The Maharashtra government is preparing to bring in a new law that will enable the use of blockchain technology in the real estate sector, marking one of the state's most significant digital governance initiatives for the property market. The proposed law aims to create a legal framework for blockchain-based property transactions, digitize land records, improve transparency in ownership, reduce disputes...
In a move that will provide relief to thousands of cooperative housing societies in Mumbai who have been unable to register lease agreements for decades due to procedural delays and high stamp duty, Maharashtra Revenue Minister Chandrashekhar Bawankule announced a steep cut in stamp duty on such registrations.Maharashtra government has reduced stamp duty on lease agreements of residential properties by...
Mumbai recorded 80,221 property registrations in the primary and secondary markets during H1 2026, a growth of 6% year-on-year, while stamp duty collections increased by 4%. ₹6,968 crore, according to an analysis of Inspector General of Registration (IGR) data by Knight Frank India.Mumbai recorded 80,221 property registrations in the primary and secondary markets during H1 2026, a growth of 6%...
The Maharashtra Real Estate Regulatory Authority (MahRERA) has clarified that a developer is entitled to file a review application, but the scope of such review is limited by the provisions of the RERA Act and its rules. The Authority observed that review proceedings cannot be used as a veiled appeal for re-appreciation of facts, evidence or legal issues already considered and decided in the final order....
Actress Disha Patani has rented out her luxury apartment in Mumbai's posh Khar West area at a starting monthly rent ₹2.85 lakh, as per property registration documents obtained through Zapkey.Actress Disha Patani has rented out her luxury apartment in Mumbai's posh Khar West area at a starting monthly rent of ₹2.85 lakh.This apartment is located in Rustomjee Paramount, a premium residential tower in...
The Maharashtra government plans to introduce separate ready reckoner (RR) rates from next year for high-rise developments and slum clusters, which currently fall under the same valuation framework despite significant differences in infrastructure, amenities and market values ​​of the same localities. The move is part of a broader micro-zoning initiative that aims to more closely align property...
Mumbai's ultra-luxury housing market is attracting an increasing number of buyers from outside Maharashtra. According to CREMatrix data, among buyers of homes priced above ₹25 crore between CY2023 and CY2025, Delhi had the largest share of buyers, followed by Kolkata, Pune, Ahmedabad and Bengaluru.While Mumbai buyers accounted for about 85% of the sales of over 700 homes in the above ₹25 crore...
A tenant has sparked a debate on rental practices in Mumbai by alleging on Reddit that his landlord is withholding more than his security deposit. ₹1 lakh unless the 1BHK apartment in Chembur is returned in freshly painted condition. The tenant argued that the deposit was significantly higher than the potential cost of repainting the flat and sought advice as to whether the landlord's demands were...
Maharashtra Chief Minister Devendra Fadnavis said on June 8 that the Dharavi redevelopment project will be implemented on the lines of modern housing developments in Singapore and Hong Kong.Maharashtra Chief Minister Devendra Fadnavis has said that the Dharavi redevelopment project will be implemented on the lines of modern housing developments in Singapore and Hong Kong. (Photo Raju Shinde/HT Photo)...
In a strategic move to bring itself to position as a destination for a global trade programs, the Maharashtra government has announced the formation of the first state -led initiative of Maharashtra Convention Bureau (MCB) -India that focuses on meetings, encouragement, conferences and exhibitions (MICE) sectors. The...