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In a significant development. Cidco has cleared a major hurdle by removing more than 3070 existing structures in the core airport area encompassing 10 wages which will pave the way for construction at the Navi Mumbai International Airport (NMIA), The entire airport and of around 1160 hectares have been handed

Hitesh Thakkar, a developer from Mumbai and vice-president, NAREDCO West, said this would largely resolve disputes between buyers and developers. Aiming to bring in transparency and minimize buyer-seller disputes the Maharashtra Real Estate Regulatory Authority (MahaRERA), has standardized the proforma of allotment letters. https://www.freepressjournal.in/mumbai/mumbai-maharera-puts-out-model-allotment-letter Source – Free Press Journal

The Reserve Bank of India’s decision to allow co-operative banks to grant finance to commercial real estate – residential housing segment within the existing aggregate housing finance limit of 5% of that total asset is expected to boost self-redevelopment of housing societies in cities especially in the country’s commercial capital

The MMRDA had decided to extend the MTHL to the Mumbai-Pune Expressway to address the issue of bottleneck at Navi Mumbai caused by the narrow-lane connectivity, leading to smooth traffic movement between Mumbai and Pune. The Mumbai Metropolitan Regional Development Authority (MMRDA) is planning to carry out a Traffic Impact

The 37 long km metro line 2A and 7 once completely operational is largely believed to reduce the crowd on Mumbai suburban local trains both on central and western lines. The Mumbai Metropolitan Region Development Authority(MMRDA) has expedited the Mumbai Metro Line 2A&7 work so as to open up the

According to an official from MMRDA, who did not wish to be named the idea to understand the traffic impact and disbursement is that the existing roads and intersections can be improved and made hi-tech The Mumbai Metropolitan Region Development Authority (MMRDA) post commissioning of the Mumbai Trans Harbour Sea

NAVI MUMBAI: Even after Cidco handed over physical infrastructure and services, albeit with riders, to the PCMC in December last year, Cidco has continued to levy ‘service charges’ on housing societies in PCMC jurisdiction.   https://timesofindia.indiatimes.com/city/navi-mumbai/cidco-continues-to-levy-service-charges-despite-transferring-infrastructure-and-services-to-pcmc/articleshow/92017099.cms Source – Times Of India 

The aggrieved was ‘upset’ as the refund was ordered with interest rate less than his home loan Despite getting relief from the Maharashtra Real Estate Regulatory Authority (MahaRERA) in a delayed flat possession case, the buyer has expressed concern over the verdict. The buyer’s advocate Godfrey Pimenta asserted that his

Even as builders find a lot of traction among flat owners to redevelop prime residential properties, some housing societies are treading a different path-self redevelopment, a collective effort by members of cooperative housing societies to rebuild their homes without involvin developers, is slowly gaining ground. The task is onerous, obstacles

This week’s realty hot spot is Kurla Ghatkopar in Mumbai. Kurla Ghatkopar is a prominent residential and commercial suburban belt in eastern Mumbai. Other than proximity to key employment zones, the area boasts good schools, hospitals and malls. Properties here are available in the price range of Rs 11,500-21,000 psf.