Browsing Tag

Navi mumbai real estate

12 posts
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.

Bombay High Court Shocker: Builder Can’t Form Two Societies in One Building

In a major ruling impacting mixed-use housing projects, the Bombay High Court has held that developers cannot form separate cooperative societies for residential and commercial units in the same building unless they are functionally and physically independent. The Court also declared the 2004 Maharashtra government circular permitting such practice as having no statutory force.
The Enforcement Directorate has attached 132 acres of Dhirubhai Ambani Knowledge City in Navi Mumbai worth ₹4,462 crore, deepening the crackdown in the Reliance Communications bank fraud case. The total attachment in the group now exceeds ₹7,500 crore.

ED Attaches Dhirubhai Ambani Knowledge City Land Worth ₹4,462 Crore in RCom Bank Fraud Case

The Enforcement Directorate has attached 132 acres of Dhirubhai Ambani Knowledge City in Navi Mumbai worth ₹4,462 crore, deepening the crackdown in the Reliance Communications bank fraud case. The total attachment in the group now exceeds ₹7,500 crore.
Navi Mumbai Airport

NMIAL Secures 405 Flats at Wadhwa Wise City Ahead of Airport Launch to Meet Housing Demand

Ahead of its September 30 launch, NMIAL has secured 405 flats at Wadhwa Wise City, Panvel, to house airport staff and families. The move highlights Navi Mumbai’s real estate boom, powered by the airport and large-scale infrastructure projects.
CIDCO

Last Chance to Apply for CIDCO’s ‘My Preferred CIDCO Home’ Mass Housing Scheme by 31st January 2025

CIDCO has announced 31st January 2025 as the final date for online registration and selection of 26,000 affordable homes under its ‘My Preferred CIDCO Home’ Mass Housing Scheme. Spanning prime locations across Navi Mumbai, this scheme caters to EWS and LIG categories under PMAY. Register now to secure your dream home!
Mumbai

Mumbai’s Real Estate Boom: A Developer’s Perspective on Rising Property Registrations

Mumbai’s real estate market is booming, with record property registrations fueled by favorable government policies, evolving buyer preferences, and strategic developer initiatives. In Q3 2024, the Mumbai Metropolitan Region (MMR) captured 32% of India’s total real estate market share, driven by strong demand for mid-income and affordable housing in suburban areas like Thane, Navi Mumbai, and Panvel. Developers are adapting by offering attractive festive discounts, virtual property tours, and focusing on modern amenities and improved connectivity to meet the changing needs of homebuyers.