Browsing Tag

Mumbai Real Estate

451 posts
ITAT Mumbai rules that Section 56(2)(x) additions cannot be made without DVO valuation when stamp duty value is disputed due to title defects or encroachments.

Bought Property at Lower Price Due to Legal Issues? Stamp Duty Value Can’t Be Applied Blindly

ITAT Mumbai rules that Section 56(2)(x) additions cannot be made without DVO valuation when stamp duty value is disputed due to title defects or encroachments.
In a key February 2026 decision, MahaREAT ruled that homebuyers withdrawing from delayed projects under RERA are entitled to interest from the promoter's receipt of payments—not from later default dates—overturning a MahaRERA order in the Mullaji vs. Onyx Builders case involving stalled projects in Kurla West, Mumbai.

Don’t Book Before the Developer-Society Deal is Sealed: Khar Homebuyers Paid the Price with No Interest on Refund

In a January 2026 ruling, MahaRERA directed Parthesh Developers to refund full amounts paid by buyers Rajiv Dayal and Ashok/Jyoti Narang in the lapsed Ganga Jamna Sangam project — but without interest. The Authority cited the absence of a registered Agreement for Sale and the fact that 2010 allotment letters were issued before the 2011 redevelopment agreement, rendering transactions preliminary and ineligible for statutory interest.
Embassy Developments has announced its entry into Mumbai’s housing market with three premium residential projects planned in Worli, Juhu and Alibaug, together valued at over ₹12,000 crore.

Embassy Enters Mumbai Housing Market with Luxury Projects in Worli, Juhu and Alibaug

Embassy Developments has announced its entry into Mumbai’s housing market with three premium residential projects planned in Worli, Juhu and Alibaug, together valued at over ₹12,000 crore.
As markets moderate and growth expectations cool, India’s rich continue to bet big on luxury homes, driven by long-term confidence, wealth creation, and the scarcity of prime assets.

Fewer Homes Sold, More Money Spent: ₹1 Crore+ Apartments Drive India’s Housing Market in 2025

India’s residential market sold fewer homes in 2025, but buyers spent more as ₹1 crore-plus apartments dominated sales, pushing market value higher despite an 11% fall in unit volumes.
In a key ruling, MahaRERA held that even when an Agreement for Sale is silent on the possession date, the builder must hand over the flat within a reasonable period of three years from the agreement date — failing which, interest is payable for the delay period. The order in the Mauli Omkar project case awarded interest from March 2019 to April 2023 to complainant Sabirali Tufhel Shaikh.

No Possession Date in Agreement? MahaRERA Rules: Builder Must Deliver in 3 Years

In a key ruling, MahaRERA held that even when an Agreement for Sale is silent on the possession date, the builder must hand over the flat within a reasonable period of three years from the agreement date — failing which, interest is payable for the delay period. The order in the Mauli Omkar project case awarded interest from March 2019 to April 2023 to complainant Sabirali Tufhel Shaikh.