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Real Estate

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Based on the provided news article, here is an excerpt that captures the essence of the ruling: "In a significant legal victory for homebuyers, the Maharashtra Real Estate Appellate Tribunal (MahaRERA Tribunal) has delivered a detailed order affirming the retroactive power of the Real Estate (Regulation and Development) Act, 2016 (RERA Act). The ruling came in the appeals of two allottees from an incomplete project in Malad, solidifying the protection RERA offers to consumers even for agreements made before the law was enacted.

In a landmark decision: MahaRERA Tribunal Upholds RERA Act’s Retroactive Power

Based on the provided news article, here is an excerpt that captures the essence of the ruling: “In a significant legal victory for homebuyers, the Maharashtra Real Estate Appellate Tribunal (MahaRERA Tribunal) has delivered a detailed order affirming the retroactive power of the Real Estate (Regulation and Development) Act, 2016 (RERA Act). The ruling came in the appeals of two allottees from an incomplete project in Malad, solidifying the protection RERA offers to consumers even for agreements made before the law was enacted.
PVC pipe manufacturers in India are expected to clock 10–11% revenue growth in FY26, driven by government-backed demand, policy support, and stable resin prices, with operating margins rebounding to nearly 14%.

PVC Pipe Manufacturers Set for 10–11% Revenue Growth in FY26, Operating Margins to Rebound

PVC pipe manufacturers in India are expected to clock 10–11% revenue growth in FY26, driven by government-backed demand, policy support, and stable resin prices, with operating margins rebounding to nearly 14%.
Navi Mumbai Airport

Airport Micro-Markets See Steepest Property Price Surge

Property prices in airport-led micro-markets such as Yamuna Expressway, Panvel Region, North Bengaluru, and South Hyderabad have surged by 69%–90% between FY 2021 and FY 2025, significantly outperforming the rest of their respective cities.
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.

MahaRERA Tribunal Slams Developer: No Proof of Homebuyer Consent for Porject Delays

In a significant win for homebuyers, the Maharashtra Real Estate Appellate Tribunal on July 9, 2025, rejected developer Joy Homecreation Limited’s claim that allottees consented to project delays for “Joys Adinath Tower-II.” The Tribunal found no documentary proof of such consent and ordered the promoter to pay interest immediately for delayed possession, overriding a previous MahaRERA order.
Mumbai’s August 2025 property registrations fell to 11,230 and stamp duty to ₹1,000 crore, down 11% and 19% month-on-month. The dip signals a demand pause ahead of the festive season, with pricing and offers set to decide the next leg.

Raheja Universal Achieves Staggering ₹1,726 Crore Sales Milestone at Solaris, Navi Mumbai

Raheja Universal has successfully closed sales on all 956 units of its Solaris residential project in Navi Mumbai’s Raheja District, generating a total of ₹1,726 crore. This significant achievement highlights the demand for well-planned, amenity-rich homes in the rapidly growing Vashi NX micro-market. Following this success, Raheja Universal is now set to launch Lunaris, the next phase of urban-fit homes in the thriving township.