Following complaints by homebuyers over the concern that allowing additional time for builders to complete a housing project might affect their rights, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has clarified that it permits deadline extensions only to protect the homebuyer’s interest and with certain conditions imposed on the developer.
Mumbai is one of the biggest and most populated cities of India and is often referred to as the ‘city that never sleeps’. The Maharashtra capital houses the most number of people and one issue that is common for all – a problem that everyone faces, is the traffic in
A major infrastructure development is set to transform Mumbai’s transportation landscape, as the Brihanmumbai Municipal Corporation (BMC) green-lights the Versova-Dahisar Link Road (VDLR) proposal. Valued at a staggering Rs 25,413 crore, the project promises to slash travel time by an impressive 70%. The grand vision for the VDLR is a
The Mumbai Coastal Road Project (MCRP) will likely be operational only for 12-hours during the weekdays and cater to just south bound traffic once it becomes operational from the first week of February. Chief Minister Eknath Shinde on Sunday said that the ongoing construction work for the MCRP will be
With the City and Industrial Development Corporation (CIDCO) easing the ‘Consent’ clause while undertaking the redevelopment of old and dilapidated buildings in the satellite city, more structures are now seeking permission for redevelopment. Developers acknowledge that this new rule will boost the redevelopment process. However, they highlight that the redevelopment
Prime Minister Narendra Modi inaugurated the Mumbai Trans Harbour Link (MTHL), the country’s longest sea bridge, on Friday. The sea bridge, named the Atal Bihari Vajpayee Sewri–Nhava Sheva Atal Setu, connects South Mumbai to Navi Mumbai and will reduce the current two-hour journey to just around 15-20 minutes. While inaugurating
The National Company Law Tribunal (NCLT) has approved the scheme of amalgamation and arrangement between Mumbai-based realty firm JP Infra (Mumbai) and its affiliated entities Four D Estates, Four D Buildspace and JP Infra Realty. Of these entities, Four D Estates, through its wholly-owned subsidiary JP Infra (Mumbai), is engaged
The Padgha-Kharghar transmission line in Mumbai, which will bring in an additional 2,000 MW of electricity, is expected to be ready by March 2024. The project, built at a cost of ₹900 crore, will bring cheaper power from the national grid to the Mumbai Metropolitan Region for the next few
In a strategic move to revive the Mumbai Monorail, the Mumbai Metropolitan Region Development Authority (MMRDA) has merged the Monorail Project Implementation Unit (Mono-PIU) with the Maha Mumbai Metro Operation Corporation Ltd. (MMMOCL). The decision, aimed at improving monorail operations, reducing losses, cutting costs, and eliminating duplicating expenses, received approval
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,
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