Real Estate Maharashtra
Prestige Group and Maharashtra Government Ink Rs 12,500-Crore Deal for Three Major Projects
Prestige Estates Projects Ltd and the Maharashtra government have signed a Rs 12,500-crore deal for a data center, a global competency center, and a logistics facility with residential and commercial properties. The projects are expected to generate around 8,700 direct jobs and thousands of indirect opportunities, set to commence in 2026.
Real Estate Pune
Pune State Government Approves ₹27-Crore Plan for Bundgarden Police Station’s New Building
The Maharashtra government has cleared a ₹27-crore project to construct a new administrative building for the Bundgarden police station in Pune. The project, which includes a basement and four floors, aims to modernize the police station's facilities and improve operational efficiency.
Real Estate Maharashtra
Maharashtra Govt Boosts Revenue with Grain-Based Liquor Production
The Maharashtra government has taken a significant step to increase revenue by allowing the production of grain-based liquor and reviving underutilized liquor units. This move is expected to generate an additional Rs 3,000 crore.
Real Estate Maharashtra
Maharashtra Approves TP Schemes to Accelerate Pune's Infrastructure Growth
Maharashtra has approved several Town Planning (TP) schemes to boost infrastructure development in Pune, including the expansion of ring roads and village development projects.
Real Estate Maharashtra
Mumbai Property Registrations Surge 4% in Jan-Jul: A Sign of Strong Market Demand
Mumbai's property market has witnessed a 4% increase in registrations to 88,639 units from January to July, driven by robust buyer confidence and rising demand. Revenue from registrations also saw a 13% uptick.
Real Estate Maharashtra
Maharashtra Government Prohibits Employees from Criticizing Decisions on Social Media
The Maharashtra government has issued a circular banning its employees from criticizing government decisions or sharing confidential documents on social media. Violators face disciplinary action.
Real Estate Pune
Maharashtra Government Rejects Pune's Hoarding Fee Hike; PMC Ordered to Respond
The Maharashtra state government has overturned the Pune Municipal Corporation’s (PMC) decision to increase advertisement hoarding fees, citing non-compliance with the state’s Advertising Policy 2022. The PMC has 30 days to provide a detailed explanation.
Real Estate Mumbai
Maharashtra Considers Higher FSI for Mumbai Airport Funnel Zone
The Maharashtra government is considering allowing a higher Floor Space Index (FSI) in the Mumbai airport funnel zone, which could significantly impact real estate development in areas like Vile Parle and Santacruz.
Real Estate Maharashtra
Maharashtra Government Extends Eligibility for SRA Scheme to More Residents
The Maharashtra government is set to expand the eligibility criteria for the Slum Rehabilitation Authority (SRA) scheme, potentially benefiting more residents. This move aims to enhance urban development and improve living conditions in slum areas.
Real Estate Maharashtra
Maharashtra Allocates Funds to Boost Merged PMC Villages
The Maharashtra government has allocated funds to enhance infrastructure in the recently merged villages of the Pune Municipal Corporation (PMC). This initiative aims to improve civic amenities, waste management, and water supply in these peri-urban areas.
Real Estate Maharashtra
Maharashtra Exempts Rs 264 Billion in Stamp Duty for Key Projects
The Maharashtra government has waived Rs 264 billion in stamp duty for several key infrastructure and real estate projects, including the Dharavi redevelopment and the MNLU Goregaon. This move aims to boost urban renewal and attract private investment.
Real Estate Maharashtra
Maharashtra Govt Approves Stamp Duty Concessions for Dharavi Redevelopment SPV
The Maharashtra government has approved stamp duty concessions for the Special Purpose Vehicle (SPV) formed for the Dharavi Redevelopment Project, aiming to expedite the large-scale rehabilitation and redevelopment of Asia’s largest slum cluster.
Real Estate Maharashtra
Maharashtra Government Combats Illegal Sand Mining with Drone Technology
The Maharashtra government has announced plans to use drones for surveying mining areas to curb illegal sand mining and quarrying. This initiative aims to improve transparency and efficiency in mineral management.
Real Estate Maharashtra
Maharashtra Approves Kurla Plot Transfer for Dharavi Redevelopment
The Maharashtra government has cleared the transfer of a Kurla plot, paving the way for the ambitious Dharavi Redevelopment Project. This move is expected to accelerate urban renewal and provide better housing solutions for the residents of Dharavi.
Real Estate Maharashtra
Mumbai's Dharavi Redevelopment: 43% of Land to Be Developed for Free Sale by Adani Group
The Maharashtra government has approved the Dharavi redevelopment project, with 43% of the total 108.99 hectares to be developed by the Adani Group for free sale in the open market.
real estate news
Dharavi Reimagined: A Rs 957.9 Billion Makeover
The Dharavi Redevelopment Project, a Rs 957.9 billion initiative, aims to transform Mumbai’s largest slum into a modern, sustainable community. The project includes advanced digital surveys, affordable rental housing, and the integration of Metro Line 11.
Real Estate Maharashtra
Maharashtra Government to Provide Free Sand for Housing Scheme Beneficiaries
The Maharashtra government has introduced a policy to provide free sand to beneficiaries of housing schemes, aiming to support affordable housing and reduce construction costs.
Real Estate Pune
Maharashtra Government to Permanently Close All RTO Check Posts Post-GST Implementation
The Maharashtra Government has decided to permanently shut down all Regional Transport Office (RTO) check posts following the implementation of the Goods and Services Tax (GST). This move is expected to streamline traffic and reduce congestion at these checkpoints.
Real Estate Maharashtra
Maharashtra Govt Acquires Historic Raghuji Sword for Rs 47 Lakh
The Maharashtra government has made a significant historical acquisition by purchasing the historic Raghuji Sword for Rs 47 lakh. Chief Minister Devendra Fadnavis announced this milestone, emphasizing the cultural and historical importance of the artifact.
Real Estate Maharashtra
Maharashtra Govt Acquires Historic Raghuji Sword for Rs 47 Lakh
The Maharashtra government has made a significant historical acquisition by purchasing the historic Raghuji Sword for Rs 47 lakh. Chief Minister Devendra Fadnavis announced this milestone, emphasizing the cultural and historical importance of the artifact.