Mumbai Property News

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

A recent ruling by the Bombay High Court has clarified the ownership of common plots in the upscale Juhu Vile Parle Development (JVPD) area of Mumbai. The court determined that these plots, which include utilities and amenities, are owned by 14 housing societies rather than the Maharashtra Housin

The Maharashtra Real Estate Regulatory Authority (MahaRERA) is taking significant steps to enhance the grievance redressal mechanism within the real estate sector. Despite a directive mandating realty developers to set up complaint redressal cells for their projects, compliance has been low, with

The Maharashtra state government has recently formed a new 10-member committee to review and propose amendments to the Maharashtra Apartment Ownership Act, 1970. This development follows the submission of recommendations by a previous 15-member panel just eight months ago, which has raised concer

In South Mumbai, the practice of charging transfer fees by housing societies has come under scrutiny, particularly as these fees often exceed the legal cap of Rs 25,000. Despite this regulation, reports indicate that societies are demanding significantly higher amounts, ranging from Rs 10 to 30 l

Understanding capital gains after selling a property is crucial for homeowners and investors in Mumbai. The implications of capital gains tax can significantly affect the financial outcome of a property sale, and the rules governing these taxes can vary based on location and individual circumstan