Category: Mumbai

Government will establish a group to develop a sample builder-buyer agreement: Official

April 19, 2023

MUMBAI: In order to, among other things, speed up the home-buying process and protect customers from potential abuses, the government has decided to organise a committee to work on a model buyer agreement, a top government official declared on Tuesday. According to Consumer Affairs Ministry Secretary Rohit Kumar Singh, the committee, which will include representatives […]

Government will establish a group to develop a sample builder-buyer agreement: Officialmore

In one of the oldest PMLA cases, the ED files charges against a Mumbai-based builder.

April 18, 2023

MUMBAI: The Enforcement Directorate (ED) recently filed a chargesheet in the court against developer Shailesh Sawla and two of his firms, Kunal Construction and Sawla Construction, for selling homes to prominent persons in a slum-dwelling project. It’s one of the ED’s oldest pending laundering of money cases, dating back to the Prevention of Money Laundering […]

In one of the oldest PMLA cases, the ED files charges against a Mumbai-based builder.more

Bombay High Court: Tenants have few rights and can’t control redevelopment.

April 10, 2023

MUMBAI: According to the Bombay High Court, tenants have few rights and cannot tell the owner how to renovate their property. The court ordered the BMC to grant a commencement certificate for redevelopment in the matter of a Khar (West) building where an “obstinate tenant” (HC’s words) was delaying renovation. The owner, a limited liability […]

Bombay High Court: Tenants have few rights and can’t control redevelopment.more

Growth of 8–10% is anticipated for housing financing companies in FY22, according to the report

April 6, 2023

MUMBAI: According to a report, housing finance companies (HFCs) are projected to have a rate of growth of 6-8% during the year and 8-10% in FY2021-22 as a result of the demand for housing loans increased in the final two quarters of fiscal 2020–21. With the exception of one significant player’s portfolio, which experienced a […]

Growth of 8–10% is anticipated for housing financing companies in FY22, according to the reportmore

Residential searches rose 14.2% between January and March 2023, while listings rose 1.9%.

March 30, 2023

NEW DELHI: As per Magicbricks’ Proplndex research, residential searches surged by 14.2 percent from January to March 2023 while listings increased by 1.9 percent. Residential searches grew 3.2% quarter over quarter, the research claims, following a little fall of 2.5% the previous quarter, led by Ahmedabad (21.4%), Bangalore (10.3%), and Pune (7%). The survey also […]

Residential searches rose 14.2% between January and March 2023, while listings rose 1.9%.more

BMC’s air pollution management strategy in Mumbai depends on builder self-certification.

March 29, 2023

MUMBAI: According to an action plan created by the civic body, if builders do not take action to reduce the dust produced from construction sites, the BMC would issue stop-work warnings to them and take legal action if necessary. If contractors fail to self-certify that a construction project complies with dust mitigation standards, such as […]

BMC’s air pollution management strategy in Mumbai depends on builder self-certification.more

Regularization laws should not be used as a tool for illegitimate building.

March 28, 2023

MUMBAI: The Bombay High Court ruled that the legal mechanism for regularisation “cannot be a weapon to be deployed by the petitioner in every case of rank unlawful building.” The HC turned down a hotelier’s request for an injunction to stop a civic organization from tearing down the illegal buildings and allow time to file […]

Regularization laws should not be used as a tool for illegitimate building.more

For promoting unregistered developments, MahaRERA in Pune has targeted eight more.

March 24, 2023

PUNE: 25 projects throughout the state that had been marketed without registration are now the subject of another suo motu action by the Maharashtra Real Estate Regulatory Authority (MahaRERA). The developers have received notices, according to officials’ statements on Thursday. In this respect, Pune has the second-highest number of breaches. MahaRERA also sent identical letters […]

For promoting unregistered developments, MahaRERA in Pune has targeted eight more.more

There is now a Maharashtra conveyance deed process app.

March 23, 2023

PUNE: Members of the State Housing Federation have developed a mobile application with the assistance of the department of cooperation to instruct housing societies on how to execute a conveyance deed or considered conveyance. The conveyance deed, also known as a presumed conveyance, refers to the builder transferring land in the name of the housing […]

There is now a Maharashtra conveyance deed process app.more

Mumbai: The HC orders the BMC to create regulations for the use of cranes when building highrises.

March 13, 2023

MUMBAI: We expect that none of the highrise developments in the city should render people susceptible and prone to such mishaps, in which innocent people might get maimed or lose their life, stated HC in directing BMC to develop standards for the use of cranes in highrise structures. In a plea, Lokhandwala Residency Tower Cooperative […]

Mumbai: The HC orders the BMC to create regulations for the use of cranes when building highrises.more

Category: Mumbai

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