MahaRERA Dismisses Homebuyers’ Refund Plea as They Relinquished Property to Lender

MahaRERA has ruled that homebuyers who relinquish their property to a lender lose their right to claim refunds from the developer. In a case involving the Zeal Regency project, two buyers sought a refund after the project was delayed, but MahaRERA dismissed their plea, citing that they had surrendered ownership to the lender, who later auctioned the flat.

MUMBAI PROPERTY REGISTRATIONS FALL IN FEBRUARY 2025 AMID MARKET SLOWDOWN

In February 2025, Mumbai saw 12,066 property registrations generating ₹935 crore in stamp duty revenue—up slightly from February 2024 but down compared to January and December figures—indicating a nuanced shift in the market with fewer transactions but higher average values.

31% Women Now Buy Homes for Investment, 52% Prefer Premium Properties

Indian women are increasingly investing in real estate, with 31% now purchasing homes for investment, up from 21% in 2022, as per the ANAROCK H2 2024 survey. Over 52% of women prefer properties priced above ₹90 lakh, while real estate has solidified its position as the most preferred investment option for 70% of women. The survey also reveals a growing preference for under-construction homes, highlighting a shift towards long-term capital appreciation.

MahaRERA Clarifies: Possession Without an OC is Not Legally Recognized

MahaRERA has clarified that possession of a property without an Occupancy Certificate (OC) is not legally valid. In a case involving the LEO Group Housing Complex, the regulatory body ruled that homebuyers living in such properties do not hold legal possession. The authority has imposed penalties on the developer and allowed affected buyers to claim compensation for delayed possession.

Rohit Sharma Puts His Mumbai Apartment on Rent for ₹2.60 Lakh Per Month

Indian cricket star Rohit Sharma has put his luxury apartment in Lower Parel, Mumbai, on rent for ₹2.60 lakh per month. The property, located in Lodha Marquise – The Park, was originally purchased in 2013 for ₹5.46 crore and offers a 6% rental yield. Sharma and his father also own another apartment in the same complex, leased out in October 2024. Known for his record-breaking performances on the field, Sharma’s smart real estate investments continue to add to his financial portfolio.