Category: Mumbai

Press Note: Maharashtra’s Energy Department Issues A Circular To Make Installation of the Fire Evacuation Lift Mandatory in High – Rise Buildings.

July 25, 2022

Developers in Maharashtra Now Must Install Fire Evacuation Lifts in High – Rise Buildings with 70-meters and Above in Heights. The new Evacuation Safety Circular is a step towards improving evacuation routes for residents anda Safer andFaster Mode for Fire Officers to reach High – Rise Floors during fire emergencies in Maharashtra Mumbai, July […]

Press Note: Maharashtra’s Energy Department Issues A Circular To Make Installation of the Fire Evacuation Lift Mandatory in High – Rise Buildings.more

No judicial relief, Ahuja Constructions directors were detained in the cheque-bouncing case.

June 13, 2022

Following their conviction in a cheque-bouncing case in March 2021, the city crime branch arrested two directors of Mumbai-based Ahuja Constructions, 71-year-old builder Jagdish Bhagwandas Ahuja and his son Gautam Ahuja (42), on Friday. Because of the pandemic scenario at the time, no measures were taken to imprison them. They did not contest their conviction. […]

No judicial relief, Ahuja Constructions directors were detained in the cheque-bouncing case.more

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

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

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

Maharashtra will re-allot stalled slum projects to new developers.

May 4, 2022

Maharashtra is set to reallocate stuck slum redevelopment projects to new builders in a move that could benefit up to 40,000 families, a minister said on April 28. Jitendra Awhad, the State Housing Minister, stated at a conference organised by industry lobby Naredco that there are 520 such stuck projects where the developer obtained the […]

Maharashtra will re-allot stalled slum projects to new developers.more

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

India’s Biggest Indian Property Expo 2022 (6th Edition).

April 30, 2022

WHY INDIAN PROPERTY EXPO? The Indian Property Expo is a great way to engage with participants and reach a larger market segment. The most extensive networking platform for industry executives. The best platform to showcase your affordable and premium projects. Innovative ideas from the people who are the driving force in the industry. 2000+ […]

India’s Biggest Indian Property Expo 2022 (6th Edition).more

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