MCHI
On Tuesday, Gopal Raheja of GL Raheja Group died, who was among the first professional property developers in the country, patriarch of the 11,000-crore.The actual reason for his death is not known though he was 80 and was ailing for some time now. An active real estate developer since the 1960s, Gopal Raheja was mainly [...] 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legal opinion from the advocate general on the request made by seeking exemptions from ULC approvals since the law was repealed.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 »
With the rates of properties in Mumbai touching sky, Maharashtra Housing and Area Development Authority (MHADA) has come up with a scheme to provide low cost houses in the city limits of Mumbai. MHADA will team up with different builders in joint ventures to provide 40,000 low-cost houses through this model. These developments will be mostly in [...] Continue Reading »
With the introduction of Union Budget 2013, experts have claimed that the incentives will be of no use for home buyers in Mumbai. The real estate incentives are also claimed to create some problems with the buyers as the flats will cost more due to 1% tax on transfer of properties in Mumbai. To make things [...] Continue Reading »
Real estate in Navi Mumbai is getting affected as there has been internal fight among real estate developers, agents, owners, etc. Further, with the rising insecurities among developers, the sales are also going downtrend. One of the renowned developers is worried with the way real estate sector in Navi Mumbai is developing. The developers are [...] Continue Reading »
A good news for property buyers in Mumbai! Now, is the correct time to invest in properties in Mumbai as there will be a slight depreciation in prices as per the real estate experts. For the first time in 3-4 years, the average price of residential properties in Mumbai and the Mumbai Metropolitan Region (MMR) [...] Continue Reading »
In order to attract potential buyers, several builders and developers of prime cities have come up with a new marketing strategy by offering warranties on the flats based on various appliances in the flat. Electrical appliances get 1-3 years warranty, paint gets 5-7 years, waterproofing of flats get up to 10 years warranty period. A [...] Continue Reading »
The Maharashtra Chamber of Housing Industry (MCHI) has blamed state government for not keeping track of affordable housing stock in Mumbai. Also, MCHI in collaboration with Confederation of Real Estate Developers Association of India (Credai) had signed a deal to construct 5 lakh homes by April, 2010. Mumbai being the costliest city in India offers [...] Continue Reading »
Maharashtra Chamber of Housing Industry (MCHI) said that the state government is not helping the builders for constructing affordable housing. The government has not amended the constructing rule for the construction of affordable houses in Mumbai. The approval process is still taking long time which leads to increasing cost of construction. The government officials are [...] Continue Reading »
The members of Maharashtra Chamber of Housing Industry (MCHI) and Confederation of Real Estate Developers’ Association of India (Credai), have decided to go on a token strike and on May 3. This decision is taken to protest the lack of continuity in policies and inordinate delays in getting clearances for various projects. According to the [...] Continue Reading »
