If you live in Mumbai—or anywhere in Maharashtra—you’ve probably heard someone say this at least once: “Bas thoda aur wait karo, building ka redevelopment ho raha hai. Naya ghar milega, sab theek ho jayega.”
For most people in Mumbai, a home is not just an address — it is dignity, safety, and the hope of a better tomorrow. But for lakhs of families living in slums across the city, “home” still means a leaking tin roof, a single dim bulb, and walls so thin that privacy is impossible.
Homeownership in India has always been a dream for many, but the journey from booking a flat to actually owning it often comes with financial anxieties. One such concern has been the amount a builder could deduct if a buyer decided to cancel a property booking. For years, developers sometimes retained large chunks of money — sometimes 20-30% or more — causing distress among homebuyers who were simply exercising their right to cancel due to unforeseen circumstances. The Supreme Court’s recent ruling has changed the landscape entirely. It now clearly states: builders cannot deduct more than 10% of the base price in case of cancellation. This is a win for homebuyers and a much-needed clarification in India’s real estate ecosystem.
The Supreme Court of India has recently issued a strong statement against speculative investors in the Indian real estate market, calling them a “slow poison” that harms both developers and genuine homebuyers in India. The court stressed that unchecked speculation not only inflates property prices but also creates instability, leaving ordinary buyers vulnerable to risks such as delays, defaults, and fraudulent practices.
The Maharashtra Housing and Area Development Authority (MHADA) has officially launched its highly anticipated MHADA lottery Pune 2025, offering more than 6,000 homes across various parts of the city. This year’s MHADA housing scheme is aimed at providing affordable housing options to residents of Pune, especially those belonging to economically weaker and middle-income categories.
For decades, thousands of housing societies in Mumbai have been living in uncertainty without an Occupancy Certificate (OC), a crucial legal document required for a property to be considered fully approved and fit for living. Without an OC, residents face multiple challenges such as lack of basic utilities, restrictions on resale, and higher financial risks. Recognizing this long-pending issue, the Maharashtra government has recently announced a plan to grant OCs to nearly 25,000 housing societies across Mumbai.
Buying a home is one of the biggest financial milestones in life. However, before making a booking, many buyers wonder – “Should I get a home loan pre-approval first or not?”
When buying property in India, one of the most crucial legal documents is the Agreement to Sale. Often confused with the Sale Deed, this document plays a key role in protecting the rights of both the buyer and the seller during a property transaction. For first-time buyers, understanding the fine print of a property agreement in India is vital to avoid future disputes.
The Maharashtra Housing and Area Development Authority (MHADA) has taken a major step towards protecting residents of unsafe buildings in Mumbai. In its latest policy update, MHADA announced that tenants living in dangerous cessed buildings will be given ₹20,000 per month as rent compensation to help them secure alternate housing while redevelopment takes place.
The dream of affordable housing for all is closer to reality as Maharashtra CM announced that the state is set to become the first in India to achieve 100% target under the PMAY scheme (Pradhan Mantri Awas Yojana). This is a major milestone for both the government and millions of aspiring homeowners who have long awaited the benefits of this initiative.
In a landmark update for Mumbai real estate regulation, MahaRERA has reported the resolution of 5,267 homebuyer complaints over the last ten months. This development underscores the effectiveness of RERA in safeguarding homebuyer rights in India and resolving real estate disputes in a timely manner. For property buyers and investors, this reflects growing transparency and accountability in the Maharashtra real estate sector.
In a landmark move, the Maharashtra cabinet has approved the state housing policy 2025, a comprehensive framework designed to address urban housing challenges, boost affordable housing in India, and strengthen the overall real estate sector in Maharashtra. With a growing urban population and soaring property prices, this policy comes at a crucial time to ensure inclusivity, affordability, and sustainable development in the housing sector.
The Maharashtra real estate market has just witnessed a significant shake-up. In one of the largest actions since the introduction of the Real Estate (Regulation and Development) Act, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has deregistered nearly 19,000 property brokers across the state. This move comes as part of a massive compliance drive aimed at cleaning up the system and ensuring transparency in transactions.
The Mumbai real estate market is witnessing a massive wave of redevelopment, especially with thousands of old housing societies opting for reconstruction to ensure safety, better amenities, and higher property values. However, society redevelopment often comes with its share of disputes, particularly when individual members raise objections. In a recent landmark ruling, the Bombay High Court reaffirmed the collective right of societies by upholding a redevelopment project despite opposition from one member.
The Uttar Pradesh government has announced a major reform in the state’s property and rental sector: it will cap the registration fee for rent agreements. For millions of tenants and landlords, this move promises to simplify one of the most common yet often expensive aspects of renting a home or office.
In a landmark step towards improving transparency and accessibility, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has announced that homebuyers and developers can now choose between physical and virtual hearings. This new hybrid model of dispute resolution, effective from 2025, aims to make the entire process of addressing complaints faster, more flexible, and more convenient for stakeholders.
