Browsing Tag

Mumbai Real Estate

515 posts
In a key ruling, ITAT Mumbai has sent back Raheja Universal Pvt. Ltd.'s deemed rental income dispute on unsold flats for fresh evidence-based assessment, stressing objective valuation under Section 23(5) while upholding major reliefs for the prominent developer on other issues.

Raheja Universal’s Deemed Rent Dispute on Unsold Flats Sent for Fresh Calculation

In a key ruling, ITAT Mumbai has sent back Raheja Universal Pvt. Ltd.’s deemed rental income dispute on unsold flats for fresh evidence-based assessment, stressing objective valuation under Section 23(5) while upholding major reliefs for the prominent developer on other issues.
Maharashtra clears ₹220 crore under PMAY (Urban) to accelerate affordable housing projects, improving access to homes for urban families.

Housing Price Growth in Top 8 Cities Slows Sharply to 6% in 2025

Housing price growth across India’s top eight cities slowed sharply to 6% in 2025, reflecting market consolidation after a strong 2024, with Bengaluru and Hyderabad showing relatively stronger momentum, according to PropTiger.
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 Wins Highest Bid of ₹5,400 Crore for 11-Acre Railway Land in Mumbai’s Bandra East

Oberoi Realty has won the bid for an 11-acre prime railway plot in Bandra East at ₹5,400 crore NPV, offering massive development scope with 19.50 lakh sq ft FSI over a 99-year lease from RLDA. Upfront payment ₹495 crore, balance via 45% revenue share.
Knowledge Realty Trust has posted a 20% year-on-year rise in NOI to ₹19,544 million for H1 FY26, with portfolio occupancy reaching 92%. The REIT announced its first post-listing distribution of ₹6,900 million and reported steady leasing momentum led by GCCs and domestic firms.

Knowledge Realty Trust Posts Strong Q3 FY26 Results; Revenue Jumps 21%, Distributions at ₹6,953 Million

Knowledge Realty Trust delivered strong Q3 FY26 performance with revenue rising 21% year-on-year and NOI up 19%. Robust leasing activity, improving debt metrics, and inclusion in the FTSE EPRA Nareit index underline growing investor confidence.
ITAT Mumbai rules that Section 56(2)(x) additions cannot be made without DVO valuation when stamp duty value is disputed due to title defects or encroachments.

Bought Property at Lower Price Due to Legal Issues? Stamp Duty Value Can’t Be Applied Blindly

ITAT Mumbai rules that Section 56(2)(x) additions cannot be made without DVO valuation when stamp duty value is disputed due to title defects or encroachments.