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real estate mumbai

27 posts
Maharashtra has extended government land lease tenure to 49 years with a renewal option up to 98 years, aiming to boost commercial development and increase state revenue.

₹1,500 Crore Disbursed from Stamp Duty Surcharges to MMRDA, & Metro Projects

Maharashtra government has approved ₹1,500 crore from stamp duty surcharge collections to fund MMRDA, Mumbai Metro, and Maha-Metro projects, directly linking real estate transactions to infrastructure growth.
Mumbai strengthened its position as India’s largest residential market in 2025, while office leasing touched 9.8 million sq ft—the second-highest level in over a decade—driven by GCC expansion, firm pricing, and disciplined supply, according to Knight Frank.

Maharashtra Announces Revised OC Amnesty Scheme to Regularize 20,000 Unauthorized Buildings in Mumbai

The new OC scheme provides 50% premium concessions and penalty waivers for early applicants, benefiting 2.5 lakh families and extending to schools and hospitals in unauthorized structures.
Shahid Balwa of DB Realty has been appointed as Convener by CREDAI MCHI for BMC related tasks

Shahid Balwa of DB Realty Named Convener of CREDAI-MCHI Task Force to Smooth Developer-BMC Relations

Shahid Balwa, Managing Director of DB Realty, has been appointed convener of…
MHADA

MHADA to Sell Homes in Mumbai Without a Lottery

In a first, MHADA will sell unsold premium flats in Mumbai without holding a lottery. The homes — priced up to ₹7 crore — will be offered on a First Come, First Serve basis, with official ads expected by Diwali.
Mumbai’s office stock hit 169 Mn sq. ft. in H1 2025, with over 50% in Grade B assets. SBDs lead the shift, flex space dominates leasing, and vacancy hits a 10-year low, as per Knight Frank’s Billion Sq Ft report.

BJP Constitutes Special Study Group to Tackle OC Certificate Delays in Mumbai Housing Societies

The BJP’s Mumbai unit has formed a four-member study group to tackle the city’s long-standing Occupation Certificate (OC) delays that have left thousands of housing societies in limbo. Guided by former MP Gopal Shetty, the committee will investigate the issue and propose measures to bring relief to affected homebuyers.