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Mumbai Real Estate

463 posts
MHADA

MHADA Floats Tender for Redevelopment of Jogeshwari’s PMGP Colony; Residents to Receive 450 Sq. Ft. Homes

MHADA has initiated the tender process for the long-pending redevelopment of PMGP Colony in Jogeshwari (East), Mumbai. Nearly 1,000 families living in 180 sq. ft. units will soon be rehabilitated into modern 450 sq. ft. homes. After delays with a private developer, MHADA will now execute the project through an EPC contractor over the next three and a half years.
As India heads into 2026, real estate leaders see sustained demand across housing segments, rising importance of redevelopment, rapid growth in Tier-2 cities, and new asset classes shaping a more diversified and future-ready property market.

Apartment Loading Rises to 40% in Q1 2025, Highest in MMR

In Q1 2025, average apartment loading across India’s top 7 cities reached 40%, up from 31% in 2019, as per ANAROCK. MMR leads with the highest loading at 43%, while Bengaluru saw the sharpest rise. Experts link the increase to rising demand for luxury amenities — but warn that homebuyers now get just 60% of what they pay for as usable living space.

Hrithik and Rakesh Roshan Sell Mumbai Properties Worth ₹6.75 Crore in Andheri West

Hrithik Roshan and filmmaker Rakesh Roshan have sold three properties in Mumbai’s Andheri West for ₹6.75 crore, according to property registration documents accessed in May 2025. The transactions include flats in Veejays Niwas and Raheja Classique, two of the area’s prominent residential complexes.

MHADA Floats Tender for Kamathipura Redevelopment

MHADA has launched the long-awaited Kamathipura Cluster Redevelopment Project, covering 34 acres in South Mumbai. The plan includes the rehabilitation of over 8,000 tenants and 800 landowners and will transform the area with new housing, commercial spaces, and infrastructure. The initiative, approved under DCPR 2034 Regulation 33(9), aims to create an “Urban Village” with modern living amenities and secure housing for residents.
The Bihar RERA has fined a developer ₹1 lakh for displaying "Coming Soon" posters and online ads for an unregistered project, holding that even minimal promotions violate Section 3 of the RERA Act and defeat buyer protection goals.

Not Just Developers! Tribunal Says Society is Also a Promoter Under RERA

In a major ruling, the Maharashtra Real Estate Appellate Tribunal held that a society redeveloping its own property after terminating the builder is also a “promoter” under RERA — making it liable to compensate flat buyers and requiring it to deposit funds before appealing.