MICL Group Expands South Mumbai Presence with ₹2,000 Cr Tardeo Redevelopment Deal

MICL Group expands its South Mumbai portfolio with a ₹2,000 crore Tardeo redevelopment deal, taking its total pipeline in the region to over ₹8,000 crore.

Bombay HC GST Relief Verdict Could Unlock Rs. 30,000 Cr Redevelopment Potential in Mumbai

The recent Bombay High Court ruling in the Shrinivasa Realcon case has clarified that GST does not apply to redevelopment projects where no transfer of development rights or FSI occurs. CREDAI-MCHI says this verdict could unlock over ₹30,000 crore worth of stalled redevelopment in Mumbai, urging policymakers to act swiftly on GST clarity to rejuvenate the city’s aging housing stock.