SHF urges Maharashtra to cut premium to 5% to make government land freehold
Chairman of State Housing Federation Suhas Patwardhan told TOI that they have been demanding a reduction in premium, but that the government has kept it at 10%.
Chairman of State Housing Federation Suhas Patwardhan told TOI that they have been demanding a reduction in premium, but that the government has kept it at 10%.
The first quarter of the year saw record-breaking sales, with 74,486 apartments sold in the top seven markets. Mumbai, Bengaluru, and Pune led the way, with strong sales in the luxury and mid-income segments.
Kolte-Patil Developers' annual sales volumes stood at 3.92 million sq ft in FY24 as against 3.27 million sq ft, registering a 20 per cent year-on-year growth.
An alternative investment fund backed by SC Lowy has invested in non-convertible debentures (NCD) in the last week of March. While Pharande NCDs do not pay any interest up to June 30, 2024 and 14% until maturity on March 31, 2026.
During FY24, Macrotech Developers added new projects having cumulative gross development value (GDV) of Rs 203 billion in Mumbai Metropolitan Region (MMR), Pune and Bengaluru, exceeding its guidance of Rs 175 billion.
The gross leasing of office space went up 43 per cent to 16.2 million square feet in January-March this year from 11.3 million square feet in the corresponding period of the previous year.
PMC plans to demolish 46 dilapidated wadas in prime city locations like Ganesh Peth, Ghorpade Peth, and Mangalwar Peth. Seeking police intervention due to tenant opposition and fear of losing rights.
Satyanarayan Bajaj, deputy secretary, Maharashtra revenue department, issued a notification on March 31 conveying the state government's decision to maintain the status quo on ready reckoner rates.
This strategic measure is expected to alleviate the financial burden on homebuyers who have faced delays or discrepancies in their property transactions, the authority said.
The Pune Municipal Corporation (PMC) issued 1,709 building permissions in 2023-24 as compared to 956 in the previous financial year.
“Maharashtra has recorded more than 27 lakh property registrations this financial year so far, resulting in a revenue of about Rs 48,000 crore,” a senior official from the state property registration department said.