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A homebuyer paid in full for a flat in Kanakia Hollywood, Versova, took possession in 2019, and now cannot sell it because BEST is refusing NOC. MahaRERA has outright rejected his complaint, leaving him to fight alone. A classic case of “buyer beware” in leasehold projects.

MahaRERA Orders Interest for Delayed Possession in Kalyan’s Vrundavan Project

MahaRERA directs Shree Vasturachana Developers to pay interest for delayed possession in Vrundavan project, Kalyan, as physical handover without OC ruled invalid. Buyer wins compensation under Section 18.
  • May 11, 2026
Real estate stocks opened mixed on Monday as Indian markets turned volatile amid global uncertainty and macroeconomic concerns. While developers like Godrej Properties and DLF showed resilience, several other realty counters remained under pressure, pointing to a stock-specific and volatile trading session ahead.

Realty Stocks Open Mixed as Dalal Street Turns Volatile; Large Developers Under Spotlight

Real estate stocks opened mixed on Monday as Indian markets turned volatile amid global uncertainty and macroeconomic concerns. While developers like Godrej Properties and DLF showed resilience, several other realty counters remained under pressure, pointing to a stock-specific and volatile trading session ahead.
  • May 11, 2026
In a landmark ruling, Bombay HC has termed the 2020 auction of NSEL-attached land a “scam within a scam”. A 35-acre Haryana plot valued at ₹60 crore was sold for just ₹10 crore amid rigged valuation, fake publicity and collusion. Court orders fresh transparent auction and returns buyer’s money.

‘Scam Within a Scam’: Bombay HC Exposes ₹50 Cr Fraud in NSEL Land Auction

In a landmark ruling, Bombay HC has termed the 2020 auction of NSEL-attached land a “scam within a scam”. A 35-acre Haryana plot valued at ₹60 crore was sold for just ₹10 crore amid rigged valuation, fake publicity and collusion. Court orders fresh transparent auction and returns buyer’s money.
  • May 11, 2026
The Rais booked a flat in 2013, paid ₹79 lakh, and were promised possession by December 2017. What followed was a developer collapse, a project takeover, a majority consent exercise they never agreed to — and a regulator that told them to cooperate. The tribunal disagreed.

MahaRERA Told Homebuyers to Cooperate. Tribunal Tells Builder to Pay Up

The Rais booked a flat in 2013, paid ₹79 lakh, and were promised possession by December 2017. What followed was a developer collapse, a project takeover, a majority consent exercise they never agreed to — and a regulator that told them to cooperate. The tribunal disagreed.
  • May 11, 2026
The Government of Maharashtra has doubled the FSI-free allowance for wellness and recreational facilities in housing societies — from 2% to 4% of total BUA — under an amendment to DCPR 2034 notified on 6 May 2026. The revision also expands permitted uses to include Meditation Centres and Recreational Activities alongside existing Yogalayas and Fitness Centres, and introduces a new provision for commercial buildings.

Housing Societies Get Double the Free Space for Gyms & Wellness Centres

The Government of Maharashtra has doubled the FSI-free allowance for wellness and recreational facilities in housing societies — from 2% to 4% of total BUA — under an amendment to DCPR 2034 notified on 6 May 2026. The revision also expands permitted uses to include Meditation Centres and Recreational Activities alongside existing Yogalayas and Fitness Centres, and introduces a new provision for commercial buildings.
  • May 10, 2026