Tag: #Mumbai

MahaRERA will approach UDD for a portal that displays approvals.

December 12, 2022

PUNE: The MahaRERA will approach the state’s urban development department (UDD) to establish a dedicated portal for all commencement and occupation certificate approvals. There is currently no portal that displays such permissions. One of the mandatory requirements for registering a project under the Act is that the promoter submits an application for a commencement certificate. […]

MahaRERA will approach UDD for a portal that displays approvals.more

Certus Capital invests Rs30 crore in a Prabhadevi housing project.

November 28, 2022

Certus Capital’s digital neo-financing platform Earnnest.me has decided to invest over Rs30 crore in a premium boutique residential development of real estate developer EON Group in Mumbai’s Prabhadevi neighborhood. The investment with EON Group is part of Certus Capital’s strategy to deploy approximately Rs 500 crore in senior secured real estate credit deals through Earnnest.me […]

Certus Capital invests Rs30 crore in a Prabhadevi housing project.more

The SC upholds a Bombay HC decision against laws that raise land property taxes.

November 8, 2022

MUMBAI: The SC upheld an April 2019 Bombay high court decision that invalidated three rules for determining the “capital value” of land where construction is set to begin under a new property tax regime. Despite being a setback for the C, the SC decision by a bench led by Chief Justice U U Lalit and […]

The SC upholds a Bombay HC decision against laws that raise land property taxes.more

Revenue officials cite obstacles to carrying out MahaRERA orders.

November 2, 2022

PUNE: The state’s revenue officials have cited difficulties in enforcing Maharashtra Real Estate Regulatory Authority (MahaRERA) recovery warrant orders, with developer properties to be auctioned either on lien or rent or already mortgaged to financial institutions. Authorities are working hard to ensure that nearly 751 recovery warrant orders are carried out and that homebuyers receive […]

Revenue officials cite obstacles to carrying out MahaRERA orders.more

Housing demand in India is up 7.3% year on year, while supply is up 6%.

October 29, 2022

NEW DELHI: According to the Magicbricks Proplndex report for Q3, 2022, aggregate demand (searches) in India’s top 13 cities increased 7.3% YoY (year on year), while cumulative supply (listings) increased 6.0% YoY. According to the report, aggregate demand and cumulative supply fell slightly year on year (quarter on quarter). Greater Noida, Gurugram, Bengaluru, and Mumbai […]

Housing demand in India is up 7.3% year on year, while supply is up 6%.more

Bombay HC: There is no development fee for projects built on government land.

October 21, 2022

MUMBAI: On Thursday, the Bombay High Court ruled that a Maharashtra town planning law does not exempt developers from paying development charges for projects on civic or government land, including redevelopment. The legislation was never intended to allow a developer or any third party seeking to redevelop a plot owned by a public body or […]

Bombay HC: There is no development fee for projects built on government land.more

SBI’s home loan book has surpassed Rs 6 lakh crore.

October 13, 2022

MUMBAI: The country’s largest lender, State Bank, announced on Wednesday that its home loan book has surpassed Rs 6 lakh crore, making it the industry’s largest. To commemorate the occasion, the bank also announced a holiday promotion for home loan buyers, which includes a 25 basis point discount on interest rates starting at 8.40% and […]

SBI’s home loan book has surpassed Rs 6 lakh crore.more

In the DHFL case, the ED searched the premises of Orbit Ventures and others.

October 7, 2022

MUMBAI: In a money laundering case related to the DHFL loan fraud case, the Enforcement Directorate (ED) searched six premises on Thursday, including Rajen Dhruv’s Orbit Ventures. Kapil Wadhawan and his brother Dheeraj Wadhawan aka Baba Dewan, both former DHFL promoters, are accused of diverting a portion of the fraud money to Orbit Ventures in […]

In the DHFL case, the ED searched the premises of Orbit Ventures and others.more

Bombay HC Raps BMC on ‘Keep a Distance from Builders’.

October 3, 2022

Tenants of the former Janki Bhuvan, which was taken up for redevelopment by Sanghavi Grih Nirman Pvt Ltd in 2009 but was never completed, filed a high court petition. MUMBAI: After seeking permission to evict tenants and demolish a temporary transit building in Prabhadevi, the Bombay High Court warned the BMC to avoid builders. On […]

Bombay HC Raps BMC on ‘Keep a Distance from Builders’.more

NAREDCO Maharashtra associates with Riteish-Genelia as Brand Ambassadors of HOMETHON Property Expo 2022

September 27, 2022

19th September 2022, MUMBAI: The National Real Estate Development Council (NAREDCO) Maharashtra has announced Bollywood’s popular and versatile star couple, Riteish and Genelia Deshmukh as brand ambassadors for the upcoming ‘Homethon Property Expo’. India’s first ever real estate exhibition is set to take place from 30th September to 2nd October at the Jio Convention Centre, one of the country’s largest and […]

NAREDCO Maharashtra associates with Riteish-Genelia as Brand Ambassadors of HOMETHON Property Expo 2022more

Tag: #Mumbai

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