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Punes Hinjewadi-Shivajinagar metro gets Rs 1,300 crore from centre

The 23.3-km-long Hinjewadi-Shivajinagar stretch would be the third Metro corridor in the city and is expected to cost Rs8,313 crore.
The state government had approved the proposal for the Metro stretch in the first week of January. According to the Centre’s new Metro policy, the project was awaiting the Centre’s 20% viability-gap funding of Rs1,300 crore. The state is supposed to generate Rs812 crore.
The delay in allocation had raised questions about the viability of the model. Finally, the central government’s finance depa...

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Ready Reckoner rates in Maharashtra to remain unchanged in 2018-19

This is the second time after 2009 that the government decided to maintain a status quo on Ready Reckoner (RR) rates. Last year, the RR rates were increased by 5.86% on an average. The state government earlier in the month had introduced a provision that would allow reduction in Ready Reckoner rates with an amendment in the Bombay Stamp (Determination of True Market Value of Property) Rules 2018. It allowed the Chief Controlling Revenue Authority for the first time to either increase or decrease the RR rates as well as give the discretion to...

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MahaRERA to map registered real estate projects through GIS technology

MahaRERA will be a year old on May 1. The GIS facility will mark the occasion, MahaRERA authorities said. “The new feature will enable mapping of registered projects. This, in turn, will allow prospective buyers to get an idea of projects in their area of interest, details and amenities in the vicinity,” MahaRERA secretary Vasant Prabhu said. The GIS will add more to the project’s profile than a developer advertising about his RERA registration, he added. Chief minister Devendra Fadnavis has been advocating GIS mapping of all register...

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Stamp and registration department goes cashless in Pune

The facility will be introduced for Pune district and then replicated in the state from May 1, said state IGR Anil Kawade. State revenue minister Chandrakant Patil announced the facility on Saturday While the department had been accepting registration and stamp duty charges through e-payment, offices under IGR were accepting payment for document handling charges only in cash. With the e-payment facility being launched under Digital India Programme, all IGR offices will go cashless, the officials said. “Citizens will have to make the e-paym...