Tag: Maharashtra

IndustryLatest Stories

Revamping Maharashtra’s Housing Policy for Urban Growth

The Maharashtra government’s new housing policy aims to create a comprehensive statewide land bank of mapped, geo-tagged, and digitally linked government-owned plots. This initiative is anticipated to resolve existing supply issues and enhance the availability of affordable housing across various income brackets, positively impacting urban growth and infrastructure investment throughout the state. Included in this policy is the establishment of the State Housing Information Portal (SHIP), a centralized digital platform designed to consolidate information regarding housing demand, land availability, and project implementation. For the first time, input from municipal corporations, planning bodies such as the Maharashtra Housing and Area Development…

IndustryLatest Stories

Maharashtra to Implement Favorable Real Estate Policies

NEW DELHI: Maharashtra is committed to developing infrastructure-related policies, including housing initiatives that adapt to evolving needs, as stated by Meghana Sakore Bordikar, Maharashtra’s Minister of State. She made these remarks during the Naredco 17th National Convention in Delhi. Niranjan Hiranandani, Chairman of Naredco, stressed that the housing and real estate sectors must expand at a minimum rate of 15% annually if India aims to achieve developed-nation status before the 2047 target year. Bordikar did not confirm any plans regarding the reduction of stamp duty in Maharashtra. She noted that while no immediate commitments can be made in that area,…

IndustryLatest Stories

Maharashtra to Set Discounted Property Tax Rate This Week

PUNE: The state government and Pune Municipal Corporation (PMC) officials are set to meet on Wednesday to finalize the future approach regarding property tax implementation at discounted rates in 32 merged areas. Residents from these merged areas are requesting that the state impose property taxes at reduced rates, arguing that the PMC has levied heavy taxes following the integration of these regions into municipal limits. Last year, the state government directed the PMC to levy “twice the property tax rate charged by the grampanchayat before the merger,” in response to citizen demands. However, PMC officials stated they could not comply…

Latest StoriesRera

Linking Property Registration with MahaRERA to Combat Fraud

Representative image created by AI PUNE: The state registration department is set to merge its property registration site with the MahaRERA portal to prevent fraudulent property transactions. This proposal will be discussed in an upcoming meeting with government agency representatives. Senior officials confirmed on Tuesday that this integration will allow sub-registrars to verify project RERA registration numbers in real-time prior to completing any transaction. “We have received approval for this process, which will be initiated following consultations. This move will verify project approvals and title statuses, ensuring that developers are RERA-registered before any property registration,” an official stated. Developer associations…

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Maharashtra’s Intra-District Property Registrations Top 60,000

PUNE: The state government’s initiative allowing citizens to register property at any sub-registrar office within their district has surpassed 60,000 registrations since its launch on May 1, officials reported on Tuesday. However, plans for inter-district registration are unlikely to materialize until next year. “There are technical and legal challenges that need to be resolved before implementing this statewide system. Stakeholders have expressed concerns, and significant changes are required in the software. Therefore, it won’t be possible to roll it out before next year,” said a senior official from the state registration department. A total of 60,694 documents have been processed…

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Maharashtra CM Questions Rising Mumbai Housing Prices Despite Concessions

Devendra Fadnavis MUMBAI: Chief Minister Devendra Fadnavis expressed his concerns on Thursday regarding the rising prices of flats in Mumbai, despite various concessions offered to the real estate sector, including reduced premiums. At a meeting with CREDAI-MCHI, Fadnavis stated, “Over the past decade, we have made every effort to make housing more affordable based on your requests. However, despite these measures, housing prices have continued to climb. We believed that projects like the coastal road and Atal Setu would lead to lower prices, but instead, prices have soared.” While acknowledging that increasing housing prices can positively impact the economy, Fadnavis…

InfrastructureLatest Stories

Maharashtra CM Advocates Housing Near Metro Terminals

NAGPUR: Chief Minister Devendra Fadnavis, while reviewing 30 key infrastructure projects across the state on Monday, advocated for housing initiatives near Metro corridor terminals to optimize land use and improve last-mile connectivity in urban planning. “Housing colonies should be developed next to Metro endpoints to truly leverage our transport infrastructure,” Fadnavis stated during a meeting at the state secretariat. “We have both the technology and resources. These projects should be completed within three years,” he emphasized. The meeting, part of an ongoing series in the Chief Minister’s War Room, involved top bureaucrats and district-level officials via videoconference. This was the…

IndustryLatest Stories

Maharashtra: Experts Warn on Darekar Panel’s Self-Redevelopment Report

PUNE: Housing activists have voiced serious concerns regarding the recommendations from the Pravin Darekar committee on self-redevelopment, stating that the new proposals undermine key benefits established in the state government’s 2019 government resolution (GR) and create new challenges for middle-class homeowners. Housing expert Chandrashekhar Prabhu noted that the committee’s report could strip vital incentives for housing societies, complicating the process for residents. “The 2019 GR offered a 10% increase in FSI as a significant incentive, while the Darekar committee has only recommended a 10% increase in carpet area—offering no real advantage to housing societies,” he explained. According to activists, one…

Latest StoriesRegulatory

FIRs Launched to Combat Illegal Sand Mining in Maharashtra

PUNE: The state government has instructed district collectors and police commissioners to register FIRs and take strict criminal action against individuals engaged in unauthorized excavation, transport, and use of sand or other minor minerals. On July 17, the revenue and forest departments issued a circular that empowers officials to prosecute offenders under various laws, including the Maharashtra Land Revenue Code of 1966, the Bharatiya Nyaya Sanhita (BNS) of 2023, the Environment Protection Act of 1986, the Mines and Minerals (Development and Regulation) Act of 1957, and the Prevention of Damage to Public Property Act. The circular also states that any…