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Maharashtra property news

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MahaRERA orders new developer to hand over flat and pay interest despite claiming it never received payment, holding both builders jointly liable in Mumbai Evergreen Woods case.

New Builder Said “We Didn’t Take Your Money.” Buyer Still Won: MahaRERA Orders Possession, Interest in Mumbai Project Dispute

MahaRERA orders new developer to hand over flat and pay interest despite claiming it never received payment, holding both builders jointly liable in Mumbai Evergreen Woods case.
The Supreme Court has ruled that earnest money cannot be forfeited when both the buyer and seller are at fault, offering vital clarity on homebuyer rights and equitable remedies in real estate disputes.

How Much Money Can a Builder Forfeit If a Homebuyer Cancels a Deal?

MahaRERA’s 2022 order limits how much developers can deduct when a buyer cancels a flat booking — capping forfeiture at 2% before the agreement is signed, ensuring fairness and faster refunds for Maharashtra homebuyers.
Foreign universities in India could save US$113 billion in forex, serve over 560,000 students and create 19 million sq ft of education real estate demand, says a Deloitte–Knight Frank report.

Mumbai Sees Surge in Property Registrations and Stamp Duty Revenue in January 2025

Mumbai recorded 12,048 property registrations in January 2025, generating ₹974 crore in stamp duty revenue. This marks a 9.86% increase in registrations and a 28.15% rise in revenue compared to January 2024. However, compared to December 2024, registrations dipped by 2.98%, while revenue declined by 14.12%.