Re : Navi Mumbai RE Developments

[MANOJa]

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Sand mafia targets talav in Kharghar's CRZ area; two booked

Mumbai Mirror / Jan 15, 2023, 10:16 IST



Representative image

NAVI MUMBAI: Massive illegal sand dredging has been going on for over a month during the wee hours at a talav located in the CRZ land opposite sector 25, Kharghar. Green activists have complained that the sand mafia has found a new destination under the alleged official patronage of Panvel City Municipal Corporation (PCMC). The talav was last used for Ganesh idol immersions.

An FIR has been lodged with the Kharghar police station against an unknown person and his accomplice Sajid Khan.

Many have alleged that in absence of proper surveillance by PCMC, illegal activities like dumping, soil and sand excavation, etc are on the rise.

A narrow road has been made into the CRZ land from the main road. Some of the areas around the talav bank have been levelled for storage of sand, loading activities, etc. This is done in a deliberate attempt to reclaim the CRZ area. Cidco has already handed over the area to PCMC. However, PCMC has sought the CCTV footage from Cidco.

Kharghar sector 18 resident Amit Sood alleged, “Seeing the area, it is clear that Illegal sand dredging from the talav is going on for over a month. Suction pumps, trucks, etc are found in the wee hours. All these illegal activities are done during the night, to escape the public and authorities' attention.

A Cidco official said, "The PCMC has wrongly sought CCTV footage from the department which does not handle the same."

PCMC Kharghar ward officer Jitendra Madhvi said, “We are again writing to the concerned department of Cidco. Further, our team has lodged a police complaint with Kharghar police against an unknown person and his accomplice Khan.”












Sand mafia targets talav in Kharghar's CRZ area; two booked | Mumbai News - Times of India (indiatimes.com)

[MANOJa]

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Read more at:
[URL]https://realty.economictimes.indiatimes.com/news/industry/now-consent-of-only-51-members-required-for-redevelopment-of-buildings-in-navi-mumbai/97175718[/URL]



"The CIDCO has included a provision that the building can be reconstructed with the consent of only 51 per cent of the members of the housing society instead of the earlier 100 per cent," the town planning authority in Navi Mumbai said.


THANE: The Maharashtra government's City and Industrial Development Corporation ([URL="https://realty.economictimes.indiatimes.com/tag/cidco"]CIDCO[/URL]) on Friday said it has made changes in its reconstruction policy wherein a building can be redeveloped with the consent of only 51 per cent members of a housing society instead of the earlier 100 per cent.

As per the directives of Chief Minister [URL="https://realty.economictimes.indiatimes.com/tag/eknath+shinde"]Eknath Shinde[/URL] and his deputy [URL="https://realty.economictimes.indiatimes.com/tag/devendra+fadanvis"]Devendra Fadanvis[/URL], the CIDCO has adopted the procedures laid down by Maharashtra government and amended its building reconstruction policy, it said in a release.

"The CIDCO has included a provision that the building can be reconstructed with the consent of only 51 per cent of the members of the housing society instead of the earlier 100 per cent," the town planning authority in [URL="https://realty.economictimes.indiatimes.com/tag/navi+mumbai"]Navi Mumbai[/URL] said.

Generally, plots are allotted on lease by the CIDCO, subject to the provisions of the Navi Mumbai Disposal of Land (amendment) Regulations, 2008 (earlier, New Bombay Disposal of Land Regulations, 1975).

As per the lease agreement, a housing society needs to obtain prior written permission from the CIDCO for demolishing the existing structure and constructing a new building in its place.

In order to facilitate faster reconstruction of old buildings on CIDCO plots in Navi Mumbai, this important decision has been taken, it added.

A separate policy was prepared by the CIDCO in 2013 regarding the reconstruction of buildings.

As per this policy, permission of all members of the housing society was required for reconstruction of the building, the release said.

But as per the amended policy, in order to obtain permission for reconstruction of a building, 51 per cent of the total members of the housing society will be required to submit their written consent in the form of an affidavit to the CIDCO. Barring this change, the rest of the terms and conditions of the policy will remain the same, it said."
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Now, consent of only 51% members required for redevelopment of buildings in Navi Mumbai

Read more at:
https://realty.economictimes.indiati...umbai/97175718



"The CIDCO has included a provision that the building can be reconstructed with the consent of only 51 per cent of the members of the housing society instead of the earlier 100 per cent," the town planning authority in Navi Mumbai said.


THANE: The Maharashtra government's City and Industrial Development Corporation (CIDCO) on Friday said it has made changes in its reconstruction policy wherein a building can be redeveloped with the consent of only 51 per cent members of a housing society instead of the earlier 100 per cent.

As per the directives of Chief Minister Eknath Shinde and his deputy Devendra Fadanvis, the CIDCO has adopted the procedures laid down by Maharashtra government and amended its building reconstruction policy, it said in a release.

"The CIDCO has included a provision that the building can be reconstructed with the consent of only 51 per cent of the members of the housing society instead of the earlier 100 per cent," the town planning authority in Navi Mumbai said.

Generally, plots are allotted on lease by the CIDCO, subject to the provisions of the Navi Mumbai Disposal of Land (amendment) Regulations, 2008 (earlier, New Bombay Disposal of Land Regulations, 1975).

As per the lease agreement, a housing society needs to obtain prior written permission from the CIDCO for demolishing the existing structure and constructing a new building in its place.

In order to facilitate faster reconstruction of old buildings on CIDCO plots in Navi Mumbai, this important decision has been taken, it added.

A separate policy was prepared by the CIDCO in 2013 regarding the reconstruction of buildings.

As per this policy, permission of all members of the housing society was required for reconstruction of the building, the release said.

But as per the amended policy, in order to obtain permission for reconstruction of a building, 51 per cent of the total members of the housing society will be required to submit their written consent in the form of an affidavit to the CIDCO. Barring this change, the rest of the terms and conditions of the policy will remain the same, it said.

[MANOJa]

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Navi Mumbai: CIDCO extends deadline for online payment of EMD for Mass Housing Scheme Diwali – 2022

The deadline has been extended till January 31, 2023 to enable applicants who have registered and submitted their application to pay the online EMD.

Amit SrivastavaUpdated: Saturday, January 21, 2023, 02:51 PM IST

Navi Mumbai: CIDCO extends deadline for online payment of EMD for Mass Housing Scheme Diwali – 2022 | Photo: Representative Image

Navi Mumbai: The City and Industrial Development Corporation (CIDCO) has extended the deadline for online payment of EMD for CIDCO's Mass Housing Scheme Diwali - 2022 till January 31, 2023. With the change in the deadline in EMD, the deadline for the computerized draw has also been extended for two days.

New deadline has been extended till January 31, 2023

As per the revised schedule, the online registration for CIDCO Mass Housing Scheme Diwali - 2022 can be done till January 21, 2023 and the online application can be submitted by January 22, 2023. Meanwhile, the deadline has been extended till January 31, 2023 to enable applicants who have registered and submitted their application to pay the online EMD.

Details on the accepted applicants list

The draft list of accepted applicants will be published on February 6, 2023 and the final list of accepted applicants on 08^th February 2023 on CIDCO's website https://lottery.cidcoindia.com. The computerized draw for the scheme will be held on 10^th February 2023.

However, there has been a slight change in the date of computerized draw. The computerized draw of this scheme will be held on 10^th February 2023 instead of 8^th February 2023.











Navi Mumbai: CIDCO extends deadline for online payment of EMD for Mass Housing Scheme Diwali – 2022 (freepressjournal.in)

[MANOJa]

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Strata Raises Rs 76 crore For Office Asset In Mumbai Metropolitan Region

The phase II asset is spread across an area of 39,000 sq. ft., which is pre-leased for 6.5 years with a tenant lock in period of 5.5 years POSTED ON January 19, 2023 5:27 PM

Strata, a prop-tech enabling fractional ownership in commercial real estate (CRE), has launched Phase II of its 21st asset in Mumbai, reportedly valued at Rs 170 crores. Of the total value, Strata has raised Rs 76 crore including Phase I and II from the investors. The asset that spans over 39,000 sq. ft. is an office asset situated in Mumbai Metropolitan Region (MMR). The property will reportedly provide a gross entry yield of 9.1 per cent and a targeted internal rate of return (IRR) of 12.7 per cent. It has been pre-leased for a period of 6.5 years and has a tenant lock-in period of 5.5 years.

With its extreme proximity to Mumbai, this asset is strategically located in India’s largest transit-oriented development landscape of Seawoods Grand Central. This landscape features a wide range of Grade-A office spaces, residences, malls and an integrated Seawoods-Darave railway station which offers easy connectivity to the entire MMR region, the company stated.

Navi Mumbai is one of the largest planned townships in the country and has a well-connected national rail and road network along with an upcoming international airport. Equipped with conducive infrastructure including large corporate parks, upcoming business compounds and a skilled workforce, the city is definitely one of India’s prime destinations in terms of growth, it added.

“This 21st asset is expected to generate 2X return on investment for investors. Having said that, this asset is a perfect example of these efforts bringing a seamless combination of strategic location, high-quality property and an international heritage tenant making it an optimum investment opportunity for investors looking to invest in the ambitious city of dreams," said Sudarshan Lodha, co-founder and chief executive officer (CEO), Strata Property Management.

"We aim to bring in more assets across high-demand sectors like warehousing, hospitals, and data centres. We aim to reach an asset under management (AUM) of Rs 1100-1200 crores by the end of this fiscal," he added.

Strata has launched multiple premium assets across Mumbai, Bengaluru, Chennai, Hosur, Jaipur, Hyderabad, Pune and more.

Strata, claims to be striving towards creating a strong new asset class of fractional ownership in India, thus democratising the high-end, limited access CRE investment. Due to these efforts, it has been winning the stanch confidence of over 50000 users and 2500+ active investors.

With approximately 25 per cent of non resident Indian (NRI) investor base, it is helping encourage foreign investment in Indian real estate.

Strata is backed by institutional investors like Kotak Investment Advisors, Gruhas Proptech, Sabre Investments Elevation Capital, Mayfield and PropStack.










Strata Raises Rs 76 crore For Office Asset In Mumbai Metropolitan Region (outlookindia.com)

[MANOJa]

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  string(1115) "[h=1]E-payment for Cidco housing scheme till January 31[/h] 
TNN / Updated: Jan 23, 2023, 07:12 IST
  [IMG]https://static.toiimg.com/thumb/msid-97237978,imgsize-24282,width-400,resizemode-4/97237978.jpg[/IMG]
Image used for representational purpose only

  NAVI MUMBAI: Online payment of Earnest Money Deposit (EMD) for Cidco's Mass Housing Scheme Diwali-2022 has been extended till January 31.

However, applicants are informed that there has been a slight change in the date of computerised draw, which will now be held on February 10 instead of February 8.

Besides, the deadline for online registration has also been extended up to January 31. The earlier registration date was fixed on January 21 and looking at the overwhelming response, Cidco has amended the deadline.











[URL="https://timesofindia.indiatimes.com/city/navi-mumbai/e-payment-for-cidco-housing-scheme-till-january-31/articleshow/97237796.cms#:~:text=NAVI%20MUMBAI%3A%20Online%20payment%20of,10%20instead%20of%20February%208."]E-payment for Cidco housing scheme till January 31 | Navi Mumbai News - Times of India (indiatimes.com)[/URL]"
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E-payment for Cidco housing scheme till January 31

TNN / Updated: Jan 23, 2023, 07:12 IST

Image used for representational purpose only

NAVI MUMBAI: Online payment of Earnest Money Deposit (EMD) for Cidco's Mass Housing Scheme Diwali-2022 has been extended till January 31.

However, applicants are informed that there has been a slight change in the date of computerised draw, which will now be held on February 10 instead of February 8.

Besides, the deadline for online registration has also been extended up to January 31. The earlier registration date was fixed on January 21 and looking at the overwhelming response, Cidco has amended the deadline.











E-payment for Cidco housing scheme till January 31 | Navi Mumbai News - Times of India (indiatimes.com)