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mumbai real estate news

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In a major policy shift, Maharashtra has raised maintenance charges for SRA flats up to ₹3 lakh. The move could impact developers, project viability, and homebuyers.

Maha Govt Hikes Maintenance Charges for SRA Rehab Flats — But Who Will Bear the Cost?

In a major policy shift, Maharashtra has raised maintenance charges for SRA flats up to ₹3 lakh. The move could impact developers, project viability, and homebuyers.
Maharashtra has kept Ready Reckoner rates unchanged for FY 2026–27, ensuring no increase in stamp duty for homebuyers. While the move supports affordability, the absence of a rate cut has left some expectations unmet.

Ready Reckoner Rates Unchanged for FY 2026–27: Relief for Homebuyers, But No Rate Cut Disappoints Some

Maharashtra has kept Ready Reckoner rates unchanged for FY 2026–27, ensuring no increase in stamp duty for homebuyers. While the move supports affordability, the absence of a rate cut has left some expectations unmet.
MHADA

MHADA Mumbai Lottery 2026: 2,640 Flats Announced Across Income Groups; Applications Open March 30

MHADA has launched its Mumbai Lottery 2026 offering 2,640 flats across income groups. Applications open March 30, with the draw scheduled for May 15.
MahaRERA has permitted a fresh RERA registration for the stalled Sapphire I project in Kurla, giving the new developer a clean slate while protecting original allottees through abeyance of the old registration and a lien on reimbursement funds payable to the terminated promoter ITMC

New Builder Takes Over Stalled Andheri SRA Project; RERA Imposes Lien to Protect Homebuyers

MahaRERA has directed the new developer of Andheri’s Nest Wing B project to withhold full payment to the outgoing builder until old homebuyers’ dues are cleared. The February 2, 2026 order revives the stalled SRA scheme while keeping existing allottees’ claims alive against SSSC Escatics through a lien and abeyance of the old registration.
Oberoi Realty has signed a development agreement for MHADA-owned land in Versova’s Aram Nagar, with an estimated free sale potential of 17.18 lakh sq ft under DCPR 2034, subject to approvals.

Oberoi Realty Signs MHADA Deal for Versova Project; 17.18 Lakh Sq Ft Sale Potential

Oberoi Realty has signed a development agreement for MHADA-owned land in Versova’s Aram Nagar, with an estimated free sale potential of 17.18 lakh sq ft under DCPR 2034, subject to approvals.