Mumbai
NASHIK: MahaRERA will now permit particularly skillful labor at construction sites to assure quality construction and further restrict accidents. The laborers also hold to advantage from insurance coverage for their family affiliates. The MahaRERA has previously begun incorporating laborers organizations on its locality and also assuring the workers do not miss their payments for the day. “Providing [...] Continue Reading »
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has expended crores of rupees to train specialists in the construction sector. They have even furnished the names, email addresses, contact numbers, home addresses and pictures of the specialists on their website, and have requested developers to take the help of these specialists to train their unskilled labors. [...] Continue Reading »
State Bank of India (SBI) and Finance Ministry (MoF) are exploring for a legal frame where the suggested Alternative Investment Fund (AIF) for strengthening delayed housing projects will have the first charge on assets and cash flow of companies getting funding. That will finance 1,600 delayed housing projects carrying 4,58,000 housing units across the country. [...] Continue Reading »
MUMBAI: The Supreme Court has addressed the central environment ministry to acknowledge a regularization statement registered by Adarsh Cooperative Housing Society in Mumbai following the most advanced 2018 announcement that agreements with installations in coastal zone regulation (CRZ) regions. The applications registered by the society against the April 2016 order of annihilation relinquished by the Bombay [...] Continue Reading »
The Maharashtra Housing and Area Development Authority (MHADA) has lost a nearly 20-year-old battle to acquire 11,515 square feet in Mumbai’s Suraj Apartment. A 38-story pencil-like tall building at Breach Candy, in South Mumbai. MHADA had held up claim to the area on the basis of the extra Floor Space Index (FSI) allegedly used by [...] Continue Reading »
Mumbai Metropolitan Region (MMR) is the 2nd largest city in terms of stuck housing projects with 92,000 housing units, while NCR (National Capital Region) has 1.76 lakh housing units stuck. Experts assume that the maximum commitment through the government’s Rs 25,000-crore aid can be reached in this region. The city has the capacity to attract [...] Continue Reading »
A day after declaring Rs 25,000 crore Alternative Investment Fund (AIF) for stalled housing projects by FM Nirmala Sitharaman, has made it clear that residential housing projects facing litigation in High and Supreme Court will not be cover under this funding plan. At the same time, the government suggested homebuyers to interact with lenders for [...] Continue Reading »
Providing relief to lakhs of homebuyers, FM Nirmala Sitharaman announced an alternative investment fund of Rs 25 crore to help the real estate sector for 1,600 stalled housing projects covering 4.58 lakh units. Government’s aim to give incentive to the real estate market to improve. The decision was approved by the Union Cabinet at a [...] Continue Reading »
Depressed with builders, the regulators are possible to seek more power under the law to enable them to attach unsold inventories of builders to make them come in line and find directions to finish projects. RERA Authorities from across states have come together in Lucknow and push for revisions in the Real Estate Regulation and [...] Continue Reading »
Mumbai-based Godrej Group launched Godrej The Trees in Vikhroli East, Mumbai. The project is spread across over 35 acres and carefully choreographs a robust program of residential, retail, hotel, and commercial uses. Each Residential tower offers unique views while the landscape connects the entire cluster through a series of courts programmed with generous amenities at [...] Continue Reading »
