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mumbai real estate news

51 posts
Dharavi, Asia's largest slum

Maharashtra Govt Sets Up Committee to Resolve Salt Pan Land Legal Disputes for Dharavi Redevelopment

The Maharashtra government has set up a committee to resolve pending court cases over salt pan lands at Kanjurmarg and Bhandup, crucial for the Dharavi Redevelopment Project. The move clears the way for construction of rental and affordable housing for ineligible residents displaced under the scheme. The panel, led by senior officials including the Additional Chief Secretaries of Revenue, Housing, and Urban Development, will guide legal action to unlock 255.9 acres of land approved for transfer by the Centre.
MHADA

MHADA Extends Deadline for E-Auction of 149 Commercial Premises in Mumbai

The Mumbai Housing and Area Development Board (MHADA) has extended the deadline for registration and application submission for the e-auction of 149 commercial premises across Mumbai. Applicants can now apply until September 16, 2025, with the bidding set for September 18 and results on September 19. The premises are spread across locations such as Malvani, Charkop, Powai, Kandivali, Goregaon, Sion, and Wadala.
GST

GST Cut on Cement: Will Homebuyers Really Benefit, or Will Developers Pocket the Gains?

The GST Council’s decision to cut cement tax rates to 18% is expected to reduce construction costs by 3–5%. But will this relief ever reach homebuyers? Drawing from two decades of reporting on real estate, Varun Singh argues that past experience shows developers rarely pass on such benefits. From premium reductions to infrastructure boosts like the Coastal Road, home prices have only risen. Unless homebuyers collectively demand accountability, this GST relief too may remain only in builders’ profit books.
Oberoi Realty

Oberoi Realty Reports ₹1,073.98 Cr Revenue in Q1 FY26

Oberoi Realty reports ₹421 crore profit in Q1 FY26 on ₹1,073.98 crore revenue. Luxury housing demand, Elysian launch, and national awards underline its market leadership and growth momentum.
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.