Category: Mumbai

BMC resumes infrastructure work amid lockdown, explains as the pre-monsoon measures.

April 10, 2020

Despite the lockdown, BMC has begun pre-monsoon road-resurfacing, desilting and bridge-building work to prevent accidents, flooding, water-logging and rainfall diseases — it has a little over a month and a half to complete the job. On 6 April, BMC resumed 112 works on roads, bridges and stormwater drains (including desilting) with 2,500 labourers. Additional Municipal […]

BMC resumes infrastructure work amid lockdown, explains as the pre-monsoon measures.more

COVID-19: BMC prepares 20 additional hospitals in Mumbai along with quarantine wards.

April 9, 2020

The coronavirus is Spreading like wildfire, the amount of people in Mumbai testing positive for COVID-19 is rising constantly. The Brihanmumbai Municipal Corporation has prepared, with this rise, 20 more hospitals with doctors and nurses at standby. “Two, 140-bed hospitals in Vikhroli and Ghatkopar have been equipped with different entry gates and quarantine wards. In […]

COVID-19: BMC prepares 20 additional hospitals in Mumbai along with quarantine wards.more

DHFL under resolution process, declared to not make any payments to lenders and bondholders.

April 8, 2020

Dewan Housing Finance Corporation (DHFL) said on Tuesday it would not make any interest or principal payments to lenders and bondholders as the firm is under resolution process. The Corporate Insolvency Resolution Process (CIRP) was started against the debt-ridden corporation in compliance with the 2016 Insolvency and Bankruptcy Code regulations with effect from December 3, […]

DHFL under resolution process, declared to not make any payments to lenders and bondholders.more

Multiplex Association of India (MAI) request for complete rent waiver.

April 6, 2020

Cinema halls and multiplex operators have requested the malls’ landlords and developers to fully waive the rent and common area maintenance (CAM) during this lockdown and recuperating period. Unlike other industries, the cinema operators, according to the Multiplex Association of India (MAI), have “zero” revenue during the lockdown period and before that when several state […]

Multiplex Association of India (MAI) request for complete rent waiver.more

COVID-19 effect: Maharashtra government declares an 8% reduction in electricity tariff.

April 3, 2020

On March 30th, the Maharashtra government declared an average 8 per cent reduction in the electricity tariff over the next five years to enable enterprises and citizens to sail through the COVID-19 crisis. Although the sector has earned the biggest gains, according to an official announcement, farmers would have to endure a 1 per cent […]

COVID-19 effect: Maharashtra government declares an 8% reduction in electricity tariff.more

Experts predict the real estate market will see a surge in returns in 2-3 years.

Because cities are in locked down and people are reluctant to move out of their houses, buyers have the greatest worry over whether or not their investment in the real estate is secure. Realty shares have slipped into COVID-19’s terror, and many customers are uncertain over whether to stay invested or exit. Though according to […]

Experts predict the real estate market will see a surge in returns in 2-3 years.more

Wadhwa Group receives Rs 300 crore investments from a Japenese company Marubeni Corporation.

April 1, 2020

Japanese institutional investor Marubeni Corporation has decided to invest Rs 300 crore into a 1 million sqft residential project ‘Atmosphere’ of real estate developer Wadhwa Group in Mumbai’s Mulund suburb. This is the maiden investment Marubeni has created in Indian real estate. In a statement, it said it would invest in the project by subscribing […]

Wadhwa Group receives Rs 300 crore investments from a Japenese company Marubeni Corporation.more

Maharashtra RERA Rules in Place to Protect Homebuyers from May 1

Maharashtra Ready Reckoner Rates to be declared after 31st May 2020.

March 31, 2020

On Monday, the Inspector General of Registration and Stamps (IGR) said Maharashtra’s Ready Reckoner prices will be declared after May 31 owing to the COVID-19 outbreak. It was expected to declare ready reckoner rates for this year on April 1. In an order released on Monday, state IGR Omprakash Deshmukh said the rates will be […]

Maharashtra Ready Reckoner Rates to be declared after 31st May 2020.more

BMC Commissioner seeks to provide temporary shelters for the homeless labourers.

BMC commissioner Praveen Pardeshi has instructed building proposals department officials to locate recently built unoccupied buildings in their regions so that they can act as temporary shelters for homeless labourers and other emergencies. Civic officials said there were several such buildings in the city, so it was necessary to use the first few floors of […]

BMC Commissioner seeks to provide temporary shelters for the homeless labourers.more

What are the Advantages and Disadvantages of buying a ready-to-move house in 2020?

March 30, 2020

With developers leaving projects unfinished and a lot of people not getting the possession of their house on time, Indians nowadays have been highly careful when it comes to buying a home. Because of Amrapali and other cases in the past, people have lost confidence in developers and are reluctant to bring their money into […]

What are the Advantages and Disadvantages of buying a ready-to-move house in 2020?more

Category: Mumbai

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