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Thane imposes strict limits on construction transport in Yeoor Hills

Representative image created by AI THANE: The Thane Municipal Corporation has implemented a ban on the transport of construction materials in the environmentally sensitive area of Yeoor Hills, officials reported on Sunday. The decision came during a review meeting led by Municipal Commissioner Saurabh Rao on Friday. “Yeoor is an environmentally sensitive area. No construction material may enter Yeoor without a valid construction permit issued by the Thane Municipal Corporation’s Urban Development Department,” an official release stated. Those possessing authorized construction permits must register their details with the forest department’s entrance post. This includes a copy of the permit, the…

Home loans surge nearly 4x to ₹37 lakh crore by March 2025

NEW DELHI: According to the Economic Survey 2025-26, housing finance has seen a significant expansion, with outstanding individual home loans increasing nearly fourfold to ₹37 lakh crore by the end of March 2025. The share of home loans in relation to GDP grew from 8% in 2015 to 11% in 2024-25, indicating robust growth in this sector. Post-COVID, housing sales have surged, further driving demand for home loans. The report states, “The ‘real estate and ownership of dwellings’ sector has contributed approximately 7% to annual GVA on average over the past decade, underscoring its critical role in services-led growth and…

MahaRERA Orders Builder to Compensate ₹5 Lakh for Agony

MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRera) has ordered a builder to compensate an Oshiwara flat buyer with Rs 5 lakh, in light of the mental distress endured by the owner, who was promised possession in 2016. This decision comes in addition to previously directed interest payments. The complainant, Mohammed Sayyed Noorul Hassan, who has been dealing with chronic health issues, highlighted the costs he has incurred due to ongoing house rentals over the years. Hassan, represented by advocate Godfrey Pimenta, purchased a flat for Rs 41.7 lakh in the Gaurav Legend project at Oshiwara, Andheri West, in 2013,…