The State Housing Minister Jitendra Awhad, told FPJ, “Several developers even after demolishing the structure do not carry out redevelopment projects. This needs to be stopped.” The State Housing Minister Jitendra Awhad in a bid to expedite housing redevelopment projects has announced that henceforth developers have to explain why they
In a landmark judgment, MahaRERA court held in case of misrepresentation by a developer in the sales brochure, advertisement buyers can claim a full refund, with interest The MahaRERA in a recent judgment passed allowed a flat buyer to pull back from a project and also directed the developer to
Leaving the update of Metros of Mumbai aside, at this point of time, the WEH is a complete bowl of the mess that needs immediate attention Mumbai has over 42 lakh vehicles running on its road with a density of 2100 vehicles per kilometer of stretch. One of the badly
Every year just ahead of monsoon, the civic body releases a list of dilapidated buildings, out of which the buildings that are unfit for habitation are categorised as C-1 structures Ahead of monsoon this year, the Brihanmumbai Municipal Corporation (BMC) has categorised 337 residential buildings in Mumbai as dangerous. Every
The real estate sector has attracted investments worth $943 million during the quarter led by the office segment and a comeback of retail real estate, showed a JLL India report. The waning of uncertainty due to pandemic resurgence led to a pick-up in investment momentum during the first quarter of
On an average, there was a 9.26 percent to 10.44 percent increase in construction costs for Grade A warehousing and 7.72 percent and 8.68 percent for general manufacturing in the last two years Mumbai and Kolkata saw the highest construction costs at Rs 2,115 per sq.ft. for grade-A warehousing space
Developers to strategise the ways to reinvent the sector to foster growth Despite the disruptions and market upheavals during the last two years of the pandemic, the real estate sector has made an impressive revival. The sector has transformed into a buyer’s market driven by rising demand and various reforms
The city is in the middle of a redevelopment boom, with small old buildings making way for a big new one and that is where the Permanent Alternative Accommodation Agreement is playing the lead role Since November 2021, housing demand from builders had started softening in Mumbai. Except for select
Belying apprehensions in many quarters, the implementation of the Real Estate Regulatory Act (RERA – w.e.f May 1, 2017) and later its state-level avatars, has done a world of good to the entire realty sector — one of the biggest revenue grosser in the country, a top expert said. Earlier,
Nitin Gadkari on Sunday (24 April) dedicated to the nation 86 km of roads on National Highway no. 52 worth Rs 3,216 crore Union Road Transport and Highways Minister Nitin Gadkari on Sunday said an access-controlled expressway will be constructed between Aurangabad and Pune at a cost of Rs 10,000
Purus ut praesent facilisi dictumst sollicitudin cubilia ridiculus.