After 10-year wait, SRA gets moving on rehabilitation of Badhwar Park slums, Real Estate News, ET RealEstate

MUMBAI: More than 10 years after it tabled the proposal, the Slum Rehabilitation Authority (SRA) recently issued a letter of intent (LoI) for the redevelopment of the three sea-facing slum pockets opposite Cuffe Parade’s Badhwar Park where the 26/11 terrorists, including Ajmal Kasab, had landed. This will be one of the city’s costliest SRA schemes […]

Enam AMC’s co-founder Jiten Doshi buys two South Mumbai flats for Rs 61 crore, Real Estate News, ET RealEstate

Enam Asset Management Company’s cofounder, Jiten Doshi, has bought two luxury duplex apartments in a marquee project on South Mumbai’s Peddar Road by paying Rs 1.67 lakh per sq ft, totalling Rs 61 crore. The transaction for these apartments, spread over a total of 3,657 sq ft, ranks among the most expensive residential property deals […]

hBits to raise Rs 44 crore from investors interested in buying 38,000 sq ft in Mumbai, Real Estate News, ET RealEstate

NEW DELHI: Realty firm hBits, which facilitates fractional ownership of commercial properties, plans to raise Rs 44 crore from individual investors looking to acquire 38,000 sq ft area in Mumbai jointly. The concept of fractional ownership is gaining momentum in the office market because of better rental yields. hBits said it has signed up two […]

Maharashtra court, Real Estate News, ET RealEstate

MUMBAI: The Maharashtra state cooperative appellate court has said a tenant or a leave and licence holder has the right to park their car in the space allotted to a member on the society premises. It has “temporarily restrained” a cooperative housing society at Nepeansea Road from preventing a flat owner from allowing a person […]

Kalpataru to invest Rs 300 crore to develop residential project in Mumbai, Real Estate News, ET RealEstate

NEW DELHI: Kalpataru will invest Rs 300 crore to develop a residential project-Kalpataru Park Riviera at Panvel, Mumbai, the company said in a media release The project, spread over 2.4 acres, will comprise of over 400 apartment units across 2BHK and 3BHK configurations and will be developed in two phases. In the first phase, 171 […]

BDD tenants go from 150 sq ft to 500 sq ft, Real Estate News, ET RealEstate

File photo MUMBAI: The long-awaited redevelopment of the city’s BDD chawls finally got off the ground on Thursday. State housing board Mhada conducted a lottery to allot apartments to eligible tenants of the old, dilapidated structures in Lower Parel. Construction of the buildings is yet to begin though. The entire project constitutes the largest resettlement […]

CIDCO to auction 106 plots in Navi Mumbai for residential development, Real Estate News, ET RealEstate

MUMBAI: The government of Maharashtra’s city planning authority the City and Industrial Development Corporation (CIDCO) is auctioning a total 106 plots in Navi Mumbai’s Kharghar, New Panvel, Nerul, Ghansoli and Airoli locality. These plots ranging from 39 sq meter to 436 sq meter will be offered on a long-term lease of 60 years. Any entity […]

First batch of BDD Chawl tenants to get homes in Mhada lottery today, Real Estate News, ET RealEstate

MUMBAI: The long awaited rehabilitation of the residents of the city’s BDD Chawl complexes finally gets off the ground on Thursday. State housing board Mhada (Maharashtra Housing and Area Development Authority) will conduct a computer lottery this afternoon for tenants residing in the BDD chawls at NM Joshi Marg, Lower Parel. This draw constitutes the […]

Residents protest navy’s restrictions on building heights, Real Estate News, ET RealEstate

MUMBAI: Residents of Rajawadi area and Cama Lane in Ghatkopar will hold a protest at the naval stores depot at Ghatkopar West on Sunday morning, which has put height restrictions on the new projects. Naresh Palande, a resident of Ghatkopar East, said, “I am told that more than 177 redevelopment projects are stuck. In our […]

30 flat buyers face eviction in Mhada and builder’s dues row, Real Estate News, ET RealEstate

MUMBAI: Thirty flat buyers face eviction from their new homes while another 50 await possession of their flats as Mhada and developer Rajan Shirodkar slug it out over dues to be paid to the housing authority. Shirodkar, also a member of Maharashtra Navnirman Sena, has blamed Mhada’s delay in granting permissions as the reason for […]

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