Mumbai Not For Developers; SRA Intended For Public Welfare: Bombay HC

Afcons Developers Ltd And Ameya Housing Private Ltd Were Appointed As Co-Developers Of The Slum Rehabilitation Project At Jogeshwari In Suburban Mumbai. MUMBAI: This City Is Not For Developers, And The Slum Rehabilitation Act (SRA) Is Intended To Serve The Purpose Of Public Welfare And Not The Developers, The Bombay High Court Said, Directing Two Developers To Pay Transit Arrears Of Rs. 11 Crore To...

Property Prices In 50 Cities Increase By 7.1% Year-On-Year In Q3 FY23: NHB Residex

All The Eight Major Metros Of The Country Viz., Ahmedabad (14.4%), Bengaluru (8.0%), Chennai (8.7%), Delhi (1.8%), Hyderabad (10.2%), Kolkata (7.4%), Mumbai (4.4%) & Pune (7.2%) Recorded Increase In The Index On An Annual Basis. Mumbai : Residential Property Prices In 50 Cities Recorded An Increase Of 7.1 Per Cent Year-On-Year During The Quarter Ended December 31, 2022 As Compared With 4.5 Per...

Building Project Ads Without Registration Number to Face Action: MahaRera

As Per the Officials, Promoters of Projects Have Been Issuing Advertisements of the Projects in Newspapers Without Mentioning the MahaRera Registration the MahaRera Registration Number and They Believe That They Have Not Mentioned the Number, As The Projects Are Not Registered with It. MUMBAI: MahaRera Will Initiate SUO Moto Action Against Projects That Are Advertised Without Registering with It. It Has...

Real Estate Projects Becoming Unviable Due to High Construction, Capital Cost: Tata Realty MD & CEO

When Asked About the Factors Making Projects Unviable, Dutt Pointed Out, "Real Estate Requires a Lot of Capital in India, First of All to Acquire Land. In Major Cities Such As NCR, Mumbai And Bengaluru, It (Land Cost) Is Almost 50 Per Cent To 80-85 Per Cent Of The Project Cost."Mumbai : The Development Of Real Estate Projects In India Is Becoming Unviable Due To High Cost Of Land, Capital And...