Neelkanth Infracon Directed to Compensate Homebuyers for Delay

The Maharashtra Real Estate Appellate Tribunal has dismissed Neelkanth Infracon LLP’s appeal and upheld MahaRERA’s order mandating interest payments to homebuyers for delayed possession of flats in the “Neelkanth Kingdom” project.

Singer Rahul Vaidya and Family Sell Two Mumbai Apartments Worth ₹5 Crore

Popular singer and television personality Rahul Vaidya, along with his parents, has sold two residential apartments in Mumbai’s Oshiwara locality for a total of ₹5 crore. The properties, located in the upscale Samartha Aangan complex, were originally bought in 2008 and recently sold amid strong real estate momentum in the city.

Mumbai Property Market Hits New High: 52,896 Registrations in Jan–April 2025, Revenue Jumps 21%

Mumbai’s property market has kicked off 2025 with record-breaking momentum. The city logged 52,896 property registrations and generated ₹4,633 crore in revenue between January and April — marking an 8% and 21% year-on-year increase, respectively. April 2025 alone saw over 13,000 deals, the highest in seven years, as festive optimism and demand for high-ticket homes boosted activity.

Mumbai Property Market Sees April Uptick with 12,986 Registrations, Akshaya Tritiya Boosts Month-End Surge

Mumbai’s real estate market saw a robust April 2025, with 12,986 properties registered and ₹1,105 crore in revenue collected via stamp duty. A major boost came from Akshaya Tritiya, which alone contributed over 1,200 registrations. While the numbers dipped from March’s year-end highs, they marked a clear improvement over April 2024, reflecting sustained homebuyer interest and market stability.

Mumbai Sees 6% Residential Price Surge

Mumbai’s residential prices rose 6% in Q1 2025, leading the national real estate market. According to a real estate research and brokerage firm, despite rising costs, cities like Mumbai, Pune, and Chennai recorded strong sales, driven largely by premium and luxury housing demand.