BUSINESS
Here’s how waterlogging impacts Mumbai’s real estate market
Developers say it is difficult to sell or rent apartments that are located in flood prone areas.
BUSINESS
Maharashtra government gets 2.4K applications from housing societies for deemed conveyance amid COVID-19, clears 92% applications
Housing societies should approach authorities, if developer fails to transfer conveyance deed in name of society after four months of registering the housing society, says Maharashtra government.
BUSINESS
Maharashtra government revises income slabs for buyers of affordable homes
The revised income slabs are expected to come into effect with the upcoming draw of around 5,000 affordable homes by MHADA in the Mumbai Metropolitan Region.
REAL-ESTATE
RERA Act or Arbitration Act—which one comes to the rescue of homebuyers in case of dispute with developers on agreements signed pre-RERA?
A MahaRERA order ruled that only arbitration holds in such cases, but experts have questioned the order
BUSINESS
What type of property can you buy for under Rs 1 crore in Mumbai?
Mumbai is the financial capital of India and India's most expensive property market and finding space with that budget in the city is very difficult, but not impossible. Moneycontrol lists the options you have.
BUSINESS
Five years of MahaRERA: Authority issues recovery warrants for over Rs 717 crore against developers, disposes of more than 11,000 complaints
Under-redevelopment projects not covered under the Act but the sale component is, clarifies MahaRERA chief Ajoy Mehta
BUSINESS
Maharashtra govt gives nod to amnesty scheme for stuck slum redevelopment schemes
Allows financial institutions that funded these schemes to complete them
BUSINESS
Mumbai Fire Brigade rules out choppers, opts for drones to fight high-rise inferno
The fire brigade is trying to have a drone designed that can carry water up high-rise buildings using pipes to douse fires.
BUSINESS
1,500 low-cost homes near Mumbai will be up for sale shortly in a lottery, says Maharashtra Housing Authority
The homes are likely to go on sale next month in Mumbai’s satellite cities, including Navi Mumbai, Thane, Virar, Kalyan and Dombivali.
BUSINESS
MHADA lists 21 'extremely dangerous' buildings in Mumbai; residents asked to vacate before monsoon
Every year before the monsoon, the state housing authority carries out a pre-monsoon audit, and based on the outcome, notices to vacate are issued to residents of these ‘dangerous’ buildings.
BUSINESS
Homebuyers welcome Maharashtra govt’s decision to extend PMAY scheme
Real estate developers say that in a city like Mumbai constructing affordable homes is a challenge as the cost of land is high
BUSINESS
Maharashtra tribunal orders developer to pay interest to homebuyers for 32-month delay
The Maharashtra Real Estate Appellate Tribunal also told Lucina Land Developers not to charge the buyers for the facilities it failed to provide
