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...
Shishir Baijal, Chairman and Managing Director, Knight Frank India After the recommendations of the Parekh Committee the cut of 50% on premiums on real estate project will help the supply side to stabilise make development in the state more feasible. New supply has been restrictive due to many ... Read more...
To boost real estate sector hit by the coronavirus pandemic, Maharashtra government decided to reduce all premiums related to the sector by 50%. It will be applicable till 31 December, 2021. All projects which want to avail of the premium concession will have to pay full stamp duty for the customers... Read more...
Maharashtra Government has reduced stamp duty on lease agreements of immovable property applicable for 29 and more years to 2% from 5% in Mumbai till December 31 and it will be 3% from January 1 to March 31. This is on the lines of stamp duty reduction which was introduced in two tranches from Septe... Read more...
From existing 15 meter, the state government has increased the height to 24 meter for all buildings requiring fire no-objection-certificate (NOC) and mandatory installation of fire safety systems. For non-residential structures, the norm has been revised from existing 150 sq mt built up area to 500 ... Read more...
The Maharashtra government will slash construction premiums and levies by 50 per cent till December 31, 2021. The announcement, expected at the next cabinet meeting, is expected to give a boost to the real estate sector. The state has already reduced stamp duty from 5 per cent to 2 per cent, wh... Read more...
Odisha has topped all Indian states in urban governance, according to an annual index prepared by a non-partisan body that called for greater reforms and empowerment of city governments. Nagaland ranked at the bottom. Maharashtra, Chhattisgarh, Kerala and Madhya Pradesh followed Odisha to round u... Read more...
Pradeep Aggarwal, Co-founder & Chairman, Signature Global and Chairman, National Council on Affordable Housing, ASSOCHAM The year 2020 started with much hope as real estate sector was sailing through; the predictions for the year were encouraging with many pegging it at growing leaps and boun... Read more...
Maharashtra government has now unveiled Unified Development Control and Promotion Regulations (UDCPR) across the state which is expected to boost real estate activity across the state. UDCPR will be applicable across the state except in places such as Mumbai and other special planning authorities li... Read more...