Browsing Tag

Mumbai Real Estate

473 posts
Bombay High Court allows IL&FS Financial Services to proceed with ₹203.66 crore summary suit against principal borrower Serveall Constructions despite IBC moratoriums

HDIL Sold Non-Existent Flats, Society Denies Membership, Court Says Society Is Right

In a major victory for housing societies, the Bombay High Court has upheld the decision of Dheeraj Dreams CHS Ltd. to deny membership to buyers who purchased “flats” that never existed. HDIL had sold mandatory refuge areas as residential flats years after the developer lost rights over the property. The Court ruled that societies cannot be forced to admit members for non-existent flats as it would violate the law.
ITAT Mumbai has ruled that property sellers can use the MOU date instead of registration date for capital gains tax and still claim Section 54 exemption—offering major relief in delayed property deals.

Big Relief for Home Sellers: ITAT Mumbai Says ‘MOU Date’ Counts for Tax, Not Registration Date

ITAT Mumbai has ruled that property sellers can use the MOU date instead of registration date for capital gains tax and still claim Section 54 exemption—offering major relief in delayed property deals.
From a "dangerously dilapidated" structure in 2004 to a high-tech luxury residence in 2026, the story of Ratan Tata's "The Cabins" enters a new chapter as Tata Sons secures a 5-year lease with a ₹10 crore deposit.

Tata Sons Leases Ratan Tata’s Colaba Bungalow at ₹17.5L Rent & ₹10Cr Deposit

From a “dangerously dilapidated” structure in 2004 to a high-tech luxury residence in 2026, the story of Ratan Tata’s “The Cabins” enters a new chapter as Tata Sons secures a 5-year lease with a ₹10 crore deposit.
“The rates mentioned in the Ready Reckoner are basically for the purpose of collection of stamp duty and cannot be the basis for determination of the compensation for the lands acquired under the Land Acquisition Act,” the Bombay High Court reiterated while slamming the SLAO’s flawed approach and upholding enhanced compensation of ₹3.99 crore.

Bombay HC Strips Developer of Mulund Project, Society Wins Back Land

In a landmark February 16, 2026 ruling, Bombay High Court Justice Somasekhar Sundaresan directed defaulting developer Alag Property to hand over Mulund Endeavour CHS redevelopment site, appointing Court Receiver amid ₹9.77 crore dues and 5+ years displacement. A rare win empowering societies against stalled projects.
“After paying ₹10,500 in 1977 and waiting decades, she never got the flat she had booked and was ready to pay for — but the court has finally ordered her money back with interest.”

Mumbai Building Saga: ₹12 Cr Deal Stands — Owner’s 13-Yr U-Turn Crushed by Bombay HC!

In a landmark interim ruling, Bombay HC protects Pankh Properties’ title to Matunga’s Adenwalla Building after 13 years, rejecting original owner Rusi Sorabji Khambatta’s sudden termination bid over a ₹12 crore 2012 deal. “Cannot unwind after pocketing the money,” court observes.