

MHADA Revises Premium and Payment Rules for Redevelopment
The Maharashtra Housing and Area Development Authority (MHADA) has revised its 2007 redevelopment policy to make the redevelopment of ageing housing societies in Mumbai financially sustainable.The key change involves recalibrating premium charges for commercial floor space in projects under Regulation 33(5) of DCPR 2034. The new formula links premium rates to land value, market rate, and proposed usage, replacing the earlier rule that charged 1.5 times the residential rate for commercial areas.Developers’ body CREDAI-MCHI had sought parity between residential and commercial rates to encourag..

Delhi-NCR Records Highest 24% Rise in Housing Prices
Delhi-NCR’s primary housing market witnessed a 24 per cent year-on-year rise in average prices during the July–September quarter, driven by sustained demand for luxury homes, according to data from real estate consultancy Anarock.Average residential prices in the region increased to Rs 8,900 per sq ft from Rs 7,200 per sq ft a year ago. Among India’s top seven cities, Delhi-NCR saw the sharpest price appreciation, followed by Bengaluru (10 per cent) and Hyderabad (8 per cent).Developers attribute the rise to new infrastructure projects such as the Dwarka Expressway and Noida Internationa..

Bihar CM Launches Rs 12.42 Bn Projects in Nalanda
Bihar Chief Minister Nitish Kumar has inaugurated and laid the foundation stone for 48 development projects worth Rs 1,242 crore in Nalanda district. The projects, announced during the Pragati Yatra, aim to boost infrastructure and enhance public welfare in Rajgir.Addressing a gathering, Nitish Kumar highlighted increased benefits under social welfare schemes, including raising pensions for senior citizens, widows, and differently-abled individuals from Rs 400 to Rs 1,100 per month. Daily allowances for home guards and honoraria for Anganwadi workers, school night watchmen, and ASHA workers ha..