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.
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.
Updated on Feb 27, 2024 07:50 AM IST
Satish Nandgaonkar, 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
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
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.
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.
Updated on Feb 17, 2024 07:36 AM IST
Satish Nandgaonkar, 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.
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
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.
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
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.
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.
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
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
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
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.
Updated on Feb 02, 2024 06:56 AM IST
Satish Nandgaonkar, 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.
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.
Updated on Jan 30, 2024 08:06 AM IST
Satish Nandgaonkar, 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
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
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
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
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.
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.
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.
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
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.
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
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.
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.
Published on Jan 12, 2024 09:39 AM IST