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Affordable housing

Chennai, Ahmedabad, and Kolkata: Most Affordable Metros for Residential Investments, Reports Magicbricks

Magicbricks’ report highlights Chennai, Ahmedabad, and Kolkata as the most affordable cities for residential investments in 2024, with a Property Price to Income Ratio of 5. In contrast, Mumbai and Delhi are among the least affordable. The report also notes a significant rise in the EMI-to-income ratio, reflecting growing affordability concerns.
  • September 5, 2024
MahaRERA seeks report from developers on quality of construction materials

Marudhar Rocks International Secures INR 150 Crores Investment from Bharat Value Fund

Marudhar Rocks International has successfully secured INR 150 crores from Bharat Value Fund, gaining a 6.5% equity stake. This investment values the company at approximately INR 2300 crores and will aid in enhancing Marudhar’s production capabilities and global market presence.
  • September 5, 2024
MHADA

MHADA Receives Over 50,000 Applications for 2030 Homes in Mumbai Lottery; Deadline Extended

MHADA’s housing lottery for 2,030 homes in Mumbai has received over 50,000 applications, with the deadline extended to September 19. The authority has also reduced prices for 370 units.
  • September 4, 2024
MMRDA

MMRDA Seeks Maharashtra Government Guarantee for ₹14,000 Crore Infrastructure Bonds

MMRDA has requested a ₹14,000 crore guarantee from the Maharashtra government to issue infrastructure bonds aimed at funding major urban and transportation projects in Mumbai.
  • September 4, 2024
CIDCO

CIDCO Files Complaint Against Dumper Owner and Driver for Illegal Dumping

CIDCO has filed a complaint against a dumper owner and driver for illegally dumping debris on CIDCO land in Navi Mumbai. The action follows a recent interception at Vashi Toll Naka, with CIDCO urging the public to report illegal dumping through their website or local police stations.
  • September 4, 2024