Mumbai’s SRA Projects Reshape Real Estate Landscape, Attracting Major Developers
An important part of Mumbai’s real estate development story is the city’s ambitious Slum Rehabilitation Authority (SRA) initiatives. These projects are tackling the severe housing crisis in India’s financial centre and changing the urban landscape with unprecedented numbers of new and renovated residences. Due to this momentum, SRA developments are now positioned as a key […]
Developers, Including Lodha And K Raheja, Seek To Deregister 19 Projects
Real estate developers in Maharashtra, including Lodha Group, K Raheja Corp, Puranik, and Lokhandwala Infrastructure, have applied for the deregistration of up to 19 projects in cities like Mumbai, Thane, Pune, Nashik, and Nagpur. Out of the 19 real estate projects, three are up for deregistration by Lodha Group or Macrotech Developers and Palava Dwellers […]
Mumbai Real Estate: Big Developers Transform Slum-Bay into Luxe-Bay
Piramal Mahalaxmi is a high-end housing project that features luxurious apartments with panoramic views of the Mahalaxmi racecourse and the Arabian Sea. The 2, 3, and 4 BHK flats in three towers promise a “lifestyle filled with luxury, comfort, and extravagance”. Piramal Mahalaxmi is also Mumbai’s tallest slum redevelopment project, managed by the state’s Slum […]
Mumbai: 14-Year-Old Complaint Against Developers Over Redevelopment Breach Accepted by Consumer Commission Despite Delay
An important step forward has been taken: after a 14-year delay, the Suburban Mumbai District Consumer Dispute Redressal Commission has decided to accept a complaint against developers Shabir Shaikh and Ravikant Mishra. A Malad resident named Maria D’Silva filed the lawsuit, alleging that the developers in a 2010 reconstruction project had broken their contract. The […]
Developers to Pay More than Rs.700 Crore Rent to SRA for Slum Dwellers
More than Rs 700 crore in rent was gathered from developers by the Slum Rehabilitation Authority (SRA) to be given to the residents of slums that were chosen for reconstruction between August 2023 and July 2024. According to SRA authorities, the funds were obtained for 192 slum rehabilitation projects and will be paid as rent […]
Ghatkopar Real Estate Scam; 4 developers charged with defrauding of Rs 3.91 crores
The Ghatkopar police have filed charges against Devang, Jaysinh, Maulik, and Nitin Punjala Dave, designated partners of Punjalal G Dave Realtors LLP, for allegedly defrauding a senior citizen of Rs 3.91 crores. The complainant, Sanjay Dhawan (63), a resident of Vidyavihar, reported to the police that his late father, Janakraj Dhawan, had owned two flats […]
Mumbai Metropolitan Region to See Increase in RERA-Certified Estate Agents
With the third batch of real estate agents preparing for the online examination conducted by the Maharashtra Real Estate Regulatory Authority (MahaRERA) on November 22, the Mumbai metropolitan region is set to welcome a steady stream of MahaRERA-certified agents. A total of 5,592 candidates have completed the required preliminary training, making them eligible for the […]
Government’s Third Mumbai Proposal Faces Resistance from Farmers and Developers
The Mumbai Metropolitan Region Development Authority (MMRDA) is awaiting approval for its ambitious plan to create a third Mumbai under the New Town Development Authority (NTDA) beyond the Nhava-Shivadi Sea Link (MTHL) in Raigad district. This proposal involves acquiring land from 124 villages to develop the area similarly to CIDCO. However, the plan has met […]
Developers in Maharashtra will not be permitted to deposit buyers’ money into separate accounts as of July 1
As on July 1, developers in Maharashtra will have to keep specific bank accounts open for payments from buyers, citing a directive from the Maharashtra Real Estate Regulatory Authority (MahaRERA). The goals of this policy are to safeguard the investments of homeowners and improve financial discipline and openness. Developers used to be able to request […]
10 Considerations for Homeowners in Housing Societies Planning Building Redevelopment
In Mumbai’s real estate market, the redevelopment of old housing society buildings has gained significant momentum in recent years. This surge follows the Maharashtra government’s post-Covid-19 waivers for developers, aimed at revitalising the sector. Data from real estate consultancy firm Knight Frank India indicates that redevelopment projects account for approximately 10% to 20% of the […]