Absence of funds and a disintegrating infrastructure has made decades-old housing societies in Pune and Mumbai endure. At present, Maharashtra has around 1 lac housing societies out of which thousands demand redevelopment. Finally, the Pune District Cooperative Society(PDCS) has come up with solutions to improve the conditions of old Read more…
After the approval of the Mumbai Development Plan 2034 on 25th April, 2018 by CM Devendra Fadnavis, the state government has decided that the development plan will come into force from the month of September. Till then the existing plan of 1991 will proceed. In the Development Control and Promotion Read more…
The Maharashtra government has ordered the department of stamps and registration to not enroll any property that is illicit. The state government as of late issued a Government Resolution (GR) in this regard. The urban development department has additionally regulated the civic bodies and the planning authorities to give a rundown Read more…
There always seems to be a buzz happening around RERA and all things related to RERA. A year after the Act being passed, the implications of the Act seem to be visible as days progress. Various stakeholders like home buyers, builders, developers want to derive maximum benefits from Read more…
In a landmark decision, the Maharashtra Real Estate Authority(MahaRERA) granted relief to 21 homebuyers who had approached the regulatory authority together as a group. This is perhaps the first time, that a group of homebuyers have been granted relief together. The developer, JVPD properties, in their project Bhagtani Serenity, Read more…
Mumbai Metropolitan Region Development Authority (MMRDA) is all set to develop a freeway from Airoli to Kalyan. The proposed freeway is said to be a 12.3 km long corridor and will have six lanes. The freeway will improve the connectivity between Mumbai and Kalyan and Badlapur industrial estate. It Read more…
Mumbai is the biggest Indian city in terms of real estate market and volume of home buying/selling transactions happening on an annual basis. With population of MMR and suburbs exceeding 2 crore, city has an evergreen housing demand for people in Mumbai be it for buying or renting. Mumbai Read more…
Securities and Board Exchange of India (SEBI) will buy IDBI Bank’s Mumbai building which is situated in the Bandra-Kurla Complex for Rs 1,000 crores. Last month, it was approved by the SEBI Board members regarding the property acquisition, while the regulators are in the process of actual valuation. Situated in Read more…
At the end of 2017, 7 major cities in India experienced unsold inventory. The total number of unsold inventory in these cities were as humongous as 4.4 lakh properties with Delhi-NCR contributing highest with 1.5 lakh flats, spread across Delhi, Gurgaon, Ghaziabad, Faridabad, Noida and Greater Noida. The seven Read more…