Tag: Mumbai

Latest StoriesResidential

Mumbai Property Registrations Up 8% in July 2026

NEW DELHI: In July 2026, Mumbai, under the jurisdiction of the BMC, saw 13,617 property registrations, marking an 8.3% increase compared to the previous year, as reported by Knight Frank India. During this month, the Maharashtra government generated ₹1,223 crore in stamp duty, up 8.9% year-on-year. This figure represents the highest July revenue recorded in the last 14 years. Compared to June 2026, the number of registrations rose by approximately 2% from 13,413, with stamp duty collections rising by 13% from ₹1,086 crore. In July 2025, Mumbai had 12,579 property registrations and generated ₹1,123 crore in stamp duty. Shishir Baijal,…

Latest StoriesResidential

Over 421,000 Beneficiaries Registered Under PMAY-Urban 2.0 in Maharashtra

MUMBAI: As of July 30, a total of 421,083 beneficiaries have registered on the unified web portal for the PM Awas Yojana (Urban) 2.0 in Maharashtra, with the approval for the construction of 160,463 houses, as per a government release issued on Thursday. In a review meeting, Chief Minister Devendra Fadnavis discussed the implementation of the Pradhan Mantri Awas Yojana (Urban) and available housing options under various schemes, urging all agencies to expedite their housing projects across the state. A total of 160,463 houses have received approval under the scheme. This encompasses Beneficiary-Led Construction (BLC), Affordable Housing in Partnership (AHP),…

Latest StoriesRegulatory

SC Delays Work Order Issuance for Bandra, Worli Projects to Aug 13

MUMBAI: In a significant relief to residents of housing societies in prime areas like Bandra Reclamation and Worli, the Supreme Court has temporarily halted the issuance of work orders for cluster redevelopment projects covering 132 acres of land in Mumbai until August 13. The state government claimed that these expansive layouts belong to the Maharashtra Housing and Area Development Authority (Mhada), which had leased them to societies intended for high- and middle-income groups as well as government employees. The intention is to redevelop these areas to increase affordable housing options through public bidding, which was awarded to Adani Properties. A…

Latest StoriesRegulatory

Mumbai Court Acquits Builder in 44-Year-Old FSI Case

MUMBAI: A special court has acquitted a builder from the city in a 44-year-old case for allegedly manipulating land measurement records to secure a higher Floor Space Index (FSI). The decision was made due to insufficient evidence. Judge Shayana Patil, who presides over cases under the Prevention of Corruption (PC) Act, determined that the prosecution had not substantiated any charges against Chaitanya Laxmidas Vora, the only remaining defendant in this trial. The case against his co-defendants, maintenance surveyor Kedu Pandurang Bhalerao and builder Laxmidas Hargovinddas Vora, was dismissed after their deaths in 2024. Three other individuals named in the initial…

Latest StoriesResidential

Maharashtra: Housing Societies Gain Binding Governance Reforms

Representative AI image MUMBAI: Maharashtra has instituted a major reform in cooperative housing society governance with amendments to the Maharashtra Co-operative Societies Rules, 1961, implementing numerous member-oriented changes set to impact thousands of apartment owners across Mumbai, the MMR, and the state. While the focus has been on self-redevelopment and reduced penal interest on maintenance dues, several crucial governance reforms have flown under the radar. The new Rules, effective from June 18, lower the minimum number of members required to establish a cooperative housing society from 10 to five. They also introduce a formal name reservation process for proposed societies,…

Latest StoriesResidential

BMC Approves 126 Tree Removal for Powai SRA Project; 4K Homes to PAP

Representative AI image MUMBAI: On Tuesday, the BMC’s Tree Authority approved a proposal to cut down 126 trees for a slum rehabilitation project at Hiranandani Udyan in Powai. The decision followed the developer’s commitment to provide over 4,000 free rehabilitation flats for those affected by various infrastructure projects led by the Mumbai Metropolitan Region Development Authority (MMRDA) and the Slum Rehabilitation Authority (SRA). The proposal presented to the Tree Authority requested permission to remove trees obstructing construction on plots 23A (Part), 26A (Part), and 27 (Part), now bearing New Plot Number 23/9/2, located in Powai village, Kurla taluka. The application…

Latest StoriesRegulatory

Bombay HC Quashes PMLA Case Against D B Realty Chief

MUMBAI: The Bombay High Court has dismissed a 2016 money laundering case against D B Realty Ltd and its managing director, Vinodkumar Goenka. This case was associated with former Maharashtra deputy chief minister Chhagan Bhujbal and the Maharashtra Sadan construction controversy. A single-judge bench led by Justice Ashwin Bhobe, in a July 21 ruling, annulled the 2019 order from a special court that had rejected the discharge petitions of Goenka and D B Realty. They were implicated in a case under the Prevention of Money Laundering Act (PMLA) set in motion against Bhujbal and others in 2016. For Goenka and…

Latest StoriesRegulatory

Bombay HC grants interim relief to SD Corp in defamation case

MUMBAI: The Bombay High Court has provided interim relief to SD Corporation Pvt Ltd, a Mumbai-based real estate developer, in a defamation lawsuit. The court has ordered that defamatory posts, videos, and messages targeting the company and its MHADA redevelopment project must not be disseminated until the next hearing. Justice Abhay Ahuja issued this direction on July 27 while considering an interim application from SD Corporation against Devang Dave and others. The court noted that the company demonstrated a prima facie case warranting this temporary relief. According to the lawsuit, SD Corporation— a joint venture of the Shapoorji Pallonji Group…

CommercialLatest Stories

Lloyds Realty Leases 182K Sq Ft Mumbai Office to Smartworks

Representative AI image NEW DELHI: Lloyds Realty Developers has entered into a 15-year lease agreement with Smartworks Coworking Spaces for its commercial property, The Square, located in Andheri East, Mumbai. This lease encompasses the full 1,82,300 sq ft of the building, achieving 100% occupancy for the asset. The deal is expected to generate rental income exceeding ₹600 crore throughout the lease period. The Square, designed by Panthaki Architects, features three basement levels, a ground floor, and nine office floors. It also includes a cafe space on the ground floor, a landscaped terrace garden, and mechanized shuttle parking. Published on Jul…

InfrastructureLatest Stories

Mumbai: BMC Panel to Lease Mulund Dump for Dharavi Project

Representative AI image MUMBAI: The BMC has proposed leasing 15 acres of reclaimed land at the Mulund dumping ground to the Dharavi Redevelopment Project (DRP) for five years. This will establish a casting yard, a precast element manufacturing facility, and a ready-mix concrete (RMC) plant, generating an expected rental income of around Rs 103.47 crore during the lease term. The plan, cleared by civic administration, will be discussed at the Improvement Committee meeting scheduled for Tuesday afternoon. It involves leasing 60,703 sq m of land to Navbharat Mega Developers Pvt Ltd, which has been appointed by the state government to…