Maharashtra buys the famous Air India building at Nariman Point, Mumbai, for INR 1,601 crore. New state development and strategic planning begin with this historic purchase.

In a recent meeting, the Maharashtra state cabinet approved a significant legal reform to accelerate the rebuilding of ageing cooperative society structures. This move allows eviction of minority residents who block majority-approved redevelopment plans.

In a cabinet meeting on November 23, Chief Minister Eknath Shinde and Deputy Chief Minister Devendra Fadnavis announced the Maharashtra Mudrank Shulk Abhay Yojana 2023, a stamp duty amnesty programme.

After paying 1,601 crore for the 22-floored Air India Building in Nariman Point, which has transformed Mumbai's reclaimed southern tip into one of Asia's largest and most expensive financial districts, several Maharashtra government departments will move in.

In a bold initiative to demonstrate openness and regulatory supervision, MahaRERA deregistered seven key projects throughout the state. Developers recognise budgetary restrictions and lacklustre reception to their offers.

Mumbai realtors, under CREDAI-MCHI, have petitioned the Maharashtra government for policy changes to lower rising property prices, which are hurting the city's economy.

The Maharashtra and national governments are leading India's biggest low-cost housing project to address urban housing issues.

All essential permissions will be given within three months using a single-window certification system, and these projects will be completed by self-regulation procedures.

For its cluster development initiative in Mumbai, the Maharashtra government has given a one-year premium waiver for real estate developers at the rate of 50 percent. The action will likely facilitate the revitalization of older buildings in the city.

The Maharashtra Housing & Area Development Authority (MHADA) has submitted proposals to the state government for three significant Mumbai redevelopment projects that are expected to impact the city's real estate market.

In some amazing development, the chief minister of Maharashtra, Eknath Shinde, signed an MoU with Berkshire Hathaway HomeServices Orenda India to develop and operate physical and social infrastructure assets on the 1,000-acre smart city in Raigad during his five-day visit to the World Economic Forum

The Department of Registration and Stamps of the Maharashtra government recorded 9,182 property registrations in Mumbai and its suburbs in December 2022, a 2% increase from November 2022. (IGR).

A host of pro-real estate measures being chalked up by the Maharashtra Government is likely to bring relief to thousands of homeowners in Navi Mumbai, property investors in Navi Mumbai property market and over 400 impacted real estate projects in Navi Mumbai.

The Maharashtra government intends to reconstruct 21 acres of valuable property known as the fisherman's colony or Machchimar Nagar in South Mumbai.

The Maharashtra government increased ready reckoner rates by an average of 5% throughout the state on March 31 for the fiscal year 2022-23. Shravan Hardikar, Inspector-General of Revenue and Controller of Stamps, announced the revised prices recently.