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Mumbai Real Estate

475 posts

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.
Vikas Jain, CEO of Labdhi Lifestyle, takes charge as President of NAREDCO Maharashtra NextGen

Vikas Jain Appointed President of NAREDCO Maharashtra NextGen, to Drive Finance-Led Growth in Real Estate Sector

Vikas Jain, CEO of Labdhi Lifestyle, has been appointed as President of NAREDCO Maharashtra NextGen. A turnaround specialist known for reviving stressed projects, Jain aims to drive sectoral growth through finance-focused leadership, RERA compliance, and technology adoption, positioning the real estate sector for a $1 trillion future by 2030.
India’s Ultra Luxury Home Market Soars: 49 Homes Above ₹ 100 Crore Sold for ₹ 7,500 Crore in Three Years

For the first time since 2022, Mumbai’s unsold inventory in the luxury housing segment has risen by 36%

Mumbai’s luxury housing market saw a 36% rise in unsold homes in Q1 2025 — the first yearly increase since 2022 — even as overall property registrations and state revenue surged to record levels. High new supply, rising prices, and economic headwinds slowed luxury sales, but strong momentum continues in mid-to-premium housing.
Hiranandani Communities launches ₹1,100 Cr luxury project 'The Arena' in Panvel, offering 2–4 BHK homes in an integrated township with top-tier amenities.

Hiranandani Communities Launches ₹1,100 Crore Luxury Residential Project ‘The Arena’ in Panvel

Hiranandani Communities has unveiled The Arena, a ₹1,100 crore luxury residential project in Panvel’s Hiranandani Fortune City. Spread over 10+ acres, the development features 1,700+ premium residences with modern amenities and is set to benefit from Panvel’s booming infrastructure growth, including the Navi Mumbai Airport and MTHL.