Mumbai Property News

In a significant ruling for homebuyers, the Bombay High Court has reaffirmed that flat purchasers are entitled to receive interest under RERA for every month of delay in possession. The judgment strengthens buyer protections and reinforces developer accountability in delayed housing projects.

A recent Income Tax Appellate Tribunal ruling granting tax relief in a Mumbai land sale case highlights the importance of compliance, documentation, and understanding capital gains provisions in real estate transactions.

The Income Tax Appellate Tribunal (ITAT) has upheld tax relief on compensation received under a court-approved consent decree, reinforcing the principle that not all compensation receipts are automatically taxable under income tax laws.

A recent Supreme Court ruling has clarified the distinction between genuine homebuyers and investors under the Insolvency and Bankruptcy Code (IBC), a decision that could significantly impact future insolvency proceedings involving real estate projects.

Chief Justice of India Surya Kant has cautioned that arbitration is increasingly acquiring many of the delays and inefficiencies it was originally designed to eliminate, raising concerns about the future effectiveness of India's dispute-resolution framework.

MahaRERA's recovery of penalties is lagging, with only ₹222 crore collected from ₹912 crore imposed, despite dedicated recovery officers.

The Supreme Court has confirmed the Navi Mumbai civic body's authority to collect property tax from industrial units in the Thane-Belapur area.

MahaRERA has taken action against Mumbai builders for construction defects and delayed possession, emphasizing compliance with regulations.

Maharashtra's registration department encourages online registration of rental agreements to avoid legal issues.

The recent amendment to housing law, which replaces the provision for jail terms with monetary penalties, has been positively received by both experts and homebuyers. This change is viewed as a more balanced approach to enforcement, aimed at fostering a healthier environment for real estate devel

The Maharashtra government is set to challenge a recent Bombay High Court ruling regarding a significant 254 acres of land by appealing to the Supreme Court. This move indicates the government's intention to contest the high court's decision, which has left the title and control of this substanti

The real estate regulator has issued a directive aimed at ensuring that developers maintain realistic standards in their advertising practices. This advisory is particularly focused on preventing misleading or exaggerated claims about various aspects of real estate projects, including amenities,