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Mumbai

291 posts
The Maharashtra government has approved the closure of MAHA ARC Limited, its state-level asset reconstruction company, following RBI restrictions that prevented it from operating under SARFAESI Act norms.

Maharashtra Government Shuts Down MAHA ARC Limited, Its State-Owned Asset Reconstruction Company

The Maharashtra government has approved the closure of MAHA ARC Limited, its state-level asset reconstruction company, following RBI restrictions that prevented it from operating under SARFAESI Act norms.
India’s office vacancy has fallen to 13.85%, the lowest since 2020, driven by strong demand and limited supply. With rents rising and premium spaces tightening, the market is shifting in favour of landlords.

India Leads Global Return-to-Office Trend: 83% of Employees Welcome Back-to-Office Mandates

India is leading the world’s return-to-office movement, with 83% of employees expressing positive sentiment toward RTO mandates. JLL’s latest study shows flexibility and well-being are now central to India’s evolving workplace culture.
Bombay High Court slams BMC for allowing illegal structure to exist for decades next to a ward office in Santacruz; orders inquiry into officials' dereliction while dismissing petitioner's appeal with ₹5 lakh costs.

Brihanmumbai Municipal Corporation to Begin Sale of 426 Apartments from October 16 to November 21, 2025

The Brihanmumbai Municipal Corporation (BMC) is set to commence the sale of 426 apartments from October 16 to November 21, 2025, as part of a lottery process aimed at supporting economically weaker sections and low-income groups. Interested applicants are encouraged to apply through the official BMC website.
Maharashtra has become India’s leading green building state, powered by progressive FAR incentives, mandatory IGBC ratings, and a strong partnership with the CII Indian Green Building Council. Cities like Mumbai and Pune now anchor India’s largest green building footprint and net zero movement.

35% Green Space Now Mandatory in Mumbai’s SRA Projects

A new government circular mandates that all SRA schemes on reserved land must keep 35% of the total plot area as contiguous, developed public open space with free citizen access. A Special Monitoring Committee has been formed to prevent violations and ensure the developed park is handed over to the local municipality within 90 days of project completion.
India’s housing market maintained steady growth in Q3 2025 with 87,603 units sold, led by premium housing demand. Prices rose across all major cities, with NCR topping at 19% YoY. While new launches dipped slightly, sales momentum and inventory health remained stable, signalling a maturing but resilient market.

India’s Housing Market Sustains Growth in Q3 2025, Premium Homes Take Centre Stage

India’s housing market maintained steady growth in Q3 2025 with 87,603 units sold, led by premium housing demand. Prices rose across all major cities, with NCR topping at 19% YoY. While new launches dipped slightly, sales momentum and inventory health remained stable, signalling a maturing but resilient market.