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Housing Society Redevelopment

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Mumbai’s western suburbs are driving a massive redevelopment boom, with over 44,000 new homes worth ₹1.3 lakh crore in the pipeline, reshaping the city’s skyline and urban future.

Western Suburbs Lead Mumbai’s Redevelopment Surge, Reshaping the City’s Skyline

Mumbai’s western suburbs are driving a massive redevelopment boom, with over 44,000 new homes worth ₹1.3 lakh crore in the pipeline, reshaping the city’s skyline and urban future.
MahaRERA has ruled that a booking application form does not by itself create a binding sale contract and directed Mahindra Happinest Developers to refund ₹1.50 lakh to a homebuyer, holding that forfeiture was illegal as the booking was never completed.

RERA Not for Redevelopment: Tribunal Warns Housing Society Members

Important alert for housing societies: Original members getting rehab flats in redevelopment projects cannot file complaints against the builder under RERA, rules Maharashtra Real Estate Appellate Tribunal. Disputes must be resolved through the Development Agreement and society only.
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.