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REDEVELOPMENT OF OLD BUILDING
Tenant wins tax relief on Rs 38.62 lakh sale of landlord’s property, received for surrendering tenancy rights; know why ITAT Mumbai ruled in his favourA Mumbai tenant received tax relief after selling a property he obtained for surrendering his tenancy rights. The Income Tax Appellate Trib...- Mumbai redevelopment projects gather steam as cluster-led developments gain tractionMumbai's property market is seeing a major shift in redevelopment. Developers are now focusing on larger, cluster-based projects instead of...
- For 13 years a builder failed to redevelop a 70-year-old housing society so a new builder was appointed, the old builder objected, but HC favored residentsThe Bombay High Court has backed housing society members in a redevelopment dispute. A builder delayed a project for 13 years, prompting th...
- New York, Chicago, Los Angeles and more: Why top cities in US are seeing more rats than everRat problems are escalating in major US cities due to modern urban design, not just sanitation. Dense populations, extensive underground in...
- 'Mosques converted into dance bars in Muslim region in China': Pakistani vlogger exposes reality of ‘ironclad’ friendshipA Pakistani vlogger's trip to Kashgar, Xinjiang, has sparked debate in Pakistan and India. The video showcased restricted public religious ...
- Ram Gali in Lahore! Why Pakistan is renaming places to Hindu and Sikh names like Krishan Nagar and Sant NagarPakistan Lahore name change: Pakistan’s Punjab government has approved a plan to restore several pre-Partition street and locality names in...
- Gave up tenancy, got new flat in redeveloped property, then faced income tax notice of STCG of Rs 1.1 crore: How tenant won at ITAT MumbaiA Mumbai tenant successfully challenged a Rs 1.1 crore tax notice. He surrendered tenancy for a new flat in a redeveloped building. The Inc...
- Old coal mines are hiding a clean energy secret, and this one town just figured it outThe former coal-mining town of Cumberland is becoming a powerful example of how abandoned fossil-fuel infrastructure can be repurposed for ...
- MHADA issues letter of acceptance to consortium for 33-acre Abhyudaya Nagar redevelopmentMHADA has accepted a consortium's bid for the cluster redevelopment of Mumbai's Abhyudaya Nagar colony. This significant project will provi...
- House of Hiranandani secures Rs 3,000 cr redevelopment project in Mumbai’s BorivaliHouse of Hiranandani has secured redevelopment rights for a 3-acre land parcel in Borivali (West), Mumbai, to build a premium residential p...
- Maximum Mumbai: India's financial capital is seeing its biggest infrastructure push yet. But, is it enough?Mumbai has been undergoing an unprecedented infrastructure push in the 2020s, with over $60 billion being invested in metro networks, expre...
- EV Homes secures Occupancy Certificate for Shraddha CHS, marks key redevelopment milestoneEV Homes Constructions has achieved a significant milestone with the Occupancy Certificate for Shraddha CHS, a major redevelopment project ...
- Birla Estates forays into redevelopment with Rs 1,700-cr project in Mumbai’s KharBirla Estates has entered Mumbai's redevelopment market. The company is developing a luxury residential project in Khar. This project has a...
- Redeveloping your old home? Bigger flats could mean higher maintenance & property taxHomeowners undertaking redevelopment of old houses should prepare for increased annual property costs. Bigger flats and modern amenities li...
- Maharashtra gears up to redevelop 13,000 cessed buildings in South MumbaiThe Maharashtra Housing and Area Development Authority (Mhada) plans to redevelop around 13,000 cessed buildings in South Mumbai. A structu...
- Redevelopment of Mumbai's old buildings hits Covid wallThese housing societies, which operate under the Maharashtra Co-Operative Societies Act 1960, are allowed to conduct managing committee mee...
- ‘Mhada policy to dilute rights of tenants meant to favour builders’Mhada CEO Z Z Patil submitted the proposal to the municipal chief last month and urged him to incorporate the suggestions in the new develo...
- FSI doubled for cessed buildingsAshok Chavan government decided to double the floor space index (FSI) to 4 for Mumbai’s over 16,000 old, cessed buildings. The FSI determin...
- Residents of cessed buildings hang on for dear lifeThe terror attacks in Mumbai, followed by political uncertainty, has left thousands of residents in the city’s over-16,000 cessed buildings...
- Old's gold for realtors in cityMaharashtra’s proposed housing policy may come as a bonanza for Mumbai’s real estate developers as it is expected to provide for redevelopm...
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