Square Feat India

The Maharashtra government has granted a ₹22,250 crore state guarantee to MSRDC for raising funds from HUDCO to acquire land for the Virar–Alibaug Multi-Modal Corridor. The approval comes with strict repayment conditions, escrow controls, and a revised financial structure approved by the Cabinet.

Infrastructure

Maharashtra Govt Approves ₹22,250 Cr State Guarantee for Virar–Alibaug Multi-Modal Corridor Land Acquisition

The Maharashtra government has granted a ₹22,250 crore state guarantee to MSRDC for raising funds from HUDCO to acquire land for the Virar–Alibaug Multi-Modal Corridor. The approval comes with strict repayment conditions, escrow controls, and a revised financial structure approved by the Cabinet.

December 5, 2025

A new Maharashtra GR reveals that NMMC has no Executive Engineer with a recognised engineering degree, forcing the government to tweak rules and promote Arvind Shinde despite lacking the mandatory qualification. The decision raises serious questions about recruitment and engineering standards in Navi Mumbai.

Realty

Rule Says Only Engineer From Recognised University Can be Navi Mumbai’s Additional City Engineer, Govt Finds None, Tweaks Rule To Fill Post

A new Maharashtra GR reveals that NMMC has no Executive Engineer with a recognised engineering degree, forcing the government to tweak rules and promote Arvind Shinde despite lacking the mandatory qualification. The decision raises serious questions about recruitment and engineering standards in Navi Mumbai.

December 4, 2025

MahaRERA rules builder's one-sided termination — issued 4 years after homebuyers' complaint — cannot cancel statutory delay interest rights under RERA while project incomplete, granting interest from Jan 2022 till possession with OC in Ruparel Skygreens I case.

Realty

RERA Can’t Guarantee Delivery: MahaRERA Orders Justice After 5-Year Delay

A MahaRERA order highlights that RERA registration does not ensure timely possession. After a five-year legal fight, a homebuyer secured a refund with interest as the authority found the developer guilty of defaulting even after signing the agreement post-RERA implementation.

December 4, 2025

Real estate stocks began today’s session on a cautious note as Indian markets opened weak amid global uncertainty. While select developers showed resilience, broader sector sentiment remains fragile, pointing to a volatile and range-bound trading day.

Realty

🏗️ Realty Stocks Start the Day Steady but Cautious as Markets Open

Realty stocks opened on a stable but cautious note today, with large developers holding the index steady while mid-caps remained mixed. The sector is expected to trade range-bound unless new triggers emerge.

December 4, 2025

In a landmark ruling, the Bombay High Court has cleared the path for the BMC to take direct control of a Malad East slum rehabilitation project, rehabilitating eligible dwellers at its own expense after cancelling a private developer's NOC for non-compliance. The decision prioritizes public amenities on civic land and highlights landowner rights in Mumbai's redevelopment landscape.

Realty

Transit Rent Default Can Cost Builders Their Personal Assets, Bombay HC Signals in Strong Order

The Bombay High Court has ruled that developers who default on paying transit rent to slum dwellers can now have dues recovered from their personal assets, thanks to the newly inserted Section 33B. Calling for strict implementation, the Court directed SRA to decide transit rent complaints within 15 days and ensure immediate disbursal with interest.