Mumbai Property News

In Mumbai's competitive rental market, the Leave and License Agreement (LLA) serves as a crucial legal document for both property owners and tenants. Understanding the nuances of this agreement is essential for ensuring a smooth rental experience that adheres to legal standards. What is

Selling a flat or any immovable property can yield substantial financial gains, but it is essential to understand the tax implications that accompany such transactions. Capital gains, tax deducted at source (TDS), reinvestment rules, and the effects of incomplete projects are critical factors to

Forming a new housing society, particularly a Co-operative Housing Society (CHS), comes with a set of responsibilities that are crucial for its smooth operation. Understanding the roles of key office bearers and adhering to statutory compliances is essential for effective management. This guide o

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has recently decided to suspend its planned grading system for real estate projects in Mumbai. This grading initiative was intended to provide homebuyers with a clearer framework for assessing the quality of various projects, thereby fac

A recent ruling by the Income Tax Appellate Tribunal (ITAT) in Mumbai has provided clarity on how taxpayers can claim tax benefits when investing in two adjoining flats that are used as a single home. This decision is particularly relevant for buyers in cities like Mumbai, where it is common to c

The recent remarks by the Chief of the Securities and Exchange Board of India (SEBI), Madhabi Puri Buch, have stirred discussions in the real estate investment community. During a CII-organized event, Buch refrained from commenting on Real Estate Investment Trusts (REITs) due to concerns over pot

The Bombay High Court has mandated that seven members of a housing society in Chakala, Andheri (East) must either vacate their flats within two weeks or face a penalty of Rs 5 lakh. This ruling comes in light of their actions, which have been deemed detrimental to the ongoing redevelopment of the

The Bombay High Court has recently ruled against providing any relief to 41 buildings in Vasai, located in the Palghar district. The court deemed these structures as "wholly illegal and unauthorized" since they were constructed on land designated for a sewage treatment plant and a dumping ground.

The Bombay High Court has expressed strong disapproval of the State government and the Slum Rehabilitation Authority (SRA) for their failure to resolve the stalled redevelopment project in Wadala (E). This project has left occupants without their promised permanent accommodation or transit rent s

The Bombay High Court has recently ruled that the Maharashtra government must reclaim 20 acres of land in Ghansoli, Navi Mumbai, which was originally designated for a sports complex. This ruling comes in response to the state's failure to develop the complex, which was intended to promote sports

The Bombay High Court has expressed strong disapproval of the Maharashtra government and the Slum Rehabilitation Authority (SRA) for their failure to promptly replace the developer of a stalled redevelopment project in Wadala (E). This criticism comes in light of ongoing issues faced by residents

The Municipal Corporation of Greater Mumbai (MCGM) has opted not to issue a stop work notice for Godrej Properties' residential project in Kandivali, despite concerns raised by the defence ministry's Central Ordnance Depot (COD) regarding the project's proximity to their complex. This decision al