BUSINESS
Maharashtra may cut real estate premiums: State Housing Minister Save
In Mumbai, there are more than 25 types of premiums that a developer ends up paying to the authorities. Around 20 to 30 percent of the project cost goes towards these premiums, say real estate developers.
BUSINESS
1,702 real-estate projects lapse in Maharashtra in 2023
Delay in completion the main reason. With this, more than 7,700 projects have lapsed since the inception of MahaRERA in May 2017. Real-estate developers cannot now advertise, market or sell apartments in these 7,700 projects.
BUSINESS
Dynamix Group plans to launch four real-estate projects in Mumbai, Goa; sees revenue potential of Rs 3,500 crore
"Our total investment in these upcoming projects will be Rs 2,100 crore, which will be funded through equity, working capital and customer advances," said Jay Goenka, Director, Dynamix Group.
BUSINESS
Hiranandani Group announces selling 150 flats for Rs 1,100 cr after launch of its Powai project
They are part of the Empress Hills, a three-tower development within the Hiranandani Gardens township in Powai
BUSINESS
MahaRERA deregisters two Lodha real estate projects and three others
The projects were deregistered by MahaRERA after applications were made by the five developers.
BUSINESS
Festive season launches: MahaRERA asks real estate developers to apply timely and adhere to guidelines
There is a spike in applications for registrations of projects during the festive season, according to the real estate regulator.
BUSINESS
Comply by November 10 or face revocation: MahaRERA tells developers of 291 real estate projects
The revocation warning has been issued because the 291 developers have still not complied with the provisions of RERA, despite suspension notices being issued in September
BUSINESS
Bollywood actor Manoj Bajpayee, wife purchase 4 office units in Mumbai for over Rs 32 crore
The four office units are located in the Oshiwara area of Mumbai and have a total carpet area of 7,620 sq ft, according to the documents.
BUSINESS
Got a job in Mumbai? Here are budget-friendly 1BHK apartment options
If you’re planning on renting a 1BHK apartment in Mumbai city limits, the minimum budget for monthly rent should be Rs 20,000-25,000, according to local brokers.
BUSINESS
What if homebuyers disappear after making partial payment to a builder?
In a recent case, the Maharashtra regulator allowed the developer to cancel the allotment to the homebuyer with riders
BUSINESS
New home bookings sees annual lull as buyers stay away on account of Pitru Paksha
Every year, the lull seen in bookings in this period, is often compensated by bookings and registrations during the festive season beginning with Navratri on October 15, when attractive festive offers are made.
BUSINESS
MC Explains: Can homebuyers' approach MahaRERA if developer allots smaller-than-promised parking lot ?
Developers are obliged to provide a parking lot of the dimensions promised in the agreement of sale for the property. Homebuyers can seek redressal from MahaRERA in case this condition has not been met.
BUSINESS
Mumbai real estate: Arkade Developers purchases 3 acres in Bhandup for Rs 103 crore
Mumbai real estate update: Arkade Developers also plans to launch two upcoming projects in the Vile Parle and Malad localities of Mumbai with developable area of 0.4 million square feet in total.
BUSINESS
MahaRERA orders 9 Pune homebuyers to sign cancellation deeds after payment default
Pune-based developer GERA Developments had approached the Maharashtra real estate regulator seeking a cancellation order.
BUSINESS
Arvind SmartSpaces plans foray into Mumbai Metropolitan Region
The company, which saw an 11 percent increase in profits in Q1 of this year, hopes to divide its total business across Ahmedabad, Bengaluru and MMR.
BUSINESS
Ulwe Mumbai property rates: Ulwe homeowners become crorepatis as harbour link, new airport near completion
Ulwe Mumbai property rates: The capital value of residential properties in Ulwe has doubled over 5-10 years due to an infrastructure boost, experts said. A two-bedroom apartment in Ulwe is being sold for as much as Rs 1 crore.
BUSINESS
Rustomjee Group has 22 projects in the pipeline with GDV of Rs 35,000 cr: CMD Irani
"Redevelopment continues to be our strong focus area. Being one of the largest brands in this space, we have rehoused over 1,400 families so far," the company said in its annual statement.
BUSINESS
MC Exclusive: MahaRERA issues notices to over 5,000 delayed real estate projects in Maharashtra
Delayed projects, or projects that have not met the completion deadline might have to face a suspension or revocation of their registrations with RERA.
BUSINESS
MahaRERA suspends registration of 388 real estate projects for failing to place details online
Of the suspended projects, 20 were in Mumbai city limits and three belonged to Macrotech Developers.
BUSINESS
MHADA lottery 2023: 5.3K affordable homes between Rs 9-49 lakh on sale near Mumbai
These flats will be available in micro-markets near Mumbai, like Vasai, Virar, Titwala, Thane, Kalyan, Mumbra, etc.
BUSINESS
PM Narendra Modi to hand over possession of 15,000 affordable homes in Solapur next month
This is the largest Pradhan Mantri Awas Yojana (PMAY) scheme in Maharashtra. The houses will be allotted free of cost to beedi workers, textile mill workers, rag-pickers, and construction workers. Work has started on another 15,000 houses.
BUSINESS
House of Abhinandan Lodha plans to launch a 25-acre project in Ayodhya by January 2024
Abhinandan Lodha Ayodhya project: The project is located around 15 minutes away from the upcoming Ram Temple and around 20 minutes from the upcoming international airport in Ayodhya.
BUSINESS
Mumbai real estate: Ajmera Realty plans to monetise land parcels to pare debt
The company has around 1.2 crore sqft of land (carpet area) in different parts of Mumbai, said Dhaval Ajmera, Director of Ajmera Realty informed during Q1FY24 investors call.
BUSINESS
5 things homebuyers in Maharashtra must look for in their real estate agent
Less than 10 percent of real estate agents in Maharashtra have appeared for the MahaRERA competency exams at the expiry of the deadline. Homebuyers must look for agents who comply with the rules of MahaRERA.
