The Maharashtra government has introduced stricter guidelines for the allocation of funds from the Member of Legislative Assembly (MLA) Local Area Development (MLALAD) scheme, specifically for housing societies. These new rules aim to ensure transparency
Mla FundHousing SocietiesTransparencyAccountabilityMaharashtra GovernmentReal Estate PuneMar 07, 2025
The MLALAD (Member of Legislative Assembly Local Area Development) scheme is a government initiative that allows MLAs to allocate funds for development projects in their respective constituencies.
The new rules were introduced to enhance transparency and accountability in the allocation and utilization of MLALAD funds, addressing concerns about mismanagement and inefficiency.
The committee is responsible for identifying projects that require funding, overseeing the implementation of these projects, and submitting regular reports to local authorities.
No, MLALAD funds cannot be used for projects that have already been completed or are in the final stages of completion.
The new rules mandate that all transactions related to MLALAD fund allocation and utilization be recorded and documented, and these records must be made available for public scrutiny upon request.
A brutal attack on a real estate employee in Lucknow's Vibhutikhand area has left the victim fighting for his life. The incident occurred over a minor dispute, which escalated into a violent confrontation.
IIM Mumbai is set to undergo a major infrastructure overhaul with a budget of Rs 800 crore. The revamp plan includes the construction of new academic buildings, research centers, and residential accommodations.
Girish Goenka, CFO at Piramal Realty, discusses the growing trend towards larger homes and the company's focus on luxury gated communities with essential amenities.
Pune's Metro Phase 2 is reshaping the real estate market, particularly in areas like Kharadi, Viman Nagar, and other peripheral regions, as property values soar.
In a landmark real estate transaction, Gramercy Info Park Private Limited, a subsidiary of Panchshil Realty, has acquired a substantial industrial land parcel in Navi Mumbai for ₹615 crore. This acquisition is set to boost the region's industrial and infr
New Delhi, India - The commercial real estate (CRE) sector in India is undergoing a significant transformation, with a growing emphasis on sustainability and the adoption of green workspaces. This trend is driven by both corporate responsibility and the i