Mumbai Property News

BMC has recovered ₹1.47 crore from a developer after issuing a stop-work notice for exceeding permitted floors in Agripada.

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has taken a decisive step to enhance transparency and safeguard the interests of homebuyers by freezing the bank accounts of over 1,950 stalled or lapsed real estate projects. This action is aimed at developers who have not complied with

The Supreme Court has issued a significant ruling regarding the land previously leased to Century Textiles and Industries Ltd in Worli, overturning a decision made by the Bombay High Court. This judgment allows the Brihanmumbai Municipal Corporation (BMC) to reclaim a prime five-acre plot of land

The Kalyan-Dombivli Municipal Corporation (KDMC) has initiated plans to demolish Yusuf Height, a 10-storey building that was constructed illegally on land designated for a garden and night shelter. This action follows an investigation that uncovered fraudulent practices by the builder, leading to

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has taken significant action against developers in the Mumbai Metropolitan Region (MMR) by issuing show-cause notices to 11,000 lapsed housing projects. This move targets those developers who have not updated the status of their projects

In South Mumbai, older buildings that do not have the potential for redevelopment face a variety of outcomes shaped by their structural conditions, legal frameworks, and market demand. These buildings, often rich in history, may be stuck in a cycle of deterioration or forced adaptation, leading t

The recent ruling by the Bombay High Court has significant implications for flat buyers in Mumbai, particularly regarding their rights under the Maharashtra Ownership of Flats Act (MOFA). The court's decision reinforces that flat purchasers should not suffer due to a builder's failure to meet sta

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