MREAT Rules Part OC No Shield: Lodha Group to Pay Interest for Delay in Possession

In a major boost for homebuyers, the Maharashtra Real Estate Appellate Tribunal (MREAT) has ordered Lodha Crown Buildmart Pvt. Ltd. to pay interest for delayed possession of flats in the New Cuffe Parade project. The Tribunal clarified that partial Occupancy Certificates do not exempt builders from liability and reinforced that delay must be calculated from the date promised in the sale agreement.

Banker Aditya Puri and Actress Daughter Amrita Puri Buy Rs. 37 Crore Luxury Apartment in Mumbai’s World One Tower

Banking stalwart Aditya Puri and his daughter, actress Amrita Puri, have purchased a Rs. 37 crore luxury apartment in Mumbai’s iconic World One Tower. Located in Lower Parel, the high-profile deal reflects the city’s booming luxury real estate market and positions the Puri family among Mumbai’s elite property owners.

Lodha Brothers Resolve Disputes, Clarify Brand Ownership

In a major development for the Indian real estate industry, Abhishek and Abhinandan Lodha have amicably resolved all disputes under the guidance of their family and legal mediators. The Lodha Group and House of Abhinandan Lodha will now operate independently with clearly defined brand ownerships.

Macrotech Developers Alleges Forgery and Fraud by House of Abhinandan Lodha

Macrotech Developers (Lodha) has accused House of Abhinandan Lodha (HoABL) of forgery and fraud, alleging that HoABL fabricated documents and used the Lodha brand name to deceive customers. The alleged scam involved forging a board resolution and a PAN card to market real estate projects in Goa. Macrotech is considering legal action against HoABL.

Mumbai MMR Housing Boom: Sales Value Soars 11%, Transactions Surge 5% in Q4 2024

Mumbai’s housing market continued its upward momentum in Q4 2024, with a significant 11% rise in registered home sales value and a 5% increase in transactions. Led by major developers like Lodha Group and Godrej Properties, the market benefited from growing infrastructure projects and a surge in high-value property investments.