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MahaRERA Stops Lender’s Bid to ‘Hijack’ Stalled Project: IIFL’s Promoter Change Plea Rejected
In a decisive blow to lender overreach, MahaRERA dismissed IIFL’s plea to revoke Shreeji Enterprises’ role in the stalled Woodshire project, emphasizing RERA’s focus on allottees over private disputes. The order also grants partial relief to a homebuyer, probes potential double sales, and imposes a project freeze, highlighting ongoing challenges in India’s real estate sector.
DN Nagar and Dahisar Transmission Towers to Be Shifted; Incentive FSI & TDR Policy to Unlock Stalled Redevelopment in Mumbai Funnel and Defence Zones
The Maharashtra government has announced the shifting of transmission towers at DN Nagar and Dahisar, along with an incentive FSI and TDR policy to revive redevelopment projects stalled for over 15 years in Mumbai’s funnel and defence-restricted zones, offering relief to thousands of middle-class families.
Stamp Duty Refunds Now Virtually Guaranteed for Unexecuted Flat Agreements
In a relief for homebuyers, the Bombay High Court has ruled that stamp duty paid on never-signed flat agreements must be refunded in full, even years later—declaring it “unjust enrichment” for the state and prioritizing family hardships over procedural delays.