The compensation stems from revenue losses incurred by urban local bodies following the nationwide implementation of GST on July 1, 2017, which abolished entry taxes, octroi, local body taxes, and other levies that municipalities previously collected under Entry 52 of List II of the Seventh Schedule of the Indian Constitution.

Of the total sanctioned amount, certain deductions were made before disbursement. A sum of ₹3.44 crore was recovered from 25 municipal corporations toward the operation and maintenance of High Capacity Suction and Jetting Machines with Water Recycling Facility — equipment being provided to urban local bodies for the health and safety of workers who clean underground drainage and sewage collection systems. Additionally, ₹49.96 crore was deducted for outstanding payments to EESL (Energy Efficiency Services Limited) for LED street lighting for 15 municipal corporations, with dues pending up to November 2025. After these deductions, the net amount actually disbursed stands at ₹5,532.28 crore.

The Additional Secretary of the Urban Development Department has been designated as the Drawing and Disbursing Officer, responsible for drawing the full amount from the Pay and Accounts Officer in Mumbai and transferring it immediately to the respective municipal corporations and the Directorate of Municipal Administration.

Here is the breakdown of funds allocated to each municipal corporation for April and May 2026:

Nagpur has received ₹318.63 crore. Chandrapur has been allotted ₹12.62 crore. Amravati gets ₹23.27 crore. Akola receives ₹18.34 crore. Chhatrapati Sambhajinagar (formerly Aurangabad) has been allocated ₹78.12 crore. Parbhani receives ₹1.75 crore. Latur gets ₹1.38 crore. Nanded-Waghala has been allocated ₹22.48 crore. Nashik receives ₹269.54 crore. Malegaon gets ₹44.46 crore. Dhule receives ₹28.28 crore. Jalgaon gets ₹31.74 crore. Ahilyanagar (formerly Ahmednagar) receives ₹25.24 crore. Pune has been allocated ₹485.05 crore. Pimpri-Chinchwad receives ₹457.54 crore. Kolhapur gets ₹35.78 crore. Solapur receives ₹57.52 crore. Sangli has been allotted ₹43.16 crore. Mira-Bhayandar receives ₹58.40 crore. Vasai-Virar gets ₹94.16 crore. Bhiwandi-Nizampur receives ₹68.02 crore. Ulhasnagar gets ₹51.48 crore. Kalyan-Dombivli receives ₹59.82 crore. Thane has been allocated ₹221.52 crore. Navi Mumbai receives ₹316.28 crore. Panvel gets ₹90.42 crore. Brihanmumbai Municipal Corporation (BMC) has received the largest share at ₹2,587.55 crore. Jalna receives ₹10.86 crore. Ichalkaranji gets ₹18.82 crore.

The expenditure is being charged under Demand No. F-4, Major Head 3604, Sub-Head 0998 of the 2026–27 budget.

Also Read: CIDCO Puts 20 Plots Up for Auction in Navi Mumbai: Includes Bungalows and Warehouses for Lease

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What Were Smart City SPVs?

When the Centre launched the Smart City Mission, each selected city was required to set up a Special Purpose Vehicle — a separate company incorporated under the Companies Act — to plan, appraise, approve, and implement Smart City projects. These SPVs had their own Chairpersons, Boards of Directors, and Chief Executive Officers, typically drawn from senior IAS officers, functioning independently of the parent Municipal Corporation. Maharashtra had eight such SPVs operating across Nagpur, Nashik, Pune, Pimpri-Chinchwad, Thane, Kalyan-Dombivli, Solapur, and Aurangabad (Chhatrapati Sambhajinagar).

What the GR Orders

The GR is sweeping in its scope. It orders the following:

The Chairpersons and Directors of all eight Smart City SPVs are relieved of their positions, and their powers stand transferred to the respective Municipal Corporation Commissioners. The CEO role of each SPV is similarly handed over to the Municipal Commissioner or Additional Commissioner of the concerned corporation.

All contractual officers and employees working under the Smart City SPVs are to be relieved and their charge transferred to regular Municipal Corporation staff — with a compliance report to be submitted to the government by April 30, 2026.

After the transfer of SPV assets to the Municipal Corporation is complete, the CEOs of each Smart City SPV are directed to independently initiate the process of winding up the company incorporated under the Companies Act for the Smart City Mission.

Who Gets Charge of Which City

The GR names specific IAS officers as the new custodians of Smart City powers. For Nagpur, Commissioner Bipin Iyenkar takes over from MMRDA Commissioner Sanjay Mukherjee. In Nashik, Commissioner Manisha Khatri, who was already holding additional charge as SPV CEO, now formally holds full authority. Pune’s Smart City powers move to Commissioner Navalkinshore Ram, while Pimpri-Chinchwad’s go to Commissioner Vijay Suryavanshi. Thane’s Commissioner Saurabh Rao, Kalyan-Dombivli’s Commissioner Abhinav Goyal, Solapur’s Commissioner Sachin Ombale, and Chhatrapati Sambhajinagar’s Commissioner Amol Yedge round out the list.

Why Is This Happening?

The GR’s preamble is candid about the reasons. The Smart City Mission’s operational period ended some time ago, and the Centre has made clear that no further funds will flow for the mission beyond its concluded tenure. All Smart City projects were to be completed by December 2025 — a deadline set at a meeting on April 7, 2025, and communicated through an official memorandum. With the project pipeline wound down and central funding ceased, maintaining parallel institutional infrastructure in the form of standalone SPVs no longer serves any administrative purpose.

The Maharashtra government had already directed the transfer of SPV assets to Municipal Corporations through a letter dated March 27, 2025, and the current GR is the logical follow-through — dismantling the human resource and governance layer of the SPVs as well.

The Larger Picture

The Smart City Mission, launched by the Centre in 2015, was one of India’s most ambitious urban transformation programmes, injecting funds into 100 selected cities for infrastructure, technology, and governance upgrades. Maharashtra had eight cities selected under the mission. However, the programme has faced sustained criticism for delays, incomplete projects, and the creation of parallel bureaucratic structures that sometimes operated at cross-purposes with the parent Municipal Corporations.

By merging Smart City powers back into the Municipal Commissioners’ offices, the Maharashtra government is signalling a consolidation of urban governance — streamlining accountability and reducing institutional duplication. The move also means that any pending Smart City works or assets will now fall squarely under the Municipal Corporation’s responsibility, with no separate body to either credit or blame.

Also Read: Shutdown Impacts Renovation & Interior Work In City

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The tender, issued by the bank’s Premises & Estate Department, Local Head Office – Mumbai Metro, specifies the requirement for flats located across four key suburban railway corridors, with 50 flats needed in each corridor.

Location-Wise Requirement

Key Tender Details

• Number of flats required: 200 (2BHK units)
• Carpet area: Approx. 600 sq ft as per RERA norms, with ±10% variation allowed
• Eligible participants: Reputed builders/developers, POA holders, or authorized representatives
• Tender issue period: October 7, 2025 – November 6, 2025
• Last date for online submission: November 6, 2025, 3:00 PM
• Mode: Online through SBI e-tender portal
• Note: Offers beyond the listed corridors will not be considered. No brokers are allowed.

Why This Matters

SBI’s move to buy residential units in bulk is significant for Mumbai’s suburban housing market, especially in mid-income corridors such as Thane–Kalyan and Kharghar–Panvel. Bulk purchases by large institutions can provide liquidity and absorption support to developers, particularly in a period when launch volumes are steady but sales velocity is moderating.

For developers, the tender represents an opportunity to offload inventory in bulk and secure assured payments from a credible buyer. For the market, such institutional purchases can help set benchmark pricing in the mid-segment category.

What It Means for Homebuyers

While the tender is not for individual retail buyers, such bulk acquisitions indicate:

• Institutional confidence in mid-income housing segments.
• Possible tightening of supply in certain suburban pockets, which could firm up prices.
• Increased developer focus on 2BHK mid-sized units (around 600 sq ft) to meet both institutional and retail demand.
• Potential for better infrastructure and community development if large anchor buyers like SBI enter projects.

Next Steps

Interested parties can download the tender document from SBI’s website and submit their offers online. The bank reserves the right to alter the number of flats based on its requirements.

Also Read: SBICAP Ventures backed SWAMIH Investment Fund-I Raises over INR 15,000 Crores at its final close

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Speaking at the Real Estate Forum 2025, held on the sidelines of the property expo, Sarnaik said that the Maharashtra State Road Development Corporation (MSRDC) holds more than 13,000 acres of land at key locations including Kurla, Borivali, and other towns across the state. “To utilise these lands and redevelop the existing bus depots, the government has decided to extend the lease period from the earlier 30 years to 98 years. These ST bus depots will be developed as modern bus ports, similar to the model adopted in Gujarat,” he said.

Sarnaik urged the state’s real estate developers to actively participate in the upcoming tenders for the development of these depots.

He further revealed that the much-awaited pod taxi service will soon commence operations in Bandra-Kurla Complex (BKC) and later expand to other parts of the Mumbai Metropolitan Region, including Mira-Bhayandar and Thane.

Highlighting the government’s commitment to holistic development across sectors, Sarnaik stressed that real estate growth in semi-urban and rural regions will play a crucial role in boosting affordable housing.

Also Reads: Maharashtra Govt Considers Stamp Duty Concessions

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The housing unit comprises 84 rooms, each measuring 10 feet by 10 feet, with the capacity to house up to six workers per room. The accommodation is constructed using PUF panels to provide thermal insulation and ensure comfortable indoor temperatures.

Key infrastructure includes a 40 KLD sewage treatment plant for water recycling, a 200 kg organic waste composter for managing kitchen waste, and a full fire safety network with yard hydrants, fire pumps, and sprinklers installed in high-risk zones such as the kitchen and gas bank.

Speaking on the launch, Mr. Boman Rustom Irani, Chairman and Managing Director of Rustomjee Group, said, “Our newly developed labour accommodation at Urbania is a reflection of our belief that the people who build our cities deserve to be at the heart of them. This initiative is part of our long-term vision to improve standards of worker welfare in the industry.”

The facility includes 29 toilets, 9 urinals, 15 bathing points, and a UV-based water purification system for clean drinking water. A canteen with 42 double-burner gas stoves has been built to serve up to 280 workers simultaneously.

Additional amenities aimed at improving the quality of life for the workers include an open gym, sports areas, an entertainment room, a projector hall, a full-time doctor’s clinic, a maternity room, a crèche, barber shop, and retail outlets.

Mr. Anupam Verma, CEO of Kapstone Constructions, a Rustomjee Group company, stated, “Labour housing is often treated as a compliance requirement. We’ve taken a different approach by designing this with the same precision and care as our premium residential offerings.”

Rustomjee has confirmed that similar labour welfare models are being planned for other upcoming projects, aligning with its broader strategy of inclusive and sustainable development.

Also Read: Rs 2 Lakh Discount for Women Homebuyers at This Prop Expo

The post Rustomjee Launches 35,000 Sq. Ft. Labour Housing Facility for 500 Workers at Urbania Project in Thane appeared first on Square Feat India.

The Konkan Housing and Area Development Board of MHADA has initiated a large-scale campaign to promote the sale of flats under the First-Come, First-Serve (FCFS) scheme. These flats are available for Economically Weaker Sections (EWS), Low-Income Groups (LIG), and Middle-Income Groups (MIG) under the Pradhan Mantri Awas Yojana (PMAY-Urban). The flats are located in Virar-Bolinj, Khoni-Kalyan, Shirdhon-Kalyan, Gotheghar-Thane, and Bhandarli-Thane.

As part of this campaign, 29 information stalls have been set up at key locations across the region from December 2 to December 11, 2024. The stalls will provide detailed information about the available flats, application eligibility, and the online registration process. Applicants can apply through the official MHADA website (https://lottery.mhada.gov.in). The registration process began on October 11, 2024.

Campaign Details
Mrs. Revati Gaykar, Chief Officer of the Konkan Board, highlighted that the stalls aim to assist prospective buyers by offering information on the FCFS flats, eligibility criteria, and the application process. In addition to the stalls, flyers and street plays are being organized to raise awareness about the housing schemes.

Message to Applicants
Mr. Anil Wankhade, Deputy Chief Officer of MHADA, encouraged potential applicants to take advantage of the campaign’s support services. This initiative is part of MHADA’s ongoing efforts to sell unsold flats across Maharashtra, as directed by MHADA Vice-President and CEO, Mr. Sanjeev Jaiswal.

Stall Locations
The stalls are strategically placed at various government offices and public locations. These include the head offices of municipal corporations in Vasai-Virar, Mira-Bhayandar, Ulhasnagar, Navi Mumbai, Kalyan-Dombivli, Thane, and Palghar. Additionally, stalls are available at district collector offices in Palghar and Thane, the Thane RTO, subdivision offices in Vasai, Ulhasnagar, Palghar, and Kalyan, and the tehsildar’s office in Ambernath. Other prominent locations include the Mahape MIDC administrative office, the Jivdani Devi Temple in Virar, churches in Virar and Vasai, and major railway stations in Virar, Vasai, Thane, Badlapur, Ambernath, Ulhasnagar, Vashi, Panvel, Dombivli, Karjat, and Kalyan.

Support at the Stalls
Each stall is staffed by Konkan Board representatives who provide comprehensive guidance on the housing schemes, eligibility, and the online application process. They assist with document requirements and help resolve any application-related issues immediately. For further support, a dedicated team at the MHADA office is available for coordination.

Project Features
Mr. Mahesh Jeswani, Chief Engineer at MHADA, stated that all the projects under the FCFS scheme are equipped with essential facilities, including 24-hour water supply, firefighting systems, lifts, and common areas. In addition, each housing complex will have sewage treatment plants and organic waste converters.

Available Flats Under the FCFS Scheme

• Virar Bolinj: 174 (PMAY)
• Virar Bolinj: 4,164
• Khoni-Kalyan: 2,621 (PMAY)
• Shirdhon-Kalyan: 5,774 (PMAY)
• Gotheghar-Thane: 701 (PMAY)
• Bhandarli-Thane: 613 (PMAY)

Also Read: MHADA Konkan Board Directs Developer to Cease Additional Fees for EWS Flat Winners in Dhokali

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The promoters of these projects have submitted applications for de-registration under the provisions of the Real Estate (Regulation and Development) Act, and the public is being given an opportunity to submit objections to these requests. The list of projects includes both large-scale residential and commercial developments across multiple cities in Maharashtra.

Prominent Projects Affected:

1. Macrotech Developers Limited – ILB ONE in Kalyan, Thane (MahaRERA No. P51700055366)
2. K Raheja Corp Real Estate Pvt. Ltd. – Wisteria, Frangipani, Palash in Pirangut, Pune (MahaRERA Nos. P51700020373, P51700018963, P52100051970)
3. Lokhandwala Infrastructure Pvt. Ltd. – Shriram Corner in Mumbai (MahaRERA No. P51900009787)

In addition to these well-known developers, other real estate companies such as Guardian Landmarks LLP, Puranik Tokyo Bay Pvt. Ltd., and Abhishek Developers also feature on the list. The projects up for de-registration include developments like Wind Shire Phase 1 & 2 in Pune, Tokyo Bay Phase-C2 in Daman, and Abhishek Luxuria in Pune.

Deadline for Objections:

Any person or legal entity who has objections to the de-registration of these projects is requested to submit their objections within 30 days of the notice. The deadline for submitting objections is 12th December 2024.

Objections can be sent via email to director-comp@maharera.mahaonline.gov.in. MahaRERA has emphasized that submissions should be made without delay to ensure they are considered within the specified timeframe.

List of Affected Projects:

1. Guardian Landmarks LLP – Wind Shire Phase-1 & Phase-2 (Pune)
2. Puranik Tokyo Bay Pvt. Ltd. – Tokyo Bay Phase-C2 (Daman)
3. Abhishek Developers – Abhishek Luxuria (Pune)
4. Pemraj Associates – Pemraj Skyone (Pune)
5. Shyamsunder Radhyshyam Agrawal – Shubham Heights (Thane)
6. Ghodawat Eduserve LLP – Sanjay Ghodawat Industrial Park (Kolhapur)
7. Rajendra Fakhruddin Motiwala – Meenrung-Sky Villa (Nashik)
8. Tirupati Developers – Suvarnabhumi (Nagpur)
9. Pruthvi Developers – Siddhivinayak Park (Ratnagiri)
10. Macrotech Developers Ltd. – ILB ONE (Kalyan, Thane)
11. Lokhandwala Infrastructure Pvt. Ltd. – Shriram Corner (Mumbai)
12. K Raheja Corp Real Estate Pvt. Ltd. – Wisteria, Frangipani, Palash (Pirangut, Pune)

Key Details in the Notice:

• Promoter Name: Listed along with project names and MahaRERA registration numbers.
• Project Location: Projects are located in cities including Pune, Thane, Mumbai, Daman, Kolhapur, and others.
• De-Registration Process: As per the regulations, developers are allowed to seek de-registration if certain criteria are met, and this process ensures that stakeholders have the opportunity to raise concerns.

Public Participation:

MahaRERA encourages all stakeholders, including prospective homebuyers, investors, and local residents, to review the list of affected projects and submit any objections they may have. The regulatory authority aims to maintain transparency and protect the interests of the public in all real estate dealings.

Contact Information:

For submitting objections or for further inquiries, stakeholders can contact MahaRERA at:
Email: director-comp@maharera.mahaonline.gov.in

About MahaRERA:

The Maharashtra Real Estate Regulatory Authority (MahaRERA) was established under the Real Estate (Regulation and Development) Act, 2016, to regulate the real estate sector in Maharashtra. Its mission is to promote transparency, accountability, and efficiency in the real estate industry, providing better protection for homebuyers and enhancing the overall credibility of the sector.

Also Read: MahaRERA Dismisses Broker’s Complaint for Brokerage Payment, Cites Lack of Legal Provision

The post MahaRERA Invites Objections to De-Registration of Macrotech and Raheja Projects Along with 17 Others appeared first on Square Feat India.

Named Jardin, meaning “Garden” in French, this expansive 75-acre community emphasizes luxury and human-centric design. Oberoi Garden City Thane aims to redefine upscale living with over 30 world-class amenities, including a 5-star JW Marriott Hotel, an exclusive Private Membership Club, and an Oberoi International School.

The first phase will feature five residential towers, with bookings for two towers commencing on the launch date. The project offers spacious 3-bedroom and 3-bedroom + studio apartments, starting from 1,475 sq. ft. and rising over 65 stories.

Vikas Oberoi, Chairman and Managing Director of Oberoi Realty, expressed gratitude for the positive response, stating, “The trust and confidence our customers have shown in our brand humbles and encourages us. This project exemplifies our vision of providing a holistic, luxurious living experience, setting a new benchmark for luxury in Thane.”

Also Read: Oberoi Realty Reports Strong H1FY25 and Q2FY25 Results: Booking Value at ₹2,509.45 Crores; PBT Rises to ₹1,557.50 Crores

The post Oberoi Realty Records Rs 1,348 Crore in Gross Bookings at Oberoi Garden City Thane Launch appeared first on Square Feat India.

In a joint meeting with eligible flat winners, MHADA officials, and the developer’s representatives, MHADA Vice President and CEO Sanjeev Jaiswal emphasized adherence to the guidelines of the 20% All-Inclusive Scheme of the Unified Development Control and Promotion Regulations (UDCPR-2020). This scheme aims to provide affordable housing to citizens in the EWS and Low Income Group (LIG) categories. Under this scheme, MHADA advertises flats priced with an additional 25% construction cost included. The remaining amount, excluding administrative fees, is to be paid by beneficiaries directly to the developer, making the developer’s demand for extra charges unacceptable.

The developer had requested ₹3,58,635 as development charges from each beneficiary, which violated the agreed terms. The directive instructs the developer to only levy applicable government fees and provide beneficiaries with a detailed breakdown of the charges. The developer is also required to complete flat agreements with all beneficiaries and submit a report on corrective actions taken.

This issue arose after MHADA’s lottery held in February 2024, offering 132 flats to EWS beneficiaries at Plot No. 380, Highland Springs, Dhokali. Successful applicants were to pay 1% of the total flat cost to MHADA as an administrative fee, with the remaining amount and government-mandated fees payable directly to the developer. Despite the advertised flat price of ₹18 lakh, the developer issued demand letters for an additional ₹9 lakh, raising serious concerns among beneficiaries.

Following these excessive demands, MHADA had previously instructed the developer not to charge beyond government-sanctioned fees and to issue revised demand letters in compliance with RERA regulations. Due to the developer’s lack of response, several beneficiaries filed complaints during the Lokshahi Din grievance redressal meeting.

MHADA’s swift action provides clarity and relief to affected beneficiaries, confirming that no additional charges beyond those sanctioned by the government are to be collected under this scheme. Beneficiaries are now assured of purchasing flats at the originally advertised rates, without unforeseen expenses.

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

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The four apartments will be located in ASG projects: Sheth Avalon in Thane, Montana in Mulund, Sheth Zuri in Thane, and Edmont Aurelia in Kandivali. Key distribution will occur at the following locations:

• Thakur Village Bengali Association (Kandivali) during Durga Puja
• Powai Bengali Welfare Association at Times Powai Sarvajanik Durgotsav
• Krishti Durgotsav at Whispering Palms Lokhandwala, Kandivali
• Bandhan Durga Puja in Mira Road
• During Navratri at Whispering Palms
• Growel’s Mall, Kandivali
• Viviana Mall, Thane

Winners will receive:

• 4 Free 2BHK Apartments
• 4 MG Windsor EVs
• 12 Bose Home Theatre Systems
• Return tickets to Amsterdam for 22 couples
• 60 iPhone 16 Units

The campaign aims to connect with the community during the festive season.

Also Read: Festive push to residential real estate momentum of 2023

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