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MAHARera directs SROs to replace representatives with 2 years' tenure

MAHARera directs SROs to replace representatives with 2 years' tenure

MahaRERA has also emphasised that representatives assisting in housing project registrations must possess domain expertise in at least one of three critical areas: legal, financial, or technical. This requirement is essential to ensure seamless and efficient project registration

14 January,2025 12:20 AM IST | Mumbai | mid-day online correspondent
Maharashtra: Over 1000 real estate ads in state found to be misleading

Maharashtra: Over 1000 real estate ads in state found to be misleading

Developers exploit weak penalties, misleading flat buyers with false claims

11 January,2025 10:56 AM IST | Mumbai | Vinod Kumar Menon
SC rules in favour of BMC, reversing the Bombay HC verdict on the land transfer

SC rules in favour of BMC, reversing the Bombay HC verdict on the land transfer

The Supreme Court has overturned a Bombay HC ruling that directed the BMC to transfer the title of a five-acre land in Worli to Century Textiles. The court sided with BMC, criticising the private firm for attempting to commercially exploit land allocated under a welfare scheme

09 January,2025 01:35 PM IST | Mumbai
MahaRERA notice to lapsed projects, yield results

MahaRERA notice to lapsed projects, yield results

Builders of 5,324 housing projects have replied to the show cause notices, which is welcoming; Of these, 3,517 projects have submitted their Occupancy Certificates and 524 have applied for the project’s deadline to be extended

09 January,2025 01:30 PM IST | Mumbai | A Correspondent
With 96,187 units sold in 2024, city remains largest residential market in India

With 96,187 units sold in 2024, city remains largest residential market in India

The residential sales mark a 13-year high with an 11 per cent growth. In H2 2024 alone, 48,928 units were sold, reflecting a 6 per cent YoY increase

07 January,2025 03:16 PM IST | Mumbai | IANS
MahaRERA reduces criteria for SRO recognition outside MMR

MahaRERA reduces criteria for SRO recognition outside MMR

MahaRERA has revised the criteria for forming Self-Regulatory Organisations (SROs) in areas outside Mumbai Metropolitan Region (MMR), lowering the threshold from 500 to 200 projects to provide developers with better regulatory support.

02 January,2025 12:45 PM IST | Mumbai
Property registrations in Mumbai city hit 13-year-high in 2024 at 1.4 lakh units

Property registrations in Mumbai city hit 13-year-high in 2024 at 1.4 lakh units

Mumbai city, under the jurisdiction of the Brihanmumbai Municipal Corporation (BMC), recorded 12,418 property registrations in December 2024, generating Rs 1,134 crore in revenue for the state exchequer

01 January,2025 05:36 PM IST | Mumbai | mid-day online correspondent
Govt wants builders to set up waterproof telecom control center in new buildings

Govt wants builders to set up waterproof telecom control center in new buildings

UDD says occupancy, building completion certificates will be issued only after compliance

28 December,2024 08:21 AM IST | Mumbai | Ronak Mastakar
Mumbai: New family arrangement law to simplify flat ownership transfers

Mumbai: New family arrangement law to simplify flat ownership transfers

MSCS Act provision ensures smoother handing over of property rights in housing societies when members expire without leaving behind wills

21 December,2024 09:51 AM IST | Mumbai | Vinod Kumar Menon
CREDAI warns of increase in housing prices if 18% GST imposed on FSI charges

CREDAI warns of increase in housing prices if 18% GST imposed on FSI charges

According to CREDAI, imposing GST on FSI charges—whether retrospectively or prospectively—would escalate project costs by as much as 10 per cent, pushing up housing prices across various regions of India

20 December,2024 05:15 PM IST | Mumbai | A Correspondent

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