BUSINESS
Maharashtra forms panel to probe developers who used fake documents to get approvals
The five-member committee will submit its report in two months after investigating the allegations.
BUSINESS
Pune apartment prices rise 11% but sales down 8%, says GERA report
The average price rise of 4 percent was seen in areas including Hinjewadi and Wakad followed by areas like Kharadi, Kothrud and Undri at 3 percent, according to Knight Frank India report.
BUSINESS
Authorities begin land acquisition for wayside amenities along Mumbai-Nagpur Samruddhi Expressway
The Maharashtra State Road Development Corporation is looking to acquire around 40-48 hectares of land across four locations for the construction of amenities like restaurants, auto workshops, toilets, fuel stations, etc.
BUSINESS
MC Explainer: Can a homebuyer seek refund if the number of floors in a real estate project is reduced?
We take you through a case in which the National Consumer Disputes Redressal Commission directed Macrotech Developers to refund over Rs 11 crore to a homebuyer in Mumbai.
BUSINESS
MC Explainer: 5 things homebuyers should know about Maharashtra’s 50% stamp duty concession for township projects
According to the Maharashtra government's definition, an Integrated Township Project can come up where there is a suitable area of 40 hectares or 100 acres at one place.
BUSINESS
MHADA lottery 2023: Close to 1 lakh applications for 4,000-plus homes in Mumbai
Prices for these apartments are in the range of Rs 24 lakh to Rs 7.57 crore, with the carpet area ranging from 204 sq ft to 1,500 sq ft
BUSINESS
Maharashtra authorities plan tourism park in MIHAN SEZ in Nagpur
MIHAN is the country's first multi-product SEZ, located adjacent to the existing international airport in Nagpur
BUSINESS
Mumbai property registrations decline 7% in 6 months
Revenue from registrations increased by 23 percent to Rs 5,483 crore compared to last year, according to official data of Maharashtra government.
BUSINESS
Mumbai has 77% of India’s tall buildings; Hyderabad ranks second: CBRE
There is an average price premium of 10-15 percent above the 20th floor and over 25 percent in some cases above the 40th and 60th floors.
BUSINESS
Home and dry? 5 Mumbai areas that see waterlogging every year during monsoon
Yes, you may be able to get a discount when buying or renting a house in these localities, but do consider the downsides
BUSINESS
107 real estate projects up for deregistration in Maharashtra; MahaRERA invites objections
Projects that are unviable, facing trouble or where the claims of homebuyers / other concerned stakeholders have been settled, can be put up for deregistration.
BUSINESS
MHADA lottery 2023: Deadline to apply for homes in Mumbai starting at Rs 24 lakh comes closer
So far, more than 84,000 applications have been received for the 4,000 homes on offer, MHADA data reveal. Of those applications, more than 59,000 have also made an earnest money deposit.
BUSINESS
Navi Mumbai metro to start soon, boost property prices in micro-markets
The metro’s biggest impact will be in the Pendhar-Taloja belt, which is not as well-connected as other areas.
BUSINESS
Arihant Superstructures forays into plotted development, to invest Rs 700 crore for 500 luxury villas
The company has acquired nearly 76 acres of land for the project, named World Villa, in Chowk near Panvel. Arihant also plans to launch projects in Taloja, Khopoli, Panvel, Kalyan, Badlapur, Karjat, Shilphata, Titwala, and one plotted development project in Karjat in the next few months.
BUSINESS
Is the Pune real estate market going the Mumbai way?
Affordability is increasingly becoming a challenge. As a result, the sizes of apartments in Pune are falling. Yet, they are larger than in Mumbai
BUSINESS
Why do some Bollywood stars prefer renting apartments in Mumbai rather than buying them?
The short answer is that it makes economic sense even as they maintain a lifestyle that is expected of them
BUSINESS
MahaRERA extends deadline of 12 real estate projects; wait for homebuyers to get longer
The MahaRERA has said that rather than cancel the project registrations, it has given the extensions in the interest of homebuyers with the understanding that developers will expedite the construction.
BUSINESS
Real estate developers in Maharashtra can advertise completed projects without citing RERA registration number. Here’s how
That’s possible, provided the projects advertised are completed and have received an occupation certificate from the authorities.
BUSINESS
Kolte Patil Developers to focus on unit price of Rs 1.5 crore to Rs 3.5 crore in Mumbai, to enter new micro-markets of Pune
During the Q4FY23 earnings call, the company said it is looking to secure deals with a cumulative turnover of Rs 8,000 crore.
BUSINESS
Mumbai real estate: Redevelopment projects worth Rs 20,000 crore unable to take off in Juhu. Here’s why
As monsoon approaches, over 20,000 residents worry over the structural safety of their 40-60-year-old buildings
BUSINESS
MC Explains: Six things you need to know about proposed deregistration of 88 real estate projects in Maharashtra
MahaRERA had in February 2023 allowed deregistration of projects that were unviable or are were in trouble. Only projects in which claims of the homebuyers or other concerned stakeholders have been settled can be deregistered.
BUSINESS
5 things to know about 50% premium waiver for cluster development in Mumbai
Medium and small developers say the move will help only the big top 25 players and make standalone single-building projects unviable
BUSINESS
Read how SM Malde, 74-year-old real estate agent from Mumbai, becomes oldest candidate to clear MahaRERA exam
Maharashtra, home to around 39,000 MahaRERA-registered real estate agents, has made this assessment mandatory on the ground that real estate agents are a vital bridge between homebuyers and developers.
BUSINESS
Maharashtra junks 15-year cap on women selling property to “non-female” buyers
The cap introduced on International Women’s Day in 2021 is being scrapped in “public interest.’’
