In this Episode of SaudaGhar Weekly News we have covered all the latest happenings in Real Estate. MahaRERA has brought some big changes which will help a new home buyer to know all the details about their parking. Now developer will have to mention all the details of the parking, the number, type and size as well as the place where parking is allotted. For open parking areas 2D details are to be mentioned, length x breadth. For covered parking areas 3D details are to be mentioned, length x breadth x height.
The Maharashtra State Road Development Corporation (MSRDC) is set to implement the state's first Intelligent Traffic Management System (ITMS) on the Mumbai-Pune Expressway. This system, aimed at modernizing traffic management and enhancing road safety, will become operational by the first week of June. The expressway sees an average traffic flow of around 40,000 vehicles on weekdays and 60,000 on weekends, according to highway police and senior MSRDC officials.
In a significant development, the High Court has lifted the stay on the acquisition of a key property fronting the Khadki railway station, removing a major obstacle in the widening of the old Mumbai-Pune Highway. The property, which houses Jaihind Cinema and a hotel, had been a contentious issue in the Municipal Corporation's road expansion plan.
Jaihind Cinema, located opposite Khadki railway station, is currently on a 99-year lease from the Khadki Cantonment Board. Recently, the cinema space was also used to accommodate a hotel, complicating the land acquisition process for the highway project.
The case was heard by Justice Nitin Jamdar and M. M. Sathye, who upheld the compensation assessment conducted by the Public Works Department. The court ordered that the agreed compensation amount be deposited, thereby lifting the stay on the property's acquisition.
This court ruling marks a critical step forward in the highway expansion project, which is expected to alleviate traffic congestion and improve connectivity between Mumbai and Pune.