Real Estate Mumbai
Cooperative Housing Society Cannot Charge Excess Fees from Rented Flats
A deputy registrar in Mumbai has ruled that the Chaitanya Cooperative Housing Society cannot charge additional fees beyond non-occupancy charges from members who rent out their flats.
Real Estate Mumbai
Mumbai's 87-Year-Old Bungalow Set for Self-Redevelopment: 6 Key Points
An 87-year-old bungalow in Bandra, Mumbai, is set to undergo self-redevelopment, partially financed by the owner. This rare project highlights the potential and challenges of self-redevelopment in the Mumbai real estate market.
real estate news
Aamir Khan Leases Four Apartments in Pali Hill for ₹24.5 Lakh Monthly Rent
Bollywood actor Aamir Khan has leased four apartments in Mumbai’s prestigious Pali Hill area for a monthly rent of ₹24.5 lakh. The move is reportedly due to the redevelopment of his current housing society.
real estate news
Haryana's Second Property Rate Hike in 8 Months: Real Estate Market Impacts
The Haryana government has announced a second hike in property registration rates within eight months, with increases ranging from 10% to 50%. This move is expected to impact the real estate market significantly.
Real Estate Mumbai
Mahindra Lifespaces Secures Rs 1,250 Crore Redevelopment Project in Mumbai’s Mulund
Mahindra Lifespace Developers Ltd (MLDL) has secured a major redevelopment project in Mumbai’s Mulund, valued at over Rs 1,250 crore. The project, spanning 3.08 acres, will cater to both existing society members and new buyers, leveraging its strategic location near key infrastructure.
Real Estate Mumbai
Mahindra Lifespace Wins Rs 1,250 Crore Mulund Redevelopment Project
Mahindra Lifespace Developers Ltd has secured a significant Rs 1,250 crore housing society redevelopment project in Mulund, Mumbai. Discover more about the project and the company's future plans.
Real Estate Mumbai
Maharashtra's New Housing Society Rules: 5 Key Highlights
The Maharashtra government has proposed new rules for cooperative housing societies, which include lowering interest on member dues, easing redevelopment financing, and modernizing meeting protocols. These changes aim to simplify regulations and reduce bureaucratic involvement.
Real Estate Mumbai
Maharashtra Lokayukta Investigates Rs 55 Crore TDR Scam in Chembur Housing Society
The Maharashtra Lokayukta has initiated an inquiry into a ₹55 crore scam involving the fraudulent acquisition of Transfer of Development Rights (TDR) by the Green Garden Apartment Co-operative Housing Society in Chembur. The probe includes allegations of forgery, embezzlement, and collusion.
real estate news
Mumbai Housing Society Parking Queries: Expert Clarifies Stilt and Podium Parking Rules
Mumbai Housing Society queries often revolve around parking spaces. An expert clarifies that stilt and podium areas are not considered open parking and cannot be sold by developers. Additionally, the rules for attending and voting in general meetings are explained.
Real Estate Mumbai
Sunteck Realty Secures Rs 1,100-Crore Redevelopment Project in Mumbai's Andheri
Sunteck Realty has secured the rights to redevelop a 2.5-acre housing society in Andheri East, Mumbai, with an expected revenue potential of Rs 1,100 crore. The project, originally established by LIC employees, has a development potential of over 1 million sq ft.
real estate news
MahaRERA Orders Shree Tirupati Builders to Fulfill Statutory Obligations
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued a landmark order against Shree Tirupati Builders and Developers, mandating them to fulfill various statutory obligations under the RERA Act. The order comes in response to a complaint filed by Saffalya Co-operative Housing Society Ltd. (CHSL).
Real Estate
RERA Orders Builder to Transfer Rs 16.95 Lakh Corpus Fund to Ponda Housing Society
The Real Estate Regulatory Authority (RERA) has mandated that a builder transfer a corpus fund of Rs 16.95 lakh to the Ponda housing society, ensuring financial compliance and protecting the interests of the residents.
real estate news
Three Pune Policemen Suspended for Accepting Bribe from Housing Society Chairman
Three policemen in Pune have been suspended for allegedly accepting a bribe from a housing society chairman in Pashan. The incident has sparked outrage and calls for stricter oversight of law enforcement in the city.
Real Estate Mumbai
Capacit'e Secures Rs 2.95 Billion Project from Indus Housing Society
Capacit'e, a leading construction firm based in Mumbai, has been awarded a significant project worth Rs 2.95 billion by the Indus Housing Society. The Letter of Acceptance (LoA) covers the construction of a large residential complex in the city.
real estate news
Pune: Five Stray Dogs Poisoned to Death at Pimpri Housing Society, Four Others Critical
In a heartbreaking incident, five stray dogs were found dead after being poisoned at a Pimpri Housing Society in Pune. Four other dogs are currently in critical condition, raising concerns about animal cruelty and the need for stricter regulations.
real estate news
18% GST on Apartment Maintenance Fees: What You Need to Know
If a housing society's annual turnover exceeds Rs 20 lakh and an individual flat owner pays over Rs 7500 per month as maintenance, then 18% GST will be applicable on the full amount. Here's a detailed breakdown of the new tax rules and how they will affect homeowners.
Real Estate Mumbai
CREDAI-MCHI Launches Mumbai Exhibition to Boost Housing Society Redevelopment
The realtors' body CREDAI-MCHI is set to host an exhibition in Mumbai to promote the redevelopment of housing societies. The event aims to provide a platform for developers and homeowners to explore opportunities and solutions for modernizing existing properties.
Real Estate Maharashtra
Bombay HC Orders Defendants to File Replies in Deonar's Green Garden Apartments CHS Legal Battle
The Bombay High Court has directed the defendants to file their replies in a legal case brought by the Deonar's Green Garden Apartments CHS, alleging large-scale fraud involving real estate developers.
Real Estate Mumbai
Bombay High Court Directs Defendants to File Replies in Deonar's Green Garden Apartments CHS Case
The Bombay High Court has directed defendants in a case filed by Deonar's Green Garden Apartments CHS to submit their replies, alleging a large-scale real estate fraud in Mumbai.
Real Estate Mumbai
Ajmera Realty's Ambitious Redevelopment Plan for Mumbai Housing Society
Ajmera Realty, a prominent player in the Mumbai real estate market, has announced an ambitious plan to redevelop a housing society in the city. This project is set to transform the area and bring modern amenities to the residents.