Maharashtra
In the first two months of this year across various business segments, L&T Construction has received an order worth Rs 5,220 crore. S N Subrahmanyan, Senior Executive Vice President (Infrastructure and Construction), L&T said in his speech, “It has been a productive beginning to the New Year and these orders reaffirm our leadership position in [...] Continue Reading »
Maharashtra, Congress-NCP government has already gone into the election mode. On Friday the traditional vote bank, the government will bring in bill, in a serious bid to despair slum dwellers with a proposal to regularize nearly 400,000 illegal slums in Mumbai and rest of Maharashtra. The government proposes to extend the earlier cut off date [...] Continue Reading »
The state government has asked for a legal opinion whether a review petition against the recent Supreme Court order of removing the “private forest” tag attached to huge swathes of land across the state, should be filed. The ruling has brought relief to at least five lakh residents and builders linked to hundreds of acres [...] Continue Reading »
It has been learnt that the real estate development business of the Mahindra Group, Mahindra Lifespace Developers, has bought a 12-acre land parcel for Rs 472 crore in Gurgaon from the private equity fund Ireo. Responding to a query, Mumbai based Mahindra Lifespace Developers said, “The project is to be developed by the joint venture [...] Continue Reading »
Ready reckoner (RR) rates, which are used to calculate market value of properties for payment of stamp duty and registration charges, must be reviewed by the state government to most recent. Undoubtedly, stamp duty collection is one of the biggest money spinners for the Maharashtra government. But for the people who want to buy or sell flats [...] Continue Reading »
The Maharashtra government plans to close down around 22 toll collection booths, in addition to about 65 which had already been shut. Roads constructed with expenditure below Rs 10 crore are expected to be toll free soon. The move is an attempt to escalation of confrontation with opposition parties, especially the Maharashtra Navnirman Sena (MNS). [...] Continue Reading »
Developers hoping to get relief from the restrictions of Urban Land Ceiling Act by the Maharashtra state government will have to wait. The state government has sought legal opinion from the advocate general on the request made by seeking exemptions from ULC approvals since the law was repealed. The Maharashtra Chamber of Housing Industry (MCHI), body of [...] Continue Reading »
Housing and Urban Development Corporation is coming up with a new housing scheme, where low rank government employees can own a house for themselves. The state authority is in negotiation with the government agencies in Andhra Pradesh, Maharashtra, Punjab and Karnataka for its new Rent-to-Own scheme. Before the scheme is launched, a government agency will [...] Continue Reading »
New Delhi: As the Land Acquisition bill is waiting for the finalisation, there has been a sudden upswing in the number of land deals across few states, said the rural development minister, Mr. Jairam Ramesh. The minister said that a significant rise has been observed in land deals in Maharashtra, West Bengal, Andhra Pradesh and [...] Continue Reading »
Maharashtra government has finally implemented the long pending property registration rules to protect property buyers against frauds. These rules will be public from 1st of April 2013. The state has approved the rules after three years the state legislature approved landmark amendments. The main motive is to stop the fraudsters from selling the same property [...] Continue Reading »
