🏗 Builders to Pay Corpus First in SRA Projects Before Selling Homes

Maharashtra has tightened rules for SRA projects, requiring developers to deposit the full rehab corpus before selling free-sale flats. The move aims to plug financial gaps, secure slum rehabilitation funds, and speed up redevelopment timelines in Mumbai.

🏢 Developers Get Relief: 120–180 m Towers on Big Plots No Longer Need High-Rise Committee Approval

In a major policy shift, Maharashtra has allowed 120–180 m buildings on plots above 2,000 sq.m to skip High-Rise Committee clearance. Municipal Commissioner can now approve these projects directly — a move expected to speed up redevelopment and reduce delays in Mumbai’s real estate sector.

Maha Transport Min to Open Tenders for 98-Year Lease of ST Bus Depots

The Maharashtra Government will soon invite tenders to lease ST bus depots for 98 years and redevelop them into modern bus ports. Transport Minister Pratap Sarnaik announced the plan at HOMETHON 2025, adding that pod taxi services will also roll out in Bandra-Kurla Complex before expanding to other parts of Mumbai Metropolitan Region.

MHADA Price Cut: 6,248 Kalyan Flats Now Cheaper for EWS Homebuyers

In a major relief for economically weaker sections, MHADA’s Konkan Board has significantly reduced the sale prices of 6,248 flats in Kalyan’s Shirgaon and Khoni. These homes, part of the “First Come, First Served” scheme, will now be over ₹1 lakh cheaper, making home ownership more accessible.

MahaRERA Appoints Revenue Recovery Officers to Enforce Builder Penalties, Boosting Homebuyer Protection

In a major relief for homebuyers, the Maharashtra government has appointed dedicated Revenue Recovery Officers to enforce MahaRERA orders against defaulting builders. This decision enables faster recovery of penalties and compensation, providing long-overdue justice to affected buyers in stalled or delayed projects.