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Mumbai Real Estate

463 posts
Puravankara Limited posted 4% YoY growth in Q2 FY26 pre-sales, alongside an 8% rise in collections. With ₹9,100 crore GDV acquisitions across Mumbai and Bengaluru—including marquee redevelopment projects—the developer is accelerating its expansion strategy in India’s most active real estate markets.

Puravankara Expands Portfolio with ₹9,100 Cr GDV in H1 FY26; Mumbai, Bengaluru Acquisitions Strengthen Growth Momentum

Puravankara Limited posted 4% YoY growth in Q2 FY26 pre-sales, alongside an 8% rise in collections. With ₹9,100 crore GDV acquisitions across Mumbai and Bengaluru—including marquee redevelopment projects—the developer is accelerating its expansion strategy in India’s most active real estate markets.

📰 Working in Mumbai Just Got Costlier: Office Rents Jump 11%

Mumbai office rents soared 11% in Q3 2025 — the second-fastest in India — as demand for premium spaces stays strong. With new supply rising and residential sales leading nationally, the city’s real estate market remains red hot.

🏢 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.