Omkar 1973: Builder Delayed Possession, MahaRERA Denied Interest & Cut 2%; Tribunal Grants Full Refund + Interest

In a landmark ruling, the Maharashtra Real Estate Appellate Tribunal has directed Omkar Realtors to refund ₹7.69 crore plus interest from 2016 to a family for a flat in the stalled Omkar 1973 project, overturning MahaRERA’s order that denied interest and allowed a 2% deduction.

MHADA Targets 13,012 Homes in FY27, ₹17,430 Cr Budget Approved for Affordable Housing Push

MHADA has approved a ₹17,430 crore budget for FY27 and plans to build 13,012 homes across Maharashtra, significantly boosting affordable housing supply in key cities like Mumbai and Pune.

MahaRERA Rejects Joint Complaints by Homebuyers Seeking Individual Reliefs

MahaRERA has partly allowed a complaint by 11 flat buyers in the Gaurav Samruddhi project but rejected most individual reliefs, citing the procedural bar on joint complaints for personal grievances and directing buyers to file separate complaints or approach through their registered society for collective issues. The Authority ordered the developer to obtain the Occupation Certificate within 30 days.

BMC to Launch AI-Driven Approval System to Speed Up Real Estate Projects in Mumbai

Mumbai’s BMC will introduce an AI-driven platform to speed up real estate approvals, improve transparency, and enhance ease of doing business for developers and investors.

India Real Estate Sees $4.3 Bn PE Investment Surge in FY26, Deal Activity Hits 7-Year High

India’s real estate sector recorded USD 4.3 billion in PE investments across 60 deals in FY26, marking a 7-year high, with office assets leading and domestic capital hitting a multi-year peak.