Browsing Tag

Redevelopment

46 posts
Boman Irani, Rustomjee

MHADA Awards Tender to Rustomjee to Redevelop GTB Nagar Sion Project

MHADA’s ambitious redevelopment of Punjabi Colony in Sion’s GTB Nagar, Mumbai, is moving forward following crucial legal clearances from the Bombay High Court and Supreme Court. This project aims to transform the historically significant area, originally a refugee settlement for Partition-era migrants, by providing modern homes and additional housing.
The Bihar RERA has fined a developer ₹1 lakh for displaying "Coming Soon" posters and online ads for an unregistered project, holding that even minimal promotions violate Section 3 of the RERA Act and defeat buyer protection goals.

Not Just Developers! Tribunal Says Society is Also a Promoter Under RERA

In a major ruling, the Maharashtra Real Estate Appellate Tribunal held that a society redeveloping its own property after terminating the builder is also a “promoter” under RERA — making it liable to compensate flat buyers and requiring it to deposit funds before appealing.
MHADA resolves a 2-year pending flat allotment case at Lokshahi Din, ensuring quick possession for an eligible resident. Key citizen complaints on redevelopment, repairs, and illegal construction also addressed.

MHADA Allottee Gets Flat After 2-Year Wait at Lokshahi Din

At MHADA’s 12th Lokshahi Din, a two-year wait ended for a flat allottee as officials ordered immediate possession of the allotted home. Other citizen issues like illegal construction in Goregaon, stalled redevelopment in Kalina, and repair requests in Girgaon were also addressed swiftly.
MHADA

MHADA Reduces Premium from 110% to 100% of Ready Reckoner Rate for Eligible Tenants

MHADA has announced a 10% reduction in the premium charged to eligible tenants of old cessed buildings for additional area—bringing it down from 110% to 100% of the Ready Reckoner Rate. The change applies retrospectively to December 2023 lottery beneficiaries and is part of a broader 100-day action plan that includes new eligibility criteria and faster allotments.

Motilal Nagar Residents Oppose Adani, Claim MVA’s 2021 GR Favoured Developer Over Residents

Motilal Nagar residents oppose Adani redevelopment, claiming the MVA government’s 2021 GR favored Adani in the tender process. Residents allege that the 2021 GR not only stripped them of their rights to increased carpet area, but also paved the way for private developers—especially Adani Properties—to gain a disproportionate advantage in the MHADA redevelopment tender