Market News
Mumbai real estate, curated. Article dates shown honestly — some stories are archival.
SRA scraps 181 of 228 government joint venture projects in Mumbai
The Slum Rehabilitation Authority (SRA) has made a significant decision to scrap 181 out of 228 slum redevelopment projects that were planned under a government joint-venture model in Mumbai. This…
Vertical property cards proposal back with Maharashtra government;...
A proposal to introduce vertical property cards has resurfaced in discussions with the Maharashtra government. This initiative aims to establish a clear, floor-wise record of ownership for…
Maharashtra government moves closer to seal Air India building...
The Maharashtra government is on the verge of acquiring the iconic Air India Building located at Nariman Point in Mumbai for Rs 1,601 crore. This acquisition marks a significant milestone in a…
Maharashtra to Exclude Stilt Parking Height for 12.5% Scheme Redevelopment
The Maharashtra government has introduced a crucial amendment aimed at enhancing land redevelopment under the 12.5% scheme in Navi Mumbai. This change is particularly significant as it addresses the…
What is FSI? Impact on GST for Mumbai Real Estate
Floor Space Index (FSI) is an essential aspect of real estate development in Mumbai, determining how much construction can occur on a given plot of land. It represents the ratio of the total built-up…
Entry to Mumbai become Toll Free - Advantage Renters
The Maharashtra government's recent decision to waive tolls for light motor vehicles at key entry points into Mumbai is a significant development for daily commuters. This initiative aims to…
New GST Notices on Leasehold Land Transfers Raise Real Estate Concerns
The recent issuance of notices by authorities to recover Goods & Services Tax (GST) dues on the transfer of leasehold land has raised significant concerns within the real estate sector. This…
BMC publishes list of 188 hazardous, dilapidated buildings.
In a proactive move ahead of the monsoon season, the Brihanmumbai Municipal Corporation (BMC) has released a list of 188 residential buildings classified as "very dangerous" and "dilapidated." This…
BMC Achieves Rs 3,905 Crore Property Tax Collection; Aims for Rs 4,500 Crore Target
The Brihanmumbai Municipal Corporation (BMC) has reported a significant property tax collection of Rs 3,905 crores for the fiscal year 2023-24, with a revised target set at Rs 4,500 crores. This…
Simplified Version of the Abhay Yojana Scheme 2023 Maharashtra Government
The Maharashtra government has introduced the "Maharashtra Stamp Duty Abhay Yojana 2023" aimed at providing relief to property buyers through significant exemptions on stamp duty and penalties. This…
Maharashtra Cabinet Introduces Stamp Duty Abhay Yojana 2023 to Boost Revenue
The Maharashtra cabinet has introduced the Stamp Duty Abhay Yojana (Amnesty Scheme) 2023, aimed at enhancing revenue while providing financial relief to citizens. This initiative, announced on…
Maharashtra Government announces waiver of Property Taxes
The Maharashtra Government has announced a significant waiver of property taxes for residential apartments with an area not exceeding 500 sq.ft. This decision, made by the Shiv Sena and Congress-led…
Income-Tax return filing deadline extended to December 31
The Central Board of Direct Taxes (CBDT) has announced an extension for the deadline to file Income Tax returns, now set for December 31, 2021. This decision comes as a response to ongoing technical…
Maharashtra Government to offer rebate in Property Tax for EV Charging Point in Society
The Maharashtra Government has introduced a new initiative aimed at promoting the use of electric vehicles (EVs) by offering property tax rebates for the installation of EV charging points in…