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 […]

MHADA to redevelop Thane police colony, build 1,000 homes, Real Estate News, ET RealEstate

MUMBAI: Maharashtra government on Tuesday cleared a long-pending proposal to redevelop dilapidated police colony at Vartak Nagar in Thane, and task MHADA to redevelop these 47-year-old buildings, and construct 1000 homes, some of which will be sold by MHADA in its lottery. The decision was taken at a meeting chaired by state Housing Minister Jitendra […]

Maharashtra allows MHADA to take over buildings not redeveloped in time, Real Estate News, ET RealEstate

MUMBAI: The state Assembly on Tuesday passed a bill amending the Maharashtra Housing and Area Development Authority (MHADA) Act, 1976, which empowers the authority to forcibly take over more than 14,000 cessed buildings in the city if owners and housing societies fail to redevelop them within a year of notification. The MHADA Act Amendment Bill […]

Dharavi residents to intensify protest as govt plans fresh bids for redevelopment, Real Estate News, ET RealEstate

MUMBAI: Dharavi residents have decided to intensify their agitation following the state government’s plan to invite fresh bids for the redevelopment of the Asia’s largest slum. The core team of the Dharavi Redevelopment Committee, a federation of 52 associations of residents, has already taken a decision to approach the court against the government’s stand, its […]

Ready apartments likely to see more traction in Maharashtra post stamp duty cut, Real Estate News, ET RealEstate

MUMBAI: The reduction in stamp duty charges in Maharashtra for a limited period until March end is expected to push sale of ready-to-move-in apartments in key markets of the state as that would also offer the benefit of exemption from the Goods & Services Tax (GST). On Wednesday, the state government reduced the stamp duty […]

Despite MahaRERA directions, Virar flat owners left in the lurch by developer, Real Estate News, ET RealEstate

File photo MUMBAI: A group of home buyers from Bhoomi Acropolis project in Virar West are complaining that despite accepting possession on MahaRERA directions in March 2019, more than a year later, developer Bhoomi Arcade Associates have not provided them basic amenities like proper electricity meters, potable water connections, and formation of their society. Acropolis […]

About 65,000 housing societies’ polls pushed to March 2021, Real Estate News, ET RealEstate

MUMBAI: The existing management committees of the housing societies, that are already enjoying extensions since a couple of years in the absence of election rules and the subsequent Covid-19 pandemic, will govern society affairs at least till March 2021. A state government ordinance issued recently has given six-months period to constitute the new committee after […]

Process on to evacuate residents from ‘dangerous’ buildings in Thane, Real Estate News, ET RealEstate

THANE: Residents of all buildings classified as ‘very dangerous’ in Maharashtra‘s Thane city are being evacuated in view of the current monsoon season and the process would be completed in a couple of days, civic commissioner Vipin Sharma said on Sunday. As many as 79 buildings in the city are under the C1 category (which […]

Society converts two bungalows into Covid-19 care centres, Real Estate News, ET RealEstate

AURANGABAD: Amid the coronavirus crisis, a housing society in Maharashtra‘s Aurangabad city has converted its two empty bungalows into COVID care centres for asymptomatic patients with the help of its own funds. The idea is to facilitate asymptomatic patients from the housing society stay near their homes and family members and remain stress-free while undergoing […]

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