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MHADA has signed tripartite and construction agreements for the redevelopment of the historic GTB Nagar colony in Sion Koliwada, Mumbai. The 11.2-acre project will build three high-rise towers to rehabilitate around 1,200 residents.

Govt Amends GR for GTB Nagar Sion Koliwada Redevelopment; Drops Mandatory Housing Society Resolution Clause

The Maharashtra Government has amended its 2024 GR for the GTB Nagar, Sion Koliwada redevelopment, removing the requirement for a society resolution under the 2019 co-operative department norms. The decision is expected to streamline MHADA’s 25-building project under DCPR 33(9).
  • November 17, 2025
ITAT Mumbai has ruled that land cost must be included in real estate project cost under POCM, upholding a ₹47.26 crore tax addition against a developer. The decision impacts how builders calculate revenue in joint development projects.

ITAT Mumbai Upholds ₹47 Crore Tax Addition: Land Cost Must Be Counted in Real Estate Revenue Calculations

ITAT Mumbai has ruled that land cost must be included in real estate project cost under POCM, upholding a ₹47.26 crore tax addition against a developer. The decision impacts how builders calculate revenue in joint development projects.
  • November 17, 2025
Real estate stocks started the day on a weak note as the Nifty Realty index declined and most major developers traded in the red. Broader market caution and global risk sentiment are weighing on the sector, with investors watching interest rates and institutional flows for direction.

🏗️ Realty Stocks Start the Week on a Cautious Note as Markets Open Flat; Large Developers Hold Steady

Real estate stocks opened the week flat, with large developers holding steady while mid-caps remained weak. Analysts expect a cautious, range-bound session as investors await new triggers and monthly presales updates.
  • November 17, 2025
The Maharashtra Government has reconstituted the Balasaheb Thackeray National Memorial Trust, appointing Uddhav Thackeray as Chairman and several political leaders and officials as trustees. The move follows the expiry of the previous term and ensures continuity for the memorial’s development.

Fadnavis Govt Reconstitutes Balasaheb Thackeray Memorial Trust; Uddhav Thackeray Returns as Chairman Aaditya as Trustee

The Maharashtra Government has reconstituted the Balasaheb Thackeray National Memorial Trust, appointing Uddhav Thackeray as Chairman and several political leaders and officials as trustees. The move follows the expiry of the previous term and ensures continuity for the memorial’s development.
  • November 17, 2025
The ED has attached properties worth over ₹51 crore linked to Ocean Seven Buildtech in a money laundering case involving diversion of funds collected from homebuyers for incomplete affordable housing projects. Promoter Swaraj Singh Yadav is accused of orchestrating the fraud through arbitrary cancellations, inflated resales, and misuse of escrow funds. Probe continues.

PMAY Homebuyers Cheated: ED Arrests OSBPL Head for Fraud, Fund Diversion and Cash-Based Resale Racket

The Enforcement Directorate has arrested OSBPL Managing Director Swaraj Singh Yadav for allegedly cheating PMAY homebuyers through fake cancellations, dual sales, and cash-based premiums. Searches recovered ₹86 lakh in cash, and a Delhi court has granted 14-day ED custody.
  • November 17, 2025