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Maharashtra Government

53 posts

Maha Transport Min to Open Tenders for 98-Year Lease of ST Bus Depots

The Maharashtra Government will soon invite tenders to lease ST bus depots for 98 years and redevelop them into modern bus ports. Transport Minister Pratap Sarnaik announced the plan at HOMETHON 2025, adding that pod taxi services will also roll out in Bandra-Kurla Complex before expanding to other parts of Mumbai Metropolitan Region.
MHADA

MHADA Price Cut: 6,248 Kalyan Flats Now Cheaper for EWS Homebuyers

In a major relief for economically weaker sections, MHADA’s Konkan Board has significantly reduced the sale prices of 6,248 flats in Kalyan’s Shirgaon and Khoni. These homes, part of the “First Come, First Served” scheme, will now be over ₹1 lakh cheaper, making home ownership more accessible.
In a key ruling, MahaRERA held that even when an Agreement for Sale is silent on the possession date, the builder must hand over the flat within a reasonable period of three years from the agreement date — failing which, interest is payable for the delay period. The order in the Mauli Omkar project case awarded interest from March 2019 to April 2023 to complainant Sabirali Tufhel Shaikh.

MahaRERA Appoints Revenue Recovery Officers to Enforce Builder Penalties, Boosting Homebuyer Protection

In a major relief for homebuyers, the Maharashtra government has appointed dedicated Revenue Recovery Officers to enforce MahaRERA orders against defaulting builders. This decision enables faster recovery of penalties and compensation, providing long-overdue justice to affected buyers in stalled or delayed projects.

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.
BKC

MMRDA’s BKC Plot Auction Fetches Record-Breaking Prices: Sumitomo and Brookfield Secure Prime Land

The Mumbai Metropolitan Region Development Authority (MMRDA) has set a new record with its latest land auction in Bandra-Kurla Complex (BKC), fetching prices well above the reserve rate. Sumitomo Corporation acquired two prime plots at ₹4,82,000 per square meter, while Brookfield secured another at ₹3,87,000 per square meter. This historic auction highlights BKC’s growing demand among global investors and reinforces Mumbai’s status as a premier commercial hub.