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Mumbai Real Estate

473 posts
MahaRERA

MahaRERA Orders Kolte-Patil Developers to Pay Interest for Delayed Possession in Vile Parle Redevelopment Project

MahaRERA has partly allowed a complaint by Manohar Shetty and Lalita M. Shetty against Kolte-Patil Developers, ordering payment of interest at SBI’s highest MCLR + 2% for the delay in handing over possession of a flat in the Jai Vijay redevelopment project from October 2019 to March 2020. The ruling underscores that contractual possession dates bind promoters despite project extensions or external delays.
A Vile Parle builder's bid to stall land conveyance citing future construction plans was called "preposterous to the core" by the High Court.

Bombay High Court Dismisses 13-Year-Old PIL Challenging Luxury Redevelopment on Altamount Road, Mumbai

In a sharp rebuke to misuse of public interest litigation, the Bombay High Court on April 8, 2026, dismissed a 13-year-old PIL challenging the redevelopment of a luxury tower on Altamount Road, calling it a private grievance disguised as a public cause. The court noted that the building was already constructed and partly occupied as per valid approvals, with no proven safety hazards.
After 15 years of delay, MHADA has started PAAA agreements for the ₹893 crore PMGP Colony redevelopment in Jogeshwari, marking a major step toward transforming 942 homes into modern 450 sq ft units.

MHADA Mumbai Lottery 2026: Strong Demand Despite ‘Expensive Homes’ Debate; Over 7,000 Applications for 2,640 Flats

MHADA has received over 7,000 applications for its 2026 Mumbai lottery offering 2,640 homes, despite criticism over high prices. Here’s a complete breakdown of dates, process, eligibility and what the demand signals.
India’s housing market saw a shocking 7% quarterly drop in sales in Q1 2026 despite strong annual growth. With rising inventory, increasing luxury supply, and global uncertainties impacting demand, is the real estate cycle entering a new phase?

Sales Down 7%, Inventory Above 6 Lakh: Q1 2026 Real Estate Data Raises Red Flags

India’s housing market saw a shocking 7% quarterly drop in sales in Q1 2026 despite strong annual growth. With rising inventory, increasing luxury supply, and global uncertainties impacting demand, is the real estate cycle entering a new phase?