SquareFeatIndia

2214 posts
Varun Singh, is a Senior Journalist who has extensively covered the Real Estate Sector for over one and half decade. His articles, insights, and opinion on the sector are widely read.
MHADA

MHADA Sets One-Month Deadline for Action on Illegal Construction in Abhyudayanagar

During MHADA’s Eighth Lokshahi Day, officials addressed complaints about illegal construction on the terrace of Suruchi Cooperative Housing Society in Abhyudayanagar. A one-month timeline was set for action following a directive to the Executive Engineer to survey the site, prepare a report, and submit it to the Encroachment Removal Cell. This move underscores MHADA’s commitment to tackling encroachment issues.
BMC

BMC Issues Stop Work Notice for Environmental Violations at Andheri Construction Site

The Brihanmumbai Municipal Corporation (BMC) has ordered a halt to construction activities at a site near Infinity Mall, Andheri (West), citing multiple environmental violations. The developer, Veena Developers, has been directed to address air and noise pollution concerns by implementing measures such as wind-breaking barriers, tarpaulin covers, and the use of smog guns and water sprinklers. This move underscores BMC’s commitment to enforcing environmental compliance across Mumbai.
WeWork

WeWork India Raises INR 500 Crore via Rights Issue to Reduce Debt

WeWork India has successfully raised INR 500 crore through a rights issue, focusing on debt repayment and strengthening its financial position. CEO Karan Virwani emphasized that the move underscores investor confidence and supports long-term growth. Operating in eight cities, WeWork India offers over 1 lakh desks, catering to businesses of all sizes.
MahaRERA

MahaRERA Limits Tenure of SRO Representatives, Sets Expertise Requirement

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has capped the tenure of Self-Regulatory Organisation (SRO) representatives at two years. It also mandates that representatives assisting with housing project registrations must be experts in legal, financial, or technical domains. This move aims to enhance the efficiency and transparency of the registration process while avoiding conflicts of interest.
Nirmala Sitharaman to present the union budget

NAREDCO Submits Budget Recommendations to Boost Real Estate Sector

NAREDCO, has submitted detailed recommendations for the FY 2025-26 Union Budget. The proposals focus on increasing funding for affordable housing, granting infrastructure status to the housing sector, improving urban infrastructure, and expanding rental housing. NAREDCO also suggests tax reforms and incentives to boost demand and support sustainable growth in the real estate industry.