Uncategorized

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.

Allows financial institutions that funded these schemes to complete them In order to revive the stuck slum redevelopment schemes in Mumbai, the Maharashtra government has approved an amnesty scheme under which financial institutions that are registered with the Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI)

Half of property registrations were of Rs 1 crore or above; apartment size ranged between 500 sqft and 1,000 sqft most preferred In a positive development, the country’s major city Mumbai saw a 78 per cent jump in property sale registrations during May to 9,523 units, which is the best

MHADA to reduce premiums on rehab buildings There is good news for home buyers. The Maharashtra Housing and Area Development Authority (MHADA) will take out a lottery for 3,000 homes on Diwali after the completion of a housing project at Pahadi Goregaon in the western suburbs. Housing Minister Jitendra Awhad

The state housing minister told the media that 200 acres of land adjacent to Chikhloli Dam was surveyed by MHADA officials on Thursday Thane: Soon Maharashtra Housing and Area Development Authority (MHADA) will be setting up the largest township in the Ambernath area, said the state housing minister Dr Jitendra

Twenty-five years after its inception, the Slum Rehabilitation Authority’s (SRA) failure to create a slum-free Mumbai has prompted around 80 city architects to come together and propose ways to make the city a better place.   https://timesofindia.indiatimes.com/city/mumbai/failed-sra-architects-propose-ways-to-improve-city/articleshow/91975931.cms Source – Times Of India 

Homebuyers consider ownership important for long term stability. Strong bookings for listed developers continued in Q4. Favourable sales trends remained intact given affordability in the housing market. There were situations like emergency rate hikes which can be a concern for the homebuyers but the sentiment to buy a home remains