India’s Top Realtor Body Declares War on MagicBricks Over ‘Anti-Broker’ Campaigns

In a dramatic showdown, NAR-India has issued a nationwide directive cutting ties with MagicBricks, accusing the real estate platform of disrespecting and misleading the broker community. The apex body is demanding a public apology, while urging regulators to take action.

Mumbai Sees 6% Residential Price Surge

Mumbai’s residential prices rose 6% in Q1 2025, leading the national real estate market. According to a real estate research and brokerage firm, despite rising costs, cities like Mumbai, Pune, and Chennai recorded strong sales, driven largely by premium and luxury housing demand.

Mumbai Funnel Zone Redevelopment Eases: Building Height Limit Raised to 18 Metres

The Maharashtra government has raised the maximum permissible height for buildings in the Mumbai Airport funnel zone to 18 meters, easing redevelopment for aging societies and tenanted structures. The move aims to balance aviation safety with urban housing needs.

MHADA to Hold Mumbai Lottery for 5,000 Homes

MHADA’s Mumbai Board will conduct a lottery for 5,000 affordable homes around Diwali 2025. The homes, catering to EWS, LIG, MIG, and HIG categories, offer a crucial opportunity for homebuyers struggling with high property prices in Mumbai.

Vicky Kaushal Renews Juhu Apartment Lease, Will Pay Rs. 6.2 Crore Over Three Years

Bollywood actor Vicky Kaushal has renewed his lease for a luxury apartment in Juhu, Mumbai, agreeing to pay approximately Rs. 6.2 crore over three years. The deal includes exclusive rights to three parking spaces and covers a spacious apartment in the Raj Mahal project.