Property registrations in Mumbai are the best in November since 2013, with sales up 12 percent

Mumbai’s real estate market recorded its strongest November since 2013, supported by rising housing demand and stable market confidence, a new report said on Sunday. According to Knight Frank India, the city – which covers areas under the BMC – registered 12,219 properties in November 2025, an increase of 20 per cent compared to the […]

Maharashtra is offering incentives to encourage rental housing development in the Mumbai Metropolitan Region

“/>Representative AI image MUMBAI: Developers are being offered a slew of incentives to create rental properties in the Mumbai Metropolitan Region (MMR). From a complete income tax exemption on rental income for 10 years to a property tax exemption for 5 years and a concession in GST, the Maharashtra Housing Area Development Authority (Mhada) has […]

Four of the sixteen developers were shortlisted for the railway plot development in South Mumbai

“/>Representative AI image The Railway Land Development Authority (RLDA) has shortlisted four of the 16 developers who bid for the development of a 2.5-acre prime land in south Mumbai’s lush Mahalaxmi area, a project with an estimated revenue potential of around Rs 10,000 crore, people with direct knowledge of the matter said.The tender has attracted […]

German Bernhard Schulte buys six floors of office space in Mumbai

Global maritime major Bernhard Schulte Shipmanagement (BSM) has acquired a six-storey custom-built office space in a commercial project Kalpataru Virtus in Mumbai’s eastern suburb of Vikhroli, LBS-JVLR junction, for over Rs 304 crore, said persons with direct knowledge of the development.The transaction, which closed on Thursday, marks one of the largest purchases of office space […]

SC sets aside Bombay HC ruling and state’s decision to classify numerous plots as ‘private forests’

“/>Supreme Court of India MUMBAI: In a setback for the state government, the Supreme Court has quashed a 2018 Bombay High Court ruling that allowed the Maharashtra revenue department to classify plots of land in Mumbai, Thane and other parts as ‘private forests’, preventing its development potential.The SC criticized the HC judgment for not following […]

Maharashtra is trying to make redevelopment projects more viable

MUMBAI: The Maharashtra government has proposed amendments to the Greater Mumbai Development Control and Promotion Regulations (DCPR) 2034 to make redevelopment programs under the Maharashtra Housing and Area Development Authority (MHADA) more feasible and financially viable. The move follows a proposal from MHADA which had written to the state government seeking amendments to these provisions […]