In a first, finance minister Arun Jaitley, on February 1, 2018, announced the expansion of the Mumbai suburban train network, spread over 465 kms, at a cost of Rs 11,000 crores and said the … READ FULL STORY
Aggrieved home buyers in Maharashtra, may be able to look forward to an early and amicable resolution of their disputes with their developers, with Maharashtra becoming the first state in India to initiate the … READ FULL STORY
The next World Economic Forum (WEF) centre for the ‘Fourth Industrial Revolution’ is being proposed to be set up in Mumbai, Maharashtra chief minister Devendra Fadnavis said, on January 23, 2018. Fadnavis made the … READ FULL STORY
A Supreme Court bench of justices J Chelameswar and Sanjay Kishan Kaul, on January 5, 2018, defreezed three bank accounts of scam-tainted Adarsh Cooperative Housing Society and asked the society to deposit security of … READ FULL STORY
In a move that could pose a grave danger to Mumbai’s climate and ecology, up to 3,500 trees may be cut in the city’s Aarey forests, to pave the way for upcoming projects – … READ FULL STORY
Reliance Industries Ltd (RIL) owes ‘additional surcharge’ of more than Rs 1,900 crores to state-run agency MMRDA, for delay in development of plots in Mumbai, the Maharashtra assembly was informed, on December 12, 2017. … READ FULL STORY
Beyond the political overtones, the economics of the existing taxation structures, do not indicate a smooth transition, if the real estate sector were to be brought under the Goods and Services Tax (GST). There … READ FULL STORY
With the implementation of the Real Estate (Regulation and Development) Act (RERA), the residential real estate industry is witnessing significant changes. The Act strictly prohibits builders from advertising their under-construction projects, while allowing the … READ FULL STORY
The Supreme Court, on September 11, 2017, rejected Sahara chief Subrata Roy’s plea, seeking two more months to deposit Rs 966.80 crores of the remaining Rs 1,500 crores, saying he was trying to treat … READ FULL STORY
Maharashtra chief minister Devendra Fadnavis, on September 9, 2017, exhorted that “For the development of cities, we need good plans, utilisation of new technology and transparency in their administration.” Fadnavis was speaking, after inaugurating … READ FULL STORY
Hundreds of residential projects, promised to be handed over to home buyers this year, have suddenly witnessed a leap in delivery timelines in the wake of the Real Estate (Regulation and Development) Act (RERA), … READ FULL STORY
Mumbai and Navi Mumbai figure in the list of the most-polluted cities and the state government intends to make Maharashtra pollution-free by 2022, by adopting various pollution control measures, minister of state for environment, … READ FULL STORY
A Supreme Court bench of justices Dipak Misra, Ranjan Gogoi and AK Sikri, on August 10, 2017, dismissed Sahara chief Subrata Roy’s plea, to put on hold the auction process of the group’s Aamby … READ FULL STORY
