Category: REAL ESTATE NEWS

Maharashtra Cuts Stamp Duty on Housing Society Lease Agreements

July 18, 2026

In a major relief for cooperative housing societies in Mumbai, the Maharashtra government has announced a substantial reduction in stamp duty for the registration of 99-year lease agreements executed on government-owned land. The move is expected to benefit thousands of societies that have faced financial and procedural hurdles in completing lease registrations over the years. […]

Maharashtra Cuts Stamp Duty on Housing Society Lease Agreementsmore

Shrenik Ghodawat - Managing Director - Sanjay Ghodawat Group

Sanjay Ghodawat Group Partners with Nordstar Estates; Targets ₹5,000 Crore GDV Through New Real Estate Platform ‘NEVORA’

New Delhi/Mumbai, July 2026: Sanjay Ghodawat Group (SGG), a diversified conglomerate, has partnered with Nordstar Estates (Nordstar) to launch “NEVORA”, a next-generation institutional real estate development platform, marking its strategic expansion into India’s real estate sector. The joint venture will focus on developing residential and commercial projects across Mumbai and Bengaluru and their respective micro-markets […]

Sanjay Ghodawat Group Partners with Nordstar Estates; Targets ₹5,000 Crore GDV Through New Real Estate Platform ‘NEVORA’more

India’s Housing Market Maintains Momentum in H1 2026

July 17, 2026

India’s residential real estate sector continued to demonstrate resilience in the first half of 2026, with the country’s eight largest housing markets collectively recording sales of 1,71,471 units, marking a one per cent year-on-year increase, according to a report by Knight Frank India. During the same period, new launches rose by four per cent to […]

India’s Housing Market Maintains Momentum in H1 2026more

ITAT Ruling Brings Tax Clarity to Redevelopment Rights Transfers

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