Private yacht operators at Mumbai’s Gateway of India may receive financial relief following discussions over a proposed reduction in pontoon charges from approximately Rs 90 to Rs 50 per passenger. The proposal is being considered as a possible resolution to an ongoing dispute involving the operators, Mumbai Port Authority (MbPA)
Bollywood actor Ranbir Kapoor has rented out his luxury apartment at Trump Towers in Pune for an initial monthly rent of Rs 4.63 lakh, according to property registration documents accessed by CRE Matrix. The three-year lease is expected to generate approximately Rs 1.75 crore in rental income over its full
The Palghar district administration has introduced a dedicated Corporate Social Responsibility (CSR) portal to improve the coordination, allocation and monitoring of corporate funding for development initiatives across the district. The platform was launched under the Seva Sankalp Abhiyan during the ‘Viksit Palghar: An Alliance for Development’ conclave at Govardhan EcoVillage
Maharashtra is considering establishing its fifth Film City in the picturesque coastal region of Guhagar taluka in Ratnagiri district, with an initial investment of approximately Rs 100 crore. The proposed facility is planned across 125 acres of Maharashtra Tourism Development Corporation (MTDC) land spanning Palshet, Velneshwar and Tavsal villages. The
The Panvel Municipal Corporation (PMC) has approved a proposal to introduce its own public transport service, alongside several infrastructure and youth-focused initiatives, at a special general body meeting held on October 15. The meeting, numbered 11, took place at Adya Krantiveer Vasudev Balwant Phadke Natyagriha in Panvel under the chairmanship
The Income Tax Appellate Tribunal (ITAT), Mumbai, has set aside an income tax assessment of Rs 80.14 lakh imposed on a taxpayer who sold a redeveloped flat in Chunabhatti, Sion, for approximately Rs 1.95 crore. The tribunal ruled that redevelopment does not automatically create a new property or reset the
Mumbai and the wider Mumbai Metropolitan Region (MMR) are facing mounting ecological and social challenges due to rapid urbanisation, high-rise redevelopment and relaxed Floor Space Index (FSI) norms, experts warned at a recent seminar. The region extends across parts of Thane, Palghar and Raigad districts. The seminar, titled “Towering Crisis:
The Maharashtra government has approved a Rs 94.12-crore proposal by the Shree Siddhivinayak Ganpati Mandir Trust to acquire 20 residential and commercial units at Ram Mansion Cooperative Housing Society in Prabhadevi, Mumbai. The purchase forms part of a Rs 100-crore expansion initiative aimed at improving facilities and managing the large
The Bombay High Court has directed the Enforcement Directorate (ED) to issue a no-objection certificate (NOC) within six weeks for the redevelopment of a 44-year-old cooperative housing society in Mumbai, despite one of its flats being attached in a money laundering investigation. A bench led by Justice Bharati Dangre passed
Bollywood actor Saif Ali Khan has leased two commercial office units in Mumbai’s Andheri East to Durva Fintech Private Limited under a five-year agreement, with the arrangement expected to generate approximately Rs 14.64 crore in rental income, excluding applicable taxes. According to the registered leave and licence agreement accessed by
Purus ut praesent facilisi dictumst sollicitudin cubilia ridiculus.