Dharavi Redevelopment Project: Maharashtra Cabinet Approves Land Allocation in Aksa & Malvani Villages

Maharashtra’s Cabinet has approved the allocation of 140 acres in Aksa and Malvani villages for the Dharavi Redevelopment Project, part of the state’s initiative to provide housing for slum dwellers and transform Dharavi into a modern urban hub.

MHADA Reduces Monthly Service Charges for 9,409 Flat Owners in Virar Bolinj Housing Complex

MHADA has reduced monthly service charges for 9,409 flat owners in the Virar Bolinj Housing Complex, benefiting low-income and middle-income residents. The new charges come with additional relief, including a waiver of late payment fees and a 50% discount on COVID-19 service charges.

Maharashtra Strengthens Fire Safety Regulations: A 5-Year Review

The Bombay High Court has called on Maharashtra to fast-track stronger fire safety regulations after the Chembur fire tragedy. Chief Minister Eknath Shinde has pledged swift action to implement fire evacuation lifts and advanced safety technologies, particularly in high-rise buildings.

MHADA Konkan Board Announces Lottery for 12,626 Housing Units and Plots

The Konkan Housing and Area Development Board (MHADA) has announced a lottery for 12,626 housing units across multiple regions, including Thane and Palghar, with registration commencing on October 11, 2024. The lottery aims to provide affordable housing options, with 11,187 units available under the First-Come, First-Served scheme. The draw for eligible applicants is scheduled for December 27, 2024.

Thane Sees Sharp Rise in Under-Construction Property Prices: 19.5% Increase in Q3, Reaching INR 16,455 per sq ft

Thane’s property market sees a 19.5% rise in under-construction home prices, reaching INR 16,455 psf in Q3 2024. Despite rising prices, demand remains strong, driven by infrastructure projects and proximity to Mumbai.