MUMBAI METROPOLITAN REGION
Mumbai: New fares for auto-rickshaws, taxis come into force
The minimum fare for a distance of 1.5 km for taxis has increased from Rs 22 to Rs 25, while for the auto- rickshaws it has gone up from Rs 18 to Rs 21, RTO officials said.
Godrej Properties to acquire two adjacent land parcels in Navi Mumbai
Godrej Properties has bid total Rs 166 crore for the adjacent plots in ...
More than 8,000 new COVID-19 cases recorded in Maharashtra after four months
The state reported 8,807 cases on Wednesday, taking its total in...
Bankruptcy court admits insolvency proceedings against Tops Security
The Mumbai bench of the National Company Law Tribunal (NCLT) has also appointed chartered accountant Rajendra Karanmal Bhuta as interim resolution professional (IRP) to oversee the company’s day-to-day affairs and revival plans.
Kalpataru to invest Rs 300 crore to develop 2.4 acre residential project in Panvel
The project spread over 2.4 acres will be developed in two phases and will comprise of more than 400 apartments with two and three-bedroom configurations, the company said in a release.
Realty developers stage protest to demand regulator for cement, steel sector
The protest was aimed at the attention of the government authorities towards alleged cartelisation and unnatural price hike by cement and steel manufacturers in the last few months.
Ongoing realty consolidation an opportunity for strong developers, says Pirojsha Godrej
“Homebuyers are quite apprehensive of developers with liquidity or high debt issues. Several land parcels owned by such developers are available in the market and we are seeing a large number of such projects,” Godrej told.
Reduced realty premiums to generate Rs 10L cr economic activity in Mumbai: CREDAI MCHI
The developers’ body estimates that the premium reduction will help residential real estate new launches make a comeback in the first quarter of 2021, to almost 100% of Pre-COVID level a year ago.
Delhi-NCR has maximum stuck housing units at 1.9 lakh worth nearly Rs 1.2 lakh cr: Report
Across seven major cities, as many as 5,02,340 housing units, worth Rs 4,07,005 crore, were stuck at the end of last year. As on 2019-end, 1,322 projects comprising 5.76 lakh units were stuck in various stages.
Ready homes demand, govt support, liquidity prompt realtors to push execution
The government’s initiatives including the most important last-mile funding for stressed realty projects through the SWAMIH fund and the Reserve Bank of India’s liquidity-generation measures have aided the completion of these projects.
Covid strain that can ‘fool’ three antibodies found in Mumbai Metropolitan Region
“This is one of three mutations (K417N, E484K and N501Y) seen in the South African lineage,” said Dr Nikhil Patkar, associate professor in haematopathology at Tata Memorial Centre’s Kharghar unit called ACTREC.
Govt's last-mile fund SWAMIH readies stressed realty projects for delivery
Construction at the projects, bankrolled under the Special Window for Completion of Construction of Affordable and Mid-Income Housing Projects (SWAMIH I), has witnessed a major pick-up and seven phases of other projects across the country are expected to be delivered in the second half of this year. In all, more than 3,000 stuck homes would be delivered through this scheme.
Realty sector sinks deeper into crisis this year; builders look to 2021 with hopes of demand revival
Stable property prices, low home loan interest rates, discounts and freebies offered by developers and lower stamp duty rates offered by some states are what the industry hopes will aid in the recovery after housing sales and office space leasing sunk by 40-50 per cent this year.
Maharashtra development premium reduction to provide homebuyers zero stamp duty benefit
The Maharashtra government is set to reduce the development premium charged to developers by 50% but this benefit can be availed only by those developers who pay stamp duty for homebuyers.
Record residential sales momentum in Q4 helps cushion dip in 2020 performance
Although residential real estate bottomed out in 2020 against the previous peak of 2014, the October-December quarter has provided strong revival signs with home affordability being at its all-time best.