MHADA has made investments in redevelopment buildings in South Mumbai less costly for developers. It directly translates into affordable housing for the common man at the heart of Mumbai. Are you living in a compact house in South Mumbai? Or perhaps, you’ll find yourself in an old building and have no other choice but to […]
South Mumbai: MHADA aims to decrease the premium from 50% to 35% on redevelopment projects.more
Reliance Anil Dhirubhai Ambani Group (ADAG) is in discussion to rent a portion of Whittle school and Studios, the educational institution located in Washington DC, from its subsidiary’s Santacruz headquarter, Reliance Infrastructure Limited (R-Infra). ADAG Chairman Anil Ambani told the UK court earlier this month that his net worth was zero and that he was […]
Reliance Infrastructure to rent out its 6.95 lakh sqft Mumbai office space to an Educational Institute.more
The State housing department would shortly be enabling the Slum Rehabilitation Authority (SRA) project beneficiaries to sell their homes in five years instead of ten years. Housing Minister Jitendra Awhad made the announcement at the assembly on 25 February to reduce the lock-in period. The decision was taken on the basis of a recommendation provided […]
Maharashtra state will enable selling of SRA flats in just 5 years lock-in period.more
Google leases about 1.2 million sqft of office space in Bengaluru from commercial developer Bagmane Group, people familiar with the matter said. The deal will be one of the biggest in the country’s largest office sector this year. The lease will add to the tech giant’s portfolio of real estate in Bengaluru, where it has […]
Search Engine giant Google is going to lease 1.2 million sqft office space in Bengaluru.more
On 24 February, the city police registered an FIR against five real estate developers, including a member of the Bharatiya Janata Group MP, following complaints from Gurugram’s District Town and Country Planning (DTCP) Department. These developers couldn’t provide the residents with basic amenities. R.S. Baat, DTCP head, said the FIRs were registered in violation of […]
DTCP registers FIRs against five builders who were unable to provide basic amenities to residents.more
The real estate development arm Larson & Toubro’s (L&T Realty) is in planning to do a partnership with DB Realty for developing a residential project in the Malad area of Mumbai’s Western suburb. The said project is estimated to be over 1.4 million sq ft, said three persons with direct knowledge of the development. The […]
L&T Realty is going to develop a residential project together with DB Realty in Malad, Mumbai.more
India’s largest public sector bank, State Bank of India (SBI) on Saturday has declared that it is going to conduct mega e-auction that will consists more than 1,000 commercials, residential and industrial properties across the country. “We at SBI are very clear when putting immovable properties, mortgaged with the Bank/attached by court order to auction, […]
SBI to carry out the largest e-auction on 26 February: more than 1,000 properties will be listed.more
The next possible extension of the Date of Commencement of Commercial Operations (DCCO) of commercial real estate project loans by one year without downgrading asset classification may be allowed in a financially sound Non-Banking Finance Companies NBFCs and Housing Finance Companies (HFCs). Official sources stated that, following the recently concluded meeting of the Monetary Policy […]
NBFCs and HFCs are presumed to get additional one-year loan restructuring extension.more
The state government would spend Rs 119 crore transforming a popular British-era bungalow in Walkeshwar into an 18-floor apartment complex for ministers, with each apartment providing an open view of the sea. Ajoy Mehta, the Chief Minister of State, cleared the building on 20 February. at a meeting. The Puratan 25,000 sqft government bungalow on […]
Maharashtra government to spend Rs 119 crore for constructing 18 floor complex for ministers.more Maharashtra’s government is encouraging private real estate developers to collaborate with its housing authority Maharashtra Housing & Area Development (MHADA) in constructing affordable residential projects across the state, said Jitendra Awhad, state housing minister. The State governments of Uttar Pradesh, Haryana, and West Bengal have already explored this pattern. “We (MHADA) will be delighted to […]
Maharashtra Govt asks private developers to collaborate with MHADA for the development of Affordable Housing.more
