Concerns about over 16,000-plus dilapidated buildings standing tall in Mumbai, which is home to thousands of residents, are growing. Here, experts moot key measures to save or redevelop these buildings. As monsoon picked up strength in Mumbai, India’s financial capital, concerns over 16,000-plus dilapidated buildings standing tall in Mumbai, which are
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has introduced standardised allotment letters for developers in a bid to bring in transparency and minimise buyer-seller disputes. https://timesofindia.indiatimes.com/city/pune/maharashtra-real-estate-regulatory-authority-standardises-home-allotment-letters-for-realtors/articleshow/92626283.cms Source – Times Of India
Cidco has offered two more plots for professional colleges-one each in NMMC and PCMC areas. The planning agency is offering a plot in Ghansoli node near the existing IT firms for higher education institutions. Similarly, another plot has been made available in the educational hub of Kharghar. According to the
Observing that there was a serious disputed question of facts, the Bombay high court directed around 150 slum dwellers in Jogeshwari East to vacate their existing structures in two weeks from a plot earmarked for the Metro 6 rail project. https://timesofindia.indiatimes.com/city/mumbai/bombay-hc-dismisses-slum-dwellers-plea-orders-them-to-vacate-from-plot-marked-for-metro-line-6/articleshow/92634626.cms Source – Times Of India
Legal and political battles have left a lasting impact on Mumbai’s showpiece underground metro line, delaying the project by years and piling on costs. When the previous Fadnavis administration decided to locate the metro’s car shed inside the green Aarey belt, it was a move that horrified environmentalists and unleashed
District Guardian Minister Aditi Tatkare expressed satisfaction over the approval. The construction of the sanctioned administrative building will cost Rs 11.3 crores. The state government has given administrative approval for the construction of the administrative building of the tehsil office of Panvel taluka in Raigad district. The construction of the
Mumbai property market witnessed the registration of over 9675 units in June 2022 while monthly state revenue collections reached Rs. 714 crore through stamp duty, data from the Inspector General of Registration, Maharashtra revealed. Both the units registered and stamp duty collection was the highest ever for the month of
Analysts at IIFL Securities visited the BDD chawl redevelopment project at Worli, the largest residential construction project in India, and met the contractor’s consortium to assess the progress on the project and its effect on the Mumbai real-estate market. The project involves execution of ~25.5 million square feet (msf) in
Compact home of up to 500 sqft contribute to 38% of all properties registered in June 2022 as compared to 34% in May 2022 Mumbai city saw property sale registrations of 9,525 units in June 2022, contributing over Rs 697 crore to the state revenues, according to data from the
The change of guard in Maharashtra has revived the hope of expediting the Ahmedabad-Mumbai high speed rail, popularly known as bullet train! project in the state. So far. work has not started in the Maharashtra portion due to non availability of sufficient land and forest clearances, whereas construction is in
Purus ut praesent facilisi dictumst sollicitudin cubilia ridiculus.