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
After taking over as CM in 2019, Uddhav Thackeray stayed the construction of the Colaba-Bandra-Seepz metro 3 corridor and appointed a committee to look for alternative plots. Subsequently, his government designated the Aarey colony as a reserve forest. In his first cabinet meeting after taking charge as Maharashtra deputy chief
A day after the Kurla building collapse, the state cabinet approved an extension of two years for a scheme that allows conversion of collector’s land (Occupancy Class II) to freehold on payment of a premium. https://timesofindia.indiatimes.com/city/mumbai/2-yr-extension-to-convert-collector-land-to-freehold/articleshow/92559110.cms Source – Times Of India Pic Credit – English Jargan
Rahul Sharma, India mobility leader, Mercer, said, “Global supply chains for necessities have been disrupted as a result of Covid-19-related volatility, which has been exacerbated worse by the conflict between Ukraine and Russia. As a result of this uncertainty, organisations have been forced to revaluate their global mobility initiatives.” Mumbai
Nearly 460 homebuyers who invested in project ‘Meadows’ saleable component of the Patra Chawl redevelopment project have been left at God’s mercy Nearly 460 homebuyers who invested in project ‘Meadows’ saleable component of the Patra Chawl redevelopment project have been left at God’s mercy. Even after 14 years, the investors
The price rally was sharpest for Pune and Chennai, at 9% (YoY) each respectively; Delhi-NCR sales down by 10% The rise in input costs, inflationary pressures, and premiums attached to ready-to-move-in inventory has led to a 5-9 percent hike in the average value of new and available properties in top
Maharashtra urban department principal secretary Bhushan Gagrani on Wednesday told TOI that building permissions in all corporation and council areas of the state would be provided only through online mode from July 1. https://timesofindia.indiatimes.com/city/pune/from-july-1-only-online-building-nod-in-maharashtras-civic-areas/articleshow/92557503.cms Source – Times Of India
Purus ut praesent facilisi dictumst sollicitudin cubilia ridiculus.