Air Marshal Narmdeshwar Tiwari Appointed Vice Chief of the Air Staff

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..

DLF To Enter Mumbai With Rs 25 Billion Luxury Housing Project

DLF Ltd, India’s largest real estate developer, is set to make its debut in Mumbai’s residential market with a luxury housing project valued at around Rs 25 billion. The project is expected to launch within the next two weeks.The first phase will include over 400 premium homes, marking DLF’s formal entry into the city’s competitive housing segment.According to sources, DLF has received all necessary regulatory approvals for the development, which is being undertaken in collaboration with Delhi-based Trident Realty.This strategic move strengthens DLF’s footprint beyond the National Ca..