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In a key February 2026 decision, MahaREAT ruled that homebuyers withdrawing from delayed projects under RERA are entitled to interest from the promoter's receipt of payments—not from later default dates—overturning a MahaRERA order in the Mullaji vs. Onyx Builders case involving stalled projects in Kurla West, Mumbai.

Don’t Book Before the Developer-Society Deal is Sealed: Khar Homebuyers Paid the Price with No Interest on Refund

In a January 2026 ruling, MahaRERA directed Parthesh Developers to refund full amounts paid by buyers Rajiv Dayal and Ashok/Jyoti Narang in the lapsed Ganga Jamna Sangam project — but without interest. The Authority cited the absence of a registered Agreement for Sale and the fact that 2010 allotment letters were issued before the 2011 redevelopment agreement, rendering transactions preliminary and ineligible for statutory interest.
  • January 26, 2026
India’s property buyers are making decisions faster, with average deal closure time falling to 26 days in 2025 and premium ₹2–3 crore homes selling in just 15 days, according to ANAROCK data.

Cancellation Loss Allowed – But Only in the Right Year: Key ITAT Ruling for Mumbai Builders

ITAT Mumbai has clarified that real estate developers can claim losses from cancelled bookings, but only in the financial year the reversal actually occurs — and only after proving no double deduction. The ruling also protects old scrutiny assessments from being invalidated due to Income Tax Department jurisdiction changes during cadre restructuring.
  • January 26, 2026
The Mumbai ITAT has ruled that a real estate developer cannot be denied a tax deduction merely due to alleged fraud by a recipient trust’s employee, allowing Aakash Value Realty’s ₹1.79 crore claim under Section 35(1)(ii).

ITAT Mumbai Clears Real Estate Developer of Fraud Allegations, Allows ₹1.79 Crore Tax Deduction

The Mumbai ITAT has ruled that a real estate developer cannot be denied a tax deduction merely due to alleged fraud by a recipient trust’s employee, allowing Aakash Value Realty’s ₹1.79 crore claim under Section 35(1)(ii).
  • January 25, 2026
Mumbai Metro Line 9 is nearing the launch of its first phase between Dahisar and Kashigaon, a development expected to reduce commute times and boost real estate demand across the Dahisar–Mira-Bhayandar corridor.

Mumbai Metro Line 9 Nears Partial Launch, Lifting Realty Sentiment in Dahisar–Mira-Bhayandar Corridor

Mumbai Metro Line 9 is nearing the launch of its first phase between Dahisar and Kashigaon, a development expected to reduce commute times and boost real estate demand across the Dahisar–Mira-Bhayandar corridor.
  • January 25, 2026
Maharashtra government has released ₹33.02 crore under PMAY-U 2.0 to support 3,302 Scheduled Caste families in building their own pucca houses across urban areas. The funds, part of the Beneficiary-Led Construction vertical, mark a key step in targeted housing assistance for urban poor.

Builders Must Secure 25% Real EWS Buyers Before Getting Extra FSI Under PMAY

Maharashtra now requires builders under PMAY-U 2.0 to secure registration of at least 25% genuine EWS buyers before unlocking additional FSI benefits if EWS unit prices exceed Ready Reckoner rates by over 20%. The new GR also caps built-up area at 1.4 times carpet area and mandates key NOCs to ensure transparency and real affordability.
  • January 24, 2026