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mumbai real estate news

32 posts
In a landmark decision, the Maharashtra Real Estate Appellate Tribunal ruled that developers cannot cancel registered sale agreements merely because of delayed payments — a major win for Indian homebuyers and a strong reinforcement of legal protections under RERA and property law.

“Justice Over Technicalities”: Tribunal Condones Delay, Admits Ruparel Ariana Buyers’ Appeal

In a major relief for Ruparel Ariana homebuyers, the Maharashtra Real Estate Appellate Tribunal condoned a 394-day delay in filing their appeal, emphasizing that “substantial justice must prevail over technical considerations.” The Tribunal admitted the plea on condition that the buyers pay ₹25,000 to the developer, citing their good faith in pursuing earlier remedies without mala fide intent.
In a blow to real estate borrowers, the Bombay High Court has ruled that a single mortgage securing multiple loans counts as separate transactions, forcing Mumbai developer Neepa Real Estates to pay an extra ₹72 lakh in stamp duty and penalties on ₹625 crore worth of loans.

Redevelopment May Cost You Your Flat! MahaRERA Dismisses Buyer’s Claim in Tagore Nagar Project

In a critical ruling, MahaRERA has dismissed a homebuyer’s claim to flats promised by an earlier builder in Mumbai’s Tagore Nagar redevelopment. The case underlines the risks buyers face in projects where developer control has changed. Experts urge caution and legal checks before investing in such ventures.

BMC Registers FIR Against 27 Residents for Unauthorised Construction in Flats

In a strict enforcement move, the BMC has filed an FIR against 27 residents of Mangesh Co-operative Housing Society in Kurla East for unauthorised structural changes in their flats. Despite multiple notices issued since 2020, no action was taken by the residents, prompting BMC officials to register the case under Section 53(7) of the MRTP Act.
MHADA

MHADA Opens Doors for Forgotten Tenants: Transit Camp Residents

MHADA has opened the online application process for displaced tenants and their legal heirs living in transit camps across Mumbai. These families, who vacated unsafe or non-redevelopable buildings years ago, can now apply for permanent tenements before the May 20, 2025 deadline.
Mumbai home sales September 2024 decline

Mumbai Property Market Sees Growth in December 2024, With Higher Registrations and Revenue

Mumbai’s real estate market experienced steady growth in December 2024, with 12,335 property registrations and ₹1,127 crore in revenue, reflecting a 0.4% increase in registrations and a 20.8% rise in revenue from 2023. The number of registrations also rose by 31.8% compared to December 2022, indicating strong recovery and growth post-pandemic. Despite a drop from the high numbers seen in December 2020, the market continues to show resilience with increasing property demand and rising prices.