Mumbai records over Rs 4,000-crore luxury property deals in January-June period – ET RealEstate

Luxury property segment in Mumbai, the country’s most expensive real estate market, has witnessed buoyancy in the first half of the year as corporate honchos, CXOs, Bollywood stars and high networth individuals continued to lap up properties. Most of them have concluded their high-value transactions in the backdrop of the stamp duty reduction announced by […]

Mumbai: BMC to finally provide basic amenities to MHADA colonies – ET RealEstate

MUMBAI: Bringing significant relief to residents of Maharashtra Housing and Area Development Authority (MHADA) colonies, the BMC has finally taken over the task of providing garbage clearance, water connections, road repair and basic amenities to these societies. These colonies were long deprived of the civic body’s facilities as Mhada has been designated an independent planning […]

Hiranandani Group invests Rs 1,000 crore to develop commercial space in Thane – ET RealEstate

Representative Image NEW DELHI: Hiranandani Group has invested nearly Rs 1,000 crore to develop 2.6 million sq ft commercial real estate space in Hiranandani Estate township spanned across 350 acres on Ghodbunder Road, Thane, the company said in a media release. While Quantum tower spread across 0.6 million sq ft is ready to be leased […]

Kolkata’s KCT Group buys HSBC’s office building in South Mumbai – ET RealEstate

Kolkata-based KCT Group has bought an 108-year-old prime commercial building owned by the Hong Kong and Shanghai Banking Corporation (HSBC) at Horniman Circle in South Mumbai’s Fort locality for over Rs 83 crore, two people with direct knowledge of the development said. The transaction assumes significance as South Mumbai has not seen a large independent […]

Mumbai: Mhada to redevelop Patra chawl, tenants to get rent arrears too – ET RealEstate

MUMBAI: The Maharashtra Housing Area Development Authority (Mhada) is slated to formally take over redevelopment of Siddharth Nagar (Patra) chawl in Goregaon West. The state housing department issued a government resolution (GR) directing Mhada to complete the stalled redevelopment and hand over tenements to the 672 tenants and the 306 citizens who had won allotments […]

Mumbai: Slum dwellers on Nepean Sea plot oppose Esarac Construction’s plan – ET RealEstate

MUMBAI: A day after TOI reported on the dereservation of a Nepean Sea Road plot, slum residents on the property said they have passed a resolution to remove the builder for non-performance. They want to redevelop the slum under a self-redevelopment scheme. Residents of the Simla Nagar slum, located on a vantage plot near Hanging […]

Mumbai witnesses large scale appointments of independent administrators in housing societies – ET RealEstate

MUMBAI: For over a year the Mumbai Metropolitan Region (MMR) is suddenly witnessing on large scale the appointments of independent administrators in place of housing society managements. This has raised eyebrows among the members of hundreds of societies that are due for redevelopment as many builders and contractors have allegedly taken undue advantage of the […]

Maharashtra: Additional duty burden for home buyers amid pandemic – ET RealEstate

NAGPUR: The relaxation in stamp duty that followed Covid outbreak has not only gone, but the amount payable has also increased recently even as realtors and home loan consultants say the market has not yet recovered from the pandemic effect. On June 14, the state government has increased the fee chargeable on intimation of mortgage […]

Rail Land Development Authority to redevelop Mumbai’s Supari Baug Colony – ET RealEstate

The Rail Land Development Authority (RLDA) will redevelop the Supari Baug Colony at Parel, Mumbai. The authority has invited e-bids for engaging architectural and real estate consultancy for the site, which is located in South Mumbai in the vicinity of corporate hubs such as Nariman Point, BKC and possesses excellent connectivity to the prominent landmarks […]

Maharashtra gives nod to redevelop slums located on Mumbai airport land – ET RealEstate

MUMBAI: The state government has given the green signal to Mumbai International Airport Ltd (MIAL) to carry out redevelopment of slums on the Mumbai airport land. MIAL is a joint venture between Adani Airports and Airport Authority of India, that operates Chhatrapati Shivaji Maharaj International Airport. The state urban development department on Tuesday issued a […]