Conveyance deed drive in Maharashtra now till January 31 – ET RealEstate

PUNE: The state cooperation department issued a fresh circular on Friday extending the deemed conveyance drive till January 31. The drive entails the cooperation department to conduct surveys of societies that do not have the conveyance deed. Earlier, the deadline of the state government’s initiative of allowing the cooperative housing societies to apply for deemed […]

Dharma Productions’ CEO buys Rs 24.60 crore apartment in Mumbai – ET RealEstate

MUMBAI: Apoorva Mehta, Chief Executive Officer of Karan Johar’s Dharma Productions has bought a 2,691 sq ft sea-view luxury apartment in a marquee tower in Khar locality of Mumbai for Rs 24.60 crore. The deal valued at over Rs 94,400 per sq ft is one of the priciest transactions in the Bandra to Juhu belt […]

Mumbai: Sunteck Realty & residents at war over Signia Pearl society formation – ET RealEstate

MUMBAI: Residents of a plush new Bandra-Kurla Complex (BKC) tower, Signia Pearl, and the builder, Sunteck Realty, are at daggers drawn over the formation of a housing society. The dispute escalated earlier last week with bouncers stationed outside the 18-storey tower with the two sides accusing each other of arm-twisting. Residents said they had to […]

How much money you will save after 50% cut in premiums in Maharashtra – ET RealEstate

NEW DELHI: After Maharashtra cabinet recently approved 50% reduction in premium for real estate projects under the new Development Control and Promotion Regulations (DCPR) rule 2034 across the board for on-going and new projects upto December 31, 2021, the biggest question all buyers are asking is how much exactly are they going to save? According […]

Asian Paints’ Hasit Dani buys Rs 95-crore duplex on Carmichael Road – ET RealEstate

MUMBAI: Hasit Dani, a member of the Asian Paints promoter family, has bought a duplex apartment in a project being built on the plot of Hindustan Unilever’s erstwhile guesthouse Alhambra on south Mumbai’s Carmichael Road for Rs 95 crore. The deal for the 6,374 sq ft luxury apartment was registered last week and is valued […]

Mumbai: Adarsh housing society plea for building regularisation rejected – ET RealEstate

MUMBAI: An application by the members of the controversial Adarsh housing society in Colaba seeking post facto Coastal Regulation Zone (CRZ) clearance and regularisation of the construction has been rejected. The Maharashtra Coastal Zone Management Authority (MCZMA), in its decision on December 21, observed that “the CRZ notification of March 6, 2018, for post facto […]

Mumbai: Urmila Matondkar buys office at Linking Road for Rs 3.75 crore – ET RealEstate

MUMBAI: Actor-turned-politician Urmila Matondkar, who recently joined the Shiv Sena after a short stint with the Congress, has bought office premises for Rs 3.75 crore in a posh commercial complex in Khar area. Matondkar is one out of the 12 candidates whom the ruling Maharashtra Vikas Aghadi (MVA) has recommended for nomination to the state […]

Mumbai: Civic body to restore property tax on sub-500 sq ft housing units – ET RealEstate

MUMBAI: Dwelling units in Mumbai of less than 500 sq feet will soon attract higher property tax than in the previous year. “It was a mistake,” said municipal commissioner Iqbal Chahal about the previous year’s assessment. “The state legislature while amending the BMC Act had allowed the waiver of only general tax. Instead of waiving […]

MYRE capital acquires 46,000 sq ft at Pune at Rs 50 crore – ET RealEstate

MYRE capital, a venture by architect firm Morphogenesis, has acquired 46,000 sq ft of grade A+ commercial assets at Pune’s Magarpatta for Rs 50 crore. The rent yielding asset will be offered to investors on its platform as the company looks to acquire more assets in Mumbai, Pune, Bengaluru and Delhi-NCR to offer them for […]

Mumbai: Property registrations at all-time high in December – ET RealEstate

Property registrations in Mumbai, the country’s biggest real estate market, have broken all records as the unprecedented rush among the homebuyers continued in the backdrop of all-time low home loan rates, attractive price discounts and reduction in stamp duty charges. Registration of residential sales in the country’s financial capital rose 192% from a year ago […]