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mumbai real estate news

32 posts
Oberoi Realty

Oberoi Realty Reports Steady Growth in Q3FY26 and 9MFY26; PAT Touches ₹1,803 Crore

Oberoi Realty reported steady growth in Q3FY26 and 9MFY26, with consolidated PAT of ₹1,803 crore, supported by resilient luxury housing demand and stable commercial and retail performance.
Bombay HC dismisses plea: Basement & parking not a 'flat' under MCS Act → no membership in coop society. Justice Borkar upholds strict sanctioned-plan rule.

Developer Asked to Get OC or Pay Rs 129 Crore in Damages to Housing Society

Bombay High Court has upheld the arbitral award directing developer Lotus Logistics to obtain Occupation Certificate for Evertop Apartments rehab wing within extended 9 months — or pay ₹128.98 crore damages for shifting rehab FSI through fictitious “open-to-sky ducts” in revised plans, calling it an act of “deceit and misrepresentation”.
In a significant win for homebuyers, MahaRERA and the Appellate Tribunal upheld a 2005 booking despite the handling director's death and promoters' denial of knowledge, directing execution of agreement for an equivalent flat or refund with interest — a reminder of RERA's buyer protections even in legacy cases.

Why a Mumbai Builder Didn’t Have to Pay Tax on ₹55 Crore in Loans

Mumbai ITAT has dismissed a ₹55.5 crore tax addition on Supreme Lake View Bungalows Pvt. Ltd., confirming that properly documented and carried-forward loans cannot be taxed under Section 68.
Members of the Alkem Laboratories founder family have acquired a ₹62.81-crore ultra-luxury penthouse in Bandra’s Perry Road, reinforcing the area’s status as Mumbai’s premier luxury residential micro-market.

Alkem Laboratories Founder Family Buys ₹62.81-Crore Ultra-Luxury Penthouse in Bandra

Members of the Alkem Laboratories founder family have acquired a ₹62.81-crore ultra-luxury penthouse in Bandra’s Perry Road, reinforcing the area’s status as Mumbai’s premier luxury residential micro-market.
In a ruling that clarifies the scope of RERA protections, MahaRERA has held that an initial investment later converted into a registered flat purchase creates a valid allottee-promoter relationship, entitling the complainant to withdraw from a delayed project and claim full refund with interest, irrespective of COVID-related extensions.

MahaRERA Orders Interest for Delay in Gulraj Trinity Project, Allows 15 Homebuyer Complaints

MahaRERA has ordered Reliable Builders & Developers to pay interest for delayed possession to 15 homebuyers in the Gulraj Trinity project, holding that contractual possession dates cannot be overridden by unilateral extensions.