Browsing Tag

Housing Society Redevelopment

5 posts
Parag Munot, Kalpataru

Kalpataru Signs ₹1,400 Crore Redevelopment Project in Andheri West

Kalpataru has signed a redevelopment agreement for Shree Mahalakshmi CHS in Andheri West, Mumbai. The 3-acre project has an estimated Gross Development Value of ₹1,400 crore and will add about 0.4 million sq ft of residential development.
In a major redevelopment-taxation ruling, the ITAT Mumbai held that redevelopment benefits belong to flat owners, not the society. The Tribunal rejected the Income Tax Department’s ₹4.97 crore capital gains demand.

Income Tax Tribunal Rules: Redevelopment Gains Not Taxable for Housing Societies; Crucial Shield for Flat Owners

In a major redevelopment-taxation ruling, the ITAT Mumbai held that redevelopment benefits belong to flat owners, not the society. The Tribunal rejected the Income Tax Department’s ₹4.97 crore capital gains demand.
Tribunal Rules Housing Society Not a Promoter Under RERA

Tribunal Rules Housing Society Not a Promoter Under RERA

In a landmark order, MREAT has clarified that a housing society redeveloping its property is not a “promoter” under RERA. The ruling could impact thousands of societies undertaking redevelopment across Mumbai and Maharashtra.
MHADA

MHADA Eases Premium Payment Norms for Redevelopment Projects

MHADA has eased premium payment rules for redevelopment under Regulation 33(5), allowing payments in 5–6 installments depending on plot size. The move aligns with MCGM norms, reduces financial pressure, and aims to accelerate redevelopment of MHADA layouts.
Affordable housing’s share of sales in India’s top cities has plunged to 18% in H1 2025. US tariffs on Indian exports could further hurt MSMEs—the core buyers of budget homes—risking defaults and slowing launches.

₹1,000 Stamp Duty Boosts Self-Redevelopment Push in Maharashtra Housing Policy 2025

Maharashtra’s new Housing Policy 2025 brings great news for housing societies—self-redevelopment is now easier and more rewarding. With just ₹1,000 stamp duty on agreements, extra FSI, tax benefits, and a ₹2,000 crore support fund, societies can rebuild on their own terms. This policy marks a shift in control from developers to residents.