Browsing Tag

real estate mumbai

27 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.

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.
MHADA

MHADA to Hold Mumbai Lottery for 5,000 Homes

MHADA’s Mumbai Board will conduct a lottery for 5,000 affordable homes around Diwali 2025. The homes, catering to EWS, LIG, MIG, and HIG categories, offer a crucial opportunity for homebuyers struggling with high property prices in Mumbai.
affordable homes

MHADA Chief Calls for Public-Private Partnership to Accelerate Mumbai’s Redevelopment at EODR 2.0

Over 3,000 housing societies and 40 developers gathered at CREDAI-MCHI’s EODR 2.0, where MHADA CEO Sanjeev Jaiswal emphasized the urgency of public-private partnerships and policy reforms to revamp Mumbai’s aging buildings and drive transparent, efficient redevelopment.