Sewage treatment plants might become mandatory for Thane housing societies
March 20, 2017

The Thane Municipal Corporation (TMC) intends to make it mandatory for new small housing projects to have water treatment and recycling plants. This will be enforced by ensuring that henceforth, all housing proposals include a built-up area of 20,000 sq ft or 2,000 sq m to develop Sewage Treatment Plants (STP). An official survey carried out last year showed that about 75 percent of households in TMC jurisdiction lacked basic sewerage disposal facility. Authorities shared that only 25 percent… Read More

Maharashtra to set up SPV for monetising land to fund infra projects
March 20, 2017

Maharashtra government has decided to set up a special purpose vehicle (SPV) in order to monetise government land. This is aimed at raising funds for the cash-strapped government for developing infrastructure across the state. The state is targeting a total of Rs 1 lakh crore to be raised via the SPV, which would be used over the next five years. Named Mahainfra, the SPV would allow the aggregation of idle land held by various departments… Read More

Maharashtra allows architects to self-certify bungalows
March 20, 2017

Maharashtra state urban development department has issued a notification according to which architects may now self-certify their own projects in Mumbai. This would relieve the burden of approvals on the civic administration and speed up the building approval system. The notification stated that the architects would be responsible for plinth checking and monitoring the construction, and would also be authorised to issue approval plans and approval letters. Periodical site progress and inspection reports would have to… Read More

Maharashtra acts against encroachment on Waqf properties
March 19, 2017

Acting on complaints regarding Waqf properties in the state being encroached, the Maharashtra government has decided to carry out a survey of Waqf properties. An earlier review had estimated about the share of encroached Waqf land at 70 percent. The aim of this survey is to establish total Waqf land by checking the title of the properties and any encroachments on the same. Waqf properties are primarily used for religious and philanthropic purposes under Muslim… Read More

Mumbai housing societies can now be registered without OC, CC
March 14, 2017

Much to the delight of thousands of people who are waiting for their housing societies in Mumbai to be completed, state cooperatives department has offered a ray of hope. The government has decided to allow housing societies in Mumbai to be registered without commencement certificates, completion certificates (CC), and occupation certificates (OC). Officials have shared that the Mumbai Metropolitan Region (MMR) has more than 1.2 lakh residential buildings and just 75,000 registered housing societies. To promote… Read More

Engineers, architects to be responsible for buildings in Maharashtra for 10 years
March 12, 2017

According to a recent Maharashtra government ruling, all parties involved in the construction of a building will be liable for any structural defects occurring in the property within 10 years of its completion. Architects, construction companies, structural engineers, site supervisors and engineers, license surveyors, contractors, and sub-contractors will be in the purview of this provision included in the city’s development control rules (DCR). Although the new rule has come into force with immediate effect, the… Read More

Mumbai Development Plan draft announces new green zones in the city
March 11, 2017

The six-member planning committee, that was formed to look into objections and suggestions received for Mumbai’s Development Plan (DP) for the next two decades, have finally submitted their report. The committee has confirmed that 30 hectares of the total 930 hectare area of the Aarey colony in Mumbai will soon be utilised for Metro III car shed while 113 acres is set to be used for a proposed zoo. As per the plan, the designation… Read More

Bandra-Versova sea link receives environmental clearance
March 11, 2017

The Bandra-Versova sea link has finally received environmental clearance from the government. The proposed 9.89 km sea link has been issued the clearance by the State Environment Impact Assessment Authority (SEIAA) after the Maharashtra State Road Development Corporation (MSRDC) complied with all requirements, confirmed an environment department official. The environmental clearance is subject to obtaining a No Objection Certificate (NOC) from the forest and wildlife board and the condition that no mangroves will be destroyed… Read More

Press Release

Ozone Group collaborates with K Mordani Realty for Mirabilis project
March 10, 2017

Ozone Group collaborates with K Mordani Realty for Mirabilis project10th March 2017 One of South India’s prominent developers Ozone Group has entered into a joint venture with K Mordani Realty to develop a residential project - Mirabilis - at Santa Cruz East. Situated in the heart of Bandra Kurla Complex, the project will offer fully-furnished 112 homes in various themes such as retro, contemporary style and danish minimal. Read More

Navy blocks development of 300 housing projects in Mumbai
March 9, 2017

The Indian Navy has gridlocked the development of 300 housing projects in Mumbai’s eastern suburbs. Shocking the builders functioning in this area, the Brihanmumbai Municipal Corporation (BMC) has halted new construction permissions in the area after the Navy objected to building activity around its base stations. As confirmed by BMC officials, the Municipal Building Proposals Department stopped processing permissions three months ago after the Navy’s objection on construction activity in Kanjurmarg, Ghatkopar, and Mankhurd. It… Read More

No Development Zones in Mumbai to allow affordable housing development
March 8, 2017

The No Development Zones (NDZ) in Mumbai’s draft Development Plan 2034 has been renamed as Special Development Zones (SDZ). This could help Brihanmumbai Municipal Corporation (BMC) develop additional affordable units, beyond the 10 lakh planned initially. The report submitted by the committee to the mayor suggests that owners of small SDZ plots be allowed to develop their land after surrendering a portion of it for affordable housing and open space development. The earlier proposal allowed… Read More

Press Release

Paradigm Realty collaborates with Dotom Realty for new venture
March 4, 2017

Paradigm Realty collaborates with Dotom Realty for new venture4th March 2017 Mumbai-based developer Paradigm Realty has joined hands with Dotom Realty for its new project Ariana Residency. Strategically situated in Borivali East in Mumbai, the project will accommodate a total of 400 affordable apartments in 1 BHK and 2.5 BHK configurations. The residential project will offer free Wi-Fi facility, health club, meditation/yoga zone and landscaped garden. Read More

Housing societies must share info under RTI Act: Court
March 4, 2017

About 75,000 cooperative housing societies in the Mumbai Metropolitan Region (MMR) will not be able to refuse to share their records under the Right To Information (RTI) Act. As per a ruling by the Aurangabad bench of the Bombay High Court, these societies are bound to reveal requested information under the purview of the transparency legislation. Responding to a petition filed by the association of Jalgaon Zilla Urban Cooperative Bank (JZUCB), the High Court (HC)… Read More

Gas pipelines can now be set up during building construction in Mumbai
March 4, 2017

Developers in Mumbai can now set up piped gas line networks in their buildings during the construction stage itself. Under the Mahanagar Gas Ltd’s (MGL) new ‘reticulated system’ model, the gas pipeline can be implemented during construction of a new building. As confirmed by MGL officials, the model will enable builders to save time post construction and, thus, will help them focus on offering timely possession. The infrastructure laid by the builder will be inspected… Read More

Navi Mumbai real estate gathers momentum with the progress in airport project
March 1, 2017

With the bid for the development of Navi Mumbai airport being finalised, the real estate in the region is witnessing an increase in interest. Experts point out that enquiries, as well as property registrations, have risen in the region on the back of the Rs 16,000 crore project being assigned to the GVK group.   The data with the Maharashtra Chamber of Housing Industry (MCHI) - Navi Mumbai chapter, shows that about 16-17 percent of the total… Read More

Press Release

Nahar Group bags India’s Most Admired Brand for 2016-17
February 23, 2017

Nahar Group bags India’s Most Admired Brand for 2016-1723rd February 2017 Prominent real estate developer Nahar Group has bagged three prestigious awards from White Page International including India’s Most Admired Business Leader - Chairman and Managing Director and India’s Most Admired Brand for the year 2016-17. The award ceremony held at Trident Hotel in Mumbai. Among those present at the awards was Sudhir Mungantiwar, Honorable Minister of Finance, Planning and Forest, Maharashtra.  Read More

Press Release

Spenta Corporation join hands with ACC for Alta Vista project
February 22, 2017

Spenta Corporation join hands with ACC for Alta Vista project22nd  February 2017 Mumbai based developer Spenta Corporation has joined hands with Arabian Construction Company (ACC) for their new project, Alta Vista in Chembur, Mumbai. The project, which is estimated to cost Rs 1800 crore, will be one of the biggest real estate projects in India post demonetisation. Renowned architect Hafeez Contractor has been appointed as the designer of this project.   Read More

Press Release

K Raheja Corp receives Gold rating for Bangalore-based IT building
February 20, 2017

K Raheja Corp receives Gold rating for Bangalore-based IT building20th  February 2017 One of India's prominent real estate developer K Raheja Corp has acquired Gold rating from Leadership in Environment and Energy Design (LEED) for its commercial IT building situated at Whitefield in Bangalore. The building secured 64 points based on various parameters such as soil restoration, energy and water conservation, rainwater harvesting and water efficient landscaping. Read More

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