Eldeco Group

BDD chawls are all set to be brought down to make way for tall buildings that will rehabilitate over 15,500 families staying in Naigaon, Lower Parel and Worli. While the Naigaon area is being redeveloped by L&T, Shapoorji & Pallonji are working in Lower Parel area and recently Tata Group has been awarded the tender for redeveloping Worli area.

National Building Construction Company, along with four other construction companies, has shown interest in buying insolvency-hit Jaypee Infratech. On August 9, the Supreme Court had handed over the case to the Allahabad Bench of the NCLT for resolution in six months. Last year, when Lakshadweep Pvt Ltd, a joint venture between Sudhir Valia-led Suraksha Asset Reconstruction Company and Mumbai-based Dosti Realty, won the bid to buy the company for Rs 7,350 crore, Jaypee declined the offer on the grounds of undervaluation.

Pressure groups can help homebuyers voice their problems. These groups ensure that home buyers' rights are safeguarded and their problems are addressed in an effective manner.

The City and Industrial Development Corporation says it would hold a draw of lots for sale of 2,000 homes meant for the EWS and LIG categories in the last week of December. On October 2, the Cidco, the agency responsible for building infrastructure in Navi Mumbai, held the online draw to allot affordable homes under its Mega Housing Scheme 2018. The scheme, launched on August 11, had over 14,000 housing units on sale in different parts of satellite town.

Under the Maharashtra Housing and Area Development Authority’s housing scheme for 2018, over 1,100 low-cost apartments will be sold in December. The authority will release an advertisement on November 5 announcing the housing lottery, with about 45 days available for homebuyers to apply. This year, about 500 units will be reserved for low-income group with 283 units for the economically weaker sections. MakaaniQ tells you all about the Mhada Lottery Scheme 2018 and the process for application.