The Practising Engineers, Architects and Town Planners Association (PEATA) has urged the government to allow offices of architects, licensed surveyors, plumbers, engineers and other private consultants related to the construction industry to function at 50% capacity. Architect Harshad More said... Read more...
Sunil Furde, CREDAI Maharashtra, New President The safety of construction workers has always been a priority for CREDAI. Hence looking at the second wave of Corona, CREDAI will soon launch a special vaccination campaign for construction workers. Under this, CREDAI-Maharashtra aims to provide Covi... Read more...
Maharashtra Government has not extended the stamp duty cut beyond March 31 and therefore 5% stamp duty will be applicable from April 1 again in the state. This was announced by Revenue Minister Balasaheb Thorat after Chief Minister Uddhav Thackeray signed the file. ‘’With a view to revive the... Read more...
Karnataka, which saw the highest Foreign Direct Investment in the country during lockdown months, ended 2020 with Rs 61,174 crore, of which over Rs 37,000 crore came in the last six months. According to data accessed from the ministry of commerce and industry’s Department for Promotion of Industry... Read more...
At a time, when the real estate market is in the throes of the pandemic, Cidco will offer what might be a bonanza for those in search of bungalow plots, row houses and for large developers over the next one year. The planning agency plans to auction 1,000 plots over the next 12 months. Cidco ha... Read more...
Over 10,000 housing units were registered in Mumbai in February this year, almost the same number as January 2021 on the back of the stamp duty cut by the Maharashtra government. On August 26, the Maharashtra government decided to temporarily reduce stamp duty on housing units from 5 percent to 2... Read more...
The state government is unlikely to extend the stamp duty waiver of 2% beyond March because of revenue losses. Maharashtra revenue minister Balasaheb Thorat said “There has been a good response over these five months and it reflected in the tally of the state registration department. The maximum r... Read more...
Maharashtra government’s decision to reduce real estate premium by half is expected to generate economic activity worth Rs 10 lakh crore in MMR, real estate industry body Credai MCHI has said. CREDAI MCHI also estimates that the premium reduction will help residential real estate new launches m... Read more...
In a landmark ruling, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has refused to differentiate between an investor in a housing project and a homebuyer and has directed a developer to honour contractual obligations. The ruling is expected to set a precedent for all such matters ar... Read more...
As the Maharashtra Government offered more information on the implementation of the newly approved real estate stimulus, the State Urban Department clarified that concessions offered by the previous government, such as for premiums until August 2021 in Mumbai, will remain applicable. This move is... Read more...