Browsing Tag

Mumbai Property News

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Explore the latest updates and insights on Mumbai’s property market. From emerging trends and new developments to housing prices and investment opportunities, our Mumbai Property News tag keeps you informed about everything happening in the city’s real estate sector.

MahaRERA has ordered the promoter of the Godrej 24 project in Hinjawadi to permanently rectify seepage defects under Section 14(3) of RERA, reinforcing that builders remain responsible for structural defects even after possession and that temporary repairs do not fulfil statutory obligations.

Homeowners Alert! Builders Legally Bound to Fix Major Defects Within 5 Years – RERA Section 14(3) Explained

Under RERA Section 14(3), builders must repair major defects within five years of possession or compensate buyers. A landmark shift in homebuyer protection.
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.

MahaRERA While Dismissing Homebuyer’s Complaint: “We Cannot Guess the Possession Date”

A homebuyer’s MahaRERA complaint in the Bhakti Meadows project was dismissed after the Authority found that the Agreement for Sale lacked the possession date, making delay assessment impossible.
CREDAI-MCHI unveiled Ease of Doing Business 2.0, a revamped framework aimed at streamlining construction approvals, enabling time-bound decisions, and improving transparency across regulatory bodies.

CREDAI-MCHI Pushes Unified Reform Agenda, Speeds Up Approval Processes

CREDAI-MCHI’s 43rd AGM outlined a unified reform roadmap under President Sukhraj Nahar, strengthening coordination with government bodies, launching Ease of Doing Business 2.0, and institutionalising review mechanisms to fast-track approvals and improve transparency across Mumbai’s real estate ecosystem.
Gurugram has emerged as India’s top ultra-luxury housing market, clocking ₹24,120 crore in sales of homes priced above ₹10 crore in 2025 and overtaking Mumbai in high-end real estate demand.

📰 Homebuyers Beware: India’s Housing Boom May Have Peaked — Construction Delays Raise Red Flags

India’s housing market may be at its turning point. A new Liases Foras report says luxury sales are booming, but construction progress is lagging behind — a warning that the real estate cycle could be peaking.
The Enforcement Directorate has attached 132 acres of Dhirubhai Ambani Knowledge City in Navi Mumbai worth ₹4,462 crore, deepening the crackdown in the Reliance Communications bank fraud case. The total attachment in the group now exceeds ₹7,500 crore.

ED Attaches Dhirubhai Ambani Knowledge City Land Worth ₹4,462 Crore in RCom Bank Fraud Case

The Enforcement Directorate has attached 132 acres of Dhirubhai Ambani Knowledge City in Navi Mumbai worth ₹4,462 crore, deepening the crackdown in the Reliance Communications bank fraud case. The total attachment in the group now exceeds ₹7,500 crore.