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The Maharashtra government has announced plans to build a "Third Mumbai," which will be led by the Mumbai Metropolitan Region Development Authority (MMRDA). This city will be built by the New Town Development Authority (NTDA) in the Raigad area, past the Mumbai Trans Harbour Link (MTHL) ...
- 20th Oct 2024
- 1180 Views
The Maharashtra government is preparing to modify stamp duty laws, affecting real estate and business. This document details the proposed modifications and their predicted effects.
- 4th Oct 2024
- 1200 Views
The highly anticipated Mumbai Metro Aqua Line 3, also known as the Colaba-Bandra-SEEPZ Metro, is set to revolutionize intra-city connectivity. The Maharashtra Government has cleared all financial hurdles, ensuring the project moves forward with renewed momentum.
- 26th Sep 2024
- 1196 Views
Gautam Adani, chairman of the Adani Group, said the Dharavi rehabilitation project is more than urban regeneration; it will change the lives of nearly one million people in one of the world's greatest slums. Adani said at Mumbai's Jai Hind College that the project would restore Dharavi's dignity.
- 6th Sep 2024
- 1192 Views
The long-anticipated Dharavi Redevelopment Project, covering nearly 600 acres in Mumbai’s core, is expected to commence construction within the next 6-8 months, according to SVR Srinivas, CEO of the Dharavi Redevelopment Project (DRP) and the Slum Rehabilitation Authority of Maharashtra.
- 31st Aug 2024
- 1177 Views
The Bombay High Court held that the state deserves a fair return on its land in a landmark decision. Justices B P Colabawalla and Somasekhar Sundaresan stressed that leasing rates need not be cheap if they fail to cover inflation, administration fees, and escalation.
- 14th Jul 2024
- 1223 Views
Maharashtra buys the famous Air India building at Nariman Point, Mumbai, for INR 1,601 crore. New state development and strategic planning begin with this historic purchase.
- 15th Mar 2024
- 1368 Views
In a recent meeting, the Maharashtra state cabinet approved a significant legal reform to accelerate the rebuilding of ageing cooperative society structures. This move allows eviction of minority residents who block majority-approved redevelopment plans.
- 10th Jan 2024
- 1349 Views
In a cabinet meeting on November 23, Chief Minister Eknath Shinde and Deputy Chief Minister Devendra Fadnavis announced the Maharashtra Mudrank Shulk Abhay Yojana 2023, a stamp duty amnesty programme.
- 30th Nov 2023
- 1848 Views
After paying 1,601 crore for the 22-floored Air India Building in Nariman Point, which has transformed Mumbai's reclaimed southern tip into one of Asia's largest and most expensive financial districts, several Maharashtra government departments will move in.
- 9th Nov 2023
- 1355 Views
In a bold initiative to demonstrate openness and regulatory supervision, MahaRERA deregistered seven key projects throughout the state. Developers recognise budgetary restrictions and lacklustre reception to their offers.
- 22nd Oct 2023
- 1343 Views
Mumbai realtors, under CREDAI-MCHI, have petitioned the Maharashtra government for policy changes to lower rising property prices, which are hurting the city's economy.
- 29th Sep 2023
- 1326 Views
The Maharashtra and national governments are leading India's biggest low-cost housing project to address urban housing issues.
- 19th Sep 2023
- 1618 Views
All essential permissions will be given within three months using a single-window certification system, and these projects will be completed by self-regulation procedures.
- 23rd Jun 2023
- 1390 Views
For its cluster development initiative in Mumbai, the Maharashtra government has given a one-year premium waiver for real estate developers at the rate of 50 percent. The action will likely facilitate the revitalization of older buildings in the city.
- 31st May 2023
- 1556 Views