Category: Mumbai

Revenue officials cite obstacles to carrying out MahaRERA orders.

November 2, 2022

PUNE: The state’s revenue officials have cited difficulties in enforcing Maharashtra Real Estate Regulatory Authority (MahaRERA) recovery warrant orders, with developer properties to be auctioned either on lien or rent or already mortgaged to financial institutions. Authorities are working hard to ensure that nearly 751 recovery warrant orders are carried out and that homebuyers receive […]

Revenue officials cite obstacles to carrying out MahaRERA orders.more

Housing demand in India is up 7.3% year on year, while supply is up 6%.

October 29, 2022

NEW DELHI: According to the Magicbricks Proplndex report for Q3, 2022, aggregate demand (searches) in India’s top 13 cities increased 7.3% YoY (year on year), while cumulative supply (listings) increased 6.0% YoY. According to the report, aggregate demand and cumulative supply fell slightly year on year (quarter on quarter). Greater Noida, Gurugram, Bengaluru, and Mumbai […]

Housing demand in India is up 7.3% year on year, while supply is up 6%.more

Bombay HC: There is no development fee for projects built on government land.

October 21, 2022

MUMBAI: On Thursday, the Bombay High Court ruled that a Maharashtra town planning law does not exempt developers from paying development charges for projects on civic or government land, including redevelopment. The legislation was never intended to allow a developer or any third party seeking to redevelop a plot owned by a public body or […]

Bombay HC: There is no development fee for projects built on government land.more

SBI’s home loan book has surpassed Rs 6 lakh crore.

October 13, 2022

MUMBAI: The country’s largest lender, State Bank, announced on Wednesday that its home loan book has surpassed Rs 6 lakh crore, making it the industry’s largest. To commemorate the occasion, the bank also announced a holiday promotion for home loan buyers, which includes a 25 basis point discount on interest rates starting at 8.40% and […]

SBI’s home loan book has surpassed Rs 6 lakh crore.more

In the DHFL case, the ED searched the premises of Orbit Ventures and others.

October 7, 2022

MUMBAI: In a money laundering case related to the DHFL loan fraud case, the Enforcement Directorate (ED) searched six premises on Thursday, including Rajen Dhruv’s Orbit Ventures. Kapil Wadhawan and his brother Dheeraj Wadhawan aka Baba Dewan, both former DHFL promoters, are accused of diverting a portion of the fraud money to Orbit Ventures in […]

In the DHFL case, the ED searched the premises of Orbit Ventures and others.more

Bombay HC Raps BMC on ‘Keep a Distance from Builders’.

October 3, 2022

Tenants of the former Janki Bhuvan, which was taken up for redevelopment by Sanghavi Grih Nirman Pvt Ltd in 2009 but was never completed, filed a high court petition. MUMBAI: After seeking permission to evict tenants and demolish a temporary transit building in Prabhadevi, the Bombay High Court warned the BMC to avoid builders. On […]

Bombay HC Raps BMC on ‘Keep a Distance from Builders’.more

Growing demand for modular kitchens in the Real Estate Sector and factors responsible.

October 1, 2022

Written by: Mr. Dhruv Trigunayat; CEO of Ultrafresh Modular Solutions Limited. The new age home buyers are tech-savvy, appreciate fine living, and are high-income individuals who prefer a luxurious blend of extravagant house designs with modern amenities. To cater to their altering requirements aligned with the latest home interior trends, modern home buyers always look […]

Growing demand for modular kitchens in the Real Estate Sector and factors responsible.more

NAREDCO Maharashtra associates with Riteish-Genelia as Brand Ambassadors of HOMETHON Property Expo 2022

September 27, 2022

19th September 2022, MUMBAI: The National Real Estate Development Council (NAREDCO) Maharashtra has announced Bollywood’s popular and versatile star couple, Riteish and Genelia Deshmukh as brand ambassadors for the upcoming ‘Homethon Property Expo’. India’s first ever real estate exhibition is set to take place from 30th September to 2nd October at the Jio Convention Centre, one of the country’s largest and […]

NAREDCO Maharashtra associates with Riteish-Genelia as Brand Ambassadors of HOMETHON Property Expo 2022more

MahaRERA increases the number of checks required to register projects.

September 26, 2022

The Real Estate (Regulation and Development) Act currently has 37,823 projects registered in the state. According to a Maharashtra Real Estate Regulatory Authority (MahaRERA) official, applications for 1,096 projects are being finalized. PUNE: For the benefit of consumers, builders who register their projects with MahaRERA will now face stricter scrutiny. The state currently has 37,823 […]

MahaRERA increases the number of checks required to register projects.more

There will be no GST on the sale of plots with basic infrastructure: AAR

September 23, 2022

The land has always been clearly exempt from GST. However, a never-ending battle erupted over whether the sale of plots following basic development is subject to GST. This case is nearing its end. MUMBAI: The GST-Authority for Advance Rulings (AAR) Karnataka bench has ruled that the goods and services tax (GST) is not applicable on […]

There will be no GST on the sale of plots with basic infrastructure: AARmore

Category: Mumbai

Sign Up for our Free Newsletter