Category: Mumbai

Defense’s objections against the redevelopment of a structure near INS Trata are rejected by the Bombay High Court.

October 6, 2023

MUMBAI: The Bombay High Court ordered the BMC to process permissions for redeveloping a three-story property near the naval missile battery base INS Trata at Worli in four months without receiving approval from the naval authorities after observing that what was not a security risk to the defense establishment earlier cannot become one on being […]

Defense’s objections against the redevelopment of a structure near INS Trata are rejected by the Bombay High Court.more

Bombay HC looks to empower state to act against illegal constructions.

September 12, 2023

MUMBAI: The Bombay High Court argued on Monday in favor of giving the state authorities the authority to demolish unauthorized and unlawful structures quickly. “The government needs to understand that we don’t despise them. We won’t let this happen while we’re watching. The courts have been largely responsible for this, according to Justices Gautam Patel […]

Bombay HC looks to empower state to act against illegal constructions.more

The Growth Story of Andheri: An Unmissable Real Estate Investment.

September 11, 2023

Andheri West, a bustling suburb in Mumbai, has emerged as a hotspot for real estate investment in recent years. With its strategic location, excellent connectivity, and the plethora of amenities, Andheri West presents a compelling growth story for both homebuyers and investors. Andheri’s prime location within Mumbai is one of its most significant assets. Situated […]

The Growth Story of Andheri: An Unmissable Real Estate Investment.more

MahaRERA hires an intelligence service to obtain current project information.

August 11, 2023

MUMBAI: To assist its compliance cell in gathering first-hand information regarding real estate projects that are lapsed, financially precarious, or those that have not been submitting quarterly reports or complying with regulatory compliances, MahaRera has appointed a real estate intelligence agency. MahaRera will be given a separate method by the agency to verify the “real-time […]

MahaRERA hires an intelligence service to obtain current project information.more

Given the severe circumstances, the state may need to take drastic measures to stop rogue defaulting builders: HC Bombay

August 10, 2023

MUMBAI: The Bombay high court stated this week that the situation in the city was “now so dire” that the government would need to intervene and take “drastic steps to curb errant constructors in default of their obligations” while carrying out redevelopment projects, including paying transit rent to tenants who had to vacate their properties […]

Given the severe circumstances, the state may need to take drastic measures to stop rogue defaulting builders: HC Bombaymore

The largest home loan lender has been and will continue to be SBI: Director Dinesh Khara

August 7, 2023

MUMBAI: State Bank of India (SBI) has led the house loan market and will continue to do so, according to Chairman Dinesh Khara, who stated on Friday that the bank’s mortgage book was worth over Rs 6.52 lakh crore as of the June quarter, up about 14% year over year. When reporters questioned him about […]

The largest home loan lender has been and will continue to be SBI: Director Dinesh Kharamore

Display QR code in advertisements or face up to a punishment of Rs 50,000, Maharashtra builders advised.

July 28, 2023

MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has warned developers throughout the state that failing to prominently display the QR code of the real estate project in advertisements on multiple platforms starting on August 1 could result in fines of between Rs 10,000 and Rs 50,000. According to a MahaRERA official, the promoter will […]

Display QR code in advertisements or face up to a punishment of Rs 50,000, Maharashtra builders advised.more

Continuous house sales enhance developers’ liquidity and credit standing.

July 25, 2023

Since the Covid-19 pandemic’s onset, the liquidity and credit profiles of important listed real estate developers have significantly improved as a result of the sustained sales momentum in the home property market over the past three fiscal years. Both the collections and realisations of these enterprises have increased as a result of the booming residential […]

Continuous house sales enhance developers’ liquidity and credit standing.more

MahaRERA recovers Rs 9 crore from five developers after nine warrants.

July 14, 2023

MUMBAI: After MahaRERA issued warrants for the amount, which was around Rs 9 crore, which was owed to homebuyers as compensation and refunds from five developers, was retrieved without going through the auction process. In order to recover Rs 8.72 crore, the MahaRERA issued nine warrants throughout the city, suburbs, and district of Pune. The […]

MahaRERA recovers Rs 9 crore from five developers after nine warrants.more

From 2020 to 22 Maharashtra IGR will examine all documents for rule violations.

July 10, 2023

PUNE: In order to address the growing number of complaints regarding violations of the many rules governing the Maharashtra real estate sector, the state office of the Inspector General of Registration and Controller of Stamps (IGR) has requested a review of all property registrations completed between 2020 and 2022. To rule out violations of the […]

From 2020 to 22 Maharashtra IGR will examine all documents for rule violations.more

Category: Mumbai

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