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Mahindra Lifespaces Secures Major ₹1,700 Crore Redevelopment Deal for Two Housing Societies in Mumbai's Chembur

Mahindra Lifespaces Developers has acquired redevelopment rights for two adjacent housing societies in Mumbai's Chembur area, representing a combined development potential of ₹1,700 crore across 4.4 acres.

By Admin

  • 19th Sep 2025
  • 1147 Views
Puravankara Expands Mumbai Portfolio with Premium Malabar Hill Redevelopment Project Worth ₹2,700 Crore

Puravankara Limited has acquired redevelopment rights for a prestigious Malabar Hill residential society through its subsidiary, with the luxury project valued at ₹2,700 crore GDV.

By Admin

  • 4th Sep 2025
  • 1214 Views
Supreme Court Strengthens Property Owner Rights in Landmark Slum Redevelopment Ruling

Supreme Court delivers landmark judgment protecting private property owners from unauthorized slum redevelopment, establishing mandatory consent requirements for government land acquisition.

By Admin

  • 2nd Sep 2025
  • 1189 Views
Decade-Long Wait Continues as NRI Investors Face Unfinished Dream in Bengaluru Township

Hundreds of NRI investors remain trapped in a decade-long wait for their dream homes in Bengaluru's Ozone Urbana project, highlighting serious gaps in India's real estate protection mechanisms.

By Admin

  • 30th Aug 2025
  • 1198 Views
Bombay High Court Orders Minority Residents to Vacate Dangerous Vasai Buildings for Redevelopment

The Bombay High Court has directed eleven dissenting members from four dilapidated housing structures in Vasai West to evacuate their apartments within 15 days, emphasizing that minority opposition cannot halt redevelopment when public safety is at risk.

By Admin

  • 29th Aug 2025
  • 1205 Views
Bengaluru-Based Puravankara Acquires ₹2,100 Crore Chembur Redevelopment Project

Puravankara acquires redevelopment rights for 8 housing societies in Mumbai's Chembur spanning 4 acres with ₹2,100 crore GDV. The project adds 1.2 million sq ft to developer's western region portfolio, marking second venture in Chembur micro-market after successful greenfield project response.

By Admin

  • 11th Jul 2025
  • 1245 Views
Karnataka High Court Quashes BDA's 24-Year-Old Land Acquisition, Restores Landowner Rights

In a landmark ruling, the Karnataka High Court has quashed a 24-year-old BDA land acquisition in Bengaluru, restoring property rights to landowners and setting a legal precedent for stalled acquisitions across India.

By Admin

  • 3rd Jun 2025
  • 1363 Views
What Is the Pagdi System in Mumbai? Complete Guide for Tenants and Landlords

Explore the Pagdi system in Mumbai in 2025. Learn tenant rights, redevelopment laws, taxation rules, and investment potential under the Maharashtra Rent Control Act.

By Admin

  • 24th May 2025
  • 1944 Views
Maharashtra Clears Ownership Rights for Maha Metro on 2.1 Lakh Sq. Metres

Maharashtra has approved the transfer of 2.1 lakh sq. m of land to Maha Metro on an ownership basis, enabling commercial development in Pune, Nagpur, and Pimpri-Chinchwad.

By Admin

  • 8th May 2025
  • 1365 Views
ITAT Mumbai Clarifies - Redeveloped Flats Not Taxable as Income

Discover how the recent ITAT Mumbai ruling protects redevelopment flat owners from unfair taxation under 'Income from Other Sources'

By Admin

  • 6th Apr 2025
  • 1584 Views
Empowering Villages - Property Cards Distributed Across 50,000 Villages

Over 65 lakh rural landowners across 50,000 villages received property cards under the Svamitva scheme, unlocking economic opportunities through legal land ownership and digitized records.

By Admin

  • 20th Jan 2025
  • 1327 Views
7 Reasons Why Mumbai's New TDR Policy Could Negatively Impact Real Estate Growth

Recent TDR regulation amendments in Mumbai could jeopardise the city's growing real estate industry. With developers being forced to get a percentage of their TDR from the Dharavi redevelopment project at higher rates, home prices may rise.

By Admin

  • 6th Sep 2024
  • 1487 Views
Prestige Estates Acquires Prime Land and Development Rights in Pune for Over INR 200 Crore

Prestige Estates Projects' subsidiary Prestige Exora Business Parks purchased its partner's land parcel and development rights in Pune's desirable Kharadi neighbourhood. Land of about 4.5 acres was acquired for approximately ₹200 crore.

By Admin

  • 6th Sep 2024
  • 1468 Views
Mumbai Government to Provide 10-Floor TDR for Redevelopment in Airport Funnel Zone

Chief Minister Eknath Shinde said that Mumbai will give TDR of up to 10 stories for airport funnel zone building rehabilitation. Redevelopment has been impeded by height constraints as most buildings in this area are 3-4 storeys. This government strategy promotes urban renewal.

By Admin

  • 14th Jul 2024
  • 1930 Views
BMC to Follow Fair Compensation Procedure for Borivali Church Land - HC

The BMC must follow the Right to Fair Compensation and site Acquisition Act, 2013 to purchase part of a church-owned site in Borivali for a public park, according to the Bombay High Court. The BMC cannot seize the church until the process is followed.

By Admin

  • 27th Jun 2024
  • 1426 Views
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