The Bombay High Court has initiated suo motu proceedings to review the working of the Maharashtra Slum Areas (Improvement, Clearance and Redevelopment) Act, 1971.
Bombay High CourtSlum RedevelopmentMaharashtra Slum Areas Act1971Real EstateReal EstateAug 13, 2024
The Maharashtra Slum Areas (Improvement, Clearance and Redevelopment) Act, 1971 is a law enacted to provide for the improvement, clearance, and redevelopment of slum areas in the state of Maharashtra.
The Bombay High Court initiated suo motu proceedings to review the working of the 1971 law to identify the causes of problems faced in its implementation.
A total of 1612 cases, involving disputes arising under the 1971 Act, are pending before the high court.
The Supreme Court noted that the Act is a beneficial legislation, intended to materialize the constitutional assurance of dignity of the individual by providing basic housing, so integral to human life.
The special division bench presided over by Justice Girish S Kulkarni will begin the suo motu proceedings on August 16.
B-Right Realty, a prominent player in the real estate market, has recently appointed Nishikant Shimpi as CEO and Anand Chirania as CFO to lead the company's expanding portfolio of residential and commercial projects, particularly in the Slum Rehabilitatio
Commercial real estate foreclosures experienced a significant spike in September, marking a 48% increase year-over-year. The data, provided by ATTOM, highlights growing financial stress in the commercial real estate sector.
Film director Siddharth Jena was duped of ₹1.50 crore by 10 persons promising profitable returns from investing in land and flats in Goa.
Hyderabad: Vishnu Rupani's body found in a highly decomposed state; police suspect kidnapping and murder over a financial dispute.
The Karnataka Budget 2025 focuses on infrastructure development and affordable housing but falls short in addressing key concerns like assured ownership and property rights for homebuyers.
Navigo, a 3D visualization tool, is transforming the way homebuyers experience and interact with properties, leading to increased sales and reduced cancellations.