Browsing Tag

Real Estate

460 posts
Mumbai recorded 12,070 property registrations in September 2025, marking a 32% YoY rise and the best September since 2013. Stamp duty revenues grew 47% YoY to ₹1,292 crore, boosted by festive demand and strong buyer confidence in suburban markets.

Mumbai Property Market Remains Resilient, Crosses 11,000 Registrations in August

Mumbai’s property market saw over 11,000 registrations in August 2025, reinforcing its resilience. Residential transactions led the way, driven by a strong preference for compact apartments and a steady rise in the luxury housing segment.
The government of Maharashtra has issued a new circular, effective immediately, canceling the appointment of all Authorized Service Providers (ASPs) for online Leave and License registration. This move aims to simplify the process for citizens and eliminate intermediaries, but it also places new responsibilities on tenants and landlords.

New Government Mandate: No more middlemen for rent agreements!

The government of Maharashtra has issued a new circular, effective immediately, canceling the appointment of all Authorized Service Providers (ASPs) for online Leave and License registration. This move aims to simplify the process for citizens and eliminate intermediaries, but it also places new responsibilities on tenants and landlords.
In a pioneering ruling, MahaREAT directs developers to repay a buyer's 2009 cash booking of ₹7.5 lakh as part of ₹15 lakh relief with interest, upholding an unregistered deal and piercing partnership defenses.

Possession Dates Are Not Up For Negotiation

In a landmark relief for homebuyers, the Maharashtra Real Estate Appellate Tribunal has stayed a MahaRERA order that overturned refund reliefs, ruling that review powers cannot amend substantive orders. This precedent strengthens homebuyer protections against promoter tactics.
PVR Inox has secured a 15-year lease for a massive retail space in the new Oberoi Sky City Mall in Borivali, with a monthly rent of ₹91.42 lakh or 20% revenue share, whichever is higher.

PVR Inox Leases Space in Oberoi Sky City Mall, Borivali, for ₹91.42 Lakh Monthly Rent or 20% Revenue Share

PVR Inox has secured a 15-year lease for a massive retail space in the new Oberoi Sky City Mall in Borivali, with a monthly rent of ₹91.42 lakh or 20% revenue share, whichever is higher.
MHADA

Registration Extended to Sept 8 for MHADA’s E-Auction of 149 Non-Residential Shops

The Mumbai Housing and Area Development Board has extended the registration and application deadline for its e-auction of 149 non-residential shops to September 8, 2025. The e-auction is scheduled for September 10, with results on September 11.