MahaRERA slaps a daily penalty of Rs 1 lakh on Nirmal Developers

Mumbai The Maharashtra Real Estate Regulatory Authority (MahaRERA) has imposed a daily penalty of Rs 1 lakh for every day of delay beginning December 6 on Nirmal Developers for defaulting on refund instalments of 74 homebuyers in Mulund West. Nirmal Developers launched Nirmal Olympia, a 54-storey project with four wings, with the proposed deadline for possession of June 30, 2019, […]

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Maharashtra eyes land near Aarey for slum rehabilitation, environmentalists fume

Mumbai Ninety of 100 acres reserved for a zoo at Goregaon (east) is now proposed to be used to rehabilitate tribals and slum dwellers living at Sanjay Gandhi National Park. The zoo, if it sees the light of day, will come up on the balance land. The proposal has come under criticism from environmentalists. The CM’s office will monitor the […]

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Redevelopment projects in city centre set to revitalize Mumbai’s real estate hopes

  Three major redevelopment projects in central Mumbai are set to revitalize real estate in the city: the 97 acre government colony at Bandra, 92 acres of BDD chawls in Worli, Naigaon, Lower Parel and Sewri, and the 520 acre Dharavi. That all these projects are being opened up in a pre-election year is being seen with suspicion by some, […]

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Virtual Reality Plus Real Estate Business

What does a home buyer seek when buying a home nowadays? Nothing but the best. This is where a marvelous piece of technology called Virtual Reality (VR) has entered as a saviour for builders. With competition reaching an all time high and a crazy race to please extremely demanding buyers, builders have heaved a sigh of relief with VR finally […]

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Ready to Move vs under construction – cavet empoter

RERA’s primary area of focus is under-construction properties. After all, this is the area where buyers had been facing the most challenges on account of project delays, project plan deviations and various other issues.RERA was supposed to save the day for homebuyers, but that doesn’t seem to have happened – at least not yet. In many states, RERA, in its […]

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The story of Thane’s real estate as also real estate development across the Mumbai Metropolitan Region (MMR) is a success story co-scripted with infrastructure projects which enhance linkage – and their timely completion.

The state government has taken up several big-ticket, vital transport and civic infrastructure projects, keeping in mind the need for better and improved infrastructure in Thane considering its growth in the future. “This is a welcome step, and augurs well for making thane’s development and growth story ‘future perfect’, said Dr. Niranjan Hiranandani, MD, Hiranandani Group and President, NAREDCO (National). Infrastructure projects […]

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Obsession with buying a house: Why do Indians prefer real estate?

Real estate is a capital guzzler, illiquid, immovable and indivisible. Also, it is cumbersome to acquire, maintain, liquidate and bequeath. Capital guzzler: Many times, a single piece of real estate will constitute almost 70-80% of the client’s portfolio. If that is the case then it is a no-brainer that real estate shouldn’t be considered. Illiquid: It is not very convenient […]

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NRIs Buying Indian Property, And Indians Buying Property Abroad

NRIs Eyeing Indian Properties Ever since the Indian rupee began nosediving, more and more NRIs (non-resident Indians) have turned their focus to the Indian real estate market. There are good reasons for this. Other than the favourable exchange rate, the new regulatory environment driven by RERA, DeMo and GST have served to clear up a lot of the misgivings that […]

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