In a major boost to real estate in Navi Mumbai, the State Urban Development department has announced a slew of measures to resolve long-pending demands of the residents and developers of Navi Mumbai under ‘Navi Mumbai Housing Revival Programme; UD minister Eknath Shinde has said that the measures have been
This is expected to offer relief to thousands of homebuyers and over 400 affected projects in the region In an attempt to offer immediate relief to thousands of homebuyers and over 400 real estate projects in the region, the Maharashtra government’s ministry of urban development has introduced several measures under
The ‘maximum’ city Mumbai, with its aspirations and opportunities, makes it the opportune real estate market for the Prestige Group to foray into. After achieving a record pre-sales collection of more than Rs 10,000 crore in the financial year ended March 31, 2022, the Prestige Group – one of the
Developers’ body to hold property exhibition twice in year—one in summer and another in winter After the successful execution of the 20th property exhibition, the Builders Association of Navi Mumbai (BANM) has decided to hold the exhibition twice a year—one in summer and another in winter. The developers’ body claimed
About 27 years after they booked flats in a residential project at Kopar Khairane in Navi Mumbai, two residents of Lokhandwala will receive amounts equal to seven times the price of the flats as the builder failed to complete the project and handover over ready flats During the pendency of
In another sign of a recovery in India’s real estate market, Apollo Global Management plans to provide a USD 1-billion debt funding to developers in the country this year, according to a Bloomberg report. Both housing and commercial realty markets are seeing a robust performance this year, with housing sales
The Sewri-Nhava Sheva Mumbai Trans Harbour Link, which was severely delayed by Covid lockdowns, is progressing at rapid speed thanks to an ‘acceleration plan’ put in place by MMRDA. Mumbai: A part of Mumbai’s skyline on the eastern side has undergone a drastic change over the last few months, with concrete
NCDRC bench directed the developer to pay an additional amount of ₹25,000 to each of the complainants towards litigation costs. Mumbai: In a big relief for 14 buyers who purchased flats in Hubtown Sunstone at Bandra east, the developer has been directed to refund 20% of the flat price on account
This Konkan board lottery draw houses are mainly located in Kalyan, Thane, Dombivili, Vasai, Virar among other places. The Maharashtra Housing and Area Development Authority (MHADA) Konkan board lottery draw will be called in June this year. Total 1,200 houses in the affordable lottery scheme will be made available to
Similarly, Industry bodies like NAREDCO & CREDAI sought the intervention of the government to address the concerns of the real estate sector. Soon after the Reserve Bank of India (RBI) raised the repo rate by 40 basis points, the banking sector imitated the same by increasing interest rates in lending
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