Mumbai Property News

The Supreme Court has ruled that developers can only deduct a maximum of 10% of the base price when a buyer cancels a booking.

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

In a significant move to enforce transparency and protect homebuyers, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has frozen the bank accounts of over 1,950 stalled or lapsed real estate projects. This action targets developers who have failed to meet regulatory requirements or pr

In a landmark judgment, the Supreme Court (SC) has set aside the Bombay High Court’s (HC) March 2022 decision that directed the Brihanmumbai Municipal Corporation (BMC) to transfer the title of a prime five-acre plot of land in Worli to Century

The Kalyan-Dombivli Municipal Corporation (KDMC) has announced plans to demolish Yusuf Height, a 10-storey building illegally constructed on land reserved for a garden and night shelter. The demolition is scheduled to take place after the monsoon season. The building, located in

Maharashtra RERA Issues Notices to 11,000 Lapsed Housing Projects - 5230 Projects in MMR Default in Updating Projects on MahaRERAThe Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued show-cause notices to 11,000 lapsed housing projects</stron

Older buildings in South Mumbai that lack scope for redevelopment face a range of outcomes influenced by structural conditions, legal frameworks, and market demand. Here’s a detailed breakdown of possibilities:1. Structural Repairs and MaintenanceWhy:

Flat Buyers' Rights Upheld: Key Takeaways from the Bombay HC RulingThe Bombay High Court recently reaffirmed the rights of flat buyers, emphasizing that they cannot be disadvantaged due to a builder's failure to fulfill statutory obligations. This significant ruling underscores t

Understanding Leave and License Agreements in MumbaiWhen renting or leasing property in Mumbai, one of the most commonly used legal documents is the Leave and License Agreement (LLA). Whether you're a property owner or a tenant, understanding this agreement

Selling a flat or any immovable property can lead to significant financial gains, but it also comes with tax implications. Understanding capital gains, the associated tax deducted at source (TDS), reinvestment rules, and the impact of incomplete projects is crucial for making informed decisions.<

Managing a CHS involves understanding the roles of key office bearers, adhering to statutory compliances, conducting meetings, and handling property transactions. Here's a comprehensive guide to assist you:Roles and Responsibilities of Office Bearers:<st

The Maharashtra Real Estate Regulatory Authority (MahaRERA) recently announced its decision to suspend a planned grading system for real estate projects. This initiative aimed to provide homebuyers with a clearer, more comprehensive way to assess project quality and make in