BUSINESS
Mumbai: MMRDA extends bidding date for lease of two land parcels in BKC
Bandra Kurla Complex is India’s costliest commercial district, and MMRDA expects to earn over Rs 2,900 crore from the lease of two land parcels
BUSINESS
5 things homebuyers should know about MahaRERA's grading of projects
Grading is expected to help homebuyers make informed decisions while choosing a project. The grading will be done on the basis of information provided by the developer and will refer only to a particular project and not the developer
BUSINESS
MSRDC to lease land parcels in Pune, Raigad for 60 years, raise over Rs 358 crore
Both land parcels have scope for commercial development, said a real estate developer.
BUSINESS
MHADA Pune lottery: 5.8k affordable homes in Rs 5 lakh-Rs 1.11 crore range put on sale
The cheapest apartment costs Rs 5 lakh in the Kagal town of Kolhapur district. The costliest is a 3 BHK apartment for Rs 1.11 crore in the Sant Tukaram Nagar area of Pimpri in Pune district.
BUSINESS
Welspun One to deploy Rs 600 crore for warehousing mixed-use project near Mumbai, construct 6 lakh sqft
The project has an outlay of Rs 600 crore and will be located in close proximity to the prime eastern suburbs of Thane and Mulund, as well as the eastern express highway.
BUSINESS
MahaRERA to grade real-estate projects every six months from April 2024
The regulator has chosen four parameters for grading. All projects registered after January 2023 will be graded. Information uploaded by developers, like technical, financial, and legal details, and project overview will be the parameters.
BUSINESS
MHADA lottery 2023: BJP MLA backs out from buying Rs 7.57 crore south Mumbai flat
The apartment is the costliest in the lottery. In compliance with the MHADA Act, 2 percent of the total homes sold in the lottery were reserved for MPs and MLAs.
BUSINESS
Here’s actress Flora Saini's tips to homebuyers wanting to invest in Mumbai's under-construction houses
Saini is yet to get possession of an apartment she booked in 2013 and has approached the regulator seeking a refund of the amount invested.
BUSINESS
Mumbai real estate: Property registrations, revenue in August best in 10 years
Mumbai reported over 10,515 property registrations in the month, up 22 percent over the previous year, and revenue from registrations stood at over Rs 783 crore, a 21 percent rise
BUSINESS
Mumbai real estate: 2BHK apartments gain traction post Covid; 1BHK owners upgrade to 2BHKs
New launches in Mumbai drop by 48 percent in the first half of 2023 due to consolidation, stringent MahaRERA registrations and a slowdown in sales, experts say.
BUSINESS
Delayed project: MahaRERA freezes bank account of developer, restricts sales in South Mumbai project
The project has been delayed for a decade now and the Bombay High Court has revoked permission issued by the Maharashtra Housing Area and Development Authority to the developer.
BUSINESS
Explainer: Why real estate projects with partial OC must mention registration number in ads
It is not enough for a project to obtain a partial occupation certificate to be exempt from mentioning the registration number.
BUSINESS
Arkade Group to file for IPO by next week, launch by December
The Mumbai-based developer is looking to raise around Rs 600 crore from the IPO, which will value the company at around Rs 4,000 crore
BUSINESS
Delayed possession: MahaRERA extends completion timeline for 7 real estate projects
Maharashtra’s real estate regulator granted the extensions as it felt there is enough progress to show that these projects will be completed in due course. Six of the projects are located in the Mumbai Metropolitan Region, while one is in Pune and nearing completion.
BUSINESS
After developers, MahaRERA asks real estate agents to display QR code or face penalty
Homebuyers can scan the ‘quick response’ codes with their smartphones to get information about a real estate project or a real estate agent, as well as about projects.
BUSINESS
Raymond Realty targets Rs 2,000 crore revenue from Mumbai project launch by FY24 end: CEO Harmohan Sahni
The developer is targeting a topline of Rs 2,000 crore for the residential project. Overall, the company has potential for a Rs 27,000 crore topline, including a 6 lakh sqft construction in Bandra and a 100-acre land bank in Thane.
BUSINESS
Chennai-based Casagrand to develop 20 million sq ft housing in Mumbai and Pune, invest Rs 8,000 crore
The developer will build affordable and luxury housing projects in the two metros in the next three years.
BUSINESS
Amazon Data Services leases 4-acre land from L&T in Mumbai’s Powai
The rent is Rs 2.59 crore per month and Amazon will pay a premium of Rs 18 crore per acre totaling Rs 72 crore, according to the documents.
BUSINESS
Mumbai real estate: How two new metro corridors are jacking up residential rentals
According to market insiders, rentals in the residential market between Dahisar and Andheri have increased between 10-20 percent, more than in the rest of Mumbai.
BUSINESS
MC Exclusive: 31 projects up for deregistration in Maharashtra, total count goes up to 170
Following this, MahaRERA has given a period of 30 days for stakeholders to submit their objections.
BUSINESS
MHADA lottery 2023: BJP MLA Narayan Kuche declared winner for costliest Rs 7.57 crore South Mumbai apartment
Union minister Bhagwat Karad had also applied for the purchase of the costliest apartment. About 4,082 homes, mostly affordable, were up for sale under the lottery.
BUSINESS
MC Explainer: Should you invest in property via the fractional ownership model?
Moneycontrol spoke to experts to understand advantages and disadvantages of investing in property via fractional ownership model.
BUSINESS
MC Exclusive: Pune techies prefer 1 BHK apartments as affordability hit, shows data
According to MahaRERA data, in the first half of 2023, around 11,000 units of 1 BHK apartments were launched, compared to around 18,000 in the entire calendar year of 2022.
BUSINESS
MC Exclusive: MahaRERA inspects over 125 project sites worth Rs 2,000 cr for suspected irregularities
According to MahaRERA officials, while reports on a few real estate projects have already been submitted, investigators are preparing reports on some others after progress of construction and other related matters is verified
