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Real Estate

463 posts
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.
In a blow to real estate borrowers, the Bombay High Court has ruled that a single mortgage securing multiple loans counts as separate transactions, forcing Mumbai developer Neepa Real Estates to pay an extra ₹72 lakh in stamp duty and penalties on ₹625 crore worth of loans.

Homebuyer Wins Relief: Developer Ordered to Fix Structural Issues in Flat

A Mumbai homebuyer, Palvinder Singh, has secured a partial victory against developer Mohan Lifespaces LLP, with MahaRERA ordering the rectification of structural defects in his flat. While a refund request was denied due to the timely issuance of the Occupancy Certificate and delayed possession by the buyer, the Authority mandated the developer to fix issues like wall cracks and tile problems within 30 days, upholding Section 14(3) of the RERA Act.
India’s top 8 metros doubled their built-up footprint to 4,308 sq. km. in 30 years. Pune recorded the highest growth at 332%, while Delhi NCR added the most land—400 sq. km.—making it the largest metro footprint in the country.

Mumbai Property Registrations Reach All-Time High in First Half of 2025

Mumbai’s property market achieved an all-time high in the first half of 2025, recording 75,672 property registrations and INR 6,699 crore in revenue. This growth, detailed with insights from ANAROCK’s Anuj Puri, highlights a resilient market with increasing sales of high-ticket homes despite a slight dip in overall transaction volume for June.
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Pune Property Market Sees Mixed Trends in May 2025; Year-to-Date Performance Strong

Pune’s property market in May 2025 experienced a minor decline in registrations and stamp duty, yet the first five months of the year recorded the highest property registrations and revenue in four years, showcasing the market’s underlying strength.