Maharashtra no longer needs to approve MHADA redevelopment projects
Real Estate

Maharashtra no longer needs to approve MHADA redevelopment projects

Redevelopment projects sanctioned by the Maharashtra Housing and Area Development Authority (MHADA) will no longer require approval from the housing department, overturning yet another judgement of the Maha Vikas Aghadi (MVA). In response to the Patra Chawl Redevelopment Scam,...

Redevelopment projects sanctioned by the Maharashtra Housing and Area Development Authority (MHADA) will no longer require approval from the housing department, overturning yet another judgement of the Maha Vikas Aghadi (MVA). In response to the Patra Chawl Redevelopment Scam, the MVA issued a circular in March 2019 requiring housing department authorisation for all MHADA projects. Currently, the government is granted both administrative and approving authority. For development projects to be completed quickly, decentralisation of these authorities is necessary

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Real Estate

MHADA sets policy for sale of vacant flats

The Maharashtra Housing and Area Development Authority (MHADA), state government's housing body, has set a policy for the sale of its unsold 11,184 apartments across various divisional circles. The policy has been set following the recommendation of a committee that was constituted to review and study the issue.

Basis the new policy, MHADA?s Vice Chairman & Chief Executive Officer Sanjeev Jaiswal has directed the divisional boards of the housing body to take immediate action for the sale of vacant flats. As per the policy specifications laid down by the authority, the divisional boards..

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Real Estate

MHADA sets policy for 11,184 flats sale across divisions

The Maharashtra Housing and Area Development Authority (MHADA), the state government's housing body, has established a policy for the sale of its unsold 11,184 apartments across various divisional circles.

It was informed that the policy had been set based on the recommendation of a committee that had been constituted to review and study the issue.

In accordance with the new policy, Sanjeev Jaiswal, MHADA?s Vice Chairman & Chief Executive Officer, directed the divisional boards of the housing body to take immediate action for the sale of vacant flats.

As per the specifi..

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Real Estate

Malabar Hill bungalow to be demolished for luxury apartments

The legislative body plans to demolish Ajantha bungalow in the upscale Malabar Hill area to make way for the construction of 12 luxurious sea-view apartments. Six of these apartments will serve as residences for prominent figures, including the speaker and deputy speaker of the assembly, the chairperson and deputy chairperson of the council, and the leaders of the opposition from both Houses. The remaining six apartments may be used as guest houses for visiting dignitaries from other states.

The new building will feature additional amenities such as an auditorium and a state-of-th..

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Real Estate

DLF Launches Luxury Project in Gurugram

DLF, India's leading real estate developer, has unveiled an ambitious luxury housing project in Gurugram, valued at ?2.5 billion. Located in Sectors 76 and 77, the DLF Privana project spans over 116 acres and includes high-rise apartments offering spectacular views of the Aravalli Range.

The latest phase, DLF Privana West, features 795 luxury apartments which sold out within three days of launch, generating around ?550 million. This follows the success of DLF Privana South, which sold 1,113 units for approximately ?720 million earlier in the year. These developments highlight the stron..

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Real Estate

Migsun Group Plans Rs 5 Bn Investment in Greater Noida Projects

Migsun Group, a prominent real estate developer, has unveiled plans to invest Rs 500 crore in four new projects located in Greater Noida. This initiative is part of the company's strategic efforts to enhance its presence and contribute to the burgeoning real estate sector in the region.

The investment will be directed towards the development of residential and commercial properties, aimed at meeting the increasing demand for quality real estate in Greater Noida. These projects are expected to not only expand Migsun Group's portfolio but also generate employment opportunities and stimul..

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