The Maharashtra government has introduced a slew of changes in the Slum Rehabilitation Authority (SRA), in an effort to control corruption and delays in project completion, which have plagued the authority since its inception. … READ FULL STORY
The Maharashtra government is set to implement a ‘Streets With Cycle Track’ policy in 10 districts of the state, on a pilot basis, to provide an alternate mode of transport to locals. The project … READ FULL STORY
The Maharashtra government, on July 25, 2017, informed that Reliance Industries Ltd (RIL) has defaulted on the payment of fine and additional surcharge of Rs 1,369.90 crores, over the delay in construction of a … READ FULL STORY
An inter-ministerial Central Sanctioning and Monitoring Committee (CSMC), chaired by Housing and Urban Affairs (HUA) secretary Durga Shanker Mishra, on July 24, 2017, approved a first-of-its-kind affordable housing project on private land, after detailed … READ FULL STORY
Infrastructure developments and large projects, such as industrial corridors or IT hubs, tend to augur well for the real estate market in the area. The Delhi-Mumbai industrial corridor (DMIC) announced by the government of … READ FULL STORY
The Malaysian government has evinced interest in developing the Mumbai-Nagpur Expressway, Maharashtra Public Works Department minister, Eknath Shinde said on July 17, 2017. A delegation from Malaysia called on Shinde and discussed the intricacies … READ FULL STORY
The commerce ministry has urged the Maharashtra government to resolve all issues concerning the Navi Mumbai special economic zone (SEZ) by the end of August 2017. The Board of Approval (BoA), chaired by commerce … READ FULL STORY
The Maharashtra government has decided to hand over 250.0635 hectares of forest land in Raigad district to the City and Industrial Development Corporation (CIDCO), for the development of the Navi Mumbai International Airport (NMIA). … READ FULL STORY
The Delhi Mumbai Industrial Corridor Development Corporation Limited (DMICDC), on June 29, 2017, said that the construction work in the Shendra-Bidkin node of the DMIC project near Aurangabad in central Maharashtra, is moving at … READ FULL STORY
Badlapur is a suburban city in the Thane district of Maharashtra. Like most towns and neighbourhoods of Mumbai and its surroundings, Badlapur is also divided into eastern and western halves. Located on the periphery … READ FULL STORY
Maharashtra chief minister Devendra Fadnavis, on June 12, 2017, reiterated that there will be no extension for registration of ongoing projects, beyond July 31, 2017, under the Real Estate Regulatory Authority. “As far as … READ FULL STORY
Now, that the GST rates for real estate have been declared, the question on everybody’s mind is how will this impact the sector. While the real impact of the GST, will only be seen … READ FULL STORY
The Indian real estate sector has been largely unregulated except for a few states like Maharashtra, Uttar Pradesh, Andhra Pradesh, Delhi and Karnataka. Any pro-consumer development was solely a result of judicial activism. This … READ FULL STORY
