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Varun Singh, is a Senior Journalist who has extensively covered the Real Estate Sector for over one and half decade. His articles, insights, and opinion on the sector are widely read.
As markets moderate and growth expectations cool, India’s rich continue to bet big on luxury homes, driven by long-term confidence, wealth creation, and the scarcity of prime assets.

While Markets Slow, India’s Rich Keep Betting Big on Luxury Homes

As markets moderate and growth expectations cool, India’s rich continue to bet big on luxury homes, driven by long-term confidence, wealth creation, and the scarcity of prime assets.
In a key February 2026 decision, MahaREAT ruled that homebuyers withdrawing from delayed projects under RERA are entitled to interest from the promoter's receipt of payments—not from later default dates—overturning a MahaRERA order in the Mullaji vs. Onyx Builders case involving stalled projects in Kurla West, Mumbai.

Don’t Book Before the Developer-Society Deal is Sealed: Khar Homebuyers Paid the Price with No Interest on Refund

In a January 2026 ruling, MahaRERA directed Parthesh Developers to refund full amounts paid by buyers Rajiv Dayal and Ashok/Jyoti Narang in the lapsed Ganga Jamna Sangam project — but without interest. The Authority cited the absence of a registered Agreement for Sale and the fact that 2010 allotment letters were issued before the 2011 redevelopment agreement, rendering transactions preliminary and ineligible for statutory interest.
India’s property buyers are making decisions faster, with average deal closure time falling to 26 days in 2025 and premium ₹2–3 crore homes selling in just 15 days, according to ANAROCK data.

Cancellation Loss Allowed – But Only in the Right Year: Key ITAT Ruling for Mumbai Builders

ITAT Mumbai has clarified that real estate developers can claim losses from cancelled bookings, but only in the financial year the reversal actually occurs — and only after proving no double deduction. The ruling also protects old scrutiny assessments from being invalidated due to Income Tax Department jurisdiction changes during cadre restructuring.
The Mumbai ITAT has ruled that a real estate developer cannot be denied a tax deduction merely due to alleged fraud by a recipient trust’s employee, allowing Aakash Value Realty’s ₹1.79 crore claim under Section 35(1)(ii).

ITAT Mumbai Clears Real Estate Developer of Fraud Allegations, Allows ₹1.79 Crore Tax Deduction

The Mumbai ITAT has ruled that a real estate developer cannot be denied a tax deduction merely due to alleged fraud by a recipient trust’s employee, allowing Aakash Value Realty’s ₹1.79 crore claim under Section 35(1)(ii).
Mumbai Metro Line 9 is nearing the launch of its first phase between Dahisar and Kashigaon, a development expected to reduce commute times and boost real estate demand across the Dahisar–Mira-Bhayandar corridor.

Mumbai Metro Line 9 Nears Partial Launch, Lifting Realty Sentiment in Dahisar–Mira-Bhayandar Corridor

Mumbai Metro Line 9 is nearing the launch of its first phase between Dahisar and Kashigaon, a development expected to reduce commute times and boost real estate demand across the Dahisar–Mira-Bhayandar corridor.