real estate news
Maharashtra Pledges Progressive Real Estate Policies for Sustainable Growth
The Maharashtra government is committed to revamping its real estate policies to promote housing and infrastructure development, with a focus on sustainability and inclusive growth.
Real Estate Maharashtra
GHV Infra Secures Rs 2,000-Crore PAP & Police Housing Project in Mumbai
GHV Infra Projects has received a Letter of Intent (LoI) from Valor Estate to serve as the EPC partner for the PAP & Police Housing Project in Malad (East), Mumbai. This significant project, valued at Rs 2,000 crore, will enhance the company's presence in Maharashtra’s real estate and infrastructure sector.
Real Estate Maharashtra
Bombay High Court Halts Recovery Efforts in Tourism Policy Dispute
The Bombay High Court has temporarily halted the recovery of dues from a water park operator, providing interim relief against the revocation of a tax exemption under the 2006 Tourism Incentive Policy. This decision impacts investments in tourism and real estate across Maharashtra.
Real Estate Maharashtra
MahaRERA Deregisters 18,693 Non-Compliant Real Estate Agents
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has cancelled the registration of 18,693 real estate agents for failing to meet regulatory standards, reinforcing its commitment to transparency and consumer protection.
Real Estate Maharashtra
Pune-Bengaluru Expressway: Halving Travel Time and Boosting Economic Growth
The upcoming Pune-Bengaluru Expressway is set to transform connectivity and economic prospects across Maharashtra and Karnataka, reducing travel time from 15 hours to just 7 hours.
Real Estate Maharashtra
Real Estate Tribunal Rejects Firm's Delayed Appeal
The Maharashtra Real Estate Appellate Tribunal (MREAT) has dismissed Agile Real Estate's (AREPL) application for condonation of delay in filing an appeal against an order by MahaRERA. The tribunal ruled that the firm failed to act diligently and did not provide sufficient reasons for the delay.
Real Estate Maharashtra
MahaRera Tightens OC Verification for 3,699 Lapsed Housing Projects
In response to the recent fake document fraud in Kalyan-Dombivli, the Maharashtra Real Estate Regulatory Authority (MahaRera) is intensifying its efforts to verify occupancy certificates (OCs) for 3,699 lapsed housing projects across the state. This move aims to ensure transparency and accountability in the real estate sector.
Real Estate Pune
Mumbai Real Estate: Property Registrations Decline by 4% in February, Stamp Duty Revenue Steady
Mumbai's real estate market saw a 4% drop in property registrations in February, while stamp duty revenue remained stable. This trend indicates a slowdown in the market, but financial stability is maintained.
Real Estate Mumbai
Maharashtra Real Estate: Majority of Developers Update Project Details for MahaRERA Compliance
A significant number of real estate developers in Maharashtra have taken steps to improve their compliance with the Maharashtra Real Estate Regulatory Authority (MahaRERA) by updating their project details. This move reflects a growing commitment to trans
Real Estate Maharashtra
KDMC RERA Scam: 6,500 Residents Face Eviction as Illegal Buildings Scheduled for Demolition
In the ongoing Maharashtra real estate crisis, a shocking 33% of projects have lapsed, leading stakeholders to demand stricter RERA laws. The RERA certificate scam has now come to light, putting 6,500 residents at risk of eviction as illegal buildings are
Real Estate Maharashtra
Supreme Court Refrains from Commenting on Merits in Limited Scope Appeals
The Supreme Court of India restored two appeals filed by allottees to the Maharashtra Real Estate Appellate Tribunal, emphasizing that the scope of the appeals was limited to examining the correctness of the lower court's decision rather than commenting o
Real Estate Mumbai
Will Homebuyers Face Increased Costs in Maharashtra with New Ready Reckoner Rates?
The Maharashtra government is contemplating a hike in ready reckoner rates for 2025-2026. This follows a previous increase of 8.8% in April, affecting most regions except Mumbai.
Real Estate Maharashtra
Will Homebuyers in Maharashtra Face Higher Costs if the Government Adjusts RR Rates?
The Real Rate (RR) is a crucial factor that influences the premiums, charges, and Floor Space Index (FSI) rates paid by real estate developers to municipal corporations. Any changes to the RR rates could have significant implications for homebuyers in Mah
Real Estate
Maharashtra Real Estate Body Directs Self-Regulatory Organisations to Replace MahaRERA
As per the Real Estate (Regulation and Development) Act, 2016, all housing projects in Maharashtra must be registered with MahaRERA before any advertising or sales can proceed. The Maharashtra real estate body has now directed Self-Regulatory Organisation
real estate news
Maharashtra Real Estate Body Directs Self-Regulatory Organisations to Replace Builders
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued a directive to self-regulatory organisations (SROs) to take over the management of certain projects from builders who have failed to comply with regulations. This move aims to ensure t
Real Estate Pune
MahaRERA’s Crackdown: Over 5300 Developers Respond to Lapsed Project Notices
Mumbai, 9th January 2025: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has received an encouraging and positive response to the notices issued for lapsed project registrations.
real estate news
A Fresh Start for Maharashtra's Housing: Solapur Urban Project Uplifts Communities
In a groundbreaking initiative, the Solapur Urban Project in Maharashtra is transforming the lives of thousands by providing affordable and sustainable housing solutions. This innovative approach to urban development is setting a new standard for the real
Real Estate Maharashtra
MahaRERA Pauses Real Estate Project Grading in Maharashtra
MahaRERA, the regulator for the real estate sector in Maharashtra, has decided to put the grading of real estate projects on hold. Senior officials have cited the Real Estate Regulatory Act 2016 as not authorizing them to grade projects, leading to the de
Real Estate Maharashtra
Homebuyers Alert: 314 Housing Projects in Maharashtra Face Insolvency
MahaRERA has issued a warning to homebuyers about 314 real estate projects in Maharashtra that are currently undergoing insolvency proceedings.
Real Estate Pune
314 Housing Projects in Maharashtra at Risk of Insolvency: MahaRERA Issues Warning
Mumbai, 10th October 2024: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has revealed that 314 housing projects registered with it are currently under insolvency proceedings at the National Company Law Tribunal (NCLT) under the Insolvency an