Browsing Tag

Property

59 posts
In a blow to real estate borrowers, the Bombay High Court has ruled that a single mortgage securing multiple loans counts as separate transactions, forcing Mumbai developer Neepa Real Estates to pay an extra ₹72 lakh in stamp duty and penalties on ₹625 crore worth of loans.

Homebuyer Wins Relief: Developer Ordered to Fix Structural Issues in Flat

A Mumbai homebuyer, Palvinder Singh, has secured a partial victory against developer Mohan Lifespaces LLP, with MahaRERA ordering the rectification of structural defects in his flat. While a refund request was denied due to the timely issuance of the Occupancy Certificate and delayed possession by the buyer, the Authority mandated the developer to fix issues like wall cracks and tile problems within 30 days, upholding Section 14(3) of the RERA Act.
MHADA

MHADA Price Cut: 6,248 Kalyan Flats Now Cheaper for EWS Homebuyers

In a major relief for economically weaker sections, MHADA’s Konkan Board has significantly reduced the sale prices of 6,248 flats in Kalyan’s Shirgaon and Khoni. These homes, part of the “First Come, First Served” scheme, will now be over ₹1 lakh cheaper, making home ownership more accessible.
India’s real estate is set for massive growth by 2047. Homes will be bigger, smarter, and more affordable, with better connectivity, lifestyle options, and sustainable features—making it a golden era for homebuyers.

Bengaluru’s Luxury Housing Market Surges Past ₹1,000 Cr Milestone

Bengaluru’s luxury housing market has reached a new peak, with apartment sales surpassing ₹1,000 crore. Demand is fueled by affluent buyers seeking spacious homes and prime locations, particularly in areas like Hebbal, Domlur, and Sudhamnagar.
Mumbai recorded 12,070 property registrations in September 2025, marking a 32% YoY rise and the best September since 2013. Stamp duty revenues grew 47% YoY to ₹1,292 crore, boosted by festive demand and strong buyer confidence in suburban markets.

MahaRERA Mandates Prominent Display of Project Details in Advertisements, Warns of Penalties

MahaRERA has directed that all housing project advertisements must prominently display the MahaRERA registration number, website, and project’s QR code, in a font size equal to or larger than the project’s contact details. Violators will face penalties.  

Adani Group’s Mah-Hill Properties Acquires Prime Malabar Hill Land for ₹170 Crore

Mah-Hill Properties Pvt Ltd, a subsidiary of the Adani Group, has expanded its portfolio with the acquisition of a prime land parcel in the prestigious Malabar Hill area of South Mumbai for ₹170 crore, according to property registration documents. The transaction involved the transfer of ownership of over 48,000 sq ft of land from Behram Nowrosji Gamadia, which also includes a 257 sq m structure. Records indicate that this property boasts a rich history, with ownership rooted in the pre-independence era and passed down through the Gamadia family.