Browsing Tag

Mumbai Real Estate

532 posts
MHADA

MHADA Reduces Premium from 110% to 100% of Ready Reckoner Rate for Eligible Tenants

MHADA has announced a 10% reduction in the premium charged to eligible tenants of old cessed buildings for additional area—bringing it down from 110% to 100% of the Ready Reckoner Rate. The change applies retrospectively to December 2023 lottery beneficiaries and is part of a broader 100-day action plan that includes new eligibility criteria and faster allotments.
Lodha

Lodha Reports 71% Surge in Profit for FY25

Lodha has announced a remarkable 71% rise in net profit for FY25, backed by a 34% revenue jump and record pre-sales of ₹176.3 billion.
MahaRERA

Fate of 1,819 Real Estate Projects in MMR in Limbo Amid OC Verification Drive by MahaRERA

In the aftermath of a fake documents case in Kalyan-Dombivali, MahaRERA has initiated an Occupancy Certificate (OC) verification drive for 3,699 lapsed housing projects across Maharashtra. The Mumbai Metropolitan Region is the most affected, with 1,819 projects now under review. Planning Authorities have 10 days to confirm the authenticity of submitted OCs or face full liability for any future discrepancies.
Akshay Kumar

Akshay Kumar Sells Mumbai Office Space for ₹8 Crore, Registers 65% Property Appreciation

Bollywood superstar Akshay Kumar has sold his office space in Mumbai’s One Lodha Place for ₹8 crore. The deal, registered in April 2025, reflects a 65% increase from the original purchase price in 2020, highlighting the rising demand for prime commercial real estate in Lower Parel.

Homebuyers Have a Right to Peaceful Protest and Freedom of Speech: Supreme Court

In a significant judgment dated April 17, 2025, the Supreme Court ruled in favor of homebuyers who peacefully protested against a developer for unmet promises. The Court upheld their right to freedom of speech and quashed a defamation case, calling it a misuse of the legal process. This ruling strengthens the voice of consumers in real estate disputes.