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.
