Conveyance deed drive in Maharashtra now till January 31, Real Estate News, ET RealEstate

PUNE: The state cooperation department issued a fresh circular on Friday extending the deemed conveyance drive till January 31. The drive entails the cooperation department to conduct surveys of societies that do not have the conveyance deed. Earlier, the deadline of the state government’s initiative of allowing the cooperative housing societies to apply for deemed […]

Dharma Productions’ CEO buys Rs 24.60 crore apartment in Mumbai, Real Estate News, ET RealEstate

MUMBAI: Apoorva Mehta, Chief Executive Officer of Karan Johar’s Dharma Productions has bought a 2,691 sq ft sea-view luxury apartment in a marquee tower in Khar locality of Mumbai for Rs 24.60 crore. The deal valued at over Rs 94,400 per sq ft is one of the priciest transactions in the Bandra to Juhu belt […]

Property registrations at all-time high in December, Real Estate News, ET RealEstate

Property registrations in Mumbai, the country’s biggest real estate market, have broken all records as the unprecedented rush among the homebuyers continued in the backdrop of all-time low home loan rates, attractive price discounts and reduction in stamp duty charges. Registration of residential sales in the country’s financial capital rose 192% from a year ago […]

Special drive for housing societies to get deemed conveyance, Real Estate News, ET RealEstate

MUMBAI: The cooperatives commissioner is initiating a 15-day drive to enable housing societies obtain deemed conveyance. The letter issued to all deputy registrars across the state admits that since the scheme was launched, very few societies have obtained deemed conveyance. The drive will be held from January 1 to 15. Housing societies that wish to […]

Online registration process for MHADA houses in Pune division launched, Real Estate News, ET RealEstate

MUMBAI: Maharashtra Deputy Chief Minister Ajit Pawar on Thursday launched the process of online application registration for the MHADA‘s 5,647 houses in Pune division. These residences will be built in Pune, Kolhapur, Sangli and Solapur, an official statement said. “The work of providing houses to common people at affordable prices through the Maharashtra Housing and […]

Houses for poor under PMAY get 52% price hike in Vasai-Virar, Real Estate News, ET RealEstate

MUMBAI: Despite reservations from pricing committee, a low cost housing project in Vasai Virar Municipal Corporation has got 52 per cent price hike by the state government. Under the Prime Minister Awas Yojana (PMAY), 44,276 houses proposed at Rajawali village are meant for the economically weaker section whose price has been increased from Rs 14 […]

Housing societies can decide on use of sinking fund, Real Estate News, ET RealEstate

MUMBAI: Housing society members need not approach cooperatives department for permission to use the sinking fund for other purposes, like repairs and painting. Cooperatives sector experts said as per a model bylaw of 2014, even if the general body decides on using it by defining its purpose, there is no need for the society to […]

Work to construct transit homes for BDD chawl residents begins in Worli, Real Estate News, ET RealEstate

File photo MUMBAI: Work has started on construction of transit buildings at Worli for BDD Chawl residents, kickstarting one of the city’s largest redevelopment projects in central Mumbai. These are being constructed on open spaces within the BDD chawl complex. “The proposal is to construct three transit buildings. About a month ago, work started on […]

Maharashtra government to build 8.82 lakh houses under Maha Awas Yojana, Real Estate News, ET RealEstate

MUMBAI: Maharashtra Chief Minister Uddhav Thackeray has launched a new rural housing project named “Maha Awas Yojana,” under which 8.82 lakh rural houses will be built in 100 days period. Maharashtra’s Rural Development department will undertake this project, which will include toilets and other necessary amenities. Currently, the cost of the project has been estimated […]

Waqf property’s rent raised 100-fold in South Mumbai, Real Estate News, ET RealEstate

MUMBAI: The state minorities welfare department is increasing the rents for waqf properties that have been given out to public and private establishments at nominal rates. The revenue generated would be used for the education of minority students. This is the first rent revision since formulation of the Waqf Properties Lease Rules in 2014. The […]

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