Tag: Mumbai

Latest StoriesRegulatory

Directors of Shah Housecon Charged with ₹5 Crore Cheating

MUMBAI: Two directors of a real estate company have been charged with cheating a developer of approximately ₹5 crore under the guise of investment in a Slum Rehabilitation Authority (SRA) project in Malad, as reported by a police official on Friday. A representative from the Kasturba Marg police station stated that a case has been filed against Mansukh Shah and Akash Mansukh Shah, directors of Shah Housecon Private Limited. The case has since been handed over to the Economic Offences Wing (EOW) for further investigation. Real estate developer Nilesh Narendra Raghani lodged a complaint claiming he was introduced to the…

Latest StoriesResidential

Home Sizes Up 17% in Two Years Across Seven Major Cities

NEW DELHI: The average size of apartments in India’s top seven cities has increased by 17% over the past two years, highlighting a shift towards larger units and a growing premium housing market, according to Anarock Research. The report indicates that the average flat size rose from 1,420 sq ft in 2023 to approximately 1,676 sq ft in 2025. The National Capital Region (NCR) topped the list with a steep increase of 30%, with average unit sizes growing from about 1,890 sq ft in 2023 to around 2,466 sq ft in 2025, driven by a notable rise in luxury offerings.…

Latest StoriesRegulatory

Tribunal Suspends MahaRERA Chairperson’s Order

MUMBAI: The Maharashtra Real Estate Appellate Tribunal (MREAT) has temporarily halted the MahaRERA chairperson’s order from September 2025 regarding a complaint from a flat buyer concerning the failure of promoters to deliver possession of a property in Mulund. The tribunal noted that the issuance of two variations of the order on September 9 and 10, 2025, both digitally signed by the chairperson, necessitates a thorough investigation by the authority. Following an appeal against MahaRERA chairperson Manoj Saunik’s order dated September 10, 2025, which revoked two previous orders made by the MahaRERA adjudicating officer, the tribunal stated that while MahaRERA possesses…

IndustryLatest Stories

Maharashtra Forms Panel to Review TDR Relief for Redevelopment

PUNE: The state government has established a 12-member committee to re-survey river flood lines across Maharashtra, including areas in Pune and Pimpri Chinchwad, nearly a year after making this commitment in the assembly. The panel is expected to submit its report within two months. The government has tasked the committee with reviewing current regulations and suggesting amendments to the Unified Development Control and Promotion Regulations (UDCPR) to facilitate the use of Transfer of Development Rights (TDR) for properties built within flood lines prior to the irrigation department’s demarcation in 2009. A significant number of properties, particularly in Pimpri Chinchwad, were…

Latest StoriesRera

Homebuyers Await Recovery Warrants Two Months After MahaRERA SOP

PUNE: Homebuyers seeking compensation from defaulting developers find themselves in a state of uncertainty, as execution of recovery warrants remains stalled despite the Maharashtra Real Estate Regulatory Authority (MahaRERA) implementing a new standard operating procedure (SOP) two months ago aimed at expediting the process. Among those affected are 80-year-old Arun Seth and his wife, who invested over Rs 50 lakh in a housing project back in 2014. Even though recovery warrants were issued in their favor years ago, local revenue authorities have yet to act. “Orders are issued, but nothing gets executed. It’s unclear if the developer still has any…

Latest StoriesRegulatory

Bombay HC: Co-op Societies Can’t Resolve Flat Succession Disputes

MUMBAI: The Bombay High Court criticized the divisional joint registrar of cooperative societies (Mumbai) for overturning an order that granted a man membership in a Peddar Road housing society. On February 9, Justice Amit Borkar stated that the authority under the Maharashtra Co-operative Societies Act is responsible for membership regulation, clarifying that it is not a civil court dealing with inheritance disputes. “The revisional authority exceeded its jurisdiction by reversing the membership order based on grounds outside the limited scope of such proceedings,” he remarked. In 1974, Pravinkumar Dave’s father nominated him as a minor for a flat and garage…

IndustryLatest Stories

2,000 Mumbai Redevelopment Projects’ Debris Reported Missing

Representative AI image MUMBAI: A civic investigation has revealed that tonnes of construction debris from nearly 2,000 redevelopment projects intended for designated disposal sites have not been reaching their intended locations, according to officials from Mumbai Mirror. Environmentalists suspect that this waste has been sold to land mafia for illegal encroachment on Mumbai’s mangrove and wetland areas. This significant environmental oversight came to light when the Brihanmumbai Municipal Corporation (BMC) examined documents and discovered that builders had repeatedly listed just seven sites as waste disposal locations for over 2,000 projects. “There is no way that so much debris could fit…

Latest StoriesRegulatory

Slum Authority Faces Claims of Irregularities in Dharavi Project

MUMBAI: The Slum Rehabilitation Authority (SRA) has initiated an investigation led by the deputy collector (Encroachments) following allegations that demolished huts are being rebuilt and that new occupants are being declared eligible for free housing under the Dharavi Redevelopment Project (DRP). Activist Baburao Mane, a founder-member of Manohar Joshi College, informed the SRA that occupants have moved back into partially demolished huts, some of which don’t appear on survey maps. He pointed out instances where structures, including a temple labeled as a hut and a staircase recently fitted with a door, are being falsely classified as eligible for free housing.…

Latest StoriesRegulatory

SC Resolves 7-Year Housing Dispute, Upholds ₹1.82 Crore Payout

MUMBAI: The Supreme Court has dismissed a Special Leave Petition (SLP) filed by Keyana Estate, an associate of the Kalpataru Group, concluding a seven-year legal dispute in favor of homebuyer Paresh Parihar from Goregaon. Parihar had booked a flat in the Kalpataru Radiance project in Goregaon (West) in 2013, with initial possession expected by December 2016, but he only received it in January 2024. As a result of this ruling, the developer is obligated to pay approximately Rs 1.82 crore in interest to the homebuyer due to the delays. The dispute began when Parihar and his wife paid over Rs…

Latest StoriesRegulatory

Ex-Lodha Developer Director in ED Custody Until Feb 20

MUMBAI: On Friday, a special PMLA court in Mumbai remanded Rajendra Lodha, a former director of Lodha Developers Ltd, into Enforcement Directorate (ED) custody until February 20, in connection with a money laundering case involving ₹85 crore. The ED’s case is founded on allegations of cheating and forgery, as detailed in a FIR filed by the Mumbai police’s crime branch under the Bharatiya Nyaya Sanhita (BNS). Rajendra Lodha was arrested by the crime branch in September of last year and has since been held in judicial custody. The ED officially took him into custody on Thursday for the money laundering…