City-based consumer body Mumbai Grakah Panchayat (MGP) has filed a complaint with the MahaRERA, seeking to penalise Navi Mumbai’s planning agency, the City and Industrial Development Corporation (CIDCO), for advertising 11 housing projects without … READ FULL STORY
Navi Mumbai International Airport’s executive chairman, GVK Reddy, announced that the GVK Group had achieved financial closure for the construction of the first phase of the airport, on schedule. “This will now enable us … READ FULL STORY
The Maharashtra chief minister Devendra Fadnavis-led Urban Development Department, helped a private builder to ‘illegally acquire’ 24 acres of notified land at Kharghar, in Navi Mumbai, in the name of compensating a group of … READ FULL STORY
The government has started discussions, for the sale of Air India’s iconic building in Mumbai to the country’s biggest container port JNPT, as part of its efforts to raise funds for the cash-strapped national … READ FULL STORY
The Bombay High Court, on June 7, 2018, issued notices to the City and Industrial Development Corporation (CIDCO) and civic authorities in Navi Mumbai, in response to a public interest litigation alleging that the … READ FULL STORY
With many corporate and large business houses now looking towards emerging locations in Mumbai to set up their offices, such locations offer a great opportunity for buying homes, as well. “Over the past decade, … READ FULL STORY
A separate office for cooperative housing societies will be set up, to expedite issues related to registration, deemed conveyance, redevelopment, land ownership and the like, Maharashtra’s cooperation minister, Subhash Deshmukh announced on April 9, … READ FULL STORY
Maharashtra’s minister of state for urban development, Ranjit Patil, on March 28, 2018, informed the legislative council that a proposal for uniform development control rules (DCR) for eight municipal corporations under the Mumbai Metropolitan … READ FULL STORY
Britain-based Zaha Hadid Architects (ZHA), has bagged the contract from Navi Mumbai International Airport Limited (NMIAL), after a 12-week design competition, to design the new airport’s Terminal 1 and air traffic control (ATC) tower. … READ FULL STORY
Maharashtra’s finance minister Sudhir Mungantiwar, on March 9, 2018, presented the budget for 2018-19, which has an estimated revenue deficit of Rs 15,374 crores and focuses on improving infrastructure. While he made a provision … READ FULL STORY
In real estate lexicon, market drivers are developments in an area that increase the value of living there. It is a well-established fact that infrastructure is by far, the most important driver for real … READ FULL STORY
Prime minister Narendra Modi, on February 18, 2018, dedicated the first phase of the Rs 7,900-crore fourth terminal project of the Jawaharlal Nehru Port Trust (JNPT) to the nation, which will raise the cargo … READ FULL STORY
Ketan Sawant Senior PR professional, Mumbai There have been remarkable changes in the real estate sector, since 2017. The implementation of the Real Estate (Regulation and Development) Act (RERA), has enhanced transparency, accountability and … READ FULL STORY
