Housing Societies in Mumbai
Around 200 members of the big housing societies and townships will have to cast vote through an option of secret ballot for electing new management for the committees. The new rules and regulations passed by the State Cooperative Election Authority (SCEA), says that there are approximately 40 percent housing societies in Mumbai region who have [...] Continue Reading »
Residents of housing societies in Mumbai are planning to stage a dharna and one day hunger strike at Azad Maidan to protest the new property tax system. The major concern of the residents lies with the ground realities which affects a property’s price, are not taken into consideration in the ready-reckoner rates. They claim it [...] Continue Reading »
Brihanmumbai Municipal Corporation (BMC) has now planned to seek suggestions and objections for wastewater recycling in the city. The bylaws of wastewater recycling which was made three years ago for new properties in Mumbai was not taken seriously then. Now, the civic body want to make the recycling process mandatory and plans to ask for [...] Continue Reading »
With the new property tax system in place, the Property Owners’ Association (POA) has called for a meeting, in which they asked the BMC to reconsider the new tax system. The new capital value-based property tax system has not gone well with the owners/landlords as it does not offer any cap for buildings that got [...] Continue Reading »
Kanakia Group has changed its focus from commercial projects to redevelopment of residential projects in Mumbai. Its promoters recently sold a stake in Cinemax India Ltd, a multiplex chain to PVR Ltd because the group is planning to focus on residential developments. Kanakia Spaces Pvt. Ltd, a Mumbai based developer is in talks for the [...] Continue Reading »
In 2008, conveyance deed was first introduced in the real estate market to protect the interest of home buyers. But this year, hardly 1,200 housing societies have applied for conveyance certificate out of 88,000 and only 700 of them got the deed. The Chief Minister Prithviraj Chavan in a recent meeting said that a statewide drive will [...] Continue Reading »
As a result of the Arunkumar Tikku and Karan Kakkar murder case, the housing societies in Mumbai are refusing to allot flats to the singletons and small TV artists. Many TV actors are getting notice from the apartment communities in Mumbai to get their parents or vacate the places. The real estate agents are also [...] Continue Reading »
Residents of cooperative housing societies in Mumbai have to think twice before parking their vehicles on road! The main motive is to lower down the number of mishaps caused due to vehicles having inflammable material in it. Vehicles which are parked outside and having inflammable material can pose a threat to the residents. As it [...] Continue Reading »
Insurance of buildings has been compulsory since 2001 under the state government byelaws, hardly any housing societies have taken the initiative. Title insurance ensures that the current owners are safe from past claims and title faults, and puts the property firmly in their possession, particularly in case of housing societies. Insurance can also protect against [...] Continue Reading »
