Tag: Maharashtra

IndustryLatest Stories

Runwal Enterprises buys 200 acres in Alibaug for ₹20,000 crore

Here’s a revised version of the content: — Representative AI image Real estate developer Runwal Enterprises has secured a 200-acre land parcel in the coastal town of Alibaug, situated near Mumbai. This acquisition is part of a ₹20,000 crore integrated township project authorized under the Maharashtra Regional and Town Planning (MR&TP) Act of 1966, which regulates large-scale and mixed-use developments in the region. Led by Subodh Runwal, the firm aims to roll out a project that incorporates both residential and commercial facets. Plans include a five-star hotel and social amenities like a golf course, subject to compliance with planning regulations…

Latest StoriesResidential

Beed leads Maharashtra’s rural housing drive: 50,000+ families move in

CHHATRAPATI SAMBHAJINAGAR: Beed has risen to prominence as Maharashtra’s top district in executing the rural housing scheme endorsed by both state and central governments. More than 50,000 families have moved into their new homes between January and the end of October. To inspire further participation, beneficiaries who completed their homes ahead of schedule were honored. During the focused three to four-month campaign, nearly ₹1,000 crore was deposited directly into the beneficiaries’ bank accounts. This initiative has set a new standard for rural housing implementation within the state. According to available data, 36,643 houses were completed under PMAYG, 3,882 under the…

IndustryLatest Stories

Maharashtra Assembly Eases Land Subdivision Rules for 3 Crore Residents

NAGPUR: On Tuesday, the Maharashtra Legislative Assembly approved an amendment bill aimed at simplifying the subdivision of small land plots in urban areas. The government claims this legislation will benefit approximately three crore residents. The Maharashtra Land Revenue Code (Second Amendment) Bill, 2025, introduced by Revenue Minister Chandrashekhar Bawankule, was passed following a debate in the lower house. This legislative change is expected to help around 60 lakh families, or about three crore residents, residing on small ‘gunthewari’ plots (unauthorized divisions of agricultural land for residential use) in urban settings. With this amendment, the processes of buying and selling small…

Latest StoriesResidential

All-Party Support for Housing Societies’ Land Policy Revamp

PUNE: Revenue Minister Chandrashekhar Bawankule has gained all-party consensus for a significant overhaul of the stalled redevelopment policy for housing societies on government land. The proposal will be submitted to the cabinet for final approval, following which a government resolution (GR) will be issued to implement the new framework, an official informed TOI on Friday. Once approved, the policy is expected to benefit approximately 3,000 housing societies on government land. Pravin Darekar, chairman of the Maharashtra Housing Cluster/Self-Redevelopment Authority, urged the state to establish a clear, time-sensitive process specifically for societies on government land. He highlighted that countless residents are…

IndustryLatest Stories

Maharashtra approves free regularization for small plot deals

NAGPUR: On Tuesday, the Maharashtra government approved a significant reform to regularize thousands of small land transactions that previously violated the state’s fragmentation law. This initiative aims to provide long-awaited legal recognition to holdings that have remained uncertain for decades. The revenue department has introduced a new operating framework allowing these plots to be regularized without incurring any fees, benefiting nearly 60 lakh property owners. Previously, individuals seeking regularization were required to pay a penalty of 25% of the land’s current market value, which was later reduced to 5%. However, participation remained low. Officials noted that waiving all fees aims…

IndustryLatest Stories

Maharashtra Panel Approves Kamathipura Redevelopment Bid

Representative Image MUMBAI: The High Powered Committee of the state government has approved the Kamathipura Redevelopment Project. Mhada, acting as the nodal agency, has invited bids for this redevelopment under the Construction and Development Agency model. According to a Mhada survey, there are 800 old and dilapidated buildings in Kamathipura across 34 acres. Many of these structures are over a century old and beyond repair. Most of the properties, which are privately owned, are only 50 sq meters in size, making it financially unfeasible for landlords to initiate redevelopment. Consequently, the state has tasked Mhada’s Repair and Reconstruction Board with…

Latest StoriesRegulatory

Maharashtra Eases Land Rules Restricted by Fragmentation Act

NAGPUR: The Maharashtra government has taken a significant step in land reform by officially regularizing numerous land parcels previously constrained under the Fragmentation and Consolidation of Holdings Act, 1947. This change is expected to benefit nearly 20 million citizens. Revenue Minister Chandrashekhar Bawankule announced the implementation of this long-awaited amendment following the issuance of a government gazette notification on Tuesday. Describing it as a momentous and citizen-focused reform, Bawankule stated, “Approximately 4.9 million landholders—representing around 20 million family members—will now have their names officially listed on 7/12 land extracts. This decision resolves decades of confusion and challenges posed by antiquated…

IndustryLatest Stories

Maharashtra Revamps Rules for Redevelopment Projects

MUMBAI: The Maharashtra government has announced proposed amendments to the Development Control and Promotion Regulations (DCPR) 2034 for Greater Mumbai, aimed at enhancing the feasibility and financial viability of redevelopment schemes under the Maharashtra Housing and Area Development Authority (MHADA). The proposal comes after MHADA approached the state government, requesting modifications to existing provisions to bolster the viability of its redevelopment projects. Currently, Regulation 31(3) permits builders to receive extra ‘fungible’ construction area, exempt from premium charges, based solely on the existing built-up area of a project. The government intends to expand this benefit to include the rehabilitation area, allowing…

IndustryLatest Stories

NA Tax Scrapping Awaits GR; Pune Societies Get Notices

PUNE: Nearly a year after the state cabinet’s decision to abolish the non-agricultural (NA) tax in urban areas, housing societies are still awaiting an official government resolution (GR) to confirm the tax exemption. Several societies in Pune and Mumbai have received NA tax notices, leading some to pay the dues to avoid potential administrative actions. The NA tax, rooted in colonial times, is levied on properties built on agricultural land converted for non-agricultural use within municipal limits, excluding gaothan (village) areas. The cabinet’s decision to abolish this tax was made last October, but the law and judiciary department has delayed…

InfrastructureLatest Stories

Maharashtra Approves Pune Civic Body’s Draft Plan for Merged Areas

PUNE: Nearly eight years after its declaration, the draft development plan for the merged areas under Pune Municipal Corporation (PMC) has been approved by the state government. The notification, published on Friday, invites public suggestions and objections for the next 60 days. Civic officials stated that under Section 23(1) of the Maharashtra Regional and Town Planning Act, 1966, PMC expressed its intention to prepare a draft development plan on June 28, 2018. The proposal to merge 34 villages was ratified by PMC in 2013-14, with eleven areas incorporated into its jurisdiction in 2017. Among these, nine were partially merged, while…