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real estate news

220 posts
The Maharashtra Real Estate Appellate Tribunal has ruled that RERA does not allow homebuyers to return a flat and seek refund after taking possession, holding that acceptance of possession closes the exit route under Section 18 of the Act.

📝 Stalled Since 2017, This Real Estate Project Gets MahaRERA Green Light After Legal Knot Unravelled

Stalled since 2017, Pune’s Marvel Basilo project has received MahaRERA’s go-ahead to resume construction and sales after key legal battles were settled. The order brings long-awaited clarity and relief to homebuyers caught in delays for nearly a decade.
The Maharashtra Real Estate Appellate Tribunal (MahaREAT) set aside a MahaRERA order, ruling that a cooperative housing society that terminates a developer and undertakes self-redevelopment is not a 'Promoter' under RERA and is not liable for the former developer's debts or obligations to third-party allottees.

MahaREAT Landmark Ruling: Housing Societies Not Automatically ‘Promoter’ for Erstwhile Developer’s Liabilities

The Maharashtra Real Estate Appellate Tribunal (MahaREAT) set aside a MahaRERA order, ruling that a cooperative housing society that terminates a developer and undertakes self-redevelopment is not a ‘Promoter’ under RERA and is not liable for the former developer’s debts or obligations to third-party allottees.
RBI

RBI Keeps Repo Rate at 5.5%: What It Means for Your Home Loan EMIs This Festive Season

The RBI’s decision to hold the repo rate at 5.5% ensures no change in home loan EMIs, giving relief to borrowers ahead of the festive season. Experts from CREDAI-MCHI, ANAROCK, Colliers, JLL, and others highlight how stable EMIs, GST relief, and festive demand create a golden window for homebuyers.
India’s housing market is entering a new phase of “value growth without volume,” with ANAROCK projecting over ₹6.65 lakh crore in home sales value in FY26 — up nearly 20% year-on-year. But unit sales are expected to stagnate as luxury homes dominate new supply and affordability weakens in key cities.

Mumbai Property Registrations Rise Despite Shraadh Period

Defying the Shraadh slowdown, Mumbai recorded 10,587 property registrations and ₹1,142 crore in stamp duty revenue till September 27, 2025—surpassing last year’s figures and signaling resilient demand in the city’s real estate market.
GST

GST Cuts to Lower Costs for Families, Make Homes More Affordable This Festive Season

The GST Council’s decision to slash rates across essential items and housing inputs will lower family expenses and boost property demand. For homebuyers, this festive season could bring better deals, affordability, and a surge in housing activity.