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Mumbai Tribunal rules that once a developer exits a redevelopment project by terminating the agreement, RERA loses jurisdiction. Flat buyers who paid ₹50 lakh each were told to approach Civil Court instead. A must-read warning for all homebuyers in society redevelopment projects.

30-Feet Ghost from 1943 Haunts Mumbai Redevelopment

An 80-year-old private deed from 1943 has halted a Mumbai society’s high-rise dreams. Bombay HC says the 30-ft ‘ghost’ still haunts redevelopment—until trial proves otherwise.
A new JLL report reveals that India’s REIT sector is poised for a massive ₹10.8 trillion growth opportunity across office and retail segments by 2029. With market capitalization crossing ₹1 trillion and REIT portfolios expanding to 174 million sq. ft., India is entering a high-growth REIT cycle supported by strong occupancies and institutional participation.

India REIT Market Crosses ₹1 Trillion Milestone, Eyes a Multi-Year Growth Cycle

A new JLL report reveals that India’s REIT sector is poised for a massive ₹10.8 trillion growth opportunity across office and retail segments by 2029. With market capitalization crossing ₹1 trillion and REIT portfolios expanding to 174 million sq. ft., India is entering a high-growth REIT cycle supported by strong occupancies and institutional participation.
“Being the owner gives you preferential rights, but not unlimited time.” In a firm order, SRA removes a private landowner as developer after three years of zero progress on a Lower Parel slum scheme, prioritising slum dwellers’ right to timely rehabilitation.

HC Imposes ₹1 Lakh Fine for Misleading Claim About Knowing Property Was Auctioned

The Bombay High Court has dismissed two writ petitions filed by Nashik-based borrowers after finding that they made “deliberately false statements” about their knowledge of a 2009 property auction. Calling it a misuse of judicial time, the court imposed ₹1 lakh costs and upheld the refusal to condone a 12-year delay.
Actor Sonu Sood

Sonu Sood Sells Mahalaxmi Apartment for ₹8.10 Crore

Actor Sonu Sood has sold his luxury apartment in Lokhandwala Minerva, Mahalaxmi, for ₹8.10 crore, according to IGR Maharashtra records reviewed by Square Yards. The 1,247 sq. ft. property, purchased in 2012 for ₹5.16 crore, reflects a significant rise in South Mumbai’s real estate values.
MHADA

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.