Articles by Satish Nandgaonkar
Adanis, with ₹5,069 crore bid, set to redevelop Dharavi
The redevelopment of 240 hectares of prime Mumbai land is one of the country’s largest urban renewal projects, and has long been in the works
Updated on Nov 30, 2022 05:39 PM IST
Satish Nandgaonkar
MahaRERA revokes registration of 15 more projects in KDMC
Mumbai: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has cancelled the registration of 15 more projects in the jurisdiction of the Kalyan-Dombivli Municipal Corporation (KDMC)
Published on Nov 29, 2022 12:23 AM IST
Satish Nandgaonkar
Homebuyers look to NCLT to revive stalled HDIL projects
MUMBAI: Dr Haresh Manglani, an orthopaedic who runs a hospital in Mulund, booked a flat in HDIL’s Whispering Towers project in Mulund West, so that his ageing parents could enjoy a good life in a gated community
Published on Nov 25, 2022 11:51 PM IST
Satish Nandgaonkar
HC seeks MahaRERA reply on 1.5 yr delay in hearing complaint
Mumbai The Bombay high court has sought a reply from Maharashtra Real Estate Regulatory Authority (MahaRERA) regarding a homebuyer’s plea that the housing regulator has not taken up her complaint for hearing for the last one and half years
Published on Nov 24, 2022 12:35 AM IST
Satish Nandgaonkar
MMR goes green, sees rise in green buildings this year
Mumbai: Environment-friendly green buildings in Mumbai Metropolitan Region (MMR) have seen a sharp rise since 2019 with 15 new buildings obtaining Leadership in Energy and Environmental Design (LEED) certification, and 48,89,993 sq ft of gross floor area receiving the certification this year (over the last 10 months), according to a research report by international property consultants, Knight Frank India
Published on Nov 23, 2022 12:19 AM IST
Satish Nandgaonkar
Worli high rise owners granted interest on delayed possession
Mumbai The Maharashtra Real Estate Regulatory Authority (MahaRERA) has allowed Omkar Realtors and Developers 12-month extension on the possession date in addition to the one-year Covid period moratorium and directed the developer to pay interest on delayed possession for a flat in Omkar 1973 Worli from July 1, 2021 till actual possession
Published on Nov 19, 2022 12:39 AM IST
Satish Nandgaonkar
Adani, DLF, Naman Group in the race for Dharavi redevelopment
Mumbai: Some of the leading real estate companies led by Adani Group, Delhi-based DLF Group, and city-based Naman Group have submitted bids for the ₹20,000-crore Dharavi redevelopment project, rekindling hopes that Asia’s largest slum cluster could finally get a makeover
Published on Nov 17, 2022 12:47 AM IST
Satish Nandgaonkar
Adani group gets Project BKC, 3 others get 4 projects in HDIL insolvency resolution
The resolution plans were submitted on November 11, and the resolution professional Abhay Manudhane disclosed this information in statutory disclosures to the stock exchanges the same day.
Published on Nov 16, 2022 12:55 AM IST
Satish Nandgaonkar
Govt receives three bids for Dharavi redevelopment
The Slum Rehabilitation Authority (SRA) had floated the tender for the redevelopment of the area, known for its large slum clusters, on October 1.
Updated on Nov 16, 2022 12:29 AM IST
Satish Nandgaonkar & Yogesh Naik
Buyers can seek refund if builder skips possession dates: Tribunal
Mumbai: Setting aside an order by the MahaRERA chairperson, the Maharashtra Real Estate Appellate Tribunal (MREAT) observed that the developers continued to skip mentioning the date of possession of flats in their allotment letters given to home buyers even two years after RERA came into place
Updated on Nov 16, 2022 12:19 AM IST
Satish Nandgaonkar
Registration of 49 projects revoked for unfair trade practices
Shoulder: Kalyan MahaRERA scam Strap: Housing regulator freezes bank accounts; urges civic authorities to upload CC, OC on dedicated portals to protect buyers In a suo moto action, the state housing regulator, the Maharashtra Real Estate Regulatory Authority (MahaRERA), has revoked the registration of 49 projects being probed in Kalyan RERA scam for allegedly submitting fake commencement certificates for “unfair trade practices”, and directed that their designated bank accounts associated with the projects be frozen
Published on Nov 11, 2022 12:34 AM IST
Satish Nandgaonkar
Marketing unregistered project: Complaint filed against Adani Realty
Mumbai: Leading consumer rights protection body Mumbai Grahak Panchayat (MGP) has lodged a complaint with housing regulator MahaRERA against Adani Realty for allegedly advertising and marketing a luxury housing project on Andheri RTO land without obtaining the mandatory MahaRERA registration
Updated on Nov 04, 2022 04:13 PM IST
Satish Nandgaonkar
Spike in Island city real estate sales
MUMBAI: The Island city in Mumbai Metropolitan Region (MMR) showed a spectacular growth in real estate sales, although Panvel, Thane and the far western suburbs beyond Dahisar showed a decline in the July-September quarter of 2022-23, in line with a slight slowdown in the sales momentum across eight Tier-1 cities, the quarterly report by Liases Foras, the independent non-broking real estate research firm released on Monday
Published on Nov 01, 2022 12:47 AM IST
Satish Nandgaonkar
SRA projects to be included CRZ II areas
The Bombay high court, ruled last week that the CRZ 2019 notification does not specifically exclude Slum Rehabilitation Authority’s (SRA) projects from CRZ II and clarified a policy issue that government agencies had been grappling with while entertaining slum schemes in CRZ II areas
Published on Oct 29, 2022 12:22 AM IST
Satish Nandgaonkar
Dharavi dreams: What lies beneath the makeover
The first government resolution (GR) for Dharavi’s redevelopment was issued in early 2004 by the Sushil Kumar Shinde-led government.
Published on Oct 25, 2022 12:41 AM IST
Satish Nandgaonkar
Mapping post-Covid office rentals: Action shifts to eastern, central suburbs
There has been a continuous exodus of corporates from CBD Mumbai to other commercial hubs in the city. Traditionally, due to the ease of railway connectivity with Nariman Point, many stock brokers, chartered accountants, lawyers and consultants preferred offices in CBD
Published on Oct 06, 2022 11:54 PM IST
Satish Nandgaonkar
CCPA orders probe into Veena World’s cancelled tours during pandemic
The Central Consumer Protection Authority (CCPA) has ordered an investigation into leading travel company Veena World’s cancellation of packaged tours during the pandemic
Published on Sep 29, 2022 01:03 AM IST
Satish Nandgaonkar
Change of guard in state brings back self-redevelopment projects
Last week the Mumbai District Central Cooperative Bank sanctioned ₹88 crore to six cooperative housing societies for self-redevelopment
Published on Sep 23, 2022 12:02 AM IST
Satish Nandgaonkar
Sea change for Worli Sea Face
Mumbai: Worli Sea Face’s skyline is all set to get a makeover in the next few years
Updated on Sep 05, 2022 05:46 PM IST
Satish Nandgaonkar
5 years on, Ghatkopar’s Siddhi Sai residents soldier on for reprieve
Victims of the house collapse are caught up in bureaucratic and legal rigmaroles while seeking redressal
Published on Aug 23, 2022 12:26 AM IST
Satish Nandgaonkar
Fortunes of hundreds of middle-income families are linked to Raut’s case
Hundreds of families have their lifesavings stuck in this tangled mess of a housing project which is now at the centre of the arrest of Shiv Sena MP Sanjay Raut.
Updated on Aug 02, 2022 05:10 PM IST
Anjana Vaswani and Satish Nandgaonkar