Marine Lines And Bandra Set For Rs 5,000-Crore Cluster Redevelopment Boost
January 19, 2026: Real estate developer Runwal Enterprises has secured redevelopment rights for two prime land parcels spanning a combined four acres in south Mumbai’s Marine Lines and the western suburb of Bandra, with a cumulative gross development value estimated at over Rs 5,000 crore. Both projects will be undertaken under the cluster redevelopment framework […]
Redevelopment Windfall Comes With A Hidden Cost: The Rising Burden Of Maintenance
December 24, 2025: When a dilapidated Mumbai building goes in for redevelopment, homeowners are often promised a dream upgrade. A compact 2BHK transforms into a spacious 3BHK in a modern tower, complete with amenities, and the property value seemingly doubles—from Rs 2 crore to Rs 4 crore. It feels like a once-in-a-lifetime windfall, and understandably, […]
ITAT Mumbai Rules: Tax Liability In Redevelopment Projects Falls On Individual Flat Owners, Not Housing Societies
November 15, 2025: The Income Tax Appellate Tribunal (ITAT) Mumbai has issued a significant clarification on how short-term capital gains (STCG) from housing society redevelopment projects should be taxed. In a ruling dated October 27, 2025, the tribunal held that gains arising from the transfer of development rights to a builder are taxable in the […]
“Self-Redevelopment Without Builders Feasible In Navi Mumbai,” Says MLA Pravin Darekar
November 12, 2025: Navi Mumbai is poised for a transformative approach to housing, with self-redevelopment emerging as a viable option without the involvement of private builders, said MLA Pravin Darekar, Chairman of the Maharashtra Housing Self/Group Redevelopment Authority. He made the remarks at a seminar on ‘Redevelopment and Self-Redevelopment’ organised by the Navi Mumbai Co-operative […]
HC Rules Cooperative Court Has Jurisdiction Over Housing Society Redevelopment Disputes
November 08, 2025: In a significant ruling, the Bombay High Court has held that disputes between members of a co-operative housing society and developers regarding redevelopment projects fall under the jurisdiction of the cooperative court, not civil courts. Justice Amit Borkar delivered the verdict while deciding a batch of petitions filed by members of a […]
Relief For 33 Families As B-Right Realestate Revives 10-Year-Old Stalled Andheri Housing Project
November 05, 2025: B-Right Realestate Limited has announced a major step forward in Mumbai’s real estate landscape, with its step-down subsidiary, B-Right RMBD Realtors Private Limited, signing a development agreement to revive a long-stalled housing project in Andheri West. The subsidiary has agreed with the United Commercial Bank Employees Co-Operative Housing Society Limited to redevelop […]
Societies No Longer Need Registrar’s NOC For Self-Redevelopment: Bombay HC
October 27, 2025: In a significant judgment, the Bombay High Court has clarified that housing societies opting for self-redevelopment do not require a No Objection Certificate (NOC) from the registrar or the District Deputy Registrar (DDR). The ruling, delivered on October 17, 2025, in Baltazar Fernandes & Others v/s DDR, H (West) Ward & Others, […]
Mumbai’s Skyline Transformation Gains Pace As Redevelopment Becomes A Rs 1.3 Trillion Opportunity
Mumbai’s skyline is on the cusp of a historic transformation, with over 910 housing societies initiating redevelopment between 2020 and mid-2025, according to Knight Frank’s 2025 Mumbai Redevelopment Handbook. The projects collectively unlock more than 326.8 acres of buildable land, marking a shift from mere structural renewal to strategic, community-led urban revitalisation. The report highlights […]
New MHADA Rules Aim To Accelerate Redevelopment Of Old Housing Societies
October 06, 2025: The Maharashtra Housing and Area Development Authority (MHADA) has revised its 2007 redevelopment policy to make redevelopment projects in Mumbai more financially viable, updating premium charges and payment terms for commercial and additional built-up areas. The move aims to accelerate the transformation of ageing housing societies across the city. Under the new […]
Bombay HC Raps Social Welfare Department For Blocking Vikhroli Redevelopment
August 19, 2025: The Bombay High Court has strongly criticised the state social welfare department for obstructing the redevelopment of a dangerously weak 50-year-old building in Kannamwar Nagar, Vikhroli East. The court warned that departmental officers would be held personally accountable if any untoward incident occurred. A division bench of Justices G.S. Kulkarni and Arif […]