Maharashtra Allocates Rs 170 Billion For Key Land Acquisitions
The Maharashtra government will release Rs 170 billion to speed up land purchases for nine major Maharashtra State Road Development Corporation schemes, including expressways and multimodal corridors. Chief Minister Devendra Fadnavis has ordered that all priority acquisitions finish by end-2025 to curb delays and cost overruns.Acquisition for the Pune Ring Road and the Jalna–Nanded Expressway is nearing completion, while surveys are under way for the Virar–Alibaug multimodal corridor, the Shaktipeeth (Golden Triangle) Expressway, new Vidarbha highways and the Navgaon–Morgaon and Vadhwanâ..
Maharashtra Drafts Rules Easing Co-op Housing Society Governance
Maharashtra housing societies, draft rules, interest rate cut, redevelopment loans, virtual AGMs, provisional members, sinking fund, maintenance charges, cooperative governance, Mumbai Metropolitan RegionBody Text:The Maharashtra government has released draft regulations that aim to simplify cooperative-housing governance while reducing members’ costs and limiting official intervention.Key proposals include cutting the annual interest on overdue member payments from twenty-one per cent to twelve per cent and permitting societies to borrow up to ten times the land value to finance self-redeve..
Housing Sales Drop 19 Per Cent Across Nine Cities In Q2
Housing sales in India’s nine largest property markets are projected to fall by at least 19 per cent year on year in April–June 2025, with new launches expected to contract by 30 per cent, according to PropEquity.Mumbai and Thane lead the slideMumbai: Sales down 34 per cent to 8,006 units; new supply down 61 per cent to 4,949 units.Thane: Sales also down 34 per cent; supply down 58 per cent.Mixed fortunes elsewhereOf the nine cities analysed, sales declined in seven. Only Delhi-NCR and Chennai defied the trend, posting rises of 16 per cent and 9 per cent respectively. On supply, six cities..
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