The Latest
Homebuyers Win Big: Tribunal Nixes Builder Moratorium, Orders Compensation for Delays
In a landmark decision, the Maharashtra Real Estate Appellate Tribunal has ordered developer Sheth Infraworld to compensate homebuyers for significant project delays, specifically disallowing the use of the pandemic-related moratorium as an excuse. This ruling marks a crucial victory for allottees seeking timely possession and fair compensation.
Motilal Nagar Redevelopment to Offer 1,600 Sq. Ft. Apartments to Residents
The Motilal Nagar redevelopment project in Goregaon (West), Mumbai, led by MHADA and the Adani Group, will transform 142 acres into India’s largest rehabilitation initiative. Over 3,700 residents will receive spacious 1,600 sq. ft. modern apartments free of cost, alongside improved infrastructure and a central 5-acre park.
Net Office Leasing Surges 40% Across Top 7 Cities in H1 2025, New Supply Up by 25%
India’s office real estate market soared in H1 2025, with net absorption rising 40% year-on-year to nearly 27 million sq. ft. Bengaluru led leasing volumes, while Pune saw a record 533% jump in new supply. Strong demand from IT/ITeS, coworking, and BFSI continues to drive growth despite global uncertainties.