Browsing Tag

redevelopment delays

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“The rates mentioned in the Ready Reckoner are basically for the purpose of collection of stamp duty and cannot be the basis for determination of the compensation for the lands acquired under the Land Acquisition Act,” the Bombay High Court reiterated while slamming the SLAO’s flawed approach and upholding enhanced compensation of ₹3.99 crore.

Bombay HC Strips Developer of Mulund Project, Society Wins Back Land

In a landmark February 16, 2026 ruling, Bombay High Court Justice Somasekhar Sundaresan directed defaulting developer Alag Property to hand over Mulund Endeavour CHS redevelopment site, appointing Court Receiver amid ₹9.77 crore dues and 5+ years displacement. A rare win empowering societies against stalled projects.

Developers of Four Associations Meet BMC Commissioner, Submit 34-Point Plan to Cut Delays, Lower Costs, and Speed Up Mumbai Homes

Four Mumbai real estate associations met BMC Commissioner to push 34 reforms: update EODB, auto-approvals, lower fees, stable policies—aiming to speed projects and ease homebuying burdens.