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In a significant order pronounced on 17 March 2026, the Bombay High Court has finally put an end to the long-pending litigation over the Kanjur Marg salt pan land, dismissing the lessee’s suit as infructuous after the 99-year lease term expired on 14 October 2016. The ruling paves the way for the Union of India and state agencies to proceed with development on the 500-acre Arthur and Jenkins Salt Works parcels.

Kanjur Marg Salt Pan Land: Bombay High Court Dismisses 21-Year-Old Suit as 99-Year Lease Expires, Clears Path for Development

In a significant order pronounced on 17 March 2026, the Bombay High Court has finally put an end to the long-pending litigation over the Kanjur Marg salt pan land, dismissing the lessee’s suit as infructuous after the 99-year lease term expired on 14 October 2016. The ruling paves the way for the Union of India and state agencies to proceed with development on the 500-acre Arthur and Jenkins Salt Works parcels.
  • March 18, 2026
MHADA

MHADA Conducts Lottery for 943 Homes

MHADA conducted a lottery for 943 homes in Nashik and Chhatrapati Sambhajinagar, witnessing strong demand and reinforcing the need for affordable housing in Maharashtra.
  • March 18, 2026
Real estate stocks opened on a cautious note despite a strong start in Indian markets. While large developers showed resilience, broader sector sentiment remains weak, pointing to a range-bound and stock-specific trading session ahead.

Realty Stocks See Selective Buying as Markets Open Higher; Sector Remains Range-Bound

Real estate stocks opened on a cautious note despite a strong start in Indian markets. While large developers showed resilience, broader sector sentiment remains weak, pointing to a range-bound and stock-specific trading session ahead.
  • March 18, 2026
MHADA has partnered with MahaTennis Foundation to develop a 2-acre tennis infrastructure project in Andheri, aiming to boost sports facilities and player development in Mumbai.

2 Acre Tennis Infra in Mumbai

MHADA has partnered with MahaTennis Foundation to develop a 2-acre tennis infrastructure project in Andheri, aiming to boost sports facilities and player development in Mumbai.
  • March 18, 2026
Oberoi Realty has signed a development agreement for MHADA-owned land in Versova’s Aram Nagar, with an estimated free sale potential of 17.18 lakh sq ft under DCPR 2034, subject to approvals.

Oberoi Realty Signs MHADA Deal for Versova Project; 17.18 Lakh Sq Ft Sale Potential

Oberoi Realty has signed a development agreement for MHADA-owned land in Versova’s Aram Nagar, with an estimated free sale potential of 17.18 lakh sq ft under DCPR 2034, subject to approvals.
  • March 17, 2026