Maharashtra Cabinet Approves Stamp Duty Relief For Dharavi Redevelopment

In a bid to expedite the Dharavi Redevelopment Project, the Maharashtra Cabinet has approved stamp duty concessions on lease agreements involving the project’s SPV and the Rail Land Development Authority. The relief aims to reduce transaction costs and accelerate the start of construction on one of India’s most ambitious urban renewal initiatives.

NSE to Build New HQ on ₹757.90 Crore Land in BKC Allotted by MMRDA

The National Stock Exchange of India is set to expand its footprint in Mumbai as MMRDA allots Plot C-82 in BKC for ₹757.90 crore. The new administrative headquarters will further strengthen BKC’s status as a premier financial district.

MHADA Konkan Board to Conduct Lottery for 2,147 Flats, 110 Plots on February 5

The MHADA Konkan Board is set to hold a computerized lottery on February 5, 2025, for the sale of 2,147 flats and 110 plots across Thane, Raigad, and Sindhudurg. With over 24,900 applications submitted, the lottery reflects MHADA’s commitment to transparent and efficient housing allocation in Maharashtra.

Toll Fees Waiver for LMVs, ₹250 Crore, nothing in front of relief for MMR citizens

The Maharashtra government has announced the waiver of toll fees for light motor vehicles at five entry points into Mumbai, effective Tuesday. This decision is expected to lead to an annual revenue loss of ₹250 crore, yet the government prioritizes the relief it offers to citizens, aiming to enhance traffic flow and support local businesses.

Maharashtra Government Allocates ₹8,100 Crore for PMAY (Urban) 2.0

The Maharashtra government has announced an allocation of ₹8,100 crore for the implementation of Pradhan Mantri Awas Yojana (Urban) 2.0. This initiative aims to provide affordable housing to urban residents, offering financial subsidies to eligible homebuyers. To qualify, applicants must not own any residential property in the country