Category: Mumbai

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

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

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

According to the Mumbai police commissioner, builders will be required to provide noise pollution mitigation bonds.

April 1, 2022

Sanjay Pandey, Mumbai Police Commissioner, announced on March 29 that builders will be required to post bonds to ensure that noise pollution at city construction sites does not exceed prescribed limits and hours. During a Mumbai Press Club event, he also stated that, based on the responses he has received, Mumbai residents consider noise pollution […]

According to the Mumbai police commissioner, builders will be required to provide noise pollution mitigation bonds.more

The High Court has Ordered the Mumbai Municipal Corporation to Transfer the Worli Plot Title to Century Textiles.

March 21, 2022

The Bombay High Court has ordered the Municipal Corporation of Greater Mumbai to give Century Textiles & Industries ownership of a 6acre plot in the city’s affluent Worli neighbourhood within eight weeks. The publicly traded textiles-to-realty company approached the city council in March 2014, seeking that a formal deed of transfer for the site, which […]

The High Court has Ordered the Mumbai Municipal Corporation to Transfer the Worli Plot Title to Century Textiles.more

MahaRERA projects may soon receive property cards.

March 10, 2022

A senior revenue official said on March 9 that the scheme to issue property cards to flat owners could begin soon with MahaRERA-registered projects. The state cabinet approved the scheme to issue independent property cards to flats (vertical properties) in 2019. All flat owners were supposed to receive these property cards containing information about carpet […]

MahaRERA projects may soon receive property cards.more

The Mumbai property market is on a tear, with over 10,000 registrations in February.

March 2, 2022

Property registrations in Mumbai, the country’s largest real estate market, continued to show strong momentum in February, outpacing pre-pandemic levels by a wide margin. This is also the first time in the city’s history that more than 10,000 apartments have been registered each month since the stamp duty reduction benefit expired last year. In terms […]

The Mumbai property market is on a tear, with over 10,000 registrations in February.more

In four months, 419 developers in Maharashtra had also decided to opt for e-registration.

February 19, 2022

Since October last year, when the online facility for first-sale properties was launched to alleviate crowding at state sub-registrar offices, 419 developers have applied for e-registration of their projects from their offices. The registration and town planning authorities approved 347 of the 419 applications, and nearly 300 documents were registered. According to state registration department […]

In four months, 419 developers in Maharashtra had also decided to opt for e-registration.more

CBI searches are underway at six locations in connection with the Yes Bank scam.

February 17, 2022

The Central Bureau of Investigation (CBI) is conducting searches on former Dewan Housing Finance Ltd borrowers as part of its investigation into the Yes Bank scam (DHFL). According to sources, raids are taking place in six cities, including Mumbai and Pune. According to sources, among those being searched are the offices of builder Sanjay Chhabria […]

CBI searches are underway at six locations in connection with the Yes Bank scam.more

MahaRERA issues warrants for Rs 633 crore against errant builders

February 16, 2022

Over the last four years, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued recovery warrants worth Rs 633 crore against errant developers, with the suburbs of Mumbai accounting for the highest value. The action, which was carried out in collaboration with 13 collectorates, including those in Mumbai and Pune, involved the issuance of 717 […]

MahaRERA issues warrants for Rs 633 crore against errant buildersmore

Category: Mumbai

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