MMRCL nod needed for any construction work in Metro Line influence area
Residents living within the 50-metre influence area of the upcoming underground Metro Line 3 from Colaba-SEEPZ Via Bandra Kurla Complex (BKC) have to obtain prior permission from the Mumbai Metro Rail Corporation Ltd (MMRCL) for carrying out any redevelopment or development activities. The MMRC, which is the project implementing authority, issued a notice on Wednesday […]
MMRDA merges monorail with metro operations
The Mumbai Metropolitan Region Development Authority (MMRDA) has merged the Monorail Project Implementation Unit with the Maha Mumbai Metro Operation Corporation to revive the struggling Mumbai Monorail. The merger aims to improve operation, cut costs, and save expenses. The move is expected to save over ₹40 to 60 crore annually and reduce duplication of manpower. […]
Fresh Tenders Invited To Develop 20Km Kalyan-Taloja Route
Months after the first tender was cancelled, the Mumbai Metropolitan Region Development Authority (MMRDA), last week, invited tenders for the construction of Metro Line 12 that will run from Kalyan to Taloja. As per the contract, the Rs 1,877 crore project involves part-design and construction of an elevated viaduct and 19 stations, with a completion […]
MahaRERA moots system for monitoring quality of housing projects
In line with its plan to put in place a grading system for real estate projects, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has released a consultation paper proposing a framework to have a third-party inspection to ensure quality homes to home buyers. However, initially, it will be optional for developers to join this framework […]
MHADA Reduces Interest On Delayed Payments Of Development Charges To 12%
Mumbai: Maharashtra Housing and Area Development Authority (MHADA) has decided to reduce the penal interest on delayed payments of installments against various premiums to be paid in respect of Building Permission in the redevelopment projects of MHADA from the existing 18% to 12% annually. This information was announced today by Mr. Sanjeev Jaiswal, Vice President […]
Maharashtra Govt’s New Housing Policy To Boost Investments In Real Estate
The Maharashtra Housing Minister Atul Save on Friday, November 24, informed that the state government has been planning to effect necessary requisites in the State’s new Housing Policy to make ‘Housing For All’ a reality; so that every citizen of the State gets his own house either through MHADA or SRA developments or through other […]
MahaRERA freezes accounts of 248 projects for non-compliance
The Maharashtra Real Estate Regulatory Authority (MahaRERA) on Monday suspended the registration of 248 real estate projects for not complying with submission of quarterly progress reports (QPRs). The projects were among 700 registered with the regulator in February 2023. MahaRERA also sent notices under Section 7 of Real Estate (Regulation and Development) Act to 224 […]
BMC To Build FoB Connecting Cotton Green Railway Station And Skywalk
The Brihanmumbai Municipal Corporation (BMC) has revealed plans to build a foot-over-bridge (FOB) that will connect the railway station to the current skywalk at Cotton Green, in response to the long-standing demand of the local populace. It will be the duty of the selected contractor to secure a No Objection Certificate (NOC) from Mumbai Port […]
CIDCO to build Unity Mall to promote indigenous products in Ulwe
Navi Mumbai has been chosen to construct Maharashtra’s Unity Mall, a unique marketplace envisioned by the Central Government to showcase indigenously made products and artefacts to ensure better marketability for them. The City and Industrial Development Corporation (CIDCO) will execute the project and has demarcated a 5,200 sq m plot in Ulwe’s sector 12 for […]
Maharashtra govt to set up forest industrial development corporation
The Maharashtra government has decided to set up Maharashtra Forest Industrial Development Corporation (MFIDC), under the state forest ministry, to promote and develop manufacturing industries based on forest products from the state. Planned on the lines of Maharashtra Industrial Development Corporation (MIDC), the government has constituted an advisory committee to conduct a comprehensive study for […]