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MahaRERA Tribunal Slams Developer: No Proof of Homebuyer Consent for Porject Delays

In a significant win for homebuyers, the Maharashtra Real Estate Appellate Tribunal on July 9, 2025, rejected developer Joy Homecreation Limited’s claim that allottees consented to project delays for “Joys Adinath Tower-II.” The Tribunal found no documentary proof of such consent and ordered the promoter to pay interest immediately for delayed possession, overriding a previous MahaRERA order.

Pune Records Best Half-Yearly Property Sales in Four Years, Crosses 100,000 Registrations in H1 2025

Pune registered its best half-yearly property sales since 2013, with over 116,000 registrations and 19% growth in stamp duty revenue, driven by surging demand for premium and spacious homes.

MHADA Announces Lottery for 5,285 Flats and 77 Plots

MHADA’s Konkan Board has announced a major housing lottery offering 5,285 flats and 77 plots across Thane, Vasai, Badlapur, and Sindhudurg. The online application process begins on 14 July 2025, with the computerized draw scheduled for 3 September 2025. Applicants are advised to use only the official MHADA portal and avoid any unauthorized agents.

Hyderabad’s Premium Home Market Surges as High-Value Properties Dominate Sales

Hyderabad’s residential market is shifting upmarket, as luxury homes above INR 1 crore surged 35% year-on-year in June 2025, accounting for over half the city’s property transaction value, Knight Frank India reports.

MMR Leads Record Land Deals as India Clocks Nearly 2,900 Acres in H1 2025—1.15x of 2024 Volume

India recorded nearly 2,900 acres in land deals in H1 2025, already surpassing last year’s total volume. MMR led transaction volumes, while tier 2 and 3 cities emerged as major contributors to India’s land acquisition boom.