Defaulting builders’ cases should go to RERA regulators before NCLT

NEW DELHI: Cases related to defaulting builders should be first taken up by regulators under the new real estate law RERA before being referred to the NCLT for insolvency proceedings, realtors’ body NAREDCO has suggested. The association also recommended that any dispute regarding new projects should only be heard by state regulators set up under the Real Estate Act, called […]

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Realty Quarter announced “Real Estate Industry Leadership Awards 2019” in Mumbai on 23rd Feb 2019 |

real estate awards

By Realty Quarter REALTY QUARTER celebrate the highest achievements done by the companies & individuals serving the real estate sector & construction industry. The awards recognize and salute to the excellence and commitment practicing in the industry. Objective of these awards is to promote highest level of professionalism, provide benchmark for best practices, raise industry standards, reinforce the value and […]

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Mumbai: MHADA allots 300 new houses to Mahul residents

Mumbai A day after Chief Minister Devendra Fadnavis initiated dialogue and action on relocation of project affected persons (PAPs) from Mahul, the Maharashtra Housing and Development Authority (MHADA) allotted 300 houses to some of the residents currently protesting against forced habitation in a neighbourhood dominated by chemical factories. A week ago, MHADA had promised handover of some of the 433 […]

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Lottery for 8,000 homes for mill workers in 15 days: Maharashtra CM

Mumbai With elections next year, Maharashtra CM Devendra Fadnavis announced on December 24 that a lottery for 8,000 houses for mill workers will be announced in the next 15 days. Fadnavis made the announcement after the mills workers’ union met him with their long-pending demand. The 8,000 houses are located in Navi Mumbai near Panvel. The Chief Minister also said […]

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Crooked Mumbai builders have left 1.25 lakh families in lurch

Mumbai According to an estimate, about 5,800 redevelopment projects in the city are at a standstill and hapless citizens have been left in the lurch by fly-by-night builders who abandoned the projects after promising new homes in place of what were residences for generations. Over 1.25 lakh families are believed to be affected because builders stopped paying rent and there […]

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PM kicks off Rs 33,000 crore metro, low-cost housing projects in Mumbai region

Mumbai Minister Narendra Modi on December 18 laid foundation stones for two metro lines and affordable housing projects entailing investment of over Rs 33,000 crore in the megapolis. At an event held here months ahead of the crucial general elections in 2019, Modi kick started work on the ambitious Thane-Bhiwandi-Kalyan (Metro 5) and the Dahisar-Mira Bhayander (Metro 9) in this Mumbai suburb, which will […]

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HC upholds validity of Maharashtra’s notification for TDR policy

Mumbai The Bombay High Court on December 18 upheld as legal and valid a 2016 notification of the Maharashtra government that amended the Transferable Development Rights (TDR) policy for the Greater Mumbai region. A bench of Justices A S Oka and R I Chagla upheld the notification dated November 16, 2016 that grants additional construction rights and Floor Space Index […]

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Mumbai: Decline in slum TDR sharpest in 20 years

Mumbai Slum TDR or transfer of development rights generated from slum rehabilitation projects in Mumbai has seen its sharpest ever decline this year, the lowest in 20 years. In Mumbai’s real estate industry, slum TDR is one of the most important construction incentives offered to developers who build homes free of cost for eligible slum dwellers under the Slum Rehabilitation Scheme. Instead […]

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Destination next: Dronagiri

Mumbai After the inauguration of the Belapur to Kharkopar railway line, Dronagiri has emerged as one of the most sought-after destinations for those looking to make a sound investment in affordable housing. Ulwe is the most developed node closest to the proposed Navi Mumbai International Airport (N M IA) and real estate prices there have already hit the saturation mark, […]

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Mhada’s software sees one winner bag two of its costliest flats ever

Mumbai The recurring phenomenon of repeat winners in the state housing board lottery has persisted over the past eight years. On December 16, a Shiv Sena leader reportedly from central Mumbai, Vinod Shirke, won two cream of the crop apartments in the Mhada lottery, one costing Rs 4.99 crore, the other the most expensive flat in Mhada’s history at Rs 5.8 crore. He […]

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