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Real Estate

418 posts
MahaRERA Appellate Tribunal Orders Developer to Refund Buyers, Rejects Cancellation Fee

MahaRERA Appellate Tribunal Orders Developer to Refund Buyers, Rejects Cancellation Fee

The MahaRERA Appellate Tribunal has directed a developer to refund the outstanding payment with interest, rejecting cancellation charges. This verdict highlights the commitment to safeguarding homebuyers’ rights under the RERA Act.

Adani Group’s Mah-Hill Properties Acquires Prime Malabar Hill Land for ₹170 Crore

Mah-Hill Properties Pvt Ltd, a subsidiary of the Adani Group, has expanded its portfolio with the acquisition of a prime land parcel in the prestigious Malabar Hill area of South Mumbai for ₹170 crore, according to property registration documents. The transaction involved the transfer of ownership of over 48,000 sq ft of land from Behram Nowrosji Gamadia, which also includes a 257 sq m structure. Records indicate that this property boasts a rich history, with ownership rooted in the pre-independence era and passed down through the Gamadia family.
India’s Ultra Luxury Home Market Soars: 49 Homes Above ₹ 100 Crore Sold for ₹ 7,500 Crore in Three Years

49 Homes Above ₹ 100 Crore Sold for ₹ 7,500 Crore in Three Years

India’s ultra-luxury home market is booming, with 49 properties priced above ₹100 crore sold for a staggering ₹7,500 crore in just three years. Mumbai takes the lead with 69% of the deals, while apartments now dominate over bungalows in this elite segment.
HDIL Insolvency Proceedings Stall MahaRERA Complaint – Homebuyers Left in Limbo

HDIL Insolvency Proceedings Stall MahaRERA Complaint – Homebuyers Left in Limbo

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has adjourned complaints filed by homebuyers against HDIL sine die due to the insolvency moratorium mandated under the Insolvency and Bankruptcy Code (IBC). The decision was held by Ravindra Deshpande on August 20, 2019, leaving homebuyers in uncertainty as they await resolution through the ongoing Corporate Insolvency Resolution Process (CIRP).
Lata Mangeshkar’s Thoughtful Real Estate Move: A Backup Plan in Parel

Lata Mangeshkar’s Thoughtful Real Estate Move: A Backup Plan in Parel

Lata Mangeshkar, the Nightingale of India, once made a thoughtful real estate move to secure a backup residence in Parel, anticipating disruptions from the proposed Peddar Road Flyover. Although she never moved from her iconic “Prabhu Kunj” home, this decision reflects the legendary singer’s practical approach to maintaining peace and comfort in her life.