Bidding process is open till June 24, while those interested have to deposit Rs 10 lakh To fund mega projects like Samruddhi Mahamarg, Versova-Bandra Sea Link, Thane creek bridge and Konkan coastal road, the Maharashtra State Road Development Corporation (MSRDC) is looking at ways to optimally monetise its land banks.
PUNE: The real estate sector in the state has started the 2022-23 fiscal on a steady note despite the 1% Metro cess and rise in Ready Reckoner (RR) rates from April 1. The first quarter of the financial year is likely to generate more registration and revenue figures as compared
On the occasion of World Environment Day earlier this month, Lokhandwala resident and veteran ornithologist Sunjoy Monga, had written to Aaditya Thackeray Mumbai The state government, through the office of environment minister Aaditya Thackeray, has directed the forest department’s mangrove cell to assess
The commission had initiated the suo moto case after a report in a newspaper had highlighted that a wall from the main gate of the university to one of the buildings on the campus was completely missing The Maharashtra State Human Rights Commission (MSHRC) has summoned the MMRDA in a
According to reports, a 29-year-old was killed while seven others were severely injured after the ceiling slabs of multiple flats collapsed on an eight-storied building in Navi Mumbai. Every year, during monsoon, Mumbai and neighbouring cities witness an immeasurable building collapse-related mishaps. In another such incident that took place at
The RBI’s June 8 announcement, allowing district and state co-operative banks to use 5 per cent of their total commercial real estate asset for self-redevelopment will come as a boon for thousands of stalled projects. Real estate experts have welcomed the decision and said self-re-development provides maximum security to the
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
Purus ut praesent facilisi dictumst sollicitudin cubilia ridiculus.