Browsing Tag

Mumbai Real Estate

451 posts

🏢 Developers Get Relief: 120–180 m Towers on Big Plots No Longer Need High-Rise Committee Approval

In a major policy shift, Maharashtra has allowed 120–180 m buildings on plots above 2,000 sq.m to skip High-Rise Committee clearance. Municipal Commissioner can now approve these projects directly — a move expected to speed up redevelopment and reduce delays in Mumbai’s real estate sector.
In a no-holds-barred verdict, Bombay HC tells housing societies: Stop playing judge. You cannot decide who owns the flat or settle inheritance fights. Your only job is collecting dues and maintaining records — stay in your lane or face the consequences.

Bombay HC: GR Guidelines for Redevelopment Are Only Directions – No Tender Needed if Majority of Tenants Agree on a Builder

Bombay HC rules GR guidelines for co-op society redevelopment are only directions, not mandatory. Societies can appoint a builder without a tender if the majority of tenants agree, ensuring transparency and proper supervision.
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.

Homebuyers Win Back Route to MahaRERA, But Tribunal Limits Refund to Principal Only

In the stalled “Ten BKC” project case, the Appellate Tribunal has remanded the matter back to MahaRERA for execution, affirming that homebuyers will recover only their principal investment, not the interest earlier granted. The ruling underscores that IBC prevails over RERA when a developer enters insolvency.
Filmmaker and producer Karan Johar has acquired a premium apartment in Mumbai’s Khar West for ₹8.05 crore, as per property registration documents reviewed by Square Yards.

📰 Dharma Productions Leases Andheri West Office for ₹15 Lakh Monthly Rent

Dharma Productions has leased a 5,500 sq. ft. office in Signature by Lotus, Andheri West, for ₹15 lakh per month. With a four-year lease and 5% annual escalation, the total rent outlay will be ₹7.75 crore—reflecting strong demand for premium commercial spaces in Mumbai.
In the shadow of India's biggest banking fraud, a 429-acre prime Mumbai land parcel tied to the Wadhawan family is up for grabs at a ₹1,234.62 crore reserve price—offering hope for creditors stung by the ₹34,000 crore DHFL debacle.

Exclusive: Wadhawan Family’s 429-Acre Dahisar Land Parcel Set for E-Auction at ₹1,234.62 Crore

In the shadow of India’s biggest banking fraud, a 429-acre prime Mumbai land parcel tied to the Wadhawan family is up for grabs at a ₹1,234.62 crore reserve price—offering hope for creditors stung by the ₹34,000 crore DHFL debacle.