Maharashtra Mandates Developers To Pay Three Years’ Rent Upfront To Protect Homeowners In Redevelopment Projects
October 17, 2025: In a landmark move to safeguard residents affected by redevelopment, the Maharashtra Housing Department has introduced a new policy mandating developers to deposit three years’ rent upfront before commencing any redevelopment project. The announcement was made by Deputy Chief Minister Eknath Shinde during a lottery event for over 5,000 MHADA flats in […]