Maharashtra
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 »
Grover Zampa, the second largest wine manufacturer in the country, plans to invest about Rs 100 crore to set up a premium hotel. The company will build a 100-room five-star hotel in Nashik, Maharashtra, CEO Sumedh Singh Mandla said. A few international hospitality chains have already evinced interest in operating the hotel, he added. Another [...] Continue Reading »
Maharashtra is all set to become the first state to have a regulator for the housing sector. It has put up a draft of the Maharashtra Housing (Regulation and Development) Rules for public comment till October 10. The tech savvy body wants to hear from the consumers what they have in their mind. After Oct 10, [...] Continue Reading »
We thought that developers only cheat hapless citizens. However an FIR has been registered against 14 businessmen and establishments, including KM Goenka, Vinod Goenka and Shahid Balwa, for allegedly cheating and misleading the Maharashtra Government. The names of the 14 accused who figure in the FIR are Mukund Bhavan Trust, Mukunddas Murlidhar Lohiya (both from [...] Continue Reading »
The very few remaining pockets of the wetlands, creeks and mangroves in the Mumbai Metropolitan Region, which are home to a large number of threatened bird species, have been facing destruction problems from the unplanned developmental activities. The wetland is facing destruction which is in turn hampering the natural habitat of several bird species. In [...] Continue Reading »
Mumbai based developers Lodha Developers Pvt. Ltd, is building the world’s tallest residential tower. The company is building the 117-storey World One residential tower, which it says will be the world’s tallest at 423 metres. This tower is located in central Mumbai’s Lower Parel district near the offices of Morgan Stanley and KKR & Co. [...] Continue Reading »
Now that the government of Maharashtra has already given up its proposal to the Central in order to establish a coastal road which goes up to 35 kilometres, the people of Mumbai can finally anticipate a ride that is green and free from pollution as they travel along the western coast. This road is located [...] Continue Reading »
There is a growing interest amongst citizens of Mumbai to know more about the place they live in, they want the building details, plans, dealings of land and property, and civic issue information too. It is mostly that civic and property issues are searched for using the arm of the Right to Information act, and [...] Continue Reading »
Two Maharashtra road projects with a combined cost of about Rs.4,500 crore may be cancelled by L&T as they have turned ‘financially unviable’. The company has also communicated this with L&T. NHAI has directed the company to wait till the polls are over. The projects involve widening of 485 km of carriageway on two highways: [...] Continue Reading »
Speaking recently at a workshop organized by Confederation of Real Estate Developers Associations of India (Credai) – National for builders in Pune, Satish Magar, vice-president of the agency said that The Maharashtra Regulatory & Development Act (MHRDA), 2012, is committed to bring more transparency and accountability, thus, helping both builders and property buyers. Magar said [...] Continue Reading »
