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Satish Nandgaonkar

Articles by Satish Nandgaonkar

‘Mumbai’s rise in rankings a reflection of infra investments’

“As you drive up from the Mumbai airport into the city, it is extraordinary to see in Mumbai the amount of money being invested in infrastructure, the construction work that is going on. There is a huge amount of activity. It does feel really that things are moving. The rankings are a reflection of that,” said Beardmore-Gray, who last visited Mumbai in 2016 and briefly before the pandemic hit in 2019

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Published on Mar 20, 2023 12:39 AM IST

BySatish Nandgaonkar

Couple allegedly offloaded by Cathay Pacific for carrying breathing aid

Mumbai: Two passengers who were allegedly offloaded by Cathay Pacific on March 14 for carrying a portable breathing device have served a legal notice to the airline, claiming compensation and damages to tune of ₹55

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Updated on Mar 19, 2023 12:54 AM IST

BySatish Nandgaonkar

MHADA to link lease rent to ready reckoner rates

Mumbai: In a move that is likely to affect thousands of tenants paying nominal lease rent, the Maharashtra Housing and Area Development Authority (MHADA) has proposed to link lease rent on its plots to the ready reckoner (RR) rate of the locality concerned

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Published on Mar 18, 2023 12:50 AM IST

ByYogesh Naik and Satish Nandgaonkar

Apex Realty buys 2.77 acre land parcel in Taloja for ₹32.70 cr

With Taloja connected to both line 1 and 2 of Navi Mumbai metro, the Rohinjan village area is sought after by developers for new residential developments

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Updated on Mar 17, 2023 05:20 PM IST

BySatish Nandgaonkar

Niraj Bajaj buys triplex at Walkeshwar for ₹252.50 cr

Mumbai Industrialist Niraj Bajaj has bought an 18,000 square feet triplex at Walkeshwar for ₹252

Niraj Bajaj buys triplex at Walkeshwar for <span class='webrupee'>₹</span>252.50 cr

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Published on Mar 15, 2023 01:08 AM IST

BySatish Nandgaonkar

Housing dept simplifies the process of granting Annexure II to ineligible slum dwellers

Mumbai: In a relief to slum dwellers trying to be eligible for free tenements under the Slum Rehabilitation Authority schemes, the State Housing department has now simplified the process of granting certified copies of Annexure II to ineligible slum dwellers who want to move an appeal with the appellate authorities

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Published on Mar 14, 2023 12:48 AM IST

BySatish Nandgaonkar

Amazon leases over 8 lakh sq ft office space in Gurugram, Hyderabad

According to the documents signed between Amazon representatives and Nirmala George Estates Pvt Ltd, Amazon has leased the entire ground, plus 10 floors in Orange Towers totalling 5.50 lakh sq ft for a period of 60 months

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Updated on Mar 13, 2023 05:04 PM IST

BySatish Nandgaonkar

L&T sells three floors in Powai tech centre for ₹80.95 cr

The two parties agreed to pay the agreement value of ₹80.95 crore in a staggered manner. According to the terms of the agreement, ₹8.09 crore was paid in January 2023, ₹7.85 crore was paid in February, and the balance consideration of ₹65 crore was to be paid in March, as per the documents

Mumbai, India - March 11, 2023: A view of the L&T Technology Center IV Office, at Powai, in Mumbai, India, on Saturday, March 11, 2023. (Photo by Satish Bate/ Hindustan Times) (Satish Bate/HT PHOTO)

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Updated on Mar 12, 2023 11:17 AM IST

BySatish Nandgaonkar

BPCL detects leakage in fuel pipeline, local MLA calls for regular audit of sensitive pipeline

On the second consecutive day, the BPCL team continued to camp in the area and the police had cordoned off the entire area as the officials carried out digging the ground to detect any possible leakages in the highly sensitive pipeline.

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Published on Mar 12, 2023 12:13 AM IST

ByN K Gupta and Satish Nandgaonkar

Labdhi Lifestyle acquires Rajesh LifeSpaces’ stressed project in BKC

Mumbai: City-based developer Labdhi Lifestyle has acquired Rajesh LifeSpaces’ stressed project in Bandra Kurla Complex (BKC) through an agreement between the developers and project financiers Mirae Asset and J M Financial, the company said on Friday

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Published on Mar 11, 2023 12:36 AM IST

BySatish Nandgaonkar

BJP tide is rising today, may ebb tomorrow: Raj Thackeray

Thackeray was speaking at the 17th formation day of his party at Gadkari Rangayatan in Thane on Thursday evening.

Taking a dig at the political compulsions of the BJP and Eknath Shinde government stuck in a legal tangle and the delay in civic elections, Thackeray said “It feels as if I have flunked the SSC exams when the topic of civic elections comes up. (HT PHOTO)

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Published on Mar 10, 2023 01:51 AM IST

BySatish Nandgaonkar

Indian arm of Luxembourg-based firm buys Art Deco villa in S’crz for ₹86.51cr

The transaction between Picard Angst India directors and six legal heirs of Rozario family entails purchase of 11,395 sq ft of land and 4,005 sq ft of the built-up area of the bungalow along with two garages. The deal was registered on March 2, and the purchasers paid a stamp duty of ₹5.19 crore, according to documents accessed by IndexTap.com

Mumbai, India - March 09, 2023: A general view of Felstead Villa, at Santacruz, in Mumbai, India, on Thursday, March 09, 2023. (Photo by Vijay Bate/HT Photo) (HT PHOTO)

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Published on Mar 10, 2023 12:45 AM IST

BySatish Nandgaonkar

Govt steps in, ‘Shanti Upvan’ residents to get redeveloped building

The 250 families of ‘Shanti Upvan’, who became homeless overnight after cracks appeared in the building last week, got some relief on Wednesday when most of them were allowed to retrieve their belongings from their homes and were given an assurance by the developer that the building would be redeveloped

Kalyan, India - March 08, 2023: Residents of Shanti Upvan building collect their belongings and valuables as KDMC allows them on the fifth day after one of its five wings in the Lodha Heaven Complex developed visible cracks and parts of the base began caving in and they had to vacate the building, at Nilje, in Dombivli, India, on Wednesday, March 08, 2023. (Photo by Pramod Tambe/HT Photo) (HT PHOTO)

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Updated on Mar 09, 2023 01:11 AM IST

BySajana Nambiar and Satish Nandgaonkar

Pfizer sells leasehold rights of 54.89 acre plant for ₹178 crore

MumbaiPharma major Pfizer has sold the leasehold rights of its 54

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Published on Mar 08, 2023 04:27 PM IST

BySatish Nandgaonkar

Bombay HC allows senior citizen to create third party rights

The court also observed that since the gift deeds are cancelled and the senior citizen is in possession of the properties, the petitioners cannot create any embargo or restrain him from renting them out

The high court had recently announced the interim order (Representative file image)

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Published on Mar 08, 2023 10:41 AM IST

BySatish Nandgaonkar

Thackeray, Shinde factions face off over Shivai Nagar shakha

The two factions of the Shiv Sena came to another confrontation on Monday night after Eknath Shinde-led faction allegedly broke open the lock at Shivai Nagar shakha, sparking off a protest by the Uddhav Thackeray-led faction

Members of the Shiv Sena (UBT) and CM Eknath Shinde-led Shiv Sena engaged in a scuffle over establishing control of the shakha', at Shivai Nagar, in Thane, India, on Tuesday, March 07, 2023. (Praful Gangurde/HT PHOTO)

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Published on Mar 08, 2023 01:04 AM IST

BySatish Nandgaonkar

Deans of Kalwa hospital suspended after CM’s visit

The suspension came hours after Shinde completed a four-hour tour inaugurating several development and beautification works in Thane. During the visit to the Kalwa hospital, several resident doctors complained to the CM about the poor living conditions in their living quarters and the lack of hygienic food in the canteen

Thane, India - March 04, 2023: Maharashtra Chief Minister Eknath Shinde inaugurates Maternity Ward at Chhatrapati Shivaji Maharaj Hospital, in Thane, India, on Saturday, March 04, 2023. (Praful Gangurde/HT Photo) (HT PHOTO)

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Updated on Mar 05, 2023 12:41 AM IST

BySatish Nandgaonkar

HC lifts stay, paves way for new train station at Thane

Welcoming the decision, chief minister Eknath Shinde said that the high court’s decision would speed up the work, and a new station would reduce the burden of commuter footfalls on Thane and Mulund railway stations, giving relief to thousands of daily commuters.

An aerial view of the 14-acre site of Thane Mental Hospital. The Bombay High Court on Friday lifted the stay order on transfer of the hospital’s land paving the way for the construction of a new railway station between Thane and Mulund. (Praful Gangurde. HT PHOTO)

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Published on Mar 04, 2023 01:20 AM IST

BySatish Nandgaonkar

HC summons developer over unpaid transit rent, warns “coercive action” if absent

Justice NJ Jamdar issued the directive in connection with an interim application in a 2007 suit filed by Shantilal Amrutlal Chauhan against GA Builders, an RNA Group company, in which Gokul Aggarwal is one of the directors along with brother Anubhav Aggarwal.

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Published on Mar 03, 2023 01:00 AM IST

BySatish Nandgaonkar

Bai Kabibai and Hansraj Morarji Charity Trust sells 22.69 acres for ₹539 crore

Mumbai: Bai Kabibai and Hansraj Morarji Charity Trust has sold nearly 22

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Published on Mar 02, 2023 01:59 AM IST

BySatish Nandgaonkar

Indian cities go places in world’s luxury property rankings

MUMBAI: The city’s luxury property market is booming

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Published on Mar 02, 2023 01:39 AM IST

BySatish Nandgaonkar

MoD reimposes restrictions on redevelopment, residents shocked

Mumbai: In a blow to redevelopment projects, the ministry of defence (MoD) has stayed the “landmark” December 23, 2022 circular which had lifted restrictions on constructions within 500 m of defence establishments

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Updated on Mar 01, 2023 01:09 AM IST

ByYogesh Naik and Satish Nandgaonkar

MREAT upholds MahaRERA order granting interest on delayed possession

Mumbai: In a relief to eight homebuyers of DB Ozone project in Mira Road, the Maharashtra Real Estate Appellate Tribunal (MREAT) in two separate orders has dismissed appeals filed by Neelkamal Realtors against the Maharashtra Real Estate Regulatory Authority (MahaRERA) order granting interest on delayed possession

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Published on Feb 28, 2023 01:30 AM IST

BySatish Nandgaonkar

Awaiting home for over 10 years, buyers stage protest in Marol

The promoter of the project – Naqeeb Patel – did not respond to calls and messages to get his comment.

Mumbai, India - Feb 25, 2023 : Proxima Residences People protest at Construction Site at Andheri, in Mumbai, India, on Saturday, Feb 25, 2023. (Photo by Vijay Bate/HT Photo)

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Published on Feb 27, 2023 02:29 AM IST

BySatish Nandgaonkar

Local bodies told to displaying realty documents on their websites

Mumbai: In the aftermath of the RERA scam in Kalyan where 67 projects were found to be using fake commencement certificates and following a request by Maharashtra Real Estate Regulatory Authority (MahaRERA), the urban development department has now made it mandatory for all local bodies and planning authorities to upload copies of commencement and occupancy certificates (CCs and OCs) issued by them on their respective websites and webpages for the benefit of the public

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Updated on Feb 26, 2023 12:23 AM IST

BySatish Nandgaonkar

The uber luxe restyling of Jacob Circle

How 17 coveted residential projects are promising a shine in an area where textile mills and organised crime flourished

Skyscrapers and other buildings with luxury apartments are changing the skyline around Mahalaxmi station in Mumbai. (HT Photo)

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Updated on Feb 26, 2023 12:03 AM IST

BySatish Nandgaonkar

₹138.2 crore allotted to beautify 963-year-old Shiv temple in Ambernath

The proposal involves repair and renovation works within 100 metres of the temple and constructions outside the 100 metres.

“The Shilahara period Shiv temple at Ambernath, a masterpiece of architecture, is the only surviving structure from that era. We are making efforts to promote it globally. The beautification project will make the city a prominent religious and tourist destination in the country. We are also trying to identify Ambernath as a temple city and this project will be an important step in that direction,” Dr Shrikant Shinde, Shiv Sena MP from Kalyan, said. (HT PHOTO)

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Published on Feb 24, 2023 01:38 AM IST

BySatish Nandgaonkar

Kohli buys 2,000 sq ft villa in Alibaug for ₹6 crore

Kohli paid a stamp duty of ₹36 lakh for the transaction and the cricketer would also get a 400 sq ft swimming pool as part of the deal, as per the registration document accessed by Zapkey – the aggregator of publicly available property registration documents.

According to industry sources, Alibaug is expected to witness an investment of approximately <span class='webrupee'>₹</span>3,000 crore in the near future and an estimated 250 acres are likely to be developed in a phased manner with luxury villas and integrated townships likely to come up. (HT PHOTO)

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Published on Feb 24, 2023 01:14 AM IST

BySatish Nandgaonkar and Raina Assainar

MREAT slams MahaRERA reading of Section 18, grants interest

The Maharashtra Real Estate Appellate Tribunal has in two orders for two different pr ojects slammed MahaRERA’s interpretation of relief under Section 18 of RERA and its orders denying interest on delayed possession to concerned home buyers

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Updated on Feb 23, 2023 12:34 PM IST

BySatish Nandgaonkar

MahaRERA serves notice to 313 projects for discrepancies

As part of its project monitoring exercise, the authority has served notices to 19,539 lapsed projects to update their information and provide real-time status of their projects.

“The discrepancies seen in the data submitted by the promoters showed, for instance, that a project had shown 75% expenditure, but the construction percentage was only 50%. Another project had a possession deadline just six months away, but the project completion stood at less than 50%,” said a MahaRERA official. (HT PHOTO)

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Published on Feb 21, 2023 12:48 AM IST

BySatish Nandgaonkar

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Satish Nandgaonkar

Mumbai: Two passengers who were allegedly offloaded by Cathay Pacific on March 14 for carrying a portable breathing device have served a legal notice to the airline, claiming compensation and damages to tune of ₹55

Mumbai: In a move that is likely to affect thousands of tenants paying nominal lease rent, the Maharashtra Housing and Area Development Authority (MHADA) has proposed to link lease rent on its plots to the ready reckoner (RR) rate of the locality concerned

With Taloja connected to both line 1 and 2 of Navi Mumbai metro, the Rohinjan village area is sought after by developers for new residential developments

Mumbai Industrialist Niraj Bajaj has bought an 18,000 square feet triplex at Walkeshwar for ₹252

According to the documents signed between Amazon representatives and Nirmala George Estates Pvt Ltd, Amazon has leased the entire ground, plus 10 floors in Orange Towers totalling 5.50 lakh sq ft for a period of 60 months

The two parties agreed to pay the agreement value of ₹80.95 crore in a staggered manner. According to the terms of the agreement, ₹8.09 crore was paid in January 2023, ₹7.85 crore was paid in February, and the balance consideration of ₹65 crore was to be paid in March, as per the documents

On the second consecutive day, the BPCL team continued to camp in the area and the police had cordoned off the entire area as the officials carried out digging the ground to detect any possible leakages in the highly sensitive pipeline.

Mumbai: City-based developer Labdhi Lifestyle has acquired Rajesh LifeSpaces’ stressed project in Bandra Kurla Complex (BKC) through an agreement between the developers and project financiers Mirae Asset and J M Financial, the company said on Friday

Thackeray was speaking at the 17th formation day of his party at Gadkari Rangayatan in Thane on Thursday evening.

MumbaiPharma major Pfizer has sold the leasehold rights of its 54

The court also observed that since the gift deeds are cancelled and the senior citizen is in possession of the properties, the petitioners cannot create any embargo or restrain him from renting them out

The two factions of the Shiv Sena came to another confrontation on Monday night after Eknath Shinde-led faction allegedly broke open the lock at Shivai Nagar shakha, sparking off a protest by the Uddhav Thackeray-led faction

Welcoming the decision, chief minister Eknath Shinde said that the high court’s decision would speed up the work, and a new station would reduce the burden of commuter footfalls on Thane and Mulund railway stations, giving relief to thousands of daily commuters.

Justice NJ Jamdar issued the directive in connection with an interim application in a 2007 suit filed by Shantilal Amrutlal Chauhan against GA Builders, an RNA Group company, in which Gokul Aggarwal is one of the directors along with brother Anubhav Aggarwal.

Mumbai: Bai Kabibai and Hansraj Morarji Charity Trust has sold nearly 22

MUMBAI: The city’s luxury property market is booming

Mumbai: In a blow to redevelopment projects, the ministry of defence (MoD) has stayed the “landmark” December 23, 2022 circular which had lifted restrictions on constructions within 500 m of defence establishments

The promoter of the project – Naqeeb Patel – did not respond to calls and messages to get his comment.

How 17 coveted residential projects are promising a shine in an area where textile mills and organised crime flourished

The proposal involves repair and renovation works within 100 metres of the temple and constructions outside the 100 metres.

Kohli paid a stamp duty of ₹36 lakh for the transaction and the cricketer would also get a 400 sq ft swimming pool as part of the deal, as per the registration document accessed by Zapkey – the aggregator of publicly available property registration documents.

The Maharashtra Real Estate Appellate Tribunal has in two orders for two different pr ojects slammed MahaRERA’s interpretation of relief under Section 18 of RERA and its orders denying interest on delayed possession to concerned home buyers

As part of its project monitoring exercise, the authority has served notices to 19,539 lapsed projects to update their information and provide real-time status of their projects.

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