Browsing Tag

Redevelopment

48 posts
Mumbai recorded 12,070 property registrations in September 2025, marking a 32% YoY rise and the best September since 2013. Stamp duty revenues grew 47% YoY to ₹1,292 crore, boosted by festive demand and strong buyer confidence in suburban markets.

ALL IN THE NAME OF POOR! The Detrimental Impact of DCR 33(11)

It’s a matter of great concern for all Mumbaites that successive governments have shown little interest in resolving the burning issue of housing, including the recent phenomenon of private property redevelopment. This article exposes how new DC regulations, particularly DCR 33(11), are ironically worsening the city’s housing crisis in the name of the poor.
Boman Irani, Rustomjee

MHADA Awards GTB Nagar Sion Project to Keystone Realtors (Rustomjee Group)

MHADA’s ambitious redevelopment of Punjabi Colony in Sion’s GTB Nagar, Mumbai, is moving forward following crucial legal clearances from the Bombay High Court and Supreme Court. This project aims to transform the historically significant area, originally a refugee settlement for Partition-era migrants, by providing modern homes and additional housing.
Boman Irani, Rustomjee

MHADA Awards Tender to Rustomjee to Redevelop GTB Nagar Sion Project

MHADA’s ambitious redevelopment of Punjabi Colony in Sion’s GTB Nagar, Mumbai, is moving forward following crucial legal clearances from the Bombay High Court and Supreme Court. This project aims to transform the historically significant area, originally a refugee settlement for Partition-era migrants, by providing modern homes and additional housing.
The Bihar RERA has fined a developer ₹1 lakh for displaying "Coming Soon" posters and online ads for an unregistered project, holding that even minimal promotions violate Section 3 of the RERA Act and defeat buyer protection goals.

Not Just Developers! Tribunal Says Society is Also a Promoter Under RERA

In a major ruling, the Maharashtra Real Estate Appellate Tribunal held that a society redeveloping its own property after terminating the builder is also a “promoter” under RERA — making it liable to compensate flat buyers and requiring it to deposit funds before appealing.
MHADA resolves a 2-year pending flat allotment case at Lokshahi Din, ensuring quick possession for an eligible resident. Key citizen complaints on redevelopment, repairs, and illegal construction also addressed.

MHADA Allottee Gets Flat After 2-Year Wait at Lokshahi Din

At MHADA’s 12th Lokshahi Din, a two-year wait ended for a flat allottee as officials ordered immediate possession of the allotted home. Other citizen issues like illegal construction in Goregaon, stalled redevelopment in Kalina, and repair requests in Girgaon were also addressed swiftly.