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Satish Nandgaonkar
Articles by Satish Nandgaonkar

Panel set up to expedite height clearances from aviation ministry

Civil aviation minister Jyotiraditya Scindia forms joint group to expedite height clearance permissions for Mumbai developers, addresses delays in appeal process.

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Updated on Feb 28, 2024 08:02 AM IST

Relief to home buyer: Palais Royale builder told to maintain status quo

MREAT directs Palais Royale developer in Mumbai to maintain status quo on a home buyer's flat, grants injunction against creating third-party rights.

Relief to homebuyer: Palais Royale builder in Mumbai told to maintain status quo
Updated on Feb 27, 2024 07:50 AM IST
By, Mumbai

Nirmala Sitharaman inaugurates BITS Pilani in Kalyan

Referring to the latest budget announcement, where ₹1 lakh crore was allocated for a special purpose vehicle dedicated to funding research and development activities, she stated that this funding is intended to support research initiatives, including those in the private sector

Sitharaman was speaking at the inauguration of a 60-acre permanent Mumbai campus set up by BITS Pilani in Kalyan, which will house a School of Management, a law school and a school of design.
Updated on Feb 25, 2024 08:10 AM IST

SRK’s daughter Suhana Khan buys 78,000 sq ft plot in Alibaug for 9.50 crore

On June 1, 2023, Suhana purchased 1.5-acre agricultural land along with 2,218 sq ft of structures on the plot for 12.91 crore. The land was purchased from three sisters Anjali, Rekha and Priya Khot, who inherited the land from their parents

Bollywood actor Shah Rukh Khan (2nd L) with his family both son Aryan, AbRam, daughter Suhana and wife Gauri Khan attend the premiere of Netflix's Indian Hindi-Language teen musical comedy film ‘The Archies’ in Mumbai on December 5, 2023. (Photo by SUJIT JAISWAL / AFP) (AFP)
Updated on Feb 24, 2024 07:36 AM IST

BMC chief delegated SRA power to rehouse PAPs

UD modifies regulations to delegate rehab powers for slums on public land to BMC commissioner, relieving slum dwellers in Thane cluster development project.

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Updated on Feb 24, 2024 07:20 AM IST

Adani Realty wins bid to redevelop 24-acre plot at Bandra Reclamation

Adani Realty has emerged as the highest bidder for the redevelopment of a 24-acre plot in Mumbai, beating Larsen & Toubro. Adani offered a revenue share of 22.7%, compared to L&T's 18%. The final decision will be made by the Maharashtra State Road Development Corporation (MSRDC) board next week. The land parcel has a potential development area of 45 lakh square feet and is valued at around INR30,000 crore ($4.1bn). Adani won a mandate in November 2022 to redevelop Dharavi, Asia's largest slum cluster, with a bid of INR5,069 crore.

Mumbai, India - Feb. 16, 2024: Adani group has won the bid for 24 acre Bandra reclamation plot in Mumbai, India, on Friday, February 16, 2024. (Photo by Satish Bate/ Hindustan Times) (Hindustan Times)
Updated on Feb 17, 2024 07:36 AM IST
By, Mumbai

Adani Realty secures 24-acre Bandra Reclamation Redevelopment project

Adani Realty outbid L&T to grab the 24-acre Bandra Reclamation Redevelopment close to the Bandra-Worli Sea Link.

Adani Realty gets 24-acre Bandra Reclamation Redevelopment(MINT_PRINT)
Updated on Feb 16, 2024 02:12 PM IST

Thane police register NC against pet clinic employees for animal abuse

A non-cognisable offence has been registered against two employees of Vetic pet clinic in Manpada after a video went viral showing one of them repeatedly punching a dog in the clinic

Thane police register NC against pet clinic employees for animal abuse
Updated on Feb 14, 2024 04:30 PM IST

Bank to auction 5 properties of Wadhwani bros

Properties belonging to Amit and Vicky Wadhwani, who are being investigated for cheating, will be auctioned by the Mumbai District Central Co-operative Bank for recovery dues of ₹84.42 crore. The properties include commercial units and flats, with the auction scheduled for February 22.

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Updated on Feb 13, 2024 07:28 AM IST

Maharashtra govt's instalment scheme for SRA land premium extended by 3 years

Private developers in Maharashtra will be allowed to pay the premium cost in three instalments with the facility now extended until September 30, 2025

Maharashtra's housing department has extended the instalment facility for payment of land premium for Slum Rehabilitation Authority projects by another three years. (Picture for representational purpose only) (BACHCHAN KUMAR/HT PHOTO)
Updated on Feb 12, 2024 01:40 PM IST

Hudco in talks to fund 40k crore worth projects in Maharashtra

HUDCO is in talks with various infrastructure bodies of the Maharashtra government for funding infrastructure and road projects worth ₹30-40,000 crore.

Hudco in talks to fund <span class='webrupee'>₹</span>40k crore worth projects in Maharashtra
Updated on Feb 11, 2024 05:30 AM IST

72 hours and counting: No power at Worli SRA

Residents of seven SRA buildings in Mumbai have been struggling after their power supply was cut off, leaving them without elevators and impacting their water supply. The lack of electricity is due to unpaid accumulated power, water, and property tax bills. The residents are demanding that the developer, Omkar Realtors and Developers, pay their outstanding dues, which amount to INR 95.23 lakh ($132,000). The power supply was temporarily restored after residents sought help from the guardian minister.

72 hours and counting: No power at Worli SRA
Updated on Feb 08, 2024 08:02 AM IST

MahaRERA unveils framework to regulate senior citizen housing

The primary reason why the model guidelines were drafted was feedback received by the Authority that several developers were wrongly advertising their real estate projects as “retirement homes”, misleading prospective buyers. The authority also learnt that several of these projects were not designed keeping in mind the requirements of senior citizens

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Updated on Feb 07, 2024 02:24 PM IST

Thane to get New York-inspired central park

“Thane has around 80 plus developed parks and this is the largest of them,” said deputy municipal commissioner Mitali Sancheti

Thane, India - February ,05, 2024: The Thane Municipal Corporation has constructed a Grand Central Park at kolshet road in Thane on 20 acres of land and it will soon be open to the citizens ,in Thane, in Mumbai, India, on, Monday, February ,05, 2024. ( Praful Gangurde / HT Photo )
Updated on Feb 06, 2024 07:08 AM IST

MahaRERA extends completion dates for three housing projects

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has granted extensions to the completion dates of three housing projects, including Rustomjee Group’s Rustomjee Crown Phase 1 in Prabhadevi, Rustomjee Summit in Borivali East, and Raunak Group’s Unnati Woods Phase VIII

MahaRERA extends completion dates for three housing projects
Updated on Feb 05, 2024 07:28 AM IST

Height curbs near defence bases may be imposed again

The Supreme Court has modified a Bombay High Court order, allowing height restrictions on constructions around defence installations to be reinstated. The order comes after the HC had quashed four circulars issued by the defence ministry in this regard. The apex court directed naval authorities to issue a no objection certificate (NOC) to Dolby Builders Private Limited within one month for the redevelopment of a bungalow near an Indian Navy missile battery base. Parties affected by the circulars are still permitted to challenge them independently.

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Updated on Feb 02, 2024 06:56 AM IST
By, Mumbai

UD moots FSI hike, premium concessions to boost BKC plot sales

The urban development department in Mumbai has proposed an increase in floor space index (FSI) and additional built-up area with premium concessions for commercial and residential users in certain blocks of the Bandra Kurla Complex (BKC). The move is expected to boost development in these blocks. Citizens have one month to send their suggestions or objections to the proposed modifications.

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Updated on Jan 31, 2024 07:18 AM IST

Court orders action against seven for cheating, forging will to transfer Bandra villa

A metropolitan magistrate in Mumbai has taken cognisance of cheating and forgery offences and issued summons to seven accused persons, including a doctor, for allegedly forging a will to transfer a prime property worth ₹600 crore ($81 million). The order came on a private complaint filed by a social activist against the accused. The magistrate held that the disputed will was "not genuine" and there was enough material to infer cheating and forgery. The accused have been booked under various sections of the Indian Penal Code.

Mumbai, India. Jan 29,2024 - Marine Manor, an old bungalow at Mount Mary in Bandra, Mumbai bequeathed by the owner to the Archdiocese of Mumbai for charity purposes, has been at the centre of a legal dispute after a second will emerged The execution of the disputed will has been stayed by the High Court. Jan 29,2024. (Photo by Raju Shinde/HT Photo)
Updated on Jan 30, 2024 08:06 AM IST
By, Mumbai

Sunteck Realty to launch luxury projects in Mumbai with a GDV of 3000 crore

Though Sunteck Realty did not disclose the exact size of the land, industry sources said the two projects will come up on a cumulative land parcel of 1.5 acres

Sunteck Realty Limited, said on January 29 that it will develop two luxury housing projects in Mumbai's Nepean Sea Road in South Mumbai and Bullock Road, Bandstand in Bandra (West). (Picture for representational purpose only)(Pixabay)
Published on Jan 29, 2024 09:10 PM IST

Real estate inventory worth 350 crore sold at CREDAI-MCHI expo

Over 500 properties by MMR developers were showcased at the expo, and home buyers could book homes without paying the 6% stamp duty and registration charges

The CREDAI-MCHI team, in front of the e-registration section at the 31st CREDAI MCHI expo held in Mumbai Metropolitan Region..
Published on Jan 29, 2024 08:06 PM IST

NGT admits plea seeking IIMP for Mumbai “island”, seeks MoEFCC response

The tribunal has sought responses from the National and Maharashtra Coastal Zone Management Authorities too

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Published on Jan 24, 2024 05:29 PM IST

Pay no stamp duty if you book a flat at the CREDAI-MCHI property expo in Mumbai

‘Zero is our Hero’ is the theme of the three-day property expo being organized by CREDAI-MCHI; The expo begins on Republic Day

Home buyers will be able to book homes with zero registration and stamp duty during the three-day property expo organized by CREDAI-MCHI, the apex body of developers representing over 1,800 members in Mumbai.
Published on Jan 23, 2024 10:15 PM IST

Kolte-Patil acquires two redevelopment projects in Mumbai Metropolitan Region

The two acquired projects are located in Dahisar and Versova. This has taken the company's footprint in MMR to a total of 15 housing projects.

Pune-based listed developer Kolte-Patil Developers Limited has signed two new society redevelopment projects in the western suburbs of Mumbai. (Picture for representational purpose only)
Published on Jan 23, 2024 06:50 PM IST

Rustomjee Group bags redevelopment project in Malad with GDV of 1200 crore

Rustomjee Group has been selected as the developer for the redevelopment of two housing societies in Mumbai, with an expected GDV of Rs. 1200 crore.

Rustomjee Group bags redevelopment project in Malad with GDV of <span class='webrupee'>₹</span>1200 crore
Updated on Jan 23, 2024 05:30 AM IST

Industrial & Logistics leasing in MMR touches high of 9.9 mn sq ft: report

Third-party logistics (3PL) players drove leasing in MMR with a share of about 73 percent, followed by engineering & manufacturing (16 percent) and retail firms (10 percent) in the MMR region in 2023. Bhiwandi emerged as the front runner in space occupancy.

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Updated on Jan 22, 2024 07:42 AM IST

Halan family buys 8 flats in Mahalaxmi for 104 crore

According to the registration documents, four couples from the family have each purchased two flats on a single floor bearing carpet area of 2,259 sq ft and 1,740 sq ft, respectively

Halan family buys 8 flats in Mahalaxmi for <span class='webrupee'>₹</span>104 crore
Updated on Jan 20, 2024 08:26 AM IST

Ram Temple consecration event: Amitabh Bachchan buys plot for home in Ayodhya

Calling it a “milestone moment” for his company, HoABL chairman said they were thrilled to welcome Amitabh Bachchan as the “first citizen” of The Sarayu.

Amitabh Bachchan has purchased a plot in The Sarayu, a 7-star mixed-use enclave in Ayodhya by Mumbai-based developer The House of Abhinandan Lodha (HoABL).
Updated on Jan 15, 2024 07:07 AM IST

Thackeray invites President for Nashik temple pooja, taunts BJP over Ayodhya

Thackeray said that when Somnath temple was reconstructed, the then President, Dr Rajendra Prasad, was an honoured guest at the ‘pranpratisthapana’ ceremony

Kalyan India - January 13 2024 Pics : 20240104_KYN_ Pic Udhav Thakreray in kalyan for loksabha Saturday.Photo by Pramod Tambe. Thursday January 13 2024 . Pramod Tambe/HT. in India 13 2024 (Photo by Pramod Tambe )
Updated on Jan 14, 2024 01:40 AM IST

Maison Sia founder Vratika Gupta buys luxe home in Worli for 116 crore

Vratika Gupta, founder of luxury home decor store Maison Sia, buys a ₹116.42 crore apartment in Mumbai's Oberoi Three Sixty West.

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Updated on Jan 13, 2024 07:32 AM IST

2023 sees highest ever housing project completions in Maharashtra in six years

MahaRERA has also issued a fresh circular stating that each housing project on a piece of land should only possess one registration number.

MahaRERA, the real estate regulator of Maharashtra, has put in place a three-tiered scrutiny process which ensures that real estate developers disclose legal disputes and litigations on land ownership, encumbrances on the projects, legal title reports,(HT File / Representative Photo)
Published on Jan 12, 2024 09:39 AM IST
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