The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued a circular that developers have to register with its approved Self-Regulatory Organisations (SRO) before applying for MahaRERA registration for residential projects. The decision will be enforced from December 1, 2019. Being the SRO, CREDAI-Maharashtra has urged builders to register with it. The process has been made online and easy...
An investor, who is looking to buy a property and lease it out, should approach the process with a lot of forethought, to get optimal returns and avoid a serious financial setback from a wrongly-chosen property. Here’s what you should consider, when looking for an income-generating property From the initial choice, to finalising the purchase of your first rental property as an investment,...
Union Shipping and Ports Minister, Nitin Gadkari has said that 24 companies have offered to invest over Rs 60,000 crores in a special economic zone, adjoining the country’s largest container port JNPT Twenty-four companies have already offered to come and set up ventures in the JNPT special economic zone (SEZ) to use it for exports, Union Shipping and Ports Minister, Nitin Gadkari said, at a seminar on...
The Maharashtra government has agreed to convert 2,140 hectares of the Navi Mumbai SEZ, into an ‘integrated industrial area’, paving the way for 15 per cent of the leased land to be used for residential purposes The Maharashtra government has given an in-principle approval, to convert 2,140 hectares of the Navi Mumbai Special Economic Zone (NMSEZ) into an ‘integrated industrial area’. The...
With progress being made on the long overdue Navi Mumbai Airport, is this the time right to buy property? We look at the suburbs that are likely to derive maximum benefit Suburbs that will benefit Dronagiri, a node that is situated to the south of JNPT, will be a hotspot for port-related realty, feels Rajesh Prajapati, MD of Prajapati Constructions. “Ulwe and parts of Panvel will benefit...
Ulwe may promise excellent returns on property investment but the region continues to be plagued by infrastructure issues. Is it worth buying a home here? We examine Ashsih Gupte and his colleagues thought that they had taken the best decision of their lives four years ago, when they invested in a project in Ulwe. The developer told them that their investment would double in five years. However, they are...
The real estate market in India has ample options for homebuyers in every nook and corner of the country. And, one such area is Ulwe in Navi Mumbai. An emerging location, it is best suited for people from the mid-income group. Under the jurisdiction of the City and Industrial Development Corporation of Maharashtra Limited (CIDCO), property prices in Ulwe are expected to rise because of the employment...
The first pier of the ambitious Mumbai Trans Harbour Link (MTHL) was built at Sewri on Saturday. The project, which is being executed by the Mumbai Metropolitan Region Development Authority (MMRDA), will reduce the time taken to travel between Mumbai and Navi Mumbai to 25 minutes. The 21.8-km-long MTHL will be a six-lane tolled road and include a 16.5-km bridge across the creek. An MMRDA spokesperson said...
Since industry bodies are largely seen as working in the interest of developers, there is trust deficit among other stakeholders SROs will have no judicial powers over the developers Topics MahaRera | SRO | Homebuyers The Maharashtra Real Estate Regulatory Authority (MahaRera) has asked all developers who want to log their projects with it to register themselves with a real estate...
