Home buyers awaiting compensation from N K Bhupeshbabu, promoter of Enkay Garden, are a step closer to receiving their pending dues. The Panvel tehsildar’s office has recovered Rs 4.82 crore by auctioning the Navi Mumbai builder’s properties The developer, however, is planning to contest the recovery in the high court
The Income-Tax Appellate Tribunal’s (ITAT) Mumbai bench recently held that the rental compensation received from a builder due to a redevelopment project is not taxable in the hands of the former flat owner. ITAT adopted this stand even as the taxpayer, the former flat owner, had not taken another accommodation
The Navi Mumbai Metro Line 1, a much-delayed infrastructure project, is finally set to be commissioned in the next few months. The City and Industrial Development Corporation of Maharashtra (CIDCO), which is the nodal agency for the project, is expected to obtain the Commission of Railway Safety (CMRS) certificate for
The City and Industrial Development Corporation (CIDCO) has floated tenders for building of roads and footpaths for its Navi Mumbai Airport Influence Notified Area (NAINA) project. “NAINA is an ambitious project in the urban planning sector of the state. As the project is being implemented through TPS (Town Planning Schemes),
MHADA has informed the Bombay High Court that it aims to complete one of the rehab buildings in the Patra Chawl redevelopment project by the end of the year, ahead of its scheduled deadline of May 2024. The housing authority also pledged to identify eligible tenants to receive transit rent
Maharashtra Real Estate Regulatory Authority (MahaRERA) plans to make regulatory oversight of residential projects more stringent and intends to ensure that home-buyers get their houses within the stipulated time while having access to information about the status of the project during construction Former BMC Commissioner Ajoy Mehta, who took over
The State government designated CIDCO as the Special Planning Authority (SPA) under Section 40(1)(b) of the MR and TP Act, 1966 for the notified area surrounding the proposed Navi Mumbai International Airport (NMIA), known as the “Navi Mumbai Airport Influenced Notified Area (NAINA)” in consideration First, an Interim Development Plan
Mumbai and Thane have recently received a major boost to their transportation infrastructure with the inauguration of two new signal-free corridors by Chief Minister Eknath Shinde. The Mumbai Metropolitan Region Development Authority (MMRDA) constructed the two corridors, which are expected to bring significant relief from the heavy traffic congestion on
The land is required to establish a depot facility for the under construction Metro 6 between Swami Samarth Nagar (Lokhandwala) in Andheri West and Kanjurmarg. A closure seems to be coming on Kanjurmarg land to construct a metro rail car depot as the state government has initiated the process to
The Mumbai Metropolitan Region Development Authority (MMRDA) received the green signal for the Metro line 2B between DN Nagar and Mandale, as the Bombay High Court disposed of a Public Interest Litigation (PIL) challenging the no-objection certificate (NOC) issued by the aviation authority pertaining to height restrictions near the Juhu
Purus ut praesent facilisi dictumst sollicitudin cubilia ridiculus.
