Tag: Maharashtra

IndustryLatest Stories

TDR for Reserved Land Amenities in Nashik City

NASHIK: The Nashik Municipal Corporation (NMC) is set to permit landowners to develop amenities on reserved land in exchange for Transfer of Development Rights (TDR). This initiative aims to enhance the creation of public facilities while compensating property owners. Under this proposal, landowners who develop amenities on their reserved plots can receive TDR, contingent upon securing approval from the planning authority. This measure aligns with the Unified Development Control Promotions and Regulations (DCPR), a statewide policy enacted by the Maharashtra government in December 2020. To manage this process, the civic body’s general body has recently approved the establishment of a…

Latest StoriesRera

MahaRERA Initiates Statewide Verification of Developer OCs

Certainly! Here’s a rewritten version of the content you provided: PUNE: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has launched a statewide verification process for 2,600 Occupancy Certificates (OCs) submitted by developers through its official portal. These certificates are being sent to the relevant planning authorities for validation to prevent any potential discrepancies or forgeries, as reported by officials on Saturday. This initiative follows the repercussions of the Dombivli scam, where developers allegedly utilized falsified approvals to construct illegal buildings across numerous projects. This crackdown is a direct consequence of the 2022 Kalyan-Dombivli Municipal Corporation (KDMC) scandal, which involved 65…

Latest StoriesResidential

Maharashtra CM to Inaugurate BDD Flats in Worli on July 21

Representative image created by AI MUMBAI: Chief Minister Devendra Fadnavis is set to distribute keys for the first batch of BDD flats in Worli on July 21, shortly after the conclusion of the legislative session. Plans for a function have been made where the CM will hand over several keys. Milind Borikar, Chief Officer of the Mumbai Board at Mhada, stated that 556 flats, each with a carpet area of 500 sq ft, will be allocated in this initial phase. “By the end of the year, we anticipate receiving 3,989 flats across three sites,” Borikar added. While preparing to hand…

Latest StoriesRera

Only 30% of MahaRERA Recovery Warrants Executed; ₹527 Crore Pending

PUNE: The progress of MahaRERA in executing recovery warrants has been sluggish, with only 31% of cases resolved. Although the state government has instructed that these cases be handled within three months, officials informed TOI that merely Rs 233 crore has been recovered from the Rs 760 crore due in 1,212 cases across Maharashtra. This slow progress contradicts the revenue minister Chandrakant Bawankule’s promise during the state budget session, where he highlighted the need for faster execution of MahaRERA’s recovery warrant orders to clear the backlog within three months. The recovery warrants are issued under Section 40(1) of the Real…

IndustryLatest Stories

Maharashtra to Legalize Subdivided Land by Jan 1, 2025

Representative image created by AI MUMBAI: The Maharashtra government is set to give legal recognition to subdivided land parcels until January 1, 2025, by easing and eventually eliminating the existing land fragmentation law, according to Revenue Minister Chandrashekhar Bawankule, who spoke to the legislative assembly on Wednesday. Bawankule mentioned that more than 50 lakh families face challenges due to land fragmentation rules. He stated that plots measuring up to one guntha (approximately 1,089 sq ft) created before January 2025 will be legalized, allowing citizens to secure official property rights. However, any plots subdivided after January will need to comply with…

IndustryLatest Stories

Maharashtra’s ‘One State, One Registration’ Scheme Delayed

PUNE: The “one state one registration” initiative, which aims to allow citizens to register property documents at any sub-registrar office in the state, is expected to encounter delays due to various legal, technical, and administrative challenges, according to senior officials. Ravindra Binwade, the inspector general of registration, informed TOI that while the concept is sound, several issues are still under evaluation. “The implementation of the one state one registration scheme might take longer than anticipated, as we need to address aspects such as jurisdiction in fraud cases and document verification,” he stated. This initiative is part of the state government’s…

InfrastructureLatest Stories

No separate body for merged areas, says Maharashtra minister

PUNE: On Thursday, State Industries Minister Uday Samant stated that there is “no immediate plan” to establish a separate municipal corporation for newly merged areas, as the state government is allocating funds for their development. Samant emphasized that the Pune Municipal Corporation (PMC) is providing sufficient funds for the development of these regions. The drafting of a development plan for the 23 merged areas is currently in progress, with approximately Rs 250 crore assigned for water supply projects and Rs 130 crore allocated for drainage works. PMC has also committed Rs 160 crore towards road development. “The government is dedicated…

Latest StoriesResidential

Maharashtra to Hike Rent for Tenants in Cessed Buildings

AI-generated Representative Image MUMBAI: The state government announced on Thursday an increase in monthly rent for tenants residing in dangerously dilapidated cessed buildings in Mumbai from Rs 20,000 to Rs 30,000 while alternative accommodations are provided during reconstruction. Additionally, the government will revoke the no objection certificate (NoC) of developers who have failed to initiate the redevelopment of these cessed buildings under Development Control Regulation 33(7). The assurances were made by the Minister of State for Urban Development, Pankaj Bhoyar, during the state assembly session. “The government will seek clarification from developers and will revoke notices for those who haven’t…

Latest StoriesResidential

Maharashtra Minister: No Zudpi Jungle Homes to Be Demolished

File Photo NAGPUR: Maharashtra’s revenue minister, Chandrashekhar Bawankule, stated that no homes built on shrubland forest (zudpi jungle) areas, which have been taxed by local bodies, will be demolished. He emphasized the importance of this for the dignity and survival of nearly 200,000 families, especially in Vidarbha. Bawankule chaired a meeting at Mantralaya to tackle this ongoing issue, warning revenue and forest department officials against delays in the regularization of these homes. “These individuals have lived on these lands for generations. Gram panchayats and relevant authorities acknowledge their presence, taxes have been collected, and their names appear in the 8A…

Latest StoriesRera

MahaRERA Updates Project Certificate Format for Homebuyers

PUNE: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has updated its project registration certificates to better inform homebuyers and promote transparency. These revised certificates now present key project information in a clear and concise format. For the first time, the certificate issued during project registration will include essential details such as total built-up area, the number and names of buildings and wings, approved habitable floors, as well as the status of commencement certificates and total parking spaces available for vehicles. These crucial details, including the promoter’s and project’s name and address, are now formatted in bullet points for improved readability,…