Eastern Suburbs of Mumbai have become much sought-after amongst real estate rivestors and homebuyers. Top realtors have already made their way in this belt due to the promising infrastructural growth, affordability, accessibility amplified ROI and its being a workspace hub. https://www.aninews.in/news/business/business/demand-for-rtmi-homes-increases-post-covid20220622172159/ Source – Ani News
Developers say it is difficult to sell or rent apartments that are located in flood-prone areas. The Brihanmumbai Municipal Corporation (BMC), the civic body in charge of the country’s financial capital that is the richest such entity in India, has gone on record saying that flooding in Mumbai is inevitable
Nearly 65 percent construction work of the center has been completed. The facility will also house an exhibition center to display the civic body’s engineering marvels. For the seamless implementation of the projects initiated by the BMC, the civic body is building a command center at Worli’s Love Grove pumping
Mumbai property market witnessed the registration of over 9630 units in May 2022, up by 30 per cent from a year ago, data from the Inspector General of Registration, Maharashtra says . The number of units registered in May 2022 was the highest ever for the month of May, while
Godfrey Pimenta, the homebuyer’s advocate told The Free Press Journal that MahaRERA in its December 2019 order had denied the homebuyer to claim interest on delayed possession of the flat as the agreement of sale was not registered. In a landmark judgment passed by
The government of Maharashtra’s amnesty scheme aimed at kick-starting stalled housing redevelopment and rehabilitation projects is expected to help financial institutions unlock funds worth Rs 35,000 crore that are stuck in loans extended by them to such projects, Maharashtra’s Housing Minister Jitendra Awhad, told ET. https://economictimes.indiatimes.com/industry/services/property-/-cstruction/maharashtra-govts-slum-rehab-projects-amnesty-to-help-unlock-rs-35000-cr-stuck-loans/articleshow/92322758.cms Source – Economic Times
The city’s no development zones (NZ), now renamed special development zones (SD2) are likely to remain untouched. Chief minister Uddhav Thackeray has refused to sanction any construction on this SD, saying it will harm the environment. https://timesofindia.indiatimes.com/city/mumbai/wont-allow-mumbais-sdzs-to-be-developed-says-cm-uddhav-thackeray/articleshow/92266588.cms Source – Times Of India
The City and Industrial Development Corporation (Cidco) has earned over Rs 865 crore through auction sales of just three tender plots in Ghansoli node. The und winning bids were announced on Wednesday evening. https://timesofindia.indiatimes.com/city/navi-mumbai/navi-mumbai-cidco-gets-rs-865-crore-from-auction-of-3-ghansoli-plots/articleshow/92244598.cms Source – Times Of India
Last April, Sena MP from Mumbai South Arvind Sawant had raised the matter with Prime Minister Narendra Modi, which was sent to the concerned ministry and the MbPT. Setting the stage for another confrontation, the Centre has shot down the Maha Vikas Aghadi (MVA) government’s proposal for the revamp of
The revised income slabs are expected to come into effect with the upcoming draw of around 5,000 affordable homes by MHADA in the Mumbai Metropolitan Region. The Maharashtra government has revised the income slabs- a criteria to determine who is eligible to purchase affordable homes constructed by the Maharashtra Housing
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