BUSINESS
5 things about Dilip Kumar's landmark bungalow and its redevelopment
The redevelopment project, named 'The Legend,' will comprise 4 and 5-BHK luxury apartments, including duplex units, and will also house a 2,000 sq ft museum dedicated to the legend, Dilip Kumar.
BUSINESS
Luxury homes: Ashar Group to redevelop bungalow of Bollywood superstar Dilip Kumar in Mumbai’s Bandra, eyes Rs 850 crore revenue
The exclusive luxury homes in Mumbai’s upmarket Pali Hill will target high networth individuals such as film personalities, sports people and industrialists
BUSINESS
Mumbai property registrations off to a healthy start in calendar 2023. Here’s why
The first seven months of the year saw the highest property registration revenue and second highest property registrations, according to Maharashtra government data.
BUSINESS
Maharashtra: From today, developers to display QR code on advertisements or face up to Rs 50k penalty
All real estate projects in the state have been assigned a QR code with the registration certificate for publishing to provide homebuyers with project details.
BUSINESS
Area Watch: Will luxury homes post-COVID bring back South Mumbai’s charm?
South Mumbai, once known for being among the costliest real estate markets, is set to witness a heavy inflow of infrastructure projects like the Metro, the Coastal Road, and the Mumbai-Navi Mumbai Trans Harbour Link.
BUSINESS
MHADA lottery 2023: Union Minister Bhagwat Karad, BJP MLA Narayan Kuche in race to buy Rs 7.57 crore apartment in South Mumbai
In total, MHADA has accepted 1.06 lakh applications out of the 1.22 lakh it received for 4,082 apartments in the 2023 lottery. Of the 4,082 apartments, over 2,700 are for the Economically Weaker Section category.
BUSINESS
Maharashtra govt slashes stamp duty to Rs 100 for home owners during redevelopment of old buildings
Move to benefit both developers and housing society members, and boost the revamp of dilapidated buildings
BUSINESS
Maharashtra developers to display QR code in ads or face Rs 50,000 fine
The QR code will help prospective homebuyers access information about a real estate project using their smartphones.
BUSINESS
Maharashtra open to changes to strengthen RERA Act, homebuyers interests: Deputy CM Fadnavis
The proposals may include steps to improve the process of executing recovery warrants issued to developers for not handing over possession of homes to buyers.
BUSINESS
MC Explains: What the NCLT order means for homebuyers at Lavasa Hill Station?
The company taking over the project has given total three options to homebuyers for ensuring their concerns are dealt with, including that of self-construction.
BUSINESS
Luxury home sales: Mumbai reports Rs 11,400 crore of luxury home sales in first half of 2023, says report
Sales increased on account of higher demand from industrialists, Bollywood celebrities, and high-salaried employees
BUSINESS
197 developers under MahaRERA lens for advertising without registration number, Rs 18 lakh penalty imposed
In many cases registration numbers were not printed in advertisements on Facebook and other social media platforms.
BUSINESS
MC Explainer: How a Rs 1,000 stamp duty slash can cut self-redevelopment cost by 7% in Maharashtra
However, the state government has clarified that homebuyers purchasing apartments from the open market in such societies will have to pay stamp duty per the prevailing market rate.
BUSINESS
Rs 5,000 crore, 5 years, 4,200 diamond traders – That’s what it took to set up Surat Diamond Bourse
Surat Diamond Bourse (SDB) is now the largest office in the world, surpassing even the Pentagon in the US.
BUSINESS
MHADA lottery 2023: 1.06 lakh applications accepted for 4,000 homes, 527 rejected
According to MHADA, it has received 1.22 lakh applications in total, but over 14,000 applications are put on hold as they are under scrutiny. Those whose applications have been rejected can submit their grievances up to July 19, 2023.
BUSINESS
MahaRERA issues notices to 563 developers for non-compliance in project detail uploads; Pune tops the list
The regulator has warned developers of cancellation of their registrations if the order is not complied within 45 days.
BUSINESS
Mahindra Lifespaces applies for MahaRERA deregistration of 11 luxury villa projects in Alibaug
In all, 139 real estate projects in Maharashtra have applied for deregistration, in three phases.
BUSINESS
Area watch: Once Mumbai’s poor cousins, Powai and Thane are now preferred locations
This is thanks to urban sprawl, saturation levels experienced by existing areas, new Metro connectivity, modern highways, and new real estate players who have come up with innovative offerings in these far-flung locations.
BUSINESS
Why Bollywood stars prefer investing in commercial properties and not residential apartments in Mumbai
The high rental yields of 6-10 percent that commercial properties offer, compared to 2 to 3 percent for residential properties, is the key reason for this trend.
BUSINESS
Tata Realty eyes Rs 11,000 crore topline in residential real estate in next four years
It will remain focused on Bengaluru, Mumbai and Delhi NCR in India for residential real estate followed by Sri Lanka and the Maldives in international markets.
BUSINESS
Maharashtra slashes stamp duty to Rs 1,000 for allotment of apartments in self-redevelopment projects
For normal purchases, the Maharashtra government charges a stamp duty of between 5 percent and 7 percent of the total agreement value, depending on the city and the district
BUSINESS
Adani Properties awarded redevelopment project for Dharavi, Asia's largest slum cluster
The Maharashtra government aims to complete the project within the next 17 years and carry out rehabilitation over the course of the next seven years.
BUSINESS
Pune-based real estate developer Gera Developments signs Amitabh Bachchan on as brand ambassador
The company says it has a strong pipeline of 5.5 million sq. ft. of saleable area under development in Pune.
BUSINESS
Income cap for PMAY homebuyers in economic weaker section increased to Rs 6 lakh in Mumbai
The Centre's move is expected to benefit lakhs of homebuyers. Maharashtra’s affordable housing schemes have already pegged the cap at Rs 6 lakh for Mumbai, Pune and Nagpur.
