Civic body to restore property tax on sub-500 sq ft housing units, Real Estate News, ET RealEstate

MUMBAI: Dwelling units in Mumbai of less than 500 sq feet will soon attract higher property tax than in the previous year. “It was a mistake,” said municipal commissioner Iqbal Chahal about the previous year’s assessment. “The state legislature while amending the BMC Act had allowed the waiver of only general tax. Instead of waiving […]

Ajoy Mehta buys Nariman Point flat for Rs 5.3 cr, Real Estate News, ET RealEstate

BY: Varun SinghMUMBAI: Former municipal commissioner Ajoy Mehta, who was also the chief secretary of the state, has recently bought a flat in Nariman Point for Rs 5.3 crore. Mehta is currently the chief advisor to Chief Minister Uddhav Thackeray. The flat that Mehta bought is located on the 5th floor of Samata Co-operative Housing […]

Housing society chairman who failed to audit his old building acquitted, Real Estate News, ET RealEstate

MUMBAI: A magistrate court recently acquitted the chairman of a Ghatkopar (W) housing society two years after he was booked for failing to get a structural audit done on the old and reportedly dilapidated building despite a BMC notice. The court held that without making the legal entity, the housing society, an accused, only the […]

BMC terminates 999-year lease of Kalbadevi property, Real Estate News, ET RealEstate

MUMBAI: In a first in the history of BMC‘s property leases, the civic administration has terminated a 999-year lease of the nearly century-old Pandya Mansion on Bomanji Master Lane near Kalbadevi post office. BMC took possession of the Rs 200-crore property from the lessees, Prakash and Manoj Pandya, after they were charged with carrying out […]

GTB colony residents refuse to move out of ‘dangerous’ premises; BMC says it plans to demolish the buildings, Real Estate News, ET RealEstate

MUMBAI: The BMC has issued notices to residents of Punjabi Colony in GTB Nagar asking them to move out immediately as the buildings are in dangerous condition and need to be demolished. But many residents are refusing to leave as they don’t have alternate accommodation and cannot afford to pay rent. The BMC has cut […]

Bombay HC tells MMRDA to stop road work on housing society plot, Real Estate News, ET RealEstate

MUMBAI: Bombay high court on Tuesday directed MMRDA to “forthwith stop work of road-widening on a plot owned by a housing society” in Kurla (W) after it alleged that the authority took possession of 700 sq metres in a “high-handed manner’’. The work is for an elevated road corridor from Kurla to Vakola on Santacruz-Chembur […]

624 tenants of BMC colony at Vikhroli to get ownership flats, Real Estate News, ET RealEstate

MUMBAI: The 624 tenants of BMC colony at Vikhroli Parksite were officially informed on Saturday evening they would get a 405 sq ft ownership flat. This is the first redevelopment of an old and dilapidated building in the suburb under section 33(7)(A) of Development Control Regulations. It will ensure that the BMC gets 3,000 flats […]

Mumbai mayor, Real Estate News, ET RealEstate

MUMBAI: Mayor Kishori Pednekar directed ward officials to issue notices twice a month to buildings identified as old and dilapidated by BMC. Pednekar on Monday held a review meeting following recent house collapses, including Mishra building in Nagpada. Pednekar told officials to cut off electricity and water supply to buildings where lives of residents are […]

450 owners kept out of Mulund SRA flats ready since March; beneficiaries say rent not paid in 7 months, Real Estate News, ET RealEstate

File photo MUMBAI: From finding their newly-constructed Slum Rehabilitation Authority (SRA) flats in Mulund turned into shelters for stranded migrant labourers and then into a quarantine centre for high-risk contacts of Covid-19 patients, 450 families have been left to fend for themselves for the past four months. The families have accused the builder of skipping […]

Unoccupied for 27 years, Tardeo tower to be razed, Real Estate News, ET RealEstate

File photo MUMBAi: An 11-storey Tardeo building that has been “95% complete” for 27 years will be demolished ultimately. The structure has been at the centre of a court battle between the builder, who wanted to demolish it on the grounds that its condition had deteriorated, and flat buyers who were opposing it. Seven months […]

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