Mumbai Property News

The Maharashtra government is set to introduce property cards that will include valuation details for all properties across the state. This initiative aims to enhance the existing system of property documentation by adding an indicative worth to ownership records. By embedding valuation informati

The Maharashtra government is set to challenge a recent Bombay High Court ruling regarding a significant 254 acres of land by appealing to the Supreme Court. This move indicates the government's intention to contest the high court's decision, which has left the title and control of this substanti

The Slum Rehabilitation Authority (SRA) has made a significant decision to scrap 181 out of 228 slum redevelopment projects that were planned under a government joint-venture model in Mumbai. This move comes in response to concerns regarding slow progress and the overall feasibility of these proj

Oberoi Realty has reported a significant increase in its annual net profit for the financial year 2025-26, marking a notable achievement in the company's history. The net profit rose by 12.67% to ₹2,507.43 crore, up from ₹2,225.51 crore in the previous financial year. This growth is attributed to

A recent ruling has established that both landowners and developers share equal accountability for delays in real estate projects. This decision expands the scope of liability, ensuring that landowners cannot evade responsibility for lapses in project delivery. This is particularly relevant in th

A proposal to introduce vertical property cards has resurfaced in discussions with the Maharashtra government. This initiative aims to establish a clear, floor-wise record of ownership for multi-storey buildings, which is particularly relevant in a high-rise-dominated city like Mumbai. U

The Maharashtra Housing and Area Development Authority (MHADA) has taken a significant step in the development of affordable housing by issuing a letter of acceptance to a consortium selected for a large-scale project spanning 33 acres. This formal acceptance marks the transition from the bidding

An Arisinfra subsidiary has secured a ₹650 crore Drywall-as-a-Service (DaaS) contract for a project by Wadhwa, marking a significant development in the construction materials and services sector. This contract encompasses the supply and execution of drywall systems, which are essential for interi

The real estate regulator has issued a directive aimed at ensuring that developers maintain realistic standards in their advertising practices. This advisory is particularly focused on preventing misleading or exaggerated claims about various aspects of real estate projects, including amenities,

Housing societies in Mumbai have received a significant boost with a new provision that allows them to expand their leisure and recreational facilities without these expansions counting against their floor space index (FSI). This development is set to enhance the quality of living in residential

Four entities associated with the Indiabulls Real Estate case have collectively paid ₹10.5 crore to the Securities and Exchange Board of India (SEBI) to settle ongoing proceedings. This payment allows them to resolve the case without admitting or denying the findings, in accordance with SEBI's se

The real estate sector in Mumbai is currently facing significant challenges due to a combination of labour shortages and rising input costs. These factors are causing delays in construction timelines and putting pressure on developer profit margins, leading to a slowdown in project deliveries.</p