Govt to Allow Conversion of Leasehold Land to Freehold at 25% Above Ready Reckoner Rate

The Maharashtra government has issued a final notification allowing leasehold and Occupancy Class II lands to be converted to freehold upon payment of a premium of up to 25% of the Ready Reckoner rate. The revised premium rates, applicable until December 31, 2025, aim to grant full ownership rights to individuals, housing societies, and industries.

Mumbai Skyline Redefined: Maharashtra Considers Raising Building Height Cap to 180 Metres

The Maharashtra government has proposed raising Mumbai’s high-rise building height limit from 120m to 180m, allowing structures up to 60 floors. Real estate experts support the move, citing growth, sustainability, and improved urban planning.

MHADA to Build 8 Lakh Homes in 5 Years Under Affordable Housing Plan

MHADA will construct 8 lakh affordable homes by 2030, aligning with NITI Aayog’s recommendations. Deputy CM Eknath Shinde announced the plan during a housing lottery event in Thane, where 2,147 homes and 117 plots were allotted. The government is also introducing a new housing policy, focusing on rental housing, hostels, and redevelopment projects to expand affordable housing options.

Shah Rukh Khan Seeks Rs 9 Crore Refund from Maharashtra Government for ‘Mannat’ Land

Shah Rukh Khan and Gauri Khan are set to receive a refund from the Maharashtra government after an “unintentional error” in the calculation of fees for converting their iconic residence, ‘Mannat’, into freehold ownership. The couple is seeking a refund of approximately Rs 9 crore, based on reports.

Dharavi Redevelopment Project Pvt Ltd Renamed Navbharat Mega Developers Pvt Ltd

Dharavi Redevelopment Project Pvt Ltd (DRPPL) has rebranded as Navbharat Mega Developers Pvt Ltd (NMDPL), reflecting a broader vision for the Dharavi redevelopment. The name change, approved by the Board and Ministry of Corporate Affairs, aims to underscore the project’s scale while maintaining the government’s central role in overseeing the initiative.