In a move to accelerate rehabilitation, MHADA has lowered charges for extra space allotment to 100% of RRR for eligible cessed building residents, applicable from December 2023 onwards.

MHADA is set to redevelop 13,000 aging cessed buildings in South Mumbai, starting with a structural audit of 1,000 properties by March. This initiative aligns with Maharashtra’s 100-day action plan, aiming to ensure safety and improve living conditions.

In one of the largest commercial deals in recent times, real estate firm Aparna Constructions has bought office buildings spread across 4.3 lakh sq ft for Rs 247.5 crore in Hyderabad, documents accessed by Propstack showed.