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real estate news

216 posts
MahaRERA rules builder's one-sided termination — issued 4 years after homebuyers' complaint — cannot cancel statutory delay interest rights under RERA while project incomplete, granting interest from Jan 2022 till possession with OC in Ruparel Skygreens I case.

RERA Can’t Guarantee Delivery: MahaRERA Orders Justice After 5-Year Delay

A MahaRERA order highlights that RERA registration does not ensure timely possession. After a five-year legal fight, a homebuyer secured a refund with interest as the authority found the developer guilty of defaulting even after signing the agreement post-RERA implementation.
In a landmark ruling, the Bombay High Court has cleared the path for the BMC to take direct control of a Malad East slum rehabilitation project, rehabilitating eligible dwellers at its own expense after cancelling a private developer's NOC for non-compliance. The decision prioritizes public amenities on civic land and highlights landowner rights in Mumbai's redevelopment landscape.

Transit Rent Default Can Cost Builders Their Personal Assets, Bombay HC Signals in Strong Order

The Bombay High Court has ruled that developers who default on paying transit rent to slum dwellers can now have dues recovered from their personal assets, thanks to the newly inserted Section 33B. Calling for strict implementation, the Court directed SRA to decide transit rent complaints within 15 days and ensure immediate disbursal with interest.
Krisala–Hiranandani Township in North Hinjawadi has created a national record with over 1,100 homes allotted in one day and ₹1,000 crore in sales, marking one of India’s most successful residential launches ever.

Krisala–Hiranandani Township Creates National Record: 1,100 Homes Allotted in a Single Day, ₹1,000 Crore Booked

Krisala–Hiranandani Township in North Hinjawadi has created a national record with over 1,100 homes allotted in one day and ₹1,000 crore in sales, marking one of India’s most successful residential launches ever.
Omaxe Group has fully repaid over ₹700 crore to Samman Capital ahead of schedule, showcasing strong cash flow management and a sharper balance sheet. The early repayment marks a key milestone in the developer’s ongoing efforts to deleverage and strengthen financial resilience across its portfolio.

Omaxe Completes Key Projects in Chandigarh & Prayagraj, Fully Repays SWAMIH Funding

Omaxe Group has completed major construction milestones in New Chandigarh and Prayagraj while fully repaying the SWAMIH Fund from internal cash flows. The achievement underscores the developer’s financial discipline, strong sales performance, and commitment to timely project execution.
In a landmark ruling on November 25, 2025, the Bombay High Court clarified that the contractual term 'built-up area wall to wall' equates to carpet area, dismissing a developer's challenge to an arbitral award in a Mumbai land development dispute. The decision highlights the need for precise language in real estate agreements to prevent ambiguities over usable space.

From ₹8,000 to ₹9,500: How a Rate Row Between Two Builders Delayed 80 Families for Two Years

“₹8,000 or ₹9,500 per sq.ft.? One builder’s greed over ₹1,500/sq.ft. kept 80 ready Pune flats locked for two years. Today the Bombay High Court said ENOUGH — quashed the stop-work notice and ordered immediate possession. When private fights hurt real home-buyers, the court steps in.”