MahaREAT Landmark Ruling: Housing Societies Not Automatically ‘Promoter’ for Erstwhile Developer’s Liabilities

The Maharashtra Real Estate Appellate Tribunal (MahaREAT) set aside a MahaRERA order, ruling that a cooperative housing society that terminates a developer and undertakes self-redevelopment is not a ‘Promoter’ under RERA and is not liable for the former developer’s debts or obligations to third-party allottees.

🏭 Industrial & Logistics Saw No Deals This Half-Year — A Surprising Pause in India’s Real Estate Growth Story

Industrial & Logistics real estate saw zero PE deals in H1 FY26, a sharp drop from its 47% share last year. While investor interest remains strong, timing gaps and valuation resets have delayed closures. The pause could ripple into job markets and residential corridors near logistics hubs.

35% Green Space Now Mandatory in Mumbai’s SRA Projects

A new government circular mandates that all SRA schemes on reserved land must keep 35% of the total plot area as contiguous, developed public open space with free citizen access. A Special Monitoring Committee has been formed to prevent violations and ensure the developed park is handed over to the local municipality within 90 days of project completion.

🏗 Builders to Pay Corpus First in SRA Projects Before Selling Homes

Maharashtra has tightened rules for SRA projects, requiring developers to deposit the full rehab corpus before selling free-sale flats. The move aims to plug financial gaps, secure slum rehabilitation funds, and speed up redevelopment timelines in Mumbai.

🏡 35 Lakh Homes, ₹50 Lakh Crore Investment: Maharashtra Unveils Massive Housing Push for MMR

Maharashtra has unveiled a ₹50 lakh crore plan to construct 35 lakh homes over the next five years, with 30 lakh targeted for the Mumbai Metropolitan Region by 2030. The drive focuses on redevelopment, slum rehabilitation, and affordable housing to transform the urban landscape.