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Category: Mumbai

Indian Property Expo

Realty Quarter have successfully conducted it’s 6th edition of Indian Property Expo 2022.

May 26, 2022

We are proud to announce that we have successfully conducted our Indian Property Expo 2022 which was held on the 21st & 22nd of May 2022. The Indian Property Expo is a platform that allows various real estate players all across India that are backed by many Trade Associations, Financial Institutions, Hight Profile Brokers, Investors, […]

Realty Quarter have successfully conducted it’s 6th edition of Indian Property Expo 2022.more
IPO

The Rustomjee Group is planning an initial public offering (IPO) of Rs 1,000 crore.

May 20, 2022

Keystone Realtors, a Rustomjee group company, is expected to file a draft red herring prospectus (DRHP)  with the market regulator Sebi soon for an initial public offering (IPO) of over ₹1,000 crores. The company raised $170 million in a pre-IPO placement. HDFC Capital, IIFL Group, and Jagdish Master’s family office all participated in the deal, according […]

The Rustomjee Group is planning an initial public offering (IPO) of Rs 1,000 crore.more

No conservation fee if construction takes place outside of the ESZ: Bombay HC

May 13, 2022

MUMBAI: The Bombay High Court dismissed a Rs 4 crore demand made on a Thane developer, ruling that the forest department cannot levy a “conservation fee” on commercial activities outside the eco-sensitive zones (ESZs) surrounding national parks and wildlife sanctuaries. According to the HC, the moot question is whether the 2% of project cost must […]

No conservation fee if construction takes place outside of the ESZ: Bombay HCmore
Court Order

Refund Rs 7 crore to flat buyers; builder cannot keep extending deadlines: MahaREAT

May 9, 2022

The Maharashtra Real Estate Appellate Tribunal ruled on May 4 that the “completion date cannot keep getting extended on grant of each commencement certificate (CC)” and ordered a builder to refund a couple who paid nearly Rs 7 crore for a 16th-floor flat in a Bandra (East) highrise in 2015. They did not obtain possession […]

Refund Rs 7 crore to flat buyers; builder cannot keep extending deadlines: MahaREATmore

Aaditya Thackeray suggests that the government and developers work together to build better cities.

May 2, 2022

Aaditya Thackeray, Maharashtra’s Minister of Tourism and Environment, has suggested that real estate developer bodies such as the National Real Estate Development Council (NAREDCO) work with the government to develop better cities and help citizens realise their basic dream of owning a home. “We are embarrassed by the ancillary label of builder-politician that has been […]

Aaditya Thackeray suggests that the government and developers work together to build better cities.more
High Court

Mumbai: A couple receives a Rs 1 crore refund plus Rs 63 lakh in interest for a delayed flat purchase.

April 26, 2022

According to the National Consumer Commission, a builder cannot blame a delay in construction on the time it took to obtain the necessary permission from the authorities. “The Supreme Court has ruled that the time required to obtain approval from the appropriate authorities is always to be expected. The builder cannot use this as an […]

Mumbai: A couple receives a Rs 1 crore refund plus Rs 63 lakh in interest for a delayed flat purchase.more
NMMC

There are 475 buildings in Navi Mumbai that have been assigned as ‘dangerous’ to live in.

April 23, 2022

The Navi Mumbai Municipal Corporation (NMMC) has declared 475 buildings dangerous and ordered that they be audited on a regular basis. The civic body has warned that failing to conduct structural audits will result in a Rs 25,000 fine. The owners or occupants of the dangerous buildings have also been notified that they must vacate […]

There are 475 buildings in Navi Mumbai that have been assigned as ‘dangerous’ to live in.more
Mumbai

The fate of Mumbai’s shoreline is up for grabs, and environmentalists have issued a final call to action.

April 15, 2022

The state’s coastal zone council is about to examine Mumbai’s Coastal Zone Management Plan (CZMP), which was approved by the Centre over a year ago and published online two months ago. The CZMP has been chastised by environmentalists and concerned residents for allowing more building activities near the shoreline without considering the implications of global […]

The fate of Mumbai’s shoreline is up for grabs, and environmentalists have issued a final call to action.more





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