is looking to set up facilitation centres on the lines of Aadhaar Seva Kendras to help traders and micro, small and medium enterprises file retur ns.

2019: A year of hope and despair for real estate

Publication: THE ASIAN AGE Date : 18 OCTOBER 2019
The year 2019 has been a tale of hope and despair simultaneously for the real estate sector. While it witnessed the successful launch of India's first REIT, opening up new avenues for further investments, commercial office space continued to be the most sought after asset class.

Mumbai builders oppose state housing authority’s new re-development rules

Publication: BUSINESS LINE Date : 18 OCTOBER 2019
Real-estate builders in Mumbai have lashed out at the state government’s ‘new proposed guidelines’ with regard to the re-development of old buildings, which want landlords to choose builders only from those registered with MHADA.


More scope to cut interest rates, says RBI Governor Shaktikanta Das

Publication: BUSINESS STANDARD Date : 17 DECEMBER 2019
There is scope for cutting interest rates further and the central bank will use it when required after studying the growth and inflation data, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Monday.

RBI ‘saw slowdown’ as early as Feb, cut rates ‘ahead of time’: Shaktikanta Das

Publication: THE INDIAN EXPRESS Date : 17 DECEMBER 2019
RBI Governor Shaktikanta Das on Monday said the central bank would do “whatever is necessary” to address growth slowdown, spikes in inflation as well to ensure good health of banks and non-bank lenders.

Finance Commission talks on GST stabilisation

Publication: FREE PRESS JOURNAL Date : 17 DECEMBER 2019
Mumbai: Economic Advisory Council of the Fifteenth Finance Commission on Monday discussed issues related to GST stabilisation and possible ways to improve tax collection for additional resource mobilisation.

FinComm’s final report to take note of GST stabilisation, revenue issues

Publication: THE INDIAN EXPRESS Date : 17 DECEMBER 2019
Speaking to reporters on Monday after the fifth meeting of the Economic Advisory Council of the 15th Finance Commission, its Chairman NK Singh said the report will be comprehensive and address wide ranging issues.

HC to state: Why 8-yr delay in framing wetlands document?

Publication: TIMES OF INDIA Date : 17 DECEMBER 2019
Mumbai: A Bombay high court bench of Justices S J Kathawalla and B P Colabawalla on Monday gave the state a dressing down over the delay in preparing a “brief document” to identify wetlands within Maharashtra. Such a document will enable the state to come out with an action plan to preserve the wetlands.

Around 400 applications filed for last mile funding for real estate projects: Sources

Publication: MONEY CONTROL Date : 17 DECEMBER 2019
The Rs 25,000-crore alternative investment fund (AIF), set up to provide last-mile funding for stalled real estate projects by the government, has raised Rs 10,530 crore in its first round and around 400 applications may have already been filed.


Online real estate portals asked to register with KRERA within two months

Publication: HINDU Date : 16 DECEMBER 2019
Online real estate portals, which have been giving serious competition to real estate agents for years, have now come under the lens of the Karnataka Real Estate Regulatory Authority (K-RERA) for promoting projects without details of RERA registration number — a requirement under the RERA Act and Rules.

Pradhan Mantri Awas Yojana: Features, Eligibility Criteria, Documents Required and How to Apply?

Publication: TIMES OF INDIA Date : 16 DECEMBER 2019
NEW DELHI: Introduced by the Prime Minister, Narendra Modi, the Pradhan Mantri Awas Yojana is a flagship project that aims to provide affordable housing to the urban poor. This scheme aims to build economical houses in selected cities and towns using eco-friendly construction methods.

Keppel Land, Rustomjee form JV to develop integrated township in Thane

Publication: ECONOMIC TIMES Date : 16 DECEMBER 2019
Keppel Land will be acquiring 49% stake in the joint venture company Kapstone Constructions for around Rs 410 crore. This is first such alliance between a Singaporean and an Indian developer for any project in Mumbai Metropolitan Region.


HMDA’s Uppal Bhagat land auction earns Rs 155 cr on Day 1

Publication: TIMES OF INDIA Date : 16 DECEMBER 2019
Hyderabad: Despite the economic slowdown, there was an overwhelming response to the open plot auctions conducted by the Hyderabad Metropolitan Development Authority (HMDA) in Uppal Bhagat layout on Saturday. On the first day of auction, the authority got around Rs 155 crore.

Land titling bill may have to wait awhile

Publication: TIMES OF INDIA Date : 16 DECEMBER 2019
Pune: The change in regime in the state has cast a shadow on the passage of the land titling bill, nearly cleared by the previous government.


Developers Are Rolling Out Offers. Homebuyers, Read The Fine Print Carefully

Publication: BLOOMBERG QUINT Date : 07 DECEMBER 2019
Till a few years ago, a homebuyer scouting for property in Mumbai always felt anxious. Developers gave an impression that prices could jump overnight, putting potential customers under pressure to commit.

Cidco Auctions Five Plots In Navi Mumbai At Highest Rates

Publication: BLOOMBERG QUINT Date : 07 DECEMBER 2019
Maharashtra’s town planning and development agency auctioned plots in Navi Mumbai at the highest rates even as the nation’s real estate market is grappling with a liquidity crunch. The City and Industrial Development Corporation auctioned five plots worth Rs 229 crore in Airoli and Vashi area of Navi Mumbai.

Real estate sector waits

Publication: HINDU Date : 07 DECEMBER 2019
RBI decision to halt rate cuts hints at slowdown but home loan borrowers can look forward to a better deal in the coming months if the economic scenario improves. By Balaji Rao After five consecutive rate cuts since early this year the Monetary Policy Committee think-tank has pressed the pause button.

Maharashtra govt to review mega infra projects; India Inc in watch mode

Publication: BUSINESS STANDARD Date : 07 DECEMBER 2019
Maharashtra government's decision to 'review' all major infrastructure projects in view of a major financial crisis suffocating the state has sent shockwaves in India Inc., though nobody has commented openly so far in the country's commercial capital.

Putting out spreading fires: Raghuram Rajan's cure for real estate, NBFC sectors

Publication: INDIA TODAY Date : 07 OCTOBER 2019
Noted economist Raghuram Rajan laid out a detailed plan for the recovery of the stressed real estate sector and non-banking financial companies (NBFCs), which are its key lenders.


RBI slashes growth forecast, leaves key rate unchanged

Publication: TIMES OF INDIA Date : 06 DECEMBER 2019
Mumbai: The RBI’s monetary policy committee (MPC) on Thursday slashed its GDP growth estimate but disappointed markets and borrowers by keeping its key policy rate unchanged after reducing it five consecutive times in 2019. It was widely expected that the central bank would reduce its repo rate—at which it lends to banks—by 25 basis points to a 10-year low of 4.9%.

HC lifts stay, opens door for Kanjur waste dumpyard expansion

Publication: TIMES OF INDIA Date : 06 DECEMBER 2019
Mumbai: The Bombay high court on Thursday in an interim order vacated a stay it had granted in September on the environmental clearance for the expansion of the Kanjurmarg landfill site. The expansion is required to operate an integrated scientific solid waste management system and the environmental clearance adds 52 hectares to the 65 hectares already in use at the site.

State govt stays infra, pilgrimage projects over ₹2cr by local bodies

Publication: TIMES OF INDIA Date : 06 DECEMBER 2019
Mumbai: The Uddhav Thackeray-led Maha Vikas Aghadi government has instructed the smaller civic corporations (excluding those like Mumbai, Thane and Pune), municipal councils, zilla parishads and gram panchayats in the state to stay all infrastructure and pilgrimage development works where funds between Rs 2 crore and Rs 25 crore have been sanctioned.

CM calls for single hsg authority to build a slum-free metropolis

Publication: TIMES OF INDIA Date : 06 DECEMBER 2019
Mumbai: Chief minister Uddhav Thackeray has suggested setting up a single authority for a slum-free Mumbai. Currently, several agencies, including BMC, Mhada. SRA and Cidco, provide lowcost housing to eligible slumdwellers as well as project affected persons.

State guarantees see 6-fold rise in three years to nudge ₹44,000cr

Publication: TIMES OF INDIA Date : 06 DECEMBER 2019
Mumbai: The new state government has declared that it has inherited a debt burden of Rs 6.8 lakh crore from its predecessor, which includes the debt of the state and its utilities.

Mumbai and Pune lead in Rera registered properties

Publication: FINANCIAL EXPRESS Date : 06 DECEMBER 2019
The deployment of Rera across India is increasing as around 46,480 projects and 36,671 real estate agents have been registered under Rera as on November 2019.

Income tax-saving FDs: Latest SBI, HDFC Bank, ICICI Bank, Bank of Baroda, PNB interest rates compared

Publication: MINT Date : 06 OCTOBER 2019
These tax-saving FDs have a lock-in period of five years The minimum investment amount can vary from bank to bank

Civic body mulls meters in each flat to reduce wastage of water

Publication: HINDUSTAN TIMES Date : 04 OCTOBER 2019
The Brihanmumbai Municipal Corporation (BMC) is mulling over the idea of setting up separate water meters for individual apartments instead of a combined meter system for housing societies.


Five SROs in place, developers told to get registered

Publication: TIMES OF INDIA Date : 05 DECEMBER 2019
Pune: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has appointed five developer bodies as self-regulatory organisations (SROs).

RBI keeps repo rate unchanged at 5.15%

Publication: MINT Date : 05 DECEMBER 2019
With a no rate action, the repo rate—the rate at which banks borrow from it—remain unchanged at 5.15% The decision to hold rates was a unanimous one by all the six members of the monetary policy committee

City breathes cleaner air; AQI drop is rare in Dec, say experts

Publication: HINDUSTAN TIMES Date : 05 DECEMBER 2019
The city recorded a considerable drop in pollution levels on Tuesday, a rarity in December, according to experts.

JNPT projects in Uran, Nhava under scanner

Publication: HINDUSTAN TIMES Date : 05 DECEMBER 2019
The Maharashtra Coastal Zone Management Authority (MCZMA) deferred a proposal made by the Jawaharlal Nehru Port Trust (JNPT) to construct sea walls at Gharapuri Island and Panje village in Uran, and a boat landing jetty at Nhava, over concerns of mangrove destruction.

Realty sector slowdown: Rise and fall of Ashok Piramal's Peninsula Land

Publication: BUSINESS STANDARD Date : 05 DECEMBER 2019
Peninsula Land, promoted by Ashok Piramal Group, had many firsts to its credit. It built Crossroads in South Mumbai, which was the country’s first mall. It developed Peninsula Corporate Park — one of the first mill lands in Mumbai to get converted into a corporate complex.


Infra projects won’t be scrapped, only prioritised’: CM Uddhav Thackeray

Publication: HINDUSTAN TIMES Date : 04 DECEMBER 2019
Chief minister Uddhav Thackeray on Tuesday reviewed several ongoing infrastructure projects in Mumbai and other parts of Maharashtra and said his government will prioritise them on the basis of the funds available with the state.

SC stays cutting of trees for Wadala-Thane Metro 4 line

Publication: TIMES OF INDIA Date : 03 DECEMBER 2019
Thane: A plan to cut or transplant nearly 3,500 trees for the Thane Metro line has been put on hold for two weeks by the Supreme Court. The top court on Monday restrained the state government and the region’s development body, MMRDA, from chopping trees for construction of the Metro 4 line.

Gujarat has released ₹105cr for bullet train, but Maha is yet to dip into kitty

Publication: TIMES OF INDIA Date : 03 DECEMBER 2019
Maharashtra has not yet contributed a penny in the form of equity to the Mumbai-Ahmedabad bullet train project, now set for a review as announced by chief minister Uddhav Thackeray. But reading between the lines, one finds the rub and a tale or two.

CM plans multi-level Bangkok-like aquarium

Publication: TIMES OF INDIA Date : 03 DECEMBER 2019
Mumbai: Chief minister Uddhav Thackeray wants a multi-level world class aquarium in Mumbai. To provide a big push for tourism, Thackeray discussed the feasibility of setting up a large aquarium in the city as well as other concepts such as a Tourism Street, a flamingo tour, and a night safari at the Sanjay Gandhi National Park.

NCLT admits crippled mortgage player DHFL for bankruptcy proceedings

Publication: BUSINESS LINE Date : 03 DECEMBER 2019
The third largest pure-play mortgage player has been in liquidity crisis for long and on November 20 the RBI had superseded its board and placed under an administrator


Will MahaRera’s SRO filter benefit homebuyers?

Publication: MINT Date : 03 DECEMBER 2019
Since industry bodies are largely seen as working in the interest of developers, there is trust deficit among other stakeholders SROs will have no judicial powers over the developers

GST collections rebound in Novmber, exceed Rs 1L crore

Publication: BUSINESS LINE Date : 02 DECEMBER 2019
Collections from the Goods and Services Tax (GST) rebounded above the Rs 1 lakh crore benchmark in November, government officials said on Sunday, attributing an increase in voluntary compliance and a government stimulus package for an increase in receipts that had contracted for two consecutive months.

All Aarey activists set free by Uddhav Thackeray

Publication: THE ASIAN AGE Date : 02DECEMBER 2019
Mumbai: In yet another major decision, chief minister Uddhav Thackeray on Sunday announced that all the cases filed against activists, who tried to stop the felling of trees in Mumbai’s Aarey Colony, will be withdrawn.

New Maharashtra CM Uddhav Thackeray orders review of bullet train project

Publication: BUSINESS STANDARD Date : 02 DECEMBER 2019
The state government will also come out with a white paper on the financial condition of the state, Thackeray said.

CR to give city another Marine Drive?

Publication: BUSINESS LINE Date : 02 DECEMBER 2019
In a move that could give the city another Marine Drive or Nariman Point, the Indian Railway Station Development Corporation Limited (IRSDCL) of the railway ministry plans to develop the central railway’s 17.5-acre plot at Haji Bunder in south Mumbai and commercialise it later.


RBI may cut policy rates by 25 bps

Publication: BUSINESS LINE Date : 02 DECEMBER 2019
After cutting the policy repo rate by an 'unconventional' 35 basis points in the August bi-monthly monetary policy review, the Reserve Bank of India is expected to cut it further by up to 25 basis points in the upcoming October 4 review to complement the recent corporate tax cuts announced by the government to reverse the slowdown in growth.



Maharashtra: Fadnavis govt’s decisions in last 6 months likely to be reviewed

Publication: THE INDIAN EXPRESS Date : 01 DECEMBER 2019
After Aarey car shed, Uddhav orders a look into all major policy decisions, contracts approved just before polls

MMRDA to deploy more workers to finish infrastructure projects on time

Publication: THE INDIAN EXPRESS Date : 06 NOVEMBER 2019
The MMRDA is constructing the sea bridge at a cost of Rs 17,843 crore and has nearly completed the geo-technical investigation and casting yard work.

Real estate stocks gain after FM hints at new measures for sector

Publication: MONEY CONTROL Date : 06 NOVEMBER 2019
Real estate stocks were trading higher on November 6 after Finance Minister Nirmala Sitharaman hinted at new measures to resolved issues facing the real estate sector.

Sobha, Indiabulls Real Estate gain up to 5% as FM hints at booster dose

Publication: BUSINESS STANDARD Date : 06 NOVEMBER 2019
Realty stocks including Indiabulls Real Estate, Sobha, and Prestige Estate Projects gained up to 5 per cent in the morning deals on Wednesday after Finance Minister Nirmala Sitharaman said the Centre is working with the Reserve Bank of India (RBI) towards tweaking the existing laws to make them conducive for the real estate sector.

After corporate tax cut, FM Sitharaman hints at major reforms in land and capital

Publication: FINANCIAL EXPRESS Date : 06 NOVEMBER 2019
Finance minister Nirmala Sitharaman on Tuesday said the government was talking to “companies of stature and size” who had left China to woo them to set up base or relocate here and was in possession of “very reliable intelligence that they will indeed choose India”.

NBFCs not enthused with revised ALM norms: Kotak

Publication: MINT Date : 06 NOVEMBER 2019
The RBI on Monday extended the deadline for implementation of ALM and LCR framework for NBFCs from 1 Apr to 1 Dec, 2020 The recent efforts by the RBI have helped liquidity position of small retail NBFCs even as debt market participants remain concerned on the asset quality in the wholesale segment.

Sitharaman signals next dose of reforms to target realty sector

Publication: MINT Date : 06 NOVEMBER 2019
Govt is working closely with RBI to address real estate sector’s problems: Nirmala Sitharaman The focus on real estate is part of govt’s broader plan to kick-start economic growth, which has slowed to a six-year low


MahaRERA chief to head advisory panel for parking body

Publication: MUMBAI MIRROR Date : 01 NOVEMBER 2019
Maharashtra Real Estate Regulatory Authority (MahaRERA) chairperson Gautam Chatterjee has been appointed as the head of a committee set up to frame guidelines for the formation of the Mumbai Parking Authority (MPA).

Adani, Fairfax, GMR among bidders for Jewar airport in Greater Noida

Publication: MINT Date : 01 NOVEMBER 2019
Bidding process for NIAL will be run by the Yamuna Expressway Industrial Development Authority The four companies met the technical and financial criteria set out by the state government to qualify for the bidding process for the NIAL project

To make it to top 50 in Ease of Doing Business India should focus on enforcing contracts, land administration system: World Bank

Publication: HINDU Date : 01 NOVEMBER 2019
Higher you go, more difficult it is to improve: World Bank’s Croci on India eyeing top 50 for Doing Business The World Bank’s Doing Business 2020 study, released by the World Bank last week, showed that India improved 14 places from 77 to 63 out of 190 countries in the Ease of Doing Business (EODB) rankings.


Kurla station to BKC in 15 mins

Publication: MUMBAI MIRROR Date : 02 NOVEMBER 2019
The time taken to travel from Kurla station to Bandra-Kurla Complex during peak hours is set to be reduced to 15 minutes from the current over an hour with the BMC getting ready to bring down a hundred-year old chawl that stands right in the middle of a crucial road.

Forest dept allots 53 ha for water supply projects

Publication: MUMBAI MIRROR Date : 02 NOVEMBER 2019
The state forest department has designated nearly 53 hectares of forest land for a water supply project in Vasai-Virar and Mira-Bhayandar areas. Forest department joint secretary Virendra Tiwari issued the orders on October 30.

BKC-Chunabhatti link to open next Sat

Publication: TIMES OF INDIA Date : 02 NOVEMBER 2019
Mumbai: The road connecting Bandra-Kurla Complex (BKC) to Chunabatti is slated to be thrown open to vehicular traffic next Saturday-—November 9. This connector will help save about half an hour of your commuting time compared to what you currently take via the two existing corridors.


Mumbai: Railways to hand over 7 colonies to RLDA for redevelopment

Publication: THE INDIAN EXPRESS Date : 03 NOVEMBER 2019
The move has met with strong opposition from Western Railway Mazdoor Sangh (WRMS), which is planning to hold a demonstration Monday outside railway’s divisional office at Mumbai Central.

10 years on, Coast Guard gets Raigad plot for radar station

Publication: HINDUSTAN TIMES Date : 03 NOVEMBER 2019
A decade after the Indian Coast Guard (ICG) applied for around 10 hectares (ha) of forest land at Murud in Raigad district, the state cleared the proposal and allotted the same last month. The ICG plans to set up a base as well as install a radar system to strengthen the coastal security in the western region.


‘Panje, Karanje wetlands protected as CRZ-I’

Publication: HINDUSTAN TIMES Date : 04 NOVEMBER 2019
Panje and Karanje wetlands in Uran, Navi Mumbai are safeguarded as Coastal Regulation Zone I, the highest protection under the CRZ notification, the Maharashtra Coastal Zone Management Authority (MCZMA) told the Bombay high court (HC) in an affidavit on November 1.

Greens to move Supreme Court against debris dumping at Uran

Publication: THE ASIAN AGE Date : 04 NOVEMBER 2019
Mumbai: Environmentalists are planning to move the Supreme Court against the recent, large-scale dumping of debris at the wetlands in Uran. They have claimed that around eight acres of Jasai wetland in Uran has been destroyed due to excessive dumping of mud and debris, and the channels of the nearby water body have been choked with debris.

RERA officials to approach housing ministry for clarity vis-a-vis IBC

Publication: FINANCIAL EXPRESS Date : 04 NOVEMBER 2019
As of June this year, 421 realtors were under the corporate insolvency resolution process (CIRP), of which 164 cases have been closed while 257 are continuing.

Real estate regulators may seek pull to rein in builders

Publication: TIMES OF INDIA Date : 04 NOVEMBER 2019
New Delhi: It’s not just homebuyers who are troubled by builders’ non-compliance with orders passed by Real Estate Regulatory Authorities (RERAs), even regulators are concerned at the stubborn attitude of builders.


Bank to auction former CM’s son’s plot in Kurla

Publication: MUMBAI MIRROR Date : 05 NOVEMBER 2019
Shapoorji Pallonji Real Estate is in talks with partners Actis, ADB and International Finance Corporation (IFC) to extend their mid-income housing platform, Joyville, said a senior executive in the company.

Shapoorji Pallonji in talks with partners to augment MIG housing platform

Publication: BUSINESS STANDARD Date : 05 NOVEMBER 2019
Shapoorji Pallonji Real Estate is in talks with partners Actis, ADB and International Finance Corporation (IFC) to extend their mid-income housing platform, Joyville, said a senior executive in the company.

Top listed realtors’ residential sales jump two-fold since demo

Publication: ECONOMIC TIMES Date : 05 NOVEMBER 2019
Mumbai: Listed real estate developers have beaten the residential downturn blues so far this year. Residential sales value of top 9 realty developers in the first quarter of 2019-20 stood at around Rs 5,280 crore; in 2018-19, their sales jumped 159% compared with 2016-17, and also surpassed the market's peak years of 2014-15 by 63%.