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4 realty firm proprietors booked for cheating 5 home buyers of rs 21L

The khandeshwar police have registered a case of cheating along with the sections of MOFA act against the four proprietors of Mauli Builders and Developers in New Panvel for duping several home buyers. They did not complete the construction of a residential project at the Bonshet village in Panvel taluka after accepting booking amounts for flats. The accused builders, who ... Read More »

Board trains at Parel’s mini terminus from tomorrow

As a relief for commuters travelling to and from Thane and Kalyan, the city is set to get a new suburban mini-terminus on Central Railway’s main line at Parel on Sunday. The terminus, which will ease the pressure on Dadar station, will be inaugurated by Union railway minister Piyush Goyal along with chief minister Devendra Fadnavis at the Chhatrapati Shivaji ... Read More »

Thane Belapur road project phase 1 to be ready in 2020

Almost 13 years after it was built, Thane-Belapur Road will soon get a facelift. The project by NMMC aims at improving commute and transportation between Navi Mumbai and Thane. This is for the first time the 13.8 km long road will undergo major repair work since it was thrown open for public in 2007. Moreover this is the only road ... Read More »

More than 5k home buyers hits Rs 3683 cr loss

More than 5000 home buyers have been cheated of Rs 3683 crore in 123 mass housing frauds in the city in the past three years, according to the economic offences wing of the Mumbai police. While 32 cases worth rs 1087.5 crore were registered in 2016, 50 were reported in 2017 and 41 last year. Most of them are projects ... Read More »

GST slashed to 5% on under-construction houses, 1% on ‘affordable houses’

The GST Council on Sunday slashed tax rates on under-construction housing properties to 5 per cent without input tax credit, from the existing 12 per cent, in a big relief to home buyers. The council also cut GST rates on affordable housing to 1 per cent from the current 8 per cent and expanded the scope of affordable housing to ... Read More »

Coastal road in Navi Mumbai by 2021

In order to take care of nodal traffic, a service road has also been proposed alongside. This will ensure unobstructed traffic movements from Mumbai Trans Harbour Link Corridor (MTHL) to the airport. Maharashtra’s City and Industrial Development Corporation (CIDCO) has planned a second coastal road for Navi Mumbai that will connect Kharghar to Amra Marg at Panvel, which will also ... Read More »

SOBO locals offer plan B that will spare garden for Coastal road

A delegation of locals and walkers who use Tata Garden in Warden Road met civic officials on Friday to request change of route for the proposed coastal road. The civic body, which is constructing the 10 km road from Marine Lines to Bandra Worli Sea Link , plans to take Over the Garden to Construct interchanges for the project. Last ... Read More »

RERA issues warrant to Mulund builder for default

In an instance of the efficacy of the Real Estate Regulatory Authority , MahaRERA has issued a recovery warrant against Nirmal Developer for Rs 5.17 crore for failing to refund 14 home buyers of Nirmal Olympia project in Mulund (west). The regulatory body was forced to act as the developer faltered despite agreeing on refunds as the consent terms. A ... Read More »

Rs 1938 cr KDMC budget aims at better roads, more funds

The KDMC is struggling to improve its revenue to carry out development works in the city. On Tuesday while presenting budget , municipal commissioner said economy of KDMC will collapse if there is no improvement on revenue generation. The budget has gone up by Rs 240 crore with allocations for road and flyover works and special allocations for outskirts areas. ... Read More »

2 More escalators for Panvel Station in next 6 months

Panvel railway station will get two more escalators in the next six months. Two escalators were installed at station last month. Panvel is the busiest railway station in Navi Mumbai . Apart from the trains of the harbour lines, nearly 60 long distance trains going towards Pune , Goa and southern states passes through the station. A railway engineer said ... Read More »