Mumbai Property News

A recent ruling by the Income Tax Appellate Tribunal (ITAT) in Mumbai clarified how taxpayers can claim tax benefits when investing in two adjoining flats and using them as a single home. This decision could help many buyers, especially in cities like Mumbai where people often combine smaller fla

SEBI Chief Madhabi Puri Buch chose not to comment on Real Estate Investment Trusts (REITs) during an event organized by CII on Monday, citing potential conflict of interest concerns. This decision comes in the wake of allegations raised by US sh

Observing that their conduct has jeopardized the entire redevelopment, the Bombay High Court recently ordered seven members of a housing society to either vacate their flats in Chakala, Andheri (East), within two weeks or pay Rs 5 lakh in costs. Justice Arif Doctor noted that such minority memb

The Bombay High Court has denied any relief from demolition to 41 buildings in Vasai, Palghar district, ruling that they are "wholly illegal and unauthorized." These buildings were constructed on land reserved for a sewage treatment plant and dumping ground.<div

The Bombay High Court has strongly criticized the State government and the Slum Rehabilitation Authority (SRA) for failing to address the stalled redevelopment project in Wadala (E). The project, which has left occupants without their promised permanent accommodation or transit rent since 2013,

In a significant ruling, the Bombay High Court has mandated the Maharashtra government to reclaim 20 acres of land in Ghansoli, Navi Mumbai, originally reserved for a government sports complex, from realty developer Kalpataru’s subsidiary, Ixora Properties. The decision underscores the court’s

The Bombay High Court has criticized the Maharashtra government and the Slum Rehabilitation Authority (SRA) for delaying the decision to change the developer of a stalled redevelopment project in Wadala (E). Justices Mahesh Sonak and Kamal Khata, in their order on Wednesday, rebuked the authorities

Municipal Decision Favors Continuation of ConstructionThe Municipal Corporation of Greater Mumbai (MCGM) has decided against issuing a stop work notice for Godrej Properties’ ongoing residential project in Kandivali. This decision comes despite a request from the def

Court Rules in Favor of 14 Housing Societies Over State Housing Authority in JVPD MUMBAI: In a significant ruling, the Bombay High Court has declared that common plots (utilities and amenities) in the Juhu Vile Parle Development (JVPD) area are owned by 14 housing societies and not by the st

Despite the Maharashtra Real Estate Regulatory Authority (MahaRERA) directive for realty developers to establish complaint redressal cells for their projects, only 195 projects across the state have complied. In response, the regulator plans to take action against non-compliant developers. This

State Government Forms New 10-Member PanelThe Maharashtra state government has appointed a new 10-member committee to review and propose amendments to the Maharashtra Apartment Ownership Act, 1970. This decision comes just eight months after a 15-member panel submitt

In the South Mumbai real estate market, despite a legal cap of Rs 25,000 on transfer fees, housing societies are reportedly charging substantial amounts ranging from Rs 10 to 30 lakh for flat transfers. A recent incident involving a businessman selling his spacious flat in a luxury tower highli