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real estate news

220 posts
MHADA

MHADA Waives Interest for 2005 Lottery Winner; Orders Action in Wrong Allotment Case

During its 11th Lokshahi Din, MHADA addressed two critical citizen grievances. A 2005 lottery winner under the Balkum, Thane scheme received a waiver on delayed interest, while officials were directed to take swift action in a South Mumbai property misallocation case. The session underscored MHADA’s ongoing focus on prompt and transparent governance
The Bihar RERA has fined a developer ₹1 lakh for displaying "Coming Soon" posters and online ads for an unregistered project, holding that even minimal promotions violate Section 3 of the RERA Act and defeat buyer protection goals.

Neelkanth Infracon Directed to Compensate Homebuyers for Delay

The Maharashtra Real Estate Appellate Tribunal has dismissed Neelkanth Infracon LLP’s appeal and upheld MahaRERA’s order mandating interest payments to homebuyers for delayed possession of flats in the “Neelkanth Kingdom” project.
Oberoi Realty

Oberoi Realty Clocks Rs 970 Crore in Bookings for New Goregaon Tower

Oberoi Realty has achieved Rs 970 crore in bookings for its latest launch—Elysian Tower D—at Oberoi Garden City in Goregaon. With premium 3 and 4-BHK residences and a ready urban ecosystem, the project highlights Mumbai’s growing appetite for integrated luxury living.

India’s Top Realtor Body Declares War on MagicBricks Over ‘Anti-Broker’ Campaigns

In a dramatic showdown, NAR-India has issued a nationwide directive cutting ties with MagicBricks, accusing the real estate platform of disrespecting and misleading the broker community. The apex body is demanding a public apology, while urging regulators to take action.
Lodha

Lodha Reports 71% Surge in Profit for FY25

Lodha has announced a remarkable 71% rise in net profit for FY25, backed by a 34% revenue jump and record pre-sales of ₹176.3 billion.