Mumbai’s residential property market continued to witness a sharp divide between the affordable and ultra-luxury housing segments during the first half of 2026. While only 23 apartments priced above Rs 50 crore were sold in the city, as many as 17,148 homes costing below Rs 50 lakh were purchased across
The Brihanmumbai Municipal Corporation (BMC) Standing Committee has approved an Occupation Certificate (OC) amnesty scheme aimed at providing relief to residents living in buildings occupied before November 17, 2016, but lacking occupation certificates due to procedural or compliance-related issues. The decision comes after the committee sought a review of the
The Brihanmumbai Municipal Corporation (BMC) has proposed an additional allocation of Rs 21.03 crore for Phase IV of the Mithi River Rejuvenation Project after an increase in the Goods and Services Tax (GST) raised the overall project cost from Rs 604.30 crore to Rs 625.34 crore. The proposal is scheduled
The Bombay High Court has directed the Navi Mumbai Municipal Corporation (NMMC) and the Maharashtra government to clarify what action will be taken against more than 400 officials allegedly responsible for allowing thousands of illegal constructions in the city, observing that issuing show-cause notices alone is insufficient. The matter came
The Maharashtra Housing and Area Development Authority (MHADA), along with the Brihanmumbai Municipal Corporation (BMC), has initiated the process of cancelling long-term lease agreements for properties included in the Dharavi Redevelopment Project, a move aimed at accelerating the transformation of Asia’s largest slum. According to senior housing department officials, the
The Maharashtra government is set to introduce a bill to amend the MHADA Act, paving the way for the redevelopment of nearly 13,800 cessed buildings in South Mumbai that have remained stalled due to an ongoing legal dispute. The proposed amendment seeks to empower Executive Engineers of the Mumbai Building
While the monsoon season is traditionally considered a slow period for the real estate market, it can be one of the most valuable times for prospective homebuyers to assess a property before making a purchase. Rather than focusing solely on timing the transaction, experts believe the rainy season provides a
The Maharashtra government has announced a major reduction in stamp duty for the registration of 99-year lease agreements of cooperative housing societies on government-leased land in Mumbai, offering significant financial relief to hundreds of residential societies. Revenue Minister Chandrashekhar Bawankule announced in the Legislative Assembly on Tuesday. Under the revised
Construction has resumed at the long-delayed Majaswadi Sarvodayanagar redevelopment project in Jogeshwari East, marking a significant milestone after the final occupants vacated the site. The restart of work ends a 17-year delay and paves the way for the completion of the 9-acre redevelopment project. The project involves the redevelopment of
The Bombay High Court has observed that the Brihanmumbai Municipal Corporation (BMC) cannot be held solely responsible for Mumbai’s recurring monsoon flooding, stating that encroachments, blocked drainage systems and misuse of public spaces have significantly contributed to the city’s waterlogging problems. The remarks were made on Tuesday by Acting Chief
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