News / Author / Satish Nandgaonkar

Satish Nandgaonkar

Articles by Satish Nandgaonkar

MahaRERA notice yields results: 700 ongoing projects completed

Mumbai: After serving notices to more than 19,000 promoters, MahaRERA’s monitoring cell has learnt that nearly 700 ongoing housing projects have been completed and another 705 lapsed projects have applied for re-registration

The realty boom has brought health clubs, BPOs and private banks to Dindoshi - Mumbai Suburb Skyline - Highrise Buildings - Developed area around Goregaon Filmcity Road Goregaon - HT PHOTO BY PUNEET CHANDHOK 18/08/09 - AUG09 2K9

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Published on Feb 19, 2023 11:31 PM IST

BySatish Nandgaonkar

ATS busts illegal telephone exchange in Bhiwandi

Mumbai: The State Anti-Terrorism Squad has busted an illegal telephone exchange operating in Bhiwandi and arrested the operator

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Published on Feb 19, 2023 12:33 AM IST

BySatish Nandgaonkar

Godrej buys Raj Kapoor’s iconic bungalow in Chembur for ₹100 crore

The fresh acquisition adjoins RK Films and Studios, spread across 2.2 acres, which the company bought from the Kapoors in May 2019, for an estimated price between ₹180-200 crore.

On Friday, the bungalow’s deed of conveyance was signed by the late filmmaker’s oldest son, Randhir Kapoor, daughter Reema Jain, grandchildren Nitasha Nanda and Nikhil Nanda, and late Rishi Kapoor’s wife Neetu Rishi Kapoor, according to documents accessed by Zapkey.com, the aggregator of publicly available property registration documents. (Praful Gangurde/HT Photo)

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Published on Feb 18, 2023 01:31 AM IST

BySatish Nandgaonkar

MahaRERA kicks off first training camp for real estate agents

Mumbai: In a first, Maharashtra Real Estate Regulatory Authority (MahaRERA) in collaboration with the developer’s apex body, National Real Estate Development Council (NAREDCO) on Wednesday launched a training programme, commencing the process of certification of about 37,000 real estate agents

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Published on Feb 16, 2023 02:32 AM IST

BySatish Nandgaonkar

MahaRERA asks real estate agents to submit half-yearly reports

The Maharashtra Real Estate Regulatory Authority (MahaRERA) on Tuesday issued directives to real estate agents to mandatorily submit half-yearly reports of their transactions to bring transparency and accountability

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Published on Feb 15, 2023 01:47 AM IST

BySatish Nandgaonkar

Patra Chawl project: Homebuyers contemplate moving HC after MHADA remains non-committal

Borikar refused to give clear timelines to the homebuyers from Ekta Tripolis, Kalpataru Radiance and The Luxor projects, stuck without an Occupancy Certificate (OC), as to when they will receive the possession of their homes. They have been waiting for close to 10 years

In February 2022, NCP chief Sharad Pawar and the then chief minister Uddhav Thackeray had performed the ceremony for completing the rehab component. Homebuyers from all three projects have staged protests at MHADA, and at project sites after the GR was issued. The tenants have also taken out morcha to MHADA over no finalisation of an agreement with MHADA or exact rent they will be paid. (HT PHOTO)

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Published on Feb 14, 2023 01:58 AM IST

BySatish Nandgaonkar

MahaRERA urged to prevent builders from taking advance maintenance charges

Mumbai: Leading consumer body Mumbai Grahak Panchayat has written a letter to Maharashtra Real Estate Regulatory Authority (MahaRERA) chairperson Ajoy Mehta, seeking directions to promoters to stop collecting advance maintenance charges for one or two years from homebuyers and ensure formation of cooperative housing societies after more than 50% buyers book flats in a project

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Updated on Feb 14, 2023 01:18 AM IST

BySatish Nandgaonkar

Lok Adalat compensates ₹1.25 cr to accident victim

Mumbai: The announcement was made at the National Lok Adalat held before the Motor Accident Claims Tribunal on Saturday.

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Updated on Feb 12, 2023 11:17 AM IST

BySatish Nandgaonkar

Welspun chairman buys penthouse in Worli for ₹230 crore

The transaction came days after D Mart owner Radhakishan Damani, his immediate family and close associates purchased 28 units in a bulk deal for a total of ₹1,238 crore in the same project

Welspun Group chairman BK Goenka has purchased a penthouse in Oberoi Realty’s luxury project Three Sixty West at Worli for <span class='webrupee'>₹</span>230 crore, making it the second biggest transaction of 2023 in the city. The penthouse on the 63rd floor in Tower B is spread across a carpet area of 29,885 sq ft. (Hindustan Times Media)

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Published on Feb 11, 2023 01:19 AM IST

BySatish Nandgaonkar

George Lucas-founded ILM comes to Mumbai, starts talent hunt for 400

This will be the sixth such studio for the San Francisco-headquartered ILM after Singapore, Vancouver, London and Sydney in its global expansion of operations.

ILM’s footprint in India is indicative of how the Indian talent pool of artistic and technically skilled visual effects professionals has grown and matured, said Prasad. “The gaming and OTT platforms received a huge boost during the lockdown period and demand for good content has grown exponentially. The government has also acknowledged the growing talent pool and unveiled a draft policy to support our industry,” she said. (Getty images)

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Published on Feb 11, 2023 12:47 AM IST

BySatish Nandgaonkar

Helsinki to Mumbai: 8.20 hrs; time taken to exit the airport: 4 hrs

Fliers have repeatedly voiced their angst on social media since February 1, tagging the airport and civil aviation minister Jyotiraditya Scindia, which seem to have fallen on deaf ears.

Adnan Chara, who arrived on Feb 7, posted photos of the chaos and tweeted: “Only two hours for immigration at Mumbai airport!!!! Freshly back from few of world’s busiest cities and it’s a pity seeing such gross mismanagement and disrespect to visitors, especially when 7 desks had no officers.” (HT PHOTO)

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Updated on Feb 10, 2023 06:16 AM IST

BySatish Nandgaonkar

Repo rate hike: Developers watch cautiously, home buyers to pay more

RBI's sixth consecutive hike in repo rate on Wednesday has made the real estate industry cautious that it may hit the housing demand.

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Updated on Jun 08, 2023 10:51 AM IST

BySatish Nandgaonkar and Payal Gwalani, Mumbai

Cloud tech pioneer buys sea-facing apartment in Versova for ₹38 cr

Formerly called Mannat, Vartamaan is a favourite of Bollywood celebrities and is a luxury project developed by Bandra-based developer Samir Bhojwani.

Mumbai, India - February 07, 2023: Vartamaan building on Juhu Versova Link Road, at Andheri (West), in Mumbai, India, on Tuesday, February 07, 2023. (Photo by Vijay Bate/HT Photo) (HT PHOTO)

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Published on Feb 08, 2023 12:42 AM IST

BySatish Nandgaonkar

Cluster scheme not binding, aimed at betterment: TMC chief

Bangar said those living in buildings declared extremely dangerous (C-1) in the cluster zones will be allowed to choose between redeveloping their buildings through cluster development scheme or opting for self-development of their buildings.

Thane, India - February 06, 2023: Kisan Nagar, one of the areas to be developed under the Group Development (Cluster) Scheme, an ambitious scheme for redevelopment of slum and densely populated areas by Thane Municipal Corporation (TMC), in Thane, India, on Monday, February 06, 2023. (Praful Gangurde/HT Photo) (HT PHOTO)

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Published on Feb 07, 2023 12:34 AM IST

BySatish Nandgaonkar

Worli ‘distress sale’: Damani daughters among 28 buyers

In one of the first big ticket transactions after the union budget, D Mart owner Radhakishan Damani, his immediate family and close associates have purchased 28 units in a bulk deal at discounted rates in Oberoi Realty’s luxury project Three Sixty West at Worli for a total of ₹1,238 crore

Mumbai, India - Feb. 5, 2023: A view of the building Three Sixty West- Birla Aurora at Worli in Mumbai, India, on Sunday, February 5, 2023. (Photo by Satish Bate/ Hindustan Times) (Hindustan Times)

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Published on Feb 06, 2023 12:31 AM IST

BySatish Nandgaonkar

In Govandi, a colony of rehabilitated PAPs and slum-dwellers mounts its own arts festival

In the midst of the squalor, two spaces stand out like an oasis of colour and vibrancy: Kitab Mahal, a library, and the society’s office, both of which are currently rehearsal spaces for 45 young boys and girls, practising for the first edition of the Govandi Arts Festival to be held in the colony from February 15 to 19

Mumbai, India - February 04, 2023: Artists and talented youth boys and girls seen preparing for the 5-day Govandi Art Festival, which aims to create a ‘safe space’ in this neglected Mumbai suburb and highlight the talent of its youth, at Govandi, in Mumbai, India, on Saturday, February, 04, 2023. (Praful Gangurde/HT Photo) (HT PHOTO)

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Published on Feb 06, 2023 12:24 AM IST

BySatish Nandgaonkar

3 key Mumbai projects under scanner after Adani stumbles

The ₹23,000 crore Dharavi Redevelopment Project, the ₹16,700 crore Navi Mumbai International Airport and the power distribution license for Navi Mumbai all under renewed scrutiny following market rout

Navi Mumbai, India - February 7, 2018: Helipad being made for Prime Minister visit to inaugurate Navi Mumbai International Airport in Ulwe, Navi Mumbai, India, on Wednesday, February 7, 2018. (Photo by Bachchan Kumar/ Hindustan Times) (Hindustan Times)

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Updated on Feb 03, 2023 05:42 AM IST

BySurendra P Gangan, Yogesh Naik and Satish Nandgaonkar

₹100 crore recovered from builders after MahaRERA nudge

Mumbai: Over ₹100

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Published on Feb 03, 2023 12:54 AM IST

BySatish Nandgaonkar

‘Repay buyer as flat was not delivered as promised’

US-based home buyer Bijoya Laxmi Gantayat had filed an appeal against an order by then MahaRERA chairperson Gautam Chatterjee denying relief under section 18 of Real Estate (Regulation and Development) Act (RERA) stating that since no agreement for sale had been executed and registered between the two parties, the provisions of section 18 do not apply to the case.

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Published on Jan 30, 2023 12:43 AM IST

BySatish Nandgaonkar

Bank of Baroda takes part-possession of Nirmal Mall

Bank of Baroda (BoB) has taken part-possession of Nirmal Mall on LBS Road in Nahur after failing to repay a loan of ₹161.38 crore. In December, the bank had served a demand notice directing the mall and its managing director Dharmesh Jain to repay the borrowed sum within 60 days

Mumbai, India - January 27, 2023: Bank of Baroda puts up a notice about its Escrow account at its Nirmal Lifestyle branch, at Mulund, in Mumbai, India, on Friday, January 27, 2023. (Praful Gangurde/HT Photo) (HT PHOTO)

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Published on Jan 28, 2023 12:39 AM IST

ByYogesh Naik and Satish Nandgaonkar

MahaRERA grants refunds, interest for delayed possession to Minerva homebuyers

The Maharashtra Real Estate Regulatory Authority (MahaRERA) recently directed the promoters of Minerva project at Mahalaxmi to give full refunds with interest to two homebuyers and to pay interest for delayed possession to two others

Mumbai, India - January 25, 2023: A view of the unrestricted Minerva Towers, at Mahalaxmi, in Mumbai, India, on Wednesday, January 25, 2023. (Photo by Satish Bate/ Hindustan Times) (Satish Bate/HT PHOTO)

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Published on Jan 26, 2023 12:28 AM IST

BySatish Nandgaonkar, Mumbai

MCZMA mulls appealing against HC order on SRA projects

Mumbai: The Maharashtra Coastal Zone Management Authority (MCZMA) has decided to seek legal opinion from the advocate general of Maharashtra on how to interpret regulations, whether to grant 4

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Published on Jan 26, 2023 12:19 AM IST

BySatish Nandgaonkar

HC restrains Yokoso Sizzlers from using a trademark akin to Yoko Sizzlers

In an ad-interim relief, justice Manish Pitale granted the injunction sought by Yoko Sizzlers restraining Yokoso Sizzlers from using “the mark Yokoso Sizzlers or any other trademark identical with or deceptively similar” to the registered trademark of Yoko Sizzlers before adjourning the matter to February 24, 2023

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Published on Jan 24, 2023 12:48 AM IST

BySatish Nandgaonkar

MahaRERA denies relief to buyers stuck in stalled Santacruz project

The complainants said the construction of the Avenue 54 project by Sumer Radius Realty Private Ltd in Santacruz is incomplete and it is far from completion even on December 30, 2024. However, they failed to provide supporting documents specifying the details

According to the complainants, the Avenue 54 project has been stalled for a long time, and no work has been carried out in the last seven years due to the absence of necessary permissions and pending litigations and legal action under SARFAESI Act initiated by the financial institution. (Vijay Bate/HT Photo)

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Published on Jan 23, 2023 12:40 AM IST

BySatish Nandgaonkar

Listed developers foraying into new markets for growth: report

Most of the listed peers are targetting at least two new markets, apart from its home market, which will lead to a further pickup in their market share

Both Oberoi Realty and Godrej Properties Ltd have both added Gurugram as their new market. (HT PHOTO)

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Published on Jan 21, 2023 12:18 AM IST

BySatish Nandgaonkar

State, Berkshire Hathway HomeServices to develop 1,000-acre smart city near Navi Mumbai airport

Apart from this, the company will also develop a knowledge management system that will share best operational practices, offer information on trends in multiple sectoral services, and provide assistance in organising promotional conferences and roadshows

MoU signed by CM Eknath Shinde, and Shrey Aeren, Managing Director & Country Head, Berkshire Hathaway HomeServices Orenda India, in Davos. (HT Photo)

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Updated on Jan 25, 2023 06:11 PM IST

BySatish Nandgaonkar

Kartik Aaryan leases Juhu apartment from Shahid Kapoor

The property is spread over 3,681 sq ft on the ground floor and basement with two parking spaces in the compound. The lease terms indicated a 7% escalation in rent every year. Kartik Aaryan will be paying a monthly rent of ₹7.5 lakh in the first 12 months, ₹8.02 lakh in the second year and ₹8.58 lakh in the third year

New Delhi, India on 28 February, 2019: Indian Actor Kartik Aaryan during the promotions of his upcoming movie Luka Chuppi for Hindustan Times in New Delhi, India on 28 February, 2019. (Photo by Sarang Gupta/Hindustan Times)

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Published on Jan 19, 2023 12:33 AM IST

BySatish Nandgaonkar

MahaRERA seeks help from SROs to assess lapsed projects

In its first meeting with four Self Regulatory Organisations of developers, MahaRERA sought their assistance in assessing accurate information about over 5,000 lapsed real estate projects across the state

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Published on Jan 18, 2023 07:14 PM IST

BySatish Nandgaonkar

MahaRERA extends US Open project validity till March 2026

In a relief to more than 1,000 home buyers, the Maharashtra Real Estate Regulatory Authority (MahaRERA) recently extended the registration of the US Open project in Mulund (West) till March 31, 2026

In June 2019, the lenders of the project took charge under the SARFAESI Act, and handed over the project to Ricardo Construction Pvt. Ltd. Making Ricardo Construction the new promoter of the project, then MahaRERA chairperson Gautam Chatterjee asked the new promoter to obtain the pending approvals from the competent planning authority and start construction. (HT PHOTO)

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Updated on Jan 18, 2023 11:14 AM IST

BySatish Nandgaonkar

Real estate agents will have to appear for exams

Mumbai: Real estate agents, the intermediary between property seekers and owners in the state, will soon have to appear for exams and get a certificate in order to do their jobs

Mumbai, India - March 22, 2020: Deserted view of Elphinstone bridge during Janata Curfew in Mumbai, India, on Sunday, March 22, 2020. (Photo by Pratik Chorge/Hindustan Times) (Pratik Chorge/HT Photo)

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Published on Jan 12, 2023 01:08 AM IST

BySatish Nandgaonkar

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Satish Nandgaonkar

Mumbai: After serving notices to more than 19,000 promoters, MahaRERA’s monitoring cell has learnt that nearly 700 ongoing housing projects have been completed and another 705 lapsed projects have applied for re-registration

Mumbai: The State Anti-Terrorism Squad has busted an illegal telephone exchange operating in Bhiwandi and arrested the operator

The fresh acquisition adjoins RK Films and Studios, spread across 2.2 acres, which the company bought from the Kapoors in May 2019, for an estimated price between ₹180-200 crore.

Mumbai: In a first, Maharashtra Real Estate Regulatory Authority (MahaRERA) in collaboration with the developer’s apex body, National Real Estate Development Council (NAREDCO) on Wednesday launched a training programme, commencing the process of certification of about 37,000 real estate agents

The Maharashtra Real Estate Regulatory Authority (MahaRERA) on Tuesday issued directives to real estate agents to mandatorily submit half-yearly reports of their transactions to bring transparency and accountability

Borikar refused to give clear timelines to the homebuyers from Ekta Tripolis, Kalpataru Radiance and The Luxor projects, stuck without an Occupancy Certificate (OC), as to when they will receive the possession of their homes. They have been waiting for close to 10 years

Mumbai: The announcement was made at the National Lok Adalat held before the Motor Accident Claims Tribunal on Saturday.

The transaction came days after D Mart owner Radhakishan Damani, his immediate family and close associates purchased 28 units in a bulk deal for a total of ₹1,238 crore in the same project

This will be the sixth such studio for the San Francisco-headquartered ILM after Singapore, Vancouver, London and Sydney in its global expansion of operations.

Fliers have repeatedly voiced their angst on social media since February 1, tagging the airport and civil aviation minister Jyotiraditya Scindia, which seem to have fallen on deaf ears.

RBI's sixth consecutive hike in repo rate on Wednesday has made the real estate industry cautious that it may hit the housing demand.

Formerly called Mannat, Vartamaan is a favourite of Bollywood celebrities and is a luxury project developed by Bandra-based developer Samir Bhojwani.

Bangar said those living in buildings declared extremely dangerous (C-1) in the cluster zones will be allowed to choose between redeveloping their buildings through cluster development scheme or opting for self-development of their buildings.

In one of the first big ticket transactions after the union budget, D Mart owner Radhakishan Damani, his immediate family and close associates have purchased 28 units in a bulk deal at discounted rates in Oberoi Realty’s luxury project Three Sixty West at Worli for a total of ₹1,238 crore

The ₹23,000 crore Dharavi Redevelopment Project, the ₹16,700 crore Navi Mumbai International Airport and the power distribution license for Navi Mumbai all under renewed scrutiny following market rout

Mumbai: Over ₹100

Bank of Baroda (BoB) has taken part-possession of Nirmal Mall on LBS Road in Nahur after failing to repay a loan of ₹161.38 crore. In December, the bank had served a demand notice directing the mall and its managing director Dharmesh Jain to repay the borrowed sum within 60 days

The Maharashtra Real Estate Regulatory Authority (MahaRERA) recently directed the promoters of Minerva project at Mahalaxmi to give full refunds with interest to two homebuyers and to pay interest for delayed possession to two others

Mumbai: The Maharashtra Coastal Zone Management Authority (MCZMA) has decided to seek legal opinion from the advocate general of Maharashtra on how to interpret regulations, whether to grant 4

The complainants said the construction of the Avenue 54 project by Sumer Radius Realty Private Ltd in Santacruz is incomplete and it is far from completion even on December 30, 2024. However, they failed to provide supporting documents specifying the details

Most of the listed peers are targetting at least two new markets, apart from its home market, which will lead to a further pickup in their market share

Apart from this, the company will also develop a knowledge management system that will share best operational practices, offer information on trends in multiple sectoral services, and provide assistance in organising promotional conferences and roadshows

In its first meeting with four Self Regulatory Organisations of developers, MahaRERA sought their assistance in assessing accurate information about over 5,000 lapsed real estate projects across the state

In a relief to more than 1,000 home buyers, the Maharashtra Real Estate Regulatory Authority (MahaRERA) recently extended the registration of the US Open project in Mulund (West) till March 31, 2026

Mumbai: Real estate agents, the intermediary between property seekers and owners in the state, will soon have to appear for exams and get a certificate in order to do their jobs

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