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Members of the Alkem Laboratories founder family have acquired a ₹62.81-crore ultra-luxury penthouse in Bandra’s Perry Road, reinforcing the area’s status as Mumbai’s premier luxury residential micro-market.

Alkem Laboratories Founder Family Buys ₹62.81-Crore Ultra-Luxury Penthouse in Bandra

Members of the Alkem Laboratories founder family have acquired a ₹62.81-crore ultra-luxury penthouse in Bandra’s Perry Road, reinforcing the area’s status as Mumbai’s premier luxury residential micro-market.
  • January 3, 2026
Maharashtra clears ₹220 crore under PMAY (Urban) to accelerate affordable housing projects, improving access to homes for urban families.

Mumbai Real Estate Clocks 14-Year High: Property Registrations Cross 1.5 Lakh Mark in 2025

Mumbai’s real estate market delivered its strongest performance in over 14 years…
  • January 3, 2026
The Maharashtra government has cleared a ₹20,000-crore Mumbai Police Housing Township Project to construct up to 45,000 service homes, addressing severe housing shortages faced by Mumbai Police personnel.

Can Mumbai Police Finally Own Their Homes? Maharashtra Sets Up High-Level Panel to Study Ownership Rights in Police Colonies

Maharashtra government forms high-level committee to study whether Mumbai police housing colonies can be converted into ownership homes for police officers and staff.
  • January 3, 2026
“In a dramatic turn, the Bombay High Court has ruled that 6 votes were not enough to remove the Chairperson of a Goregaon housing society because a newly appointed member’s voting right was denied — turning a 0.67 fraction into the decisive factor in a bitter redevelopment battle.”

Big Changes Ahead for Housing Societies? Maharashtra Sets Up High-Level Panel to Rewrite Cooperative Law

Maharashtra has set up a high-level expert committee to overhaul the Cooperative Societies Act and related rules—a move that could significantly impact housing society governance, elections and member rights across the state.
  • January 3, 2026
In a landmark relief for homebuyers, the Ministry of Housing and Urban Affairs has enforced the amendment to RERA Section 68 effective 7 May 2026. The provision for up to one year’s imprisonment has been completely removed and replaced with a civil penalty of up to 10% of the property cost. The change is part of the Jan Vishwas (Amendment of Provisions) Act, 2026.

Do You Know Homebuyers Can Face Jail Too for Disobeying MahaRERA Tribunal Orders?

RERA is not just about punishing builders. Under MahaRERA, even homebuyers can face penalties—and jail—for ignoring Tribunal orders. Here’s what the law actually says.
  • January 2, 2026