Trending now

Category: Mumbai

Piramal Enterprises denies loan defaults by real estate developers

October 21, 2018

Piramal Enterprises Ltd has denied any loan default by real estate developers, including Lodha, Omkar, Vatika, Embassy, Radius, Nahar, Aristo and Supertech. “Piramal Enterprises would categorically like to state that we have an extremely robust loan processing and recovery process, including risk management and asset monitoring system. Developers like Lodha, Omkar, Vatika and Embassy referred […]

Piramal Enterprises denies loan defaults by real estate developersmore

The government gives go-ahead to AIGP Developers (Pune) to set up IT/ITES special economic zone in Maharashtra

October 20, 2018

On September 12, the government approved the proposal of AIGP Developers (Pune) to set up IT/ITES special economic zone (SEZ) in Maharashtra. The total area allotted for the SEZ is more than 6.69 hectares. An official present at the meeting confirmed the news and said, “After deliberations, the board, chaired by the commerce secretary, approved […]

The government gives go-ahead to AIGP Developers (Pune) to set up IT/ITES special economic zone in Maharashtramore

Court’s demolishing order to Lodha New Cuffe Parade is based on new norms of height restrictions by Airports Authority of India

A few years ago, based on the no-objection certificate granted by Airports Authority of India (AAI) on height clearance, the MMRDA (Mumbai Metropolitan Region Development Authority) had granted permission to construct to around 139 meters to the builders of Lodha New Cuffe Parade in Wadala. However, new height restrictions were imposed by the AAI thereafter […]

Court’s demolishing order to Lodha New Cuffe Parade is based on new norms of height restrictions by Airports Authority of Indiamore

grant homes to people under the Pradhan Mantri Awas Yojana (PMAY) only if they produce their Aadhaar card as ID proof

October 19, 2018

Pune: Those seeking to own a home under the PMAY in Pune will now have to show Aadhaar cards as an ID proof. Failing to do so will make them ineligible for the scheme. This latest development has been confirmed by PMRDA (Pune Metropolitan Region Development Authority) officials. They also stated that they are working on a […]

grant homes to people under the Pradhan Mantri Awas Yojana (PMAY) only if they produce their Aadhaar card as ID proofmore

Environment ministry grants clearance of the coastal zone management plans to Mumbai City and Suburbs, Sindhudurg, Ratnagiri and Raigad

After a yearlong wait, the Maharashtra Coastal Zone Management Authority (MCZMA) can now heave a sigh of relief. Thanks to clearance of the coastal zone management plans for five districts – Sindhudurg, Ratnagiri, Raigad, Mumbai City and Suburbs from the environment ministry, the MCZMA will now be able to have a look at 400 pending […]

Environment ministry grants clearance of the coastal zone management plans to Mumbai City and Suburbs, Sindhudurg, Ratnagiri and Raigadmore
MahaRERA

Following a recent judgment by the Supreme Court, MahaRERAasks builders to display sanctioned plan, layout plan and approved specifications

October 18, 2018

MUMBAI: A few days ago, the honorable Supreme Court of India made it compulsory for real estate firms to display approved building plans on project sites. The landmark judgment was passed on October 5, in the case of Ferani Hotels Pvt Ltd v/s the State Information Commissioner Greater Mumbai and others. Ever since it was […]

Following a recent judgment by the Supreme Court, MahaRERAasks builders to display sanctioned plan, layout plan and approved specificationsmore

MahaRERA warns builders to update their registered projects on their website else pay 10 percent of their project cost as penalty

October 17, 2018

Earlier this year, the Maharashtra Real Estate Regulatory Authority (MahaRERA) had fined eight builders in Mumbai for advertising their real estate projects as a non-registered project. And now, it looks like registered builders in Mumbai and Maharashtra will face massive penalties if they don’t update or make corrections to their projects on the MahaRERA website. […]

MahaRERA warns builders to update their registered projects on their website else pay 10 percent of their project cost as penaltymore

SEBI has also given the nod to ASK Investment Managers, Nihilent and Muthoot Microfin

Prior to the global recession and financial downfall, the real estate sector was at its peak. The banks were liberal enough to give credit to large scale borrowers which resulted in a steep rise in the capital inflows and domestic liquidity. But soon after 2013, the Indian real estate sector sank to the lowest and the […]

SEBI has also given the nod to ASK Investment Managers, Nihilent and Muthoot Microfinmore

Builders to offer freebies and flexible payment plans instead of slashing property prices

Bengaluru/Mumbai: Expensive property price has always been the bone of contention between potential buyers and builders. While builders are refusing to budge on the hefty price tag of their end product. They are trying to lure customers by offering gifts, easy payment options and in some rare cases minor discounts. Experts are doubting if these […]

Builders to offer freebies and flexible payment plans instead of slashing property pricesmore


Navratri Event

Sign Up for our Free Newsletter

Enter your email address: