Mumbai: Work on Rs 12,000 cr coastal road commences
December 14, 2018

After receiving a nod from the Brihanmumbai Municipal Corporation (BMC) for the much-awaited coastal road project worth Rs 12,000 crore, the work on the project has started. Officials have shared that jetties are being constructed at Breach Candy and Worli sea face for the mobilisation of resources. The geotechnical investigation is underway at Amarsons Garden and Worli, and a Global Positioning System (GPS) instrument has also been set up at Marine Drive. A temporary bund wall is also being constructed at Amarsons Garden. Most of the material and machines required for the construction work will be transported by sea to…

Mumbai: BMC revises the size of redeveloped flats
December 13, 2018

In a bid to redevelop the non-cessed buildings in the city, the Brihanmumbai Municipal Corporation (BMC) has increased the maximum size of flats to 1,292 sq ft from the earlier 753 sq ft for reconstruction. The minimum size of a flat that can be redeveloped is kept at 300 sq ft. The decision was made considering the hesitance of the landlords and developers to reconstruct the non-cessed buildings. A non-cessed building represents a building constructed after 1960 in the city and suburbs. There is no separate policy for reconstruction or redevelopment of the dilapidated tenanted non-cessed buildings. However, the Maharashtra…

PM to lay the foundation stone of Metro 5 and 9 in Kalyan, Thane
December 13, 2018

The Maharashtra government is gearing up to improve the connectivity quotient in Mumbai by starting the construction work of two new metro rail projects. Prime Minister Narendra Modi, along with State Chief Minister, Devendra Fadnavis, will lay the foundation stone of Metro 5 (Thane-Bhiwandi-Kalyan) and Metro 9 (Dahisar-Mira Bhayander) on December 18, 2018, in Kalyan. The two proposed metro corridors will facilitate connectivity in the Mumbai Metropolitan Region (MMR). The Metro 5 line is a 24 km-long stretch including 17 stations with an estimated ridership of around 2.29 lakh passengers by 2021. The Metro 9 line will facilitate connectivity between…

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EKTA World launches a new luxurious housing project in Powai
December 12, 2018

EKTA World launches a new luxurious housing project in PowaiDecember 3rd 2018 Known for their quality and experiential homes, EKTA World, a leading developer in the Mumbai Metropolitan Region (MMR) region launches its new luxurious project “Lake Riviera Residences” in Powai. The project has been launched in association with Pashmina Developers, a decade old realty company with its footprint across Bangalore, Mumbai and Pune. This project will redefine the experiential living trends to become the most sought-after rejuvenating nest in Powai. The project boasts of an International Spa by Jean-Claude Biguine and a Zen Garden.    

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Vijay Wadhwa felicitated with ‘Outstanding Contribution to the Facade Industry’ award
December 12, 2018

Vijay Wadhwa felicitated with ‘Outstanding Contribution to the Facade Industry’ awardDecember 11th 2018 Vijay Wadhwa, Chairman of The Wadhwa Group, Mumbai received an award for ‘Outstanding Contribution to the Facade Industry’ at the ZAK Awards for Excellence in Façade & Fenestration 2018. Zak Awards for Excellence in Façade and Fenestration is a platform to give recognition and facilitate the industry icons and the stalwarts who are behind this difficult task of raising the bar in façade design and engineering.  

Railways approves Rs 55,000 cr sub-urban project in Mumbai
December 11, 2018

The Railway Board, Indian railway's apex body, has granted an in-principle approval to the Mumbai suburban railway project. The project is estimated to be developed at a cost of Rs 55,000 crore. The amount has been sanctioned for the same. The project involves adding 90 km of double line tracks to the existing tracks, covering around 450 km of network and 150 km of the additional suburban network. Officials have shared that the project has received an approval from the State government and the same proposal has been tabled to the Central Government for the final nod. The State government…

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K Raheja Corp’s commercial project receives USGBC Gold rating certification
December 10, 2018

K Raheja Corp’s commercial project receives USGBC Gold rating certification 10th December 2018 Mumbai-based real estate developer, K Raheja Corp earns the Gold rating certification from the U.S. Green Building Council (USGBC) for their commercial business park, Mindspace at Madhapur in Hyderabad. Building 12 A at Mindspace was recognised for its sustainable practices and was rewarded with 69 points by USGBC. Mindspace Madhapur is also the first Commercial Business Park in Hyderabad to be certified with an IGBC Gold Rating. 

Mumbai civic body issues guidelines for pagdi tenants
December 7, 2018

As per the latest notification by the Brihanmumbai Municipal Corporation (BMC), all pagdi tenants living in non-cessed buildings before June 1996, would now be eligible for new flats in the redeveloped buildings. The rule will be applicable in case the tenant transfers the flat in the name of another person. The occupant will also be eligible for accommodation after the redevelopment. The pagdi system is a rental model where the landlord is the owner of the property, but the possession is retained with tenants by paying a nominal rent. Officials have shared that most of the non-cessed buildings are situated…

Mumbai: Sewri chawls to be redeveloped under PMAY
December 5, 2018

The Sewri BDD (Bombay Development Directorate) chawls could be redeveloped on the lines of the Pradhan Mantri Awas Yojana (PMAY). To achieve this, the owner of the Mumbai Port Trust (MbPT) will table a proposal to the Maharashtra government. It is stated that the land may not be transferred to the Maharashtra Housing and Area Development Authority (MHADA) as the Authority is currently implementing the redevelopment of BDD chawls in Worli, Naigaon and Parel. A senior MbPT official has shared that a policy is being formulated to redevelop the Sewri BDD chawls under the ambitious housing scheme. A proposal for…

MahaRERA finishes GIS mapping of over 8,500 projects
December 1, 2018

According to the Maharashtra Real Estate Regulatory Authority (MahaRERA), of the total 18,000 plus projects registered, it has finished the Geographic Information System (GIS) mapping of over 8,500 projects across the State. The GIS mapping feature will allow homebuyers to carefully check the surroundings and amenities present in the area they are looking to invest in. According to a RERA official, builders often dupe homebuyers by telling them that the project lies in proximity to certain amenities such as hospitals, schools and railway station. However, several homebuyers later feel cheated on finding out the actual distance from these amenities is…

Mumbai DP 2034 shows land parcels in sea and mangroves
November 30, 2018

The Maharashtra government has recently sanctioned the Mumbai Development Control and Promotion Regulations 2034 (DCPR). However, the plan has some inaccuracies including land parcels in the sea, shifting sands, intertidal areas, mangroves and even nullahs.  Officials have shared that there are no plots on the sea anymore. There were some clerical and textual errors in the DP sheets. The Brihanmumbai Municipal Corporation (BMC) has informed the State government about the faults that have been classified as draftsman’s errors. Most of the mistakes have been corrected, and the remaining errors are in the Excluded Part (EP) of the DP which is…

Stamp duty in Mumbai up by 1 percent
November 28, 2018

Mumbai homebuyers must prepare themselves to shell one percent extra stamp duty for registering a property in the city. The State government has hiked the stamp duty charges to fund several ongoing transport infrastructure projects including the metro projects, mono rail project, and bus rapid transport system (BRTS). The decision will now increase the stamp duty to six percent from the present rate, five percent. To achieve this, the State government has made certain amendments in the Municipal Corporation Act. In the recent past, the Mumbai Metropolitan Region Development Authority (MMRDA) had urged the State government to provide funds for…

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Dr. Fixit introduces revolutionary building envelope solutions for roof and walls
November 26, 2018

Dr. Fixit introduces revolutionary building envelope solutions for roof and walls15 November, 2018  Dr. Fixit, announced the launch of building envelope solutions for roof and walls . The building envelope refers to the external walls, windows, roof and floor. Since roof and walls comprise as much as 28 percent and 45 percent of the total energy loss in buildings, good thermal insulation such as building envelope is crucial to prevent heat from seeping in through the exterior of the building. Therefore, with this launch, the brand aims to strengthen its low energy consumption systems and spearhead the propagation of modern…

Buildings in Marine Drive will not rise above 24m
November 25, 2018

The Brihanmumbai Municipal Corporation (BMC) has decided to put its plan to permit buildings in the heritage precinct of Marine Drive to be increased to 58 m. The decision will remain intact until the Supreme Court decides on a petition on the proposal. With this decision, the height restriction of the buildings at Marine Drive is 24 m. Officials have shared that the BMC would not implement the revised guidelines for the redevelopment of Marine Drive before the verdict of the apex court. Last month, the apex court refused the petition filed, which was in favour of raising the building…

House registrations pick up in Navi Mumbai
November 23, 2018

Maharashtra Chamber for Housing Industry (Navi Mumbai) has shared that Navi Mumbai has observed a 10 percent increase in flat registrations in the past seven months as compared to the same period last year. Builders have attributed the rise to the infrastructural developments in the city. Two new projects namely the new airport project and the Nerul-Belapur-Kharkopar railway line has been a significant pull for the prospective home buyers. Manohar Shroff, Former Secretary, Maharashtra Chamber for Housing Industry (Navi Mumbai), has shared that a total of 9,893 new house registrations have been made in Navi Mumbai. The data has been…

Mumbai civic body to grant environmental clearance to housing projects
November 22, 2018

The Ministry of Environment, Forests and Climate Change has issued a notification authorising the local bodies to grant the environmental clearances for construction of real estate projects. With this decision, the local bodies such as municipalities, development authorities and district panchayats would now be able to give ecological approvals to real estate projects with a built-up area between 20,000 sq m and 50,000 sq m. According to the notification, the Brihanmumbai Municipal Corporation (BMC) and the Mumbai Metropolitan Region Development Authority (MMRDA) can now grant environmental nod for industrial sheds, educational institutions, hospital and education hostels covering the area between…

Over 50 percent of houses in MMR below Rs 80 lakh: Report
November 18, 2018

According to a report by Anarock, western and central peripheral regions of Mumbai Metropolitan Region (MMR) have reported more than 90 percent of the new launches within the price bracket of Rs 80 lakhs. Since 2013, nearly 54 percent of the new supply in MMR fall within Rs 80 lakh category, while the remaining supply is priced above Rs 80 lakh. The report further reads that about 0.2 million units remained unsold in the region as of Q3 2018. MMR accounts for around 37 percent of the overall unsold housing units across the top 7 cities in India. Compared to…

MMRDA to develop signal-free corridor on Western Express Highway
November 17, 2018

To reduce the travel time between the Chhatrapati Shivaji International Airport and Dahisar, the Mumbai Metropolitan Region Development Authority (MMRDA) will construct a signal-free corridor on the Western Express Highway (WEH). The planned corridor is more likely to cut the travel time by 30 minutes. MMRDA officials have shared that the proposed corridor is expected to commence only after the construction of elevated Metro 7 running from Andheri East to Dahisar East is completed. The expected deadline for the completion of the civil work of the metro project is June 2019. RA Rajeev, Metropolitan Commissioner, MMRDA, has shared that the…

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