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Maharashtra Revenue Minister Chandrashekhar Bawankule has announced a major policy change to permit legal registration of 1 guntha plots—approximately 1,089 sq ft—in residential zones. The proposed bill, likely to be introduced in the current Assembly session, aims to simplify land subdivision but still requires NA conversion for agricultural land. Here’s what homebuyers need to know.

Maharashtra Government Plans Major Reform: 1 Guntha Plots to Get Legal Recognition

Maharashtra Revenue Minister Chandrashekhar Bawankule has announced a major policy change to permit legal registration of 1 guntha plots—approximately 1,089 sq ft—in residential zones. The proposed bill, likely to be introduced in the current Assembly session, aims to simplify land subdivision but still requires NA conversion for agricultural land. Here’s what homebuyers need to know.
  • June 30, 2025
As India heads into 2026, real estate leaders see sustained demand across housing segments, rising importance of redevelopment, rapid growth in Tier-2 cities, and new asset classes shaping a more diversified and future-ready property market.

MMR Records Highest Home Sales in Q2 2025 Even as India Sees 20% Decline

Despite a 20% dip in India’s housing sales during Q2 2025, Mumbai Metropolitan Region (MMR) held its ground as the country’s largest residential market, recording over 31,000 unit sales. Developers scaled back launches, but luxury and mid-segment homes remained dominant.
  • June 29, 2025
RBI

RBI’s New Project Finance Rules Ease Pressure on Lenders, Boost Growth Prospects

The RBI’s revised project finance guidelines will come into effect from October 2025. By significantly lowering provisioning norms and allowing prospective application, the rules are expected to ease credit costs and facilitate lending for India’s infra pipeline.
  • June 27, 2025
In a key ruling, MahaRERA held that even when an Agreement for Sale is silent on the possession date, the builder must hand over the flat within a reasonable period of three years from the agreement date — failing which, interest is payable for the delay period. The order in the Mauli Omkar project case awarded interest from March 2019 to April 2023 to complainant Sabirali Tufhel Shaikh.

MahaRERA Orders Full Refund with Interest to Homebuyer for Possession Delay

In a significant win for homebuyers, MahaRERA has ruled in favor of a complainant against Viijcon Properties for failing to deliver possession in the Viijcon Cellandine project. The authority ordered a full refund with interest, while dismissing three other complaints due to lack of valid promoter-allottee relationships or incomplete documentation.
  • June 27, 2025

Randeep Hooda Buys Luxury Apartment in Mumbai’s Andheri West for ₹5.63 Crore

Bollywood star Randeep Hooda has acquired a premium 1,530 sq. ft. apartment in Versova, Andheri West, Mumbai, for ₹5.63 crore, highlighting the area’s continued appeal among celebrities and professionals.
  • June 27, 2025