314 Housing Projects in Maharashtra Facing Insolvency

A total of 314 housing projects in Maharashtra are undergoing insolvency proceedings, prompting MahaRERA to release a public list to safeguard homebuyers. The ongoing, lapsed, and completed projects have significant investments at stake, highlighting the need for transparency and informed decision-making in the real estate sector.

Repo Rate Unchanged – Housing Set for Festive Season

The Reserve Bank of India has kept the repo rate unchanged at 6.5%, a decision viewed as pivotal for the housing market during the upcoming festive season. With rising property prices and declining sales, this stability in borrowing costs is expected to encourage homebuyer activity and support the overall growth of the real estate sector.

Farmer Leader Raju Shetti Secures ₹1.20 Crore MHADA House Before Lottery Results

Farmer leader Raju Shetti has won a ₹1.20 crore MHADA flat in Powai as the only applicant under the MP/MLA/MLC quota. The results of the lottery for 2,030 homes will be revealed on Tuesday.

Experion Elements Phase 1 in Noida Sold Out – Registers INR 900 Crore in Sales

Experion Developers has announced the sell-out of Phase 1 of Experion Elements in Noida, generating nearly INR 900 crore in sales. The project features 3 and 4 BHK homes and various amenities, with Phase 2 expected to launch soon.

MahaRERA Temporarily Reverts to Old Website Amid Technical Challenges

MahaRERA has announced a temporary switch back to the old MahaIT website starting October 5 due to ongoing technical difficulties with the new MahaCRITI platform, ensuring that stakeholders can access necessary services during the busy Diwali and Dussehra season.