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Maharashtra realtors seek extension of development fee concessions

Maharashtra realtors seek extension of development fee concessions
Synopsis
In the state’s capital of Mumbai, the country’s biggest property market, on an average more than one-third of any real estate project’s cost goes towards 22 premiums the highest anywhere in India.
Real estate developers have approached the Maharashtra government seeking to extend the current benefits of reduced development cess and premium until the end of 2021, in the backdrop of the disruption caused by the second wave of the Covid-19 pandemic.
The state government, following representations from the Brihanmumbai Developers Association (BDA) and subsequent reports from the municipal commissioner and the chief executive of the ....

Brihanmumbai Developers Association , ப்ரிஹுன்மும்பை டெவலப்பர்கள் சங்கம் ,

Maharashtra govt allows flexible payment of slum rehabilitation project premiums

Maharashtra govt allows flexible payment of slum rehabilitation project premiums
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Synopsis
The civic body already allows developers to pay charges in instalments. The change in norm is expected to provide relief to realty developers in terms of managing their liquidity and will help in avoiding the delays in completing the project due to financial issues.
Agencies
Real estate projects involving redevelopment and rehabilitation are the mainstay of the property market in the country’s commercial capital as the land-starved city has very few vacant land parcels, and most of the development is undertaken through these projects.
Real estate developers executing slum rehabilitation projects in Mumbai, the country’s biggest property market, will now be allowed to pay premiums or levies to the Slum Rehabilitation Authority (SRA) for such projects through instalments. ....

Harrish Kumar Jain , Eknath Shinde , Brihanmumbai Developers Association , Slum Rehabilitation Authority , Municipal Corporation Of Greater Mumbai , Development Corporation , Municipal Corporation , Greater Mumbai , Maharashtra State Road Development Corporation , Brihanmumbai Developers , Mumbai Metropolitan Region , Real Estate Developers , Slum Rehabilitation Project , ப்ரிஹுன்மும்பை டெவலப்பர்கள் சங்கம் , சேரி புனர்வாழ்வு அதிகாரம் , நகராட்சி நிறுவனம் ஆஃப் அதிகமானது மும்பை , வளர்ச்சி நிறுவனம் , நகராட்சி நிறுவனம் , அதிகமானது மும்பை , மகாராஷ்டிரா நிலை சாலை வளர்ச்சி நிறுவனம் , ப்ரிஹுன்மும்பை டெவலப்பர்கள் , மும்பை பெருநகர பகுதி , ரியல் எஸ்டேட் டெவலப்பர்கள் , சேரி புனர்வாழ்வு ப்ராஜெக்ட் ,

Redevelopment of Mumbai's old buildings hits Covid wall

Redevelopment of Mumbai s old buildings hits Covid wall
The delay in the process of redevelopment projects, however, will still prove to be a key issue restricting the supply of housing and impacting the pricing, too.
Synopsis
These housing societies, which operate under the Maharashtra Co-Operative Societies Act 1960, are allowed to conduct managing committee meetings that usually deal with day-to-day administration of societies in both physical and virtual mode. The provision for virtual management committee meetings was introduced in April 2020, following the announcement of the lockdown by the government.
The ongoing Covid-19 pandemic has posed a major challenge to the redevelopment of old and dilapidated buildings in Mumbai, as housing societies in Maharashtra are not allowed to hold general or special general body meetings that enable important decisions. ....

Maharashtra Co , Maharashtra Co Operative Societies Act , Special General Body Meetings , Navi Mumbai , Mumbais Old Buildings , Housing Societies , Deepak Parekh , Brihanmumbai Developers Association , மகாராஷ்டிரா இணை , மகாராஷ்டிரா இணை செயல்பாட்டு சமூகங்கள் நாடகம் , சிறப்பு ஜநரல் உடல் கூட்டங்கள் , நவி மும்பை , மும்பைச் பழையது கட்டிடங்கள் , வீட்டுவசதி சமூகங்கள் , தீபக் பரேக் , ப்ரிஹுன்மும்பை டெவலப்பர்கள் சங்கம் ,