Two-part draft put together by Devashish Bharuka contains mandatory clauses that cannot be altered by states or UTs Property lawyers and Real Estate Regulatory Authority (RERA) practitioners have welcomed the Central government’s move to bring about a model builder-flat buyer agreement with mandatory clauses that cannot be altered by states
The Maharashtra government had floated a global tender for the redevelopment. The project is estimated to cost more than Rs 20,000 crore The Slum Rehabilitation Authority (SRA), under whose banner international tenders for the appointment of a lead partner for Dharavi redevelopment were floated, conducted a pre-bid meeting in which
The company, which is currently in the process of raising funds through its initial public offer (IPO), is planning to invest over Rs 500 crore to develop the project that will be completed in the next five years. Realty developer Rustomjee Group has entered into an agreement to jointly develop
The cumulative 50 bps rate hike by the RBI has decreased home purchase affordability on an average by 2 percent across markets and increased EMI load by 7.4 percent Mumbai is the most expensive residential market in the country followed by Hyderabad and Delhi-NCR. Ahmedabad continued to remain the most
The NGO also claimed that permissions were granted by the SRA to construct beyond permissible Floor Space Index (FSI) and there was brazen violation of provisions of relevant Development Control Regulation (DCR) The Bombay High Court on Monday directed the Slum Rehabilitation Authority (SRA), Mumbai, to file an affidavit in
According to the report by NAREDCO-Knight Frank titled ‘Brick by Brick: Reimagining Affordable Mumbai’, Mumbai Metropolitan Region (MMR) recorded a significant demand-supply gap for affordable housing The NAREDCO Progressive Neral-Karjat organized the Manthan Affordable City Initiative, with the intention to provide affordable housing along with proper infrastructure. ‘NAREDCO Progressive Neral-Karjat’
The government had cleared 183 allotment proposals in September but was investigating eight remaining projects Months after the Maharashtra government stayed 191 land allotment proposals for industries cleared by the Maharashtra Industrial Development Corporation (MIDC), restrictions on all projects have been lifted. The government had cleared 183 allotment proposals in
More than 100 residents of the Keshav Height building in Kalwa, Thane, are on a hunger strike against the builder’s alleged fraud More than 100 residents of the Keshav Height building in Kalwa, Thane, are on a hunger strike against the builder’s alleged fraud. The residents alleged that the builder
The report finds that 38 percent of the respondents would prefer to buy housing units priced less than Rs 15 lakhs The Mumbai Metropolitan Region (MMR) has recorded a significant demand-supply gap for affordable housing, as per the report ‘Brick by Brick: Reimagining Affordable Mumbai’ by Knight Frank – NAREDCO.
A dedicated e-registration facility through the IGR Department of Government of Maharashtra will also be set up, where home buyers can do spot registration of properties on the same day Real estate body CREDAI-MCHI (Confederation of Real Estate Developers’ Associations of India-Maharashtra Chamber of Housing Industry) has organised a four-day
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