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real estate news India

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Mumbai’s housing market has started 2026 with a sharp drop in registrations and a worrying fall in affordable home purchases, signalling rising affordability pressure and weakening buyer activity.

Mumbai Housing Market Slipping: Registration Fall, Rs 1 Cr Homes Disappearing From Market

Mumbai’s housing market has started 2026 with a sharp drop in registrations and a worrying fall in affordable home purchases, signalling rising affordability pressure and weakening buyer activity.
The Maharashtra government has sanctioned ₹7.21 crore as enhanced compensation to landowners whose land was acquired for Shirdi Airport, complying with a High Court order and closing a long-running land acquisition dispute.

Maharashtra Govt Clears ₹7.21 Crore Enhanced Compensation for Landowners of Shirdi Airport

The Maharashtra government has sanctioned ₹7.21 crore as enhanced compensation to landowners whose land was acquired for Shirdi Airport, complying with a High Court order and closing a long-running land acquisition dispute.
In a landmark decision, the Maharashtra Real Estate Appellate Tribunal ruled that developers cannot cancel registered sale agreements merely because of delayed payments — a major win for Indian homebuyers and a strong reinforcement of legal protections under RERA and property law.

Developers Cannot Cancel Sale Agreements Just for Payment Delays — Key Win for Homebuyers

In a landmark decision, the Maharashtra Real Estate Appellate Tribunal ruled that developers cannot cancel registered sale agreements merely because of delayed payments — a major win for Indian homebuyers and a strong reinforcement of legal protections under RERA and property law.
Housing price growth across India’s top eight cities slowed sharply to 6% in 2025, reflecting market consolidation after a strong 2024, with Bengaluru and Hyderabad showing relatively stronger momentum, according to PropTiger.

Mumbai Real Estate Clocks 14-Year High: Property Registrations Cross 1.5 Lakh Mark in 2025

Mumbai’s real estate market delivered its strongest performance in over 14 years…
In a key February 2026 decision, MahaREAT ruled that homebuyers withdrawing from delayed projects under RERA are entitled to interest from the promoter's receipt of payments—not from later default dates—overturning a MahaRERA order in the Mullaji vs. Onyx Builders case involving stalled projects in Kurla West, Mumbai.

MahaRERA Rules Developer Cannot Forfeit Entire Booking Amount Upon Cancellation

In a major ruling safeguarding homebuyers, MahaRERA has held that developers cannot forfeit the entire booking amount on cancellation. The Authority ordered refund to the buyer after deducting only 1.5% of the unit cost, directing interest from September 13, 2024.