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real estate mumbai

29 posts
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.
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.

Redevelopment May Cost You Your Flat! MahaRERA Dismisses Buyer’s Claim in Tagore Nagar Project

In a critical ruling, MahaRERA has dismissed a homebuyer’s claim to flats promised by an earlier builder in Mumbai’s Tagore Nagar redevelopment. The case underlines the risks buyers face in projects where developer control has changed. Experts urge caution and legal checks before investing in such ventures.
Dharavi, Asia's largest slum

Maharashtra Cabinet Approves Stamp Duty Relief For Dharavi Redevelopment

In a bid to expedite the Dharavi Redevelopment Project, the Maharashtra Cabinet has approved stamp duty concessions on lease agreements involving the project’s SPV and the Rail Land Development Authority. The relief aims to reduce transaction costs and accelerate the start of construction on one of India’s most ambitious urban renewal initiatives.

Mumbai Funnel Zone Redevelopment Eases: Building Height Limit Raised to 18 Metres

The Maharashtra government has raised the maximum permissible height for buildings in the Mumbai Airport funnel zone to 18 meters, easing redevelopment for aging societies and tenanted structures. The move aims to balance aviation safety with urban housing needs.