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
The Maharashtra government is keen on reducing the no-development zone limit in the Coastal Regulation Zone (CRZ) area, to 200 metres from the coastline, against the existing 500 metres, it said on December 21, … 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
The Maharashtra government, on December 4, 2017, accorded administrative approval to the Versova-Bandra Sea Link (VBSL) project, eight years after the State Cabinet Committee on Infrastructure (SCCI) cleared it. In a government resolution (GR), … READ FULL STORY
The Maharashtra cabinet, on November 28, 2017, approved a proposal to scrap the existing Maharashtra Elevators Act, 1939 and bring a new law, which will also regulate escalators and moving walkways. The legislation, expected … READ FULL STORY
In a meeting chaired by Chief Minister Devendra Fadnavis, to discuss issues related to the Slum Rehabilitation Authority (SRA), the Maharashtra government has decided to examine whether the area of flats can be increased … READ FULL STORY
With large infrastructure projects worth trillions underway in the state, Maharashtra is looking at revamping its funding model, so that bankers funding such projects will be covered by the government, a senior state official … READ FULL STORY
Various works, to the tune of Rs 700 crores, were approved on October 31, 2017, by the board of directors constituted for the Thane Smart City Project. The works were approved in a meeting … 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
The Maharashtra government, on October 24, 2017, approved the selection of the GVK-led Mumbai International Airports Ltd (MIAL) for developing the Navi Mumbai International Airport, on a public-private partnership basis. The decision was taken … READ FULL STORY
The Maharashtra cabinet, chaired by chief minister Devendra Fadnavis, on October 24, 2017, approved the proposal to establish Nagpur-Mumbai Super Communication Expressway Limited, a special purpose vehicle (SPV), which will work as a secondary … READ FULL STORY
From November 1, 2017, government-owned properties in Maharashtra will be rented out through online service, which will essentially save time of the authorities. A Government Resolution (GR) issued on October 18, 2017, stated that … 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
