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DLF Limited continues to strengthen its position as India’s premier real estate developer, achieving remarkable financial milestones and expanding its portfolio of luxury projects. With a legacy of trust and excellence, DLF is now setting its sights on Mumbai, marking a significant entry into India's most premium real estate market.
DLF reported a net profit of ?1,055 crore in Q3 FY25, a sharp increase from ?648 crore in the same period last year. This growth was fueled by exceptional quarterly sales bookings of ?12,093 crore, primarily driven by The Dahlias in DLF 5, which alone generated ?11,816 crore in new bookings.
With a full quarter still remaining, DLF has already surpassed its annual sales target, with new bookings for the first nine months reaching ?19,187 crore.
The company also recorded an operating cash surplus of ?1,850 crore, reinforcing its financial strength. By the end of Q3 FY25, DLF’s net cash balance stood at ?4,534 crore, reflecting a strong liquidity position.
As part of its strategic expansion, DLF is set to make its debut in Mumbai’s luxury real estate market, a move that has been long anticipated. The developer is gearing up for an upcoming premium residential launch, aiming to establish its foothold in one of the most lucrative and high-demand property markets in India.
With a proven track record of delivering luxury developments in Gurgaon, Delhi, and other metropolitan cities, DLF's entry into Mumbai is expected to redefine high-end living in the city. Backed by strong financials and an established reputation, the brand is poised to compete with top developers and attract elite homebuyers.
India’s luxury real estate market is witnessing a paradigm shift, driven by the rising affluence of Indian families and their growing preference for gated communities and branded residences. With rapid urbanization, economic growth, and evolving consumer aspirations, the demand for high-quality, secure, and well-managed residential communities is at an all-time high.
Affluent homebuyers today are prioritizing lifestyle, security, and long-term capital appreciation, making premium developments with top-tier amenities the most sought-after real estate segment.
DLF has been at the forefront of this trend, consistently delivering world-class residential communities that cater to India's elite. Some of its past landmark projects, such as:
have set new benchmarks for luxury living and have provided exceptional capital appreciation for investors. These developments have become symbols of prestige, attracting India’s most influential and affluent families.
With a strong focus on quality, design excellence, and customer experience, DLF continues to shape the future of luxury real estate. Its upcoming projects are expected to carry forward this legacy, further cementing its position as the go-to brand for premium homes in India.
Beyond its financial success, DLF continues to raise the bar for luxury living with a growing portfolio of high-end residential developments. Some of its most prestigious ongoing projects include:
DLF The Arbour – Sector 63, GurgaonA masterpiece in modern luxury, featuring ultra-premium high-rise residences with world-class amenities.
DLF The Sixty Three – Sector 63, GurgaonA meticulously planned project offering spacious 4 BHK luxury apartments, designed for the urban elite.
DLF Privana – Sectors 76 & 77, GurgaonA collection of low-rise independent floors, blending privacy, exclusivity, and seamless connectivity.
DLF Midtown – Moti Nagar, New DelhiA landmark development in Central Delhi, combining modern architecture, lush green surroundings, and top-tier facilities.
With a nationwide presence and an unparalleled track record of timely project deliveries, DLF has consistently earned the trust of homebuyers and investors alike. The company’s foray into Mumbai further reinforces its ambition to expand and dominate the Indian luxury real estate space.
DLF’s financial resilience, commitment to innovation, and ability to deliver world-class developments ensure its place as a frontrunner in the market. Whether in Gurgaon, Delhi, or now Mumbai, DLF continues to set new benchmarks in luxury living.
Over the past few years, the Bachchan family has actively engaged in strategic real estate investments, making notable acquisitions, sales, and pre-IPO investments. Their approach is focused on capital appreciation, rental income generation, and high-growth real estate opportunities.
January 2024 – Land Purchase in Ayodhya:Amitabh Bachchan acquired a 10,000 square foot plot in Ayodhya, Uttar Pradesh, for ?14.5 crore.
October 2024 – Investment in Oberoi Realty's Eternia Project:Amitabh and Abhishek Bachchan jointly purchased 10 apartments in Eternia, Mulund West, Mumbai, for ?24.95 crore.
May 2024 – Investment in Oberoi Sky City, Borivali:Abhishek Bachchan invested ?15.42 crore in six luxury apartments in Oberoi Sky City, Borivali East, Mumbai.
August 2023 – Investment in Lotus Signature, Oshiwara:Amitabh Bachchan purchased four commercial office units on the 21st floor of Lotus Signature, a premium commercial property in Oshiwara, Mumbai.
In November 2023, Bachchan leased these office spaces to Warner Music India Pvt Ltd, ensuring a steady rental income:
December 2024 – Pre-IPO Investment in Sri Lotus Developers:Amitabh Bachchan invested ?10 crore in the pre-IPO private placement of Sri Lotus Developers and Realty Ltd., a Mumbai-based luxury real estate firm founded by producer Anand Pandit.
Sri Lotus Developers later filed for an ?792 crore IPO, planning to use the proceeds for subsidiary investments and project development. This move aligns with Bachchan's strategy of capitalizing on real estate-driven wealth growth.(Source)
The Bachchan family is conscious about who they invest with, preferring well-established and trusted brands like Oberoi Realty, The House of Abhinandan Lodha, and the Lotus Group. Their strategy highlights:
? Acquiring premium residential and commercial properties with high appreciation potential.? Investing in pre-IPO opportunities to maximize returns on early-stage ventures.? Leveraging high-value real estate appreciation and selling at peak valuations.? Diversifying into commercial leasing for long-term passive income.? Building relationships with top-tier developers to ensure investment security.
Their real estate portfolio showcases a blend of luxury assets, high-yield commercial properties, and strategic investments in emerging developers, demonstrating deep market insights and a structured approach to wealth growth.
Mumbai’s Malabar Hill continues to cement its reputation as the most exclusive address for India’s ultra-high-net-worth individuals (UHNWIs), with record-breaking property transactions reshaping the city’s luxury real estate market.
Recently, Dream11’s co-founder purchased a 9,546 sq. ft. apartment in Malabar Hill for ?138 crore, setting a new benchmark at ?1.45 lakh per sq. ft.. Around the same time, another apartment at Lodha Malabar in Walkeshwar was also sold at the same price per sq. ft., reinforcing the premium valuation of South Mumbai’s most sought-after residences.
The ?100 crore-plus property segment in Mumbai caters to a select group of elite buyers, including business tycoons, startup founders, and industrialists, who prefer investing in highly exclusive developments like Lodha Malabar. These buyers are drawn to such properties due to limited availability, ultra-luxury amenities, panoramic views, and prime locations.
With fewer than a handful of transactions annually in this price range, South Mumbai’s elite buildings continue to command record-breaking per-square-foot valuations.
Over the past year, Lodha Malabar has seen multiple ?100 crore-plus transactions, reaffirming its status as one of India’s most expensive residential projects. Here are some of the most notable deals:
Sandeep Sadh, a seasoned real estate expert and founder of Mumbai Property Exchange, explains why Malabar Hill and Walkeshwar remain the top choices for India’s wealthiest buyers:
"The ?100 crore-plus luxury housing segment in Mumbai is extremely niche, with only a handful of transactions occurring each year. These are not speculative investments; these homes are chosen by buyers who prioritize exclusivity, legacy, and long-term ownership. Buildings like Lodha Malabar cater to this select class, offering a combination of ultra-luxury amenities, breathtaking views, and a prestigious address that cannot be replicated. With supply always limited, these homes will continue to command premium valuations."
Known for its secluded, high-profile lifestyle, Malabar Hill and Walkeshwar remain the top choices for India’s wealthiest. The locality offers:
With rising interest from startup billionaires, corporate leaders, and legacy business families, South Mumbai’s ultra-luxury property market continues to set new records, solidifying its status as India’s most premium residential zone.
GECOM International has made a significant move in Mumbai’s luxury real estate market by acquiring a triplex apartment in Signature Island, Bandra-Kurla Complex (BKC) for nearly 100 crore. This ultra-premium residence spans 11,295 sq. ft. of carpet area on the 15th habitable floor, offering expansive living spaces in one of the most sought-after luxury towers in the city.
Property: Triplex Apartment in Signature Island, BKC
Carpet Area: 11,295 sq. ft.
Floor: 15th Habitable Floor
Transaction Value: 100 crore
Stamp Duty Paid: 6 crore
Parking Slots: 10 Exclusive Car Parks
Buyer: GECOM International, a company specializing in educational collaborations between Indian and foreign universities.
This high-profile acquisition further cements BKC’s reputation as the preferred luxury residential and business hub in Mumbai, attracting high-net-worth individuals from across industries.
BKC has established itself as Mumbai’s top business district, boasting Grade-A commercial spaces that house the headquarters of leading banks, multinational corporations, and financial institutions. This influx of corporate giants has significantly strengthened BKC’s positioning as a prime business and luxury residential hub.
Among the most popular luxury residential projects in BKC, Signia Isles and Signia Pearl have emerged as top choices for expat families, given their proximity to prestigious international schools such as the American School of Bombay and Dhirubhai Ambani International School. This has further increased the demand for premium residences in the area.
Adding to BKC’s lifestyle appeal is its high-end hospitality sector, with Trident and Sofitel catering to business executives and international visitors. The recently launched Nita Mukesh Ambani Cultural Centre (NMACC) has further elevated BKC’s status as a cultural and entertainment hotspot, hosting world-class performances, art exhibitions, and exclusive events.
Over the years, BKC has evolved into Mumbai’s premier destination for high-end gourmet restaurants. The area is now home to some of the city’s most exclusive fine-dining establishments, curated by Michelin-starred chefs and luxury hospitality brands. This transformation has made BKC a go-to destination for affluent professionals, celebrities, and corporate executives, further increasing the attractiveness of residential properties in the area.
The overall real estate market in Mumbai has been witnessing a surge in high-value transactions, with properties priced above 100 crore selling faster than ever. The city remains India’s most expensive real estate market, with BKC leading as the most sought-after location for ultra-luxury living.
Signature Island, developed by Sunteck Realty, has seen ownership by some of the biggest names in business and entertainment, including:
Uday Kotak (Founder, Kotak Mahindra Bank)
Gautam Adani (Chairman, Adani Group)
Vikram Pandit (Former CEO, Citigroup)
Gunit Chaddha, Mihir Doshi, and Ashok Wadhwa
Bollywood stars Aishwarya Rai Bachchan and Sonam Kapoor
With its strategic location, top-tier infrastructure, and seamless connectivity, BKC continues to be the epicenter of Mumbai’s luxury real estate market. The presence of global financial institutions, corporate headquarters, and premium lifestyle amenities ensures that BKC remains the preferred destination for India’s elite buyers.
Sandeep Sadh, a real estate expert, commented on the growing prominence of BKC, stating, "BKC has transformed into Mumbai’s most desirable location, not just for business but also for ultra-luxury living. The combination of world-class commercial spaces, premium residential towers, top international schools, and high-end lifestyle amenities makes it an unbeatable choice for high-net-worth individuals."
This transaction highlights the ongoing appeal of Mumbai's coastal real estate, particularly in exclusive locations like Madh Island. The purchase by Jubin Nautiyal at Raheja Exotica underscores the growing interest of celebrities in premium sea-facing residences.
Madh Island has long been a preferred residential and holiday destination for Mumbai’s elite. The Raheja Exotica project, where Nautiyal has invested, is known for its luxury apartments, stunning Arabian Sea views, and premium lifestyle amenities. Other notable Bollywood and TV personalities, including Vikrant Massey, Pankaj Tripathi, and Archana Puran Singh, also own homes in this enclave.
Madh Island is seeing increasing interest from both end-users and investors, with property prices reflecting its high-value proposition. With limited supply, waterfront access, and celebrity appeal, real estate in this location is expected to appreciate further.
The real estate landscape in Indian megacities has become prohibitively expensive, pricing out even seasoned investors. Dubai, however, matches the price points of properties in Delhi and Mumbai while delivering unparalleled luxury, infrastructure, and tax benefits. For small-town investors, Dubai represents not just an investment, but a lifestyle upgrade and a foothold in a global real estate market.
Dubai has become a beacon for Indian buyers, with nearly 50% of the new project purchasers hailing from India, and 70% of those coming from smaller towns. These investors are leveraging the wealth generated by skyrocketing property values in India to explore international markets. Properties that once cost ?50 lakh in India during the late 90s are now valued at over ?25 crore, enabling even Tier 2 and Tier 3 city investors to consider global real estate.
Dubai’s real estate market has been on an unprecedented growth trajectory. In 2024 alone, the city recorded over 120,000 real estate transactions, valued at AED 259 billion (?5 lakh crore). These numbers reflect a 43% increase in transactions and a 34% rise in sales value year-on-year. The average property transaction in Dubai stands at AED 2 million, approximately ?5 crore, making it highly competitive compared to Indian metro markets.
The city's investor-friendly tax environment further strengthens its appeal. Dubai offers a haven free from capital gains tax and income tax, in stark contrast to the heavy taxation burden in India. This advantage ensures that investors maximize their returns without navigating complex regulatory frameworks.
Dubai’s skyline, a mix of architectural marvels and luxurious residential spaces, has been crafted by some of the world’s leading property developers:
Dubai offers a variety of neighborhoods tailored to different needs and budgets, making it particularly appealing to Indian buyers:
For Indian investors, especially those from smaller towns, Dubai is more than a real estate destination—it’s a symbol of global ambition. The city’s blend of luxury, opportunity, and tax advantages makes it an attractive option for diversifying portfolios and securing long-term returns.
As Dubai continues to expand its offerings, it remains a magnet for Indian buyers. From opulent waterfront properties to affordable family homes, the city caters to every aspiration. Whether you’re seeking financial growth, a lifestyle upgrade, or global connectivity, Dubai’s real estate market is the perfect gateway to a brighter future.
K Raheja Corp Acquires 5.75 Acres in Kandivali for Rs 466 Crore
Real estate developer K Raheja Corp, through its subsidiary K Raheja Corp Real Estate, has signed an agreement to purchase a 5.75-acre land parcel with an existing structure in Kandivali East, Mumbai, for approximately 466 crore. The land includes a building known as Vinod House, previously owned by Global e-Service (formerly The New Vinod Silk Mills).
K Raheja Corp aims to develop a premium residential project on the acquired plot. The company is actively seeking approvals from Mumbai’s civic authority.
Kandivali East has emerged as a favored location for real estate developers, attracting names like Shapoorji Pallonji and Oberoi Realty. The area is known for its scenic views of the Sanjay Gandhi National Park, offering residents a serene and green environment while being close to urban conveniences. Its excellent connectivity through the Western Express Highway and the Mumbai Metro further enhances its appeal, making it a strategic location for luxury and premium housing projects. These attributes position Kandivali East as a top choice for developers and homebuyers alike.
The year 2024 has been a landmark for the real estate sector, marked by record-breaking transactions and a surge in demand for luxury housing. Mumbai, in particular, witnessed an impressive growth in residential sales, with multiple high-value transactions recorded across the city. The growing brand consciousness among homebuyers is driving the success of reputed developers such as Raheja, Oberoi, Lodha, Shapoorji Pallonji, Godrej, and DLF, enabling them to achieve consistent year-on-year growth. Buyers are increasingly opting for trusted brands that deliver premium quality, superior amenities, and timely completion, boosting the confidence of developers to expand and invest further in prime locations.
K Raheja Corp is actively developing a range of high-quality projects across Mumbai and other cities. Some of their notable ongoing developments include:
The luxury housing market has witnessed a significant surge across India’s top eight cities, with Mumbai leading in high-value transactions. Key areas like South Mumbai and Worli-Prabhadevi dominate this segment. Developers are increasingly acquiring land outright or through redevelopment agreements to cater to the rising demand for premium properties in prime locations.
This acquisition further strengthens K Raheja Corp’s presence in Mumbai’s thriving luxury real estate market while leveraging Kandivali East’s unmatched potential as a prime residential hub.
Mumbai's real estate market reached new milestones in 2024, with 1,41,202 property registrations, reflecting an 11% increase compared to 2023, as per data from the Inspector General of Registration and Controller of Stamps (IGR), Maharashtra. This marks the highest number of property registrations in over a decade, showcasing consistent demand and shifting buyer preferences.
The market recorded an average of 11,766 property registrations per month, with the following monthly breakdown:
December 2024 Highlights: This month saw the highest registrations of the year, reflecting a surge in year-end buyer activity.
Revenue from property registrations reached 12,141 crore, marking a 12% increase over 2023. Residential properties dominated the market, accounting for 80% of total registrations, while non-residential properties made up the remaining 20%.
Larger units measuring 1,000–2,000 sq. ft. gained popularity, with their share rising from 8% to 12%, while demand for homes above 2,000 sq. ft. remained steady at 2%.
The western and central suburbs remained dominant, accounting for 86% of the total registrations. Among these:
These trends indicate growing supply and buyer interest in emerging locations, particularly in the central suburbs.
The 2024 property market showcased a distinct shift in buyer preferences:
The Mumbai real estate market demonstrated remarkable resilience and adaptability in 2024, achieving record-breaking registrations and revenue. The consistent demand for premium and spacious homes, coupled with a shift in buyer priorities, underscores the city’s position as a key driver of economic growth and real estate development in India. With over 1.41 lakh registrations and a strong year-end performance, Mumbai continues to set benchmarks for the property market across the country.
Sandeep Sadh, a prominent real estate advisor, noted, "Mumbai’s real estate market has shown remarkable resilience and growth in 2024. The demand for premium and spacious homes reflects a positive shift in buyer priorities, reinforcing Mumbai as a leading destination for real estate investments."
Andheri West has long been one of Mumbai's most sought-after neighborhoods, combining vibrant city life with a sense of community and convenience. However, with DLF’s forthcoming launch in the area, Andheri West is poised to undergo a remarkable transformation, solidifying its position as a premium residential and commercial destination in Mumbai.
Andheri West’s appeal lies in its strategic location and seamless connectivity. Nestled in the heart of Mumbai’s bustling western suburbs, the area boasts excellent access to key parts of the city. With the Western Express Highway, Link Road, and Jogeshwari-Vikhroli Link Road (JVLR) nearby, residents enjoy hassle-free travel to both central and southern Mumbai. Furthermore, the Mumbai Metro Line 1 and the upcoming Metro Line 2A further enhance connectivity, making commuting even more convenient for professionals and families alike.
Andheri West is synonymous with luxury and modern living. The neighborhood is home to upscale shopping malls like Infiniti Mall and City Mall, high-end restaurants, and entertainment hubs. It also houses renowned educational institutions, healthcare facilities, and recreational spaces, ensuring a holistic living experience. With DLF’s anticipated launch, these offerings are set to be complemented by world-class amenities, redefining luxury living in the area.
DLF, one of India’s leading real estate developers, has a legacy of creating landmark developments across the country. Their upcoming project in Andheri West is expected to elevate the neighborhood’s real estate landscape. Known for their attention to detail, innovative design, and sustainable practices, DLF’s project is likely to set a new benchmark for premium living.
The project is anticipated to feature state-of-the-art residential towers with expansive layouts, offering panoramic views of the city. Equipped with cutting-edge amenities like landscaped gardens, clubhouses, swimming pools, fitness centers, and co-working spaces, the development will cater to the evolving lifestyle needs of modern urban dwellers. DLF’s focus on sustainability and green living will also add a unique dimension, attracting environmentally conscious homebuyers and investors.
DLF’s entry into Andheri West is expected to have a ripple effect on property values in the area. Historically, DLF projects have significantly boosted the desirability and market value of locations. Andheri West’s blend of established infrastructure and premium amenities makes it an ideal choice for homebuyers and investors looking for appreciation in property values. With DLF’s trusted brand name and quality assurance, this project is likely to attract high-net-worth individuals and NRIs, further enhancing the area’s premium appeal.
Andheri West’s transformation into a luxury development is supported by its vibrant cultural scene and cosmopolitan vibe. The area is home to some of Mumbai’s iconic landmarks, such as Versova Beach, Lokhandwala Market, and YRF Studios. It’s a hub for Bollywood celebrities and media professionals, adding a touch of glamour to the neighborhood. DLF’s upcoming project will seamlessly blend with this dynamic environment, providing a perfect balance of tranquility and urban excitement.
Andheri West is on the cusp of an exciting new chapter, with DLF’s forthcoming launch poised to redefine its real estate landscape. As a location that offers exceptional connectivity, premium amenities, and a vibrant lifestyle, it’s no surprise that Andheri West is fast becoming Mumbai’s go-to destination for luxury living. With DLF’s commitment to excellence and innovation, the future of Andheri West shines brighter than ever, making it an irresistible choice for discerning homebuyers and investors.
The picture here is of the DLF Midtown in Moti Nagar, New Delhi which is the finest project with all Top of the Line amenities.
Arkade Developers has announced plans to redevelop three major housing projects in Mumbai, spanning approximately five acres across Andheri East, Malad West, and Borivali West. These redevelopment initiatives will create a saleable carpet area of 5.85 lakh sq ft, with an estimated turnover of 2,150 crore.
Andheri East:
Malad West:
Borivali West:
Amit Jain, Chairman and Managing Director of Arkade Developers, emphasized the company’s strong delivery track record and its growing pipeline of projects. He stated, "We have a robust pipeline of over eight upcoming projects across the Mumbai Metropolitan Region (MMR). We expect to witness a further uptick in societies partnering with us, owing to our exemplary delivery track record."
These redevelopment projects are expected to:
Interior designer and entrepreneur Sussanne Khan has leased a premium residential property in Jogeshwari West, Mumbai, for a monthly rent of 2.37 lakh, according to real estate consultant Square Yards. The transaction was registered in December 2024, with stamp duty of 13,500 and registration charges of 1,000.
Sussanne Khan is the founder of The Charcoal Project, a luxury interior design firm catering to a global clientele. She is a well-known name in the design industry, renowned for her innovative and high-end projects.
Jogeshwari West offers excellent connectivity to Mumbai's key business hubs and entertainment districts, making it a sought-after location for professionals and entrepreneurs. Its strategic location ensures easy access to infrastructure, luxury amenities, and an upscale lifestyle.
The Kalyan-Dombivli Municipal Corporation (KDMC) has announced plans to demolish Yusuf Height, a 10-storey building illegally constructed on land reserved for a garden and night shelter. The demolition is scheduled to take place after the monsoon season. The building, located in Kalyan, was declared unauthorized following an investigation that revealed fraudulent practices by the builder.
The Economic Offences Wing (EOW) of the Thane Police has filed a complaint against builder Salman Dolare, his associate Faraz Hare, and two others for using fake permissions from KDMC to construct the building and sell flats. The fraudulent activities caused significant revenue losses to the government, while unsuspecting buyers were duped with fraudulent documents.
Nishar Sheikh, who brought the illegal construction to KDMC’s attention, stated that despite the building being declared unauthorized and a demolition order being issued, no action was taken for a prolonged period. Sheikh also alleged that some KDMC officials were complicit in shielding the illegal construction, raising questions about accountability within the civic body.
KDMC Assistant Commissioner Tushar Sonawane confirmed that a notice would be issued to the builder and a case filed against him. Activist Rupesh Bhoir, assisting the affected flat-buyers, has urged KDMC to take strict action against officials who were complicit in protecting the illegal project. Bhoir emphasized the need for stringent measures to deter other unscrupulous developers from exploiting reserved plots.
The case serves as a stark reminder for prospective homebuyers to verify property documents and ensure due diligence before purchasing flats. It also underscores the importance of robust civic oversight to prevent unauthorized constructions and safeguard public assets designated for welfare purposes.
The SC bench, comprising Justices Vikram Nath and Prasanna B Varale, highlighted several critical points in their judgment:
Bollywood actor Varun Dhawan has made a significant investment in Mumbai’s luxury real estate market by acquiring two high-end apartments worth 86.92 crore in the prestigious Twenty by D'DECOR project in Juhu. The transactions were registered in January 2025, showcasing the actor's penchant for premium properties.
Sixth-Floor Apartment
Seventh-Floor Apartment
Twenty by D'DECOR, located in the upscale Juhu neighborhood, is a sought-after luxury residential development offering world-class amenities and spacious apartments. Known for its vibrant social scene and proximity to Mumbai’s iconic beaches, Juhu is a favored location among Bollywood celebrities and high-net-worth individuals.
In a significant move to enforce transparency and protect homebuyers, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has frozen the bank accounts of over 1,950 stalled or lapsed real estate projects. This action targets developers who have failed to meet regulatory requirements or provide timely updates about their projects, leaving homebuyers in the lurch.
MahaRERA issued show-cause notices to developers whose projects exceeded their completion deadlines without necessary updates on the regulator's website. These developers were given a 30-day window to comply, ensuring accountability under the Real Estate (Regulation and Development) Act, 2016. The Act mandates quarterly and annual updates on project progress to protect homebuyers' interests and maintain financial discipline in the sector.
MahaRERA has intensified its approach to ensure compliance. Non-compliant projects face severe penalties, including:
Developers are also required to submit Form 4 with an OC upon completion or apply for deregistration if projects are delayed. Additionally, quarterly and annual progress reports must be submitted with supporting documents to maintain project transparency.
This bold move reflects MahaRERA's commitment to restoring confidence in the real estate market. By holding developers accountable, the regulator aims to protect homebuyers and push developers toward completing long-delayed projects. The crackdown also sends a strong message to developers about adhering to real estate regulations and ensuring timely project updates.