The state government has clarified that a basic FSI of 1.5 and an additional building potential of 0.50 is permitted for plots leased by CIDCO in Navi Mumbai, providing relief to developers. The clarification comes after CIDCO reportedly denied the FSI to developers due to a different interpretation of regulations
The government of Maharashtra has stated that a member of a housing society that undergoes redevelopment need not pay stamp duty on the allotted permanent accommodation as part of the project. Following this, the member of the housing society undergoing redevelopment is expected to pay only Rs 100 as stamp
Amendments to the Maharashtra Slum Areas (Improvement, Clearance and Redevelopment) Act, 1971, were passed by the assembly on Tuesday even as opposition members warned the government that it would backfire as it was being implemented retrospectively. The state had constituted the Apex Grievance Redressal Committee and Grievance Redressal Committee in
The National Company Law Tribunal (NCLT), Mumbai Bench, comprising of Shri Kuldip Kumar Kareer (Judicial Member) and Shri Shyam Babu Gautam (Technical Member), while adjudicating a petition filed in the matter of Raj Infrastructure Development India Pvt. Ltd. v Lavasa Corporation Limited, has approved the resolution plan of Darwin Platform
It will take an additional ₹922.92 crore and seven months to complete Phase 2 of the Coastal Road Project, comprising the stretch between Baroda Palace near Haji Ali and the Worli end of Bandra-Worli Sea Link. BMC Commissioner Iqbal Chahal recently approved the revised estimates submitted by the contractor, Hindustan
To connect the upcoming Chhatrapati Shivaji Maharaj Terminus (CSMT) Metro station with the existing CSMT railway station, the Maharashtra transport department recently gave approval for the construction of a new pedestrian subway. The subway will be 365 metre long and pass close to the Times of India building and St
The Bombay High Court has said the implications of non- payment of transit rent was serious for slum dwellers and directed the Slum Rehabilitation Authority (SRA) to take proactive measures to address the issue. A division bench of acting Chief Justice Nitin Jamdar and Justice Arif Doctor was on Wednesday
The Maharashtra State Road Transport Corporation (MSRTC) has kicked off plans for redeveloping bus depots across Mumbai. As part of its pilot project, Borivali bus depot will be the first in the city to get revamped at a cost of around 515 crores. The transport body has invited bids for
The Maharashtra Housing and Area Development Authority (MHADA) has accepted 1.06 lakh applications for MHADA lottery 2023, out of the total 1.22 lakh applications it received for 4,000 homes, mostly in the affordable housing segment, in Mumbai, starting at Rs 24 lakh. Out of the 1.22 lakh applications, 527 have
The MahaRera has issued show-cause notices to as many as 563 developers for not submitting quarterly progress report (QPR), which has details such as the number of apartments booked, the amounts received the allottees and list of approvals obtained, among others. In May this year, the MahaRera had issued a
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