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MahaRERA Restores Case Against Developer Over Delayed Possession in Mumbai

MahaRERA has reinstated a non-compliance case against Kavya Mira Realty for failing to hand over possession of a property as per its 2021 order. The February 12, 2025, ruling directs the case to the Adjudicating Officer, ensuring the developer fulfills its obligations. The decision underscores MahaRERA’s commitment to protecting homebuyers from project delays and non-compliance issues.

Maharashtra Budget 2024: Real Estate Sector Welcomes Infrastructure and Housing Push

The Maharashtra Budget 2024 has been well received by real estate and infrastructure leaders, with major investments in urban development, housing, and industrial expansion. CREDAI-MCHI hails the budget as a catalyst for economic growth, strengthening the Mumbai Metropolitan Region’s position as a key economic hub.

Akshay Kumar Sells Mumbai Apartment for Rs. 4.35 Crore, Earns 84% Profit Over Seven Years

Bollywood star Akshay Kumar has sold his apartment in Oberoi Sky City, Borivali East, for Rs. 4.35 crore. The 1,073 sq. ft. unit, purchased in 2017 for Rs. 2.37 crore, saw an 84% appreciation in value. This marks his second recent sale in the same building, following a Rs. 4.25 crore transaction in January 2025.

25,000 Homes to be Completed by 2027 Along Dwarka Expressway

The Dwarka Expressway is rapidly transforming into a premier real estate hub, with 25,000 housing units set for completion by 2027. Enhanced connectivity, high-end residential projects, and rising property values are attracting homebuyers and investors alike. With the launch of luxury apartments, branded residences, and world-class amenities, the expressway is redefining Gurugram’s real estate landscape.

MahaRERA Issues Notice for Objections on Deregistration of Eight Real Estate Projects

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued a notice inviting objections regarding the deregistration of eight real estate projects across the state. The projects, promoted by developers including Avishkar Developers, Anshul Bhosale Realty, and VSK Builders, are spread across Pune, Thane, Ratnagiri, Aurangabad, Kolhapur, Osmanabad, and Ulhasnagar. Homebuyers affected by these developments have been given 30 days to raise objections. The deregistration could impact property investments, and buyers are urged to verify their project status and respond accordingly.