Mumbai Property News

MHADA has successfully reclaimed an eight-acre plot in Juhu after a lengthy legal battle.

BMC has attached 18 buildings in Chandivli to recover ₹179 crore in tax arrears from DBS Realty.

Around 10,000 housing societies in Maharashtra are seeking a single-window clearance for self-redevelopment of buildings over 30 years old.

The Maharashtra government is considering a 10% increase in Ready Reckoner rates from April 1, 2025, which will affect property transactions.

BMC aims to generate ₹350 crore by taxing commercial establishments in slums for the 2025-26 fiscal year.

Floor Space Index (FSI) is an essential aspect of real estate development in Mumbai, determining how much construction can occur on a given plot of land. It represents the ratio of the total built-up area to the size of the plot. For instance, an FSI of 2 allows for a total built-up area that is

The Maharashtra government's recent decision to waive tolls for light motor vehicles at key entry points into Mumbai is a significant development for daily commuters. This initiative aims to alleviate traffic congestion and provide financial relief to those who frequently travel into the city.</p

The recent issuance of notices by authorities to recover Goods & Services Tax (GST) dues on the transfer of leasehold land has raised significant concerns within the real estate sector. This development has ignited a debate among industry stakeholders regarding the classification of such transact

In a proactive move ahead of the monsoon season, the Brihanmumbai Municipal Corporation (BMC) has released a list of 188 residential buildings classified as "very dangerous" and "dilapidated." This announcement serves as a crucial warning for residents living in these structures, urging them to r

The Brihanmumbai Municipal Corporation (BMC) has reported a significant property tax collection of Rs 3,905 crores for the fiscal year 2023-24, with a revised target set at Rs 4,500 crores. This initiative reflects the BMC's ongoing efforts to enhance revenue collection through property taxes, wh

The Maharashtra government has introduced the "Maharashtra Stamp Duty Abhay Yojana 2023" aimed at providing relief to property buyers through significant exemptions on stamp duty and penalties. This scheme will be implemented in two phases, allowing eligible documents executed by various authorit

The Maharashtra cabinet has introduced the Stamp Duty Abhay Yojana (Amnesty Scheme) 2023, aimed at enhancing revenue while providing financial relief to citizens. This initiative, announced on November 29, focuses on easing the financial burdens associated with stamp duty and penalties for proper