Category: REAL ESTATE NEWS

Mumbai Coastal Road Promenade Nears Completion With Final Worli Link Set for Development

June 4, 2026

Mumbai’s ambitious Coastal Road project is moving closer to delivering a seamless waterfront experience, with the Brihanmumbai Municipal Corporation (BMC) initiating work on the final missing section of the promenade in Worli. The development is expected to complete the last gap in what will become a continuous 7.5-kilometre public seafront corridor, strengthening both urban connectivity […]

Mumbai Coastal Road Promenade Nears Completion With Final Worli Link Set for Developmentmore

ITAT Upholds Family Property Funding, Says Absence of Gift Deed Alone Cannot Trigger Tax Addition

In a significant ruling with implications for family-funded property transactions across India, the Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has held that the absence of a formal gift deed, by itself, cannot justify treating a property purchase as an unexplained investment when the source of funds is clearly established. The decision comes at a […]

ITAT Upholds Family Property Funding, Says Absence of Gift Deed Alone Cannot Trigger Tax Additionmore

Goregaon–Borivali Harbour Link Takes Shape

June 3, 2026

Mumbai’s long-awaited east-west suburban rail connectivity is inching closer to execution, with a key civil works tender signalling tangible progress on the Goregaon–Borivali Harbour Line extension. The development marks another milestone under the Mumbai Urban Transport Project (MUTP)-3A and reflects the city’s continuing push to strengthen multimodal urban mobility. Western Railway has floated an Rs […]

Goregaon–Borivali Harbour Link Takes Shapemore

Mumbai’s Property Market Reaches a New May Milestone

June 2, 2026

Mumbai’s residential real estate market continued to demonstrate resilience in May 2026, recording its strongest May performance in over a decade. Despite a moderation in stamp duty collections and a month-on-month dip in registrations, the city’s housing sector maintained healthy momentum, reflecting sustained demand from end-users and long-term homebuyers. According to Knight Frank India, Mumbai […]

Mumbai’s Property Market Reaches a New May Milestonemore

Digital Push Brings 23 Housing Societies Into Maharashtra’s Formal Framework

For decades, the registration of cooperative housing societies in Maharashtra remained trapped in a maze of paperwork, multiple office visits and prolonged approval timelines. The state’s latest digital initiative is now beginning to change that narrative. Just two months after the launch of the fully online cooperative society registration system on the Aaple Sarkar portal, […]

Digital Push Brings 23 Housing Societies Into Maharashtra’s Formal Frameworkmore

Development Bank of Japan Makes Landmark Entry into India’s Real Estate Sector Through HDFC Capital Fund

June 1, 2026

Mumbai: In a significant boost to India’s residential real estate market, the Development Bank of Japan (DBJ) has made its maiden real estate investment in the country by committing capital to HDFC Capital’s H-DREAM Fund, a platform focused on affordable and mid-income housing development. The investment marks a major milestone in DBJ’s global investment strategy […]

Development Bank of Japan Makes Landmark Entry into India’s Real Estate Sector Through HDFC Capital Fundmore

India’s Real Estate Sector Faces Rising Construction Costs and Supply Chain Crisis

May 29, 2026

India’s real estate sector is entering a phase where rising construction costs are no longer a temporary concern but a structural challenge. Developers across the country are now openly acknowledging that global conflicts, supply-chain disruptions, labour shortages and raw material inflation have sharply altered project economics. According to industry estimates, construction costs have increased by […]

India’s Real Estate Sector Faces Rising Construction Costs and Supply Chain Crisismore

SRA tightens scrutiny on rehab buildings without OC

May 27, 2026

Mumbai’s Slum Rehabilitation Authority (SRA) has launched a major enforcement drive against rehabilitation buildings functioning without Occupancy Certificates (OC), exposing a serious compliance gap within the city’s redevelopment sector. As per SRA data, 219 rehabilitation buildings spread across Mumbai’s 24 administrative wards have been handed over to eligible slum residents despite lacking mandatory Occupancy Certificates. […]

SRA tightens scrutiny on rehab buildings without OCmore

MHADA Pushes Affordable Housing Progress in Kalyan Taluka

May 26, 2026

The Maharashtra Housing and Area Development Authority (MHADA) has intensified its focus on affordable housing delivery in the Mumbai Metropolitan Region, with Vice-President and CEO Sanjeev Jaiswal reviewing the progress of multiple residential projects underway in Kalyan taluka of Thane district. The inspection covered large-scale developments being executed by the Konkan Housing and Area Development […]

MHADA Pushes Affordable Housing Progress in Kalyan Talukamore

Salt Pan Redevelopment Plan Sparks Fresh Debate in Mumbai

Mumbai’s redevelopment landscape is witnessing another major transformation as Navbharat Mega Developers Private Limited has submitted a proposal for the development of Mulund, Bhandup and Kanjurmarg salt pan lands under the Dharavi Redevelopment Project (DRP). The proposal introduces a combination of rehabilitation housing, free-sale residential towers and commercial development, triggering discussions around urban expansion, infrastructure […]

Salt Pan Redevelopment Plan Sparks Fresh Debate in Mumbaimore