Category: REAL ESTATE NEWS

ITAT Ruling Brings Tax Clarity to Redevelopment Rights Transfers

July 17, 2026

A recent ruling by the Mumbai Income Tax Appellate Tribunal (ITAT) has provided significant clarity for property owners participating in redevelopment projects. The tribunal has held that compensation received from the transfer of redevelopment rights should be treated as ‘capital gains’ and not as ‘income from other sources’, potentially impacting thousands of redevelopment agreements across […]

ITAT Ruling Brings Tax Clarity to Redevelopment Rights Transfersmore

MHADA Lottery Delay Leaves Thousands of Homebuyers Waiting

July 16, 2026

Thousands of aspiring homebuyers in Mumbai continue to wait for the much-anticipated MHADA lottery draw, as the housing authority is yet to announce a final date. Interestingly, the delay is not linked to technical or administrative issues but to the pending confirmation of a chief guest for the event. Sources indicate that MHADA has approached […]

MHADA Lottery Delay Leaves Thousands of Homebuyers Waitingmore

BMC’s Digital Move to Track Construction Waste Across Mumbai

Mumbai is set to take a significant step towards improving urban waste management, with the Brihanmumbai Municipal Corporation (BMC) planning to launch an integrated construction and demolition (C&D) waste management portal by the end of July. The initiative aims to create a centralised system that monitors the generation, transportation and disposal of construction waste across […]

BMC’s Digital Move to Track Construction Waste Across Mumbaimore

MHADA’s Section 79A Revival: A Critical Step Towards Safer Housing

July 15, 2026

Mumbai’s redevelopment landscape could witness a major transformation after the Maharashtra Legislature approved amendments to the Maharashtra Housing and Area Development Authority (MHADA) Act, reviving the implementation of Section 79A. Having received approval from both Houses of the State Legislature, the amendment now awaits the Governor’s assent. The move is significant because it seeks to […]

MHADA’s Section 79A Revival: A Critical Step Towards Safer Housingmore

Mumbai’s Office Market Gains Momentum

Mumbai’s commercial real-estate market witnessed robust growth in the first half of 2026, with gross office leasing rising 33% year-on-year to 7.3 million sq ft, according to a report by Knight Frank India. The strong performance places the city among the country’s leading office destinations, driven by rising demand from global capability centres (GCCs), BFSI […]

Mumbai’s Office Market Gains Momentummore

Maharashtra to Introduce Zero Royalty Policy on Imported Sand to Boost Construction Sector

Maharashtra Eases Sand Imports to Support Construction

July 13, 2026

In a significant move aimed at addressing raw material shortages and sustaining construction activity, the Maharashtra government has announced plans to introduce a ‘zero royalty’ policy for sand imported from neighbouring states. Revenue Minister Chandrashekhar Bawankule made the announcement in the Legislative Council, stating that the policy would be unveiled before the conclusion of the […]

Maharashtra Eases Sand Imports to Support Constructionmore

BMC Orders Monsoon Safety Curbs at Mumbai Construction Sites Amid IMD Red Alert

With Mumbai witnessing intense rainfall and strong winds following the India Meteorological Department’s red alert, the Brihanmumbai Municipal Corporation (BMC) has directed developers and contractors across the city to suspend hazardous construction activities and reinforce safety measures at project sites. The directive, issued as a precautionary measure, places the safety of construction workers, neighbouring residents […]

BMC Orders Monsoon Safety Curbs at Mumbai Construction Sites Amid IMD Red Alertmore

Banke Capital Secures Exclusive Mandate for Dubai’s Grade A Samana Business Hub

July 10, 2026

Mumbai, July 2026: Banke Capital has secured the exclusive master agency rights for Samana Business Hub, a landmark Grade-A commercial development in Dubai, adding heft to its position as a leading cross-border real estate advisory and distribution firm. The mandate expands the company’s portfolio of exclusive international assignments while identifying India as one of the […]

Banke Capital Secures Exclusive Mandate for Dubai’s Grade A Samana Business Hubmore

Realty Quarter Invites Channel Partners to the Exclusive ONE PAREL Channel Partner Meet Today

July 9, 2026

Mumbai | 9th July 2026 Realty Quarter is delighted to invite leading real estate channel partners to the exclusive ONE PAREL Channel Partner Meet, taking place today. This invitation-only event is designed to give brokers and channel partners an early opportunity to explore one of Mumbai’s most promising residential developments and unlock exciting business opportunities. […]

Realty Quarter Invites Channel Partners to the Exclusive ONE PAREL Channel Partner Meet Todaymore

Piccadilly 2: Affordable 1RK Homes Starting at ₹33 Lakhs in Goregaon East’s Royal Palms

July 6, 2026

Mumbai’s demand for compact, budget-friendly homes continues to grow, especially among first-time homebuyers, working professionals, investors, and small families. If you’re looking for an affordable property in the western suburbs, Piccadilly 2 at Royal Palms, Goregaon (East) offers an excellent opportunity with 1RK apartments starting at just ₹33 Lakhs. Situated in the well-known Royal Palms […]

Piccadilly 2: Affordable 1RK Homes Starting at ₹33 Lakhs in Goregaon East’s Royal Palmsmore