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Realty

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Stay updated with the latest news and trends in the realty sector. This tag encompasses various aspects of real estate including property developments, market insights, investment opportunities, and industry news, providing comprehensive coverage for real estate professionals and enthusiasts.

Get the latest news, trends, and insights in the real estate industry. This tag covers a wide range of topics including market analysis, property developments, investment opportunities, and residential and commercial real estate updates. Stay informed about the dynamics shaping the real estate sector.

The Maharashtra Government has approved converting a 7,658 sq.m. municipal plot in Sion from leasehold to freehold and leasing it to the Vishva Hindu Parishad (VHP) for 30 years. The land—reserved for medical and educational use—will require the organisation to pay ₹9.72 crore as freehold premium, plus annual ground rent.

State Allots VHP 1.89 Acres of Land in Sion for a Yearly Rent of ₹10,186

The Maharashtra Government has approved converting a 7,658 sq.m. municipal plot in Sion from leasehold to freehold and leasing it to the Vishva Hindu Parishad (VHP) for 30 years. The land—reserved for medical and educational use—will require the organisation to pay ₹9.72 crore as freehold premium, plus annual ground rent.
In a major policy shift, Maharashtra has raised maintenance charges for SRA flats up to ₹3 lakh. The move could impact developers, project viability, and homebuyers.

SRA Confirms: No Policy Yet for First-Floor Tenants of Chawls; No Redevelopment or Surveys Conducted So Far

SRA has officially stated that no policy exists to rehabilitate first-floor residents of pre-1976 authorized chawls, meaning no redevelopment or surveys have been conducted so far. The clarification responds to queries raised by former MP Gopal Shetty and highlights a major policy gap in Mumbai’s housing system.
In a ruling that empowers dissenting flat owners, Bombay High Court refuses to appoint arbitrator against a Mulund resident who never signed the redevelopment deal — builders can't force private arbitration if you say no from day one.

Govt Approves Land Acquisition for Parel’s K.K. Modi Wani Chawl Redevelopment After 25-Year Delay

The Maharashtra government has invoked Sections 91(A) and 93 of the MHADA Act to acquire the long-stalled K.K. Modi Wani Chawl property in Parel after 25 years of developer inaction, ordering blacklisting and criminal proceedings while empowering MHADA to complete the redevelopment.
A new Maharashtra GR reveals that NMMC has no Executive Engineer with a recognised engineering degree, forcing the government to tweak rules and promote Arvind Shinde despite lacking the mandatory qualification. The decision raises serious questions about recruitment and engineering standards in Navi Mumbai.

Rule Says Only Engineer From Recognised University Can be Navi Mumbai’s Additional City Engineer, Govt Finds None, Tweaks Rule To Fill Post

A new Maharashtra GR reveals that NMMC has no Executive Engineer with a recognised engineering degree, forcing the government to tweak rules and promote Arvind Shinde despite lacking the mandatory qualification. The decision raises serious questions about recruitment and engineering standards in Navi Mumbai.
MahaRERA rules builder's one-sided termination — issued 4 years after homebuyers' complaint — cannot cancel statutory delay interest rights under RERA while project incomplete, granting interest from Jan 2022 till possession with OC in Ruparel Skygreens I case.

RERA Can’t Guarantee Delivery: MahaRERA Orders Justice After 5-Year Delay

A MahaRERA order highlights that RERA registration does not ensure timely possession. After a five-year legal fight, a homebuyer secured a refund with interest as the authority found the developer guilty of defaulting even after signing the agreement post-RERA implementation.