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Mumbai Properties

“World One” will be world’s tallest residential tower

“World One” will be world’s tallest residential tower
World One will the world’s tallest residential tower to come up in Mumbai by the Lodha Group. The tower is coming up on the 17-acre Srinivas Mills compound. Of the 300 flats, eight apartments are dubbed World Mansions, which are nothing short of castles in air. These apartments will occupy the top eight levels of [...] Continue Reading »

Bombay High Court granted interim stay on Service Tax

Bombay High Court granted interim stay on Service Tax
The Bombay High Court has granted an interim stay on service tax levied by the Union Government on buildings under construction. The interim stay was granted by Justice V C Daga and Justice S J Kathawala, who admitted a petition filed by Maharashtra Chamber of Housing Industry (MCHI). The MCHI challenged the constitutional validity of [...] Continue Reading »

Builder fined 20 Lakh for a delay in giving possession

Builder fined 20 Lakh for a delay in giving possession
The Maharashtra State Consumer Commission recently directed a developer to shell out Rs 20 lakh at the rate of Rs 2,000 a day for a delay in giving possession of a shop premises to a purchaser. The purchaser Dharshi Dedhia was a tenant who a possessed a shop & godown in Rajhans building in Thane [...] Continue Reading »



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