Market News
Mumbai real estate, curated. Article dates shown honestly — some stories are archival.
Experts, homebuyers welcome replacement of jail term provision in...
The recent amendment to housing law, which replaces the provision for jail terms with monetary penalties, has been positively received by both experts and homebuyers. This change is viewed as a more…
Maharashtra govt to move SC against Bombay HC order on 254 acre...
The Maharashtra government is set to challenge a recent Bombay High Court ruling regarding a significant 254 acres of land by appealing to the Supreme Court. This move indicates the government's…
Landowners & builders equally accountable for project delay:...
A recent ruling has established that both landowners and developers share equal accountability for delays in real estate projects. This decision expands the scope of liability, ensuring that…
Be realistic in your advertisements: RERA officials to real estate...
The real estate regulator has issued a directive aimed at ensuring that developers maintain realistic standards in their advertising practices. This advisory is particularly focused on preventing…
Bombay HC orders Maharashtra government to refund ₹3 lakh stamp...
The Bombay High Court has recently ruled in favour of a homebuyer, ordering the Maharashtra government to refund ₹3 lakh in stamp duty. This decision highlights the rights of property buyers to…
MahaRERA cracks down on errant builders; issues notices over 8,212...
MahaRERA has taken significant steps to address non-compliance among developers by issuing notices related to 8,212 projects throughout Maharashtra. This initiative aims to hold builders accountable…
Bombay HC orders razing of 16-storey Ulhasnagar building over...
The Bombay High Court has mandated the demolition of a 16-storey building in Ulhasnagar due to significant violations of sanctioned plans and building regulations. This ruling highlights the court's…
Government replaces building code with a new standard, retains...
The government has introduced a new unified standard to replace the existing building code, which will significantly impact construction practices in Mumbai and across India. This revised framework…
How MahaRERA's circular 50/2025 changes the cancellation deadlock...
MahaRERA's recent circular 50/2025 introduces significant changes to the processes surrounding booking cancellations in the real estate sector. This new framework aims to resolve the long-standing…
A Simple Guide to Mumbai Stamp Duty and Registration Charges in 2026
For anyone considering purchasing property in Mumbai, understanding the associated costs of stamp duty and registration charges is crucial. As of early 2026, these costs can significantly impact the…
Ulhasnagar Civic Body Names 100 Major Property Tax Defaulters, Plans Action Against Them
The Ulhasnagar Municipal Corporation (UMC) has taken a significant step in addressing the issue of property tax defaults by identifying the 100 largest defaulters in the city. This action comes after…
MahaRERA Freezes Bank Accounts of Over 1,950 Stalled Real Estate Projects
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has taken a decisive step to enhance transparency and safeguard the interests of homebuyers by freezing the bank accounts of over 1,950…
Supreme Court Reverses Bombay HCs Order on Century Cotton Textile Mill Land in Worli
The Supreme Court has issued a significant ruling regarding the land previously leased to Century Textiles and Industries Ltd in Worli, overturning a decision made by the Bombay High Court. This…
Kalyan-Dombivli Civic Body to Demolish 10-Storey Illegal Building
The Kalyan-Dombivli Municipal Corporation (KDMC) has initiated plans to demolish Yusuf Height, a 10-storey building that was constructed illegally on land designated for a garden and night shelter…
Builders Default in Updating 5230 Projects in Mumbai Metropolitan Region - MAHARERA
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has taken significant action against developers in the Mumbai Metropolitan Region (MMR) by issuing show-cause notices to 11,000 lapsed…
When Old Buildings Cannot Redevelop - Challenges in South Mumbai's Real Estate
In South Mumbai, older buildings that do not have the potential for redevelopment face a variety of outcomes shaped by their structural conditions, legal frameworks, and market demand. These…
No OC - Still you can get Deemed Conveyance - Bombay High Court Ruling
The recent ruling by the Bombay High Court has significant implications for flat buyers in Mumbai, particularly regarding their rights under the Maharashtra Ownership of Flats Act (MOFA). The court's…
Understanding Leave and License Agreements in Mumbai
In Mumbai's competitive rental market, the Leave and License Agreement (LLA) serves as a crucial legal document for both property owners and tenants. Understanding the nuances of this agreement is…
Understanding Capital Gains on Sale of a Flat
Selling a flat or any immovable property can yield substantial financial gains, but it is essential to understand the tax implications that accompany such transactions. Capital gains, tax deducted at…
Formed a New Housing Society, Checkout Responsibilties.
Forming a new housing society, particularly a Co-operative Housing Society (CHS), comes with a set of responsibilities that are crucial for its smooth operation. Understanding the roles of key office…
MahaRERA Holds Rating Systems for Mumbai Property Market
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has recently decided to suspend its planned grading system for real estate projects in Mumbai. This grading initiative was intended to…
Income Tax Tribunal Approves Exemption for Two Flats Treated as a Single Home - Section 54F
A recent ruling by the Income Tax Appellate Tribunal (ITAT) in Mumbai has provided clarity on how taxpayers can claim tax benefits when investing in two adjoining flats that are used as a single…
SEBI Chief Refrains from Commenting on Real Estate Investment Trusts Amid Conflict of Interest Allegations
The recent remarks by the Chief of the Securities and Exchange Board of India (SEBI), Madhabi Puri Buch, have stirred discussions in the real estate investment community. During a CII-organized…
Bombay HC Orders Seven Members in Way of Society Redevelopment to Vacate or Pay Rs 5 Lakh
The Bombay High Court has mandated that seven members of a housing society in Chakala, Andheri (East) must either vacate their flats within two weeks or face a penalty of Rs 5 lakh. This ruling comes…
Bombay High Court Denies Relief to 41 Illegal Vasai Buildings Facing Demolition
The Bombay High Court has recently ruled against providing any relief to 41 buildings in Vasai, located in the Palghar district. The court deemed these structures as "wholly illegal and unauthorized"…
Bombay HC Criticizes State and SRA for Delays in Wadala Redevelopment Project
The Bombay High Court has expressed strong disapproval of the State government and the Slum Rehabilitation Authority (SRA) for their failure to resolve the stalled redevelopment project in Wadala…
Bombay HC Nullifies Allotment of Plot Reserved for Sports Complex to Progressive Homes
The Bombay High Court has recently ruled that the Maharashtra government must reclaim 20 acres of land in Ghansoli, Navi Mumbai, which was originally designated for a sports complex. This ruling…
The Bombay High Court has strongly criticized the Maharashtra government and the Slum Rehabilitation Authority (SRA) for significant delays in replacing the builder of a redevelopment project.
The Bombay High Court has expressed strong disapproval of the Maharashtra government and the Slum Rehabilitation Authority (SRA) for their failure to promptly replace the developer of a stalled…
MCGM Declines Stop Work Notice for Godrej Properties' Kandivali Project
The Municipal Corporation of Greater Mumbai (MCGM) has opted not to issue a stop work notice for Godrej Properties' residential project in Kandivali, despite concerns raised by the defence ministry's…
Common JVPD Plots Belong to 14 Housing Societies, Not Mhada
A recent ruling by the Bombay High Court has clarified the ownership of common plots in the upscale Juhu Vile Parle Development (JVPD) area of Mumbai. The court determined that these plots, which…
MahaRERA to Enforce Grievance Redressal Cells for Realty Projects
The Maharashtra Real Estate Regulatory Authority (MahaRERA) is taking significant steps to enhance the grievance redressal mechanism within the real estate sector. Despite a directive mandating…
New Committee Appointed to Study Amendments to Maharashtra Apartment Ownership Act
The Maharashtra state government has recently formed a new 10-member committee to review and propose amendments to the Maharashtra Apartment Ownership Act, 1970. This development follows the…
Transfer Fees - Is it Justifed by Societies?
In South Mumbai, the practice of charging transfer fees by housing societies has come under scrutiny, particularly as these fees often exceed the legal cap of Rs 25,000. Despite this regulation…
Capital Gains After Selling a Property
Understanding capital gains after selling a property is crucial for homeowners and investors in Mumbai. The implications of capital gains tax can significantly affect the financial outcome of a…
RBI imposes 5000 Penalty Per Day on Delay if Original Documents not returned on time
The Reserve Bank of India (RBI) has introduced new guidelines aimed at ensuring that banks and lending institutions promptly return property documents to borrowers after they have fully repaid their…
Bought a Flat - Guide to Co-operative Housing Society Formation
As Mumbai continues to see a surge in new residential developments, the formation of co-operative housing societies is becoming increasingly relevant for homebuyers. These societies provide a…
Leave and License Agreement Mumbai
In Mumbai, the Leave and License Agreement serves as a fundamental legal document for property rentals. This agreement establishes a binding contract between the property owner, known as the…
Why is Co-operative Housing Society NOC required for Selling Flats in Mumbai
In Mumbai, selling a flat or transferring ownership rights involves a crucial step: obtaining a No Objection Certificate (NOC) from the Co-operative Housing Society (CHS). This requirement…
TDS on Rent Payment on Flats
The recent mandate regarding Tax Deducted at Source (TDS) on rent payments in Mumbai has significant implications for both tenants and property owners. Under the leave and license agreement, tenants…
What is Capital Gains when you Sell a Property in Mumbai
When selling a property in Mumbai, understanding capital gains is crucial for determining your tax liabilities. Capital gains refer to the profits made from selling a property for more than its…
MahaRERA Services for Developers, Buyers and Agents
The MahaRERA portal is a vital online platform that plays a crucial role in the real estate sector in the Indian state of Maharashtra. It is a comprehensive online platform that enables real estate…
Home Buyers to get Interest in case of Delayed Possession
A recent judgement by the National Consumer Dispute Redressal Commission (NCDRC) has established that home buyers are entitled to receive interest as compensation for delays in possession of their…
Maha RERA Helpline Number 18002103770
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has introduced a dedicated helpline to enhance transparency and provide a platform for home buyers to address their concerns, particularly…
Difference between General Power of Attorney and Specific POA
The ongoing Covid situation has made it challenging for many individuals to travel for executing property documents. As a result, home buyers and sellers in Mumbai and across India are increasingly…