Archive | Mumbai Property RSS feed for this section
Builders have no right to sell stilt parking: Supreme Court
The Supreme Court has ruled that builders/promoters cannot sell parking areas as independent units or flats as the same is to be extended as “common areas and facilities” for the owners. A bench of Justices R M Lodha and A K Patnaik in a judgment rejected the argument of a real estate development company that [...]
Continue reading...Maharashtra Govt Prohibits Use of Petrol Pump Land for Real Estate Purpose in Mumbai
30. August 2010
Fascinated by the lure of real estate, owners of fuel refilling centres in the city have long started dreaming of giving up their current business and jumping into the land development bandwagon. Some of them, in fact, have already got the civic body’s permission to change the usage of the land. However, the state government [...]
Continue reading...Navi Mumbai airport may take off
28. August 2010
There is a fresh ray of hope for the new airport at Panvel in Navi Mumbai, with the environment and civil aviation ministries attempting to bridge their differences over the project. Environment and Forest Minister Jairam Ramesh, who has repeatedly expressed his concerns about the project, has now asked City and Industrial Development Corporation of Maharashtra [...]
Continue reading...Mumbai : Get ready to pay higher property tax this December
28. August 2010
The difference between the old and newrates will be adjusted in the next bill, forthe period between October and March. SWADHEEN KSHATRIYA, municipal commissionerCome December and ment’s those living in south Mumbai will payhigher propertytax than those living in the suburbs. Following the state governnotification, the Brihanmumbai Municipal Corporation will soon begin charging propertytax on the capital [...]
Continue reading...MHADA 4241 flat in the next lottery
27. August 2010
दिन-ब-दिन आसमान छूती प्रॉपर्टी रेट के जमाने में अपेक्षाकृत कम कीमतों वाली म्हाडा के मकान खरीदने की आस रखे लोगों के लिए एक [...]
Continue reading...Omkar Realtors secures Rs 550-cr for 2 projects
27. August 2010
Realty group Omkar Realtors & Developers, which has just achieved financial closure worth Rs 550 crore for its two upcoming projects in Malad and Worli in the city, on Wednesday said it will raise about Rs 200 crore through private equity in the next two-three months. The city-based realty player has secured this fund from a [...]
Continue reading...Birlas to change Central Mumbai’s landscape
23. August 2010
Two generations of the Birlas are set to change Mumbai’s urban landscape in a move which could add to the already burgeoning stock of residential and commercial properties in central Mumbai. The BK Birla Group firm Century Textiles has hired the Shapoorji Pallonji group to develop a 20-acre property at the site of a textile [...]
Continue reading...New plan for 2nd city airport
22. August 2010
PACT Compromise plan being worked out to reduce harm to environment at Navi Mumbai site Aday after the Union EnvironmentMinistry’sExpert Appraisal Committee (EAC) examined the Navi Mumbai airport site,sourcessaid acompromise formula wasbeing workedout todevelop the city’s second airport at the same site. The formula involves moving the site slightly northward, reducing the ecologically sensitiveareainwhich commercialdevelopmentis totakeplace, and [...]
Continue reading...Mumbai builders reap benefits of slum rehabilitation
21. August 2010
Builders such as the Lokhandwala group, Ackruti, HDIL and Everest, that are said to have earned around Rs 4,000 crore from the sale of over 400 properties under the slum rehabilitation scheme (SRS) of Mumbai can now claim tax benefits on their profits, thanks to a Central Board of Direct Taxes (CBDT) notification that exempts [...]
Continue reading...Cidco asked to give details of 17 alternative sites for second airport
21. August 2010
he Union ministry of environment and forests ministry’s expert appraisal committee (EAC) reviewed the Navi Mumbai airport proposal on Friday and asked the project’s proponent, City and Industrial Development Corporation of Maharashtra Limited (Cidco), to come back to the Centre with greater details on all the 17 sites considered for the second Mumbai airport and [...]
Continue reading...Maharashtra :You can get only one house under goernment quota in state
20. August 2010
STRICT RULES Owning flat outside city or transferring ownership won’t help People who have bought flats under the Maharashtra government’s discretionary quota —which comes cheaper than themarketrates—won’tbe able to purchase another house under the same quota again. The state took the decision last week in the wake of the controversy over some legislators applying for flats in [...]
Continue reading...Godrej all Set to Develop its 36 Acre Prime Land in Mumbai
19. August 2010
The 36 acres of prime land that Godrej Industries owns in Mumbai are finally being developed and the master plan is almost ready. The first phase of the plan will be 6.5 lakh square feet of commercial space, of which half will house the group companies like Godrej Consumer Products Ltd (GCPL) and Godrej Properties [...]
Continue reading...Redevelopment order for 56 Mhada colonies
19. August 2010
Mhada has told residents of its 56 colonies to begin redevelopment at the earliest. It also decided that in case a society fails to obey, Mhada it self would step in and begin the process of redevelopment. AFFORDABLE HOUSING Diktat issued in order to create more low-cost homes The Maharashtra HousingandAreaDevelopment Authority(Mhada) has issued adiktattoresidents of its [...]
Continue reading...Builder held for cheating on carpet area ‘COLLECTIVE FLATS’ SPACE IS 1,800 SQ FT SHORT’
19. August 2010
A developer, who had allegedly cheated flat owners in Borivli West on the carpet area of their homes, was finally arrested by the MHB Colony police on Wednesday. Vincy Moraes (70) was nabbed after a three-month-long investigation. He was produced before a metropolitan court at Borivli on Wednesday and remanded to police custody till August [...]
Continue reading...Mhada gets tough with builders
18. August 2010
Mhada has made it compulsory for builders to construct low-cost houses for the authority when they carry out redevelopment of MHADA colonies, instead of offering a premium. Naresh Kamath MASS HOUSING To make it compulsory for developers to construct low-cost houses while redeveloping colonies current realty scenario,” said the ready reckoner rates of the explore all [...]
Continue reading...
- OCUS Group Announces the Launch of its Second Commercial Project in Gurgaon
- Builders have no right to sell stilt parking: Supreme Court
- FAR raised, Noida set to grow taller, greener
- Now you can make 3-storey house in Noida
- HDFC raises home loan rates by 50 bps
- MP builder cites staff crunch for project delay
- GURGAON TO CP BY METRO RAIL FROM SEPTEMBER 3
- Consumer Affairs Ministry Gives Green Signal to 49% FDI in Multi-Brand Retail
- Maharashtra Govt Prohibits Use of Petrol Pump Land for Real Estate Purpose in Mumbai
- 6 Chennai Projects Get Top Ratings from CRISIL
2. September 2010
0 Comments