Mumbai Property News
Latest real estate news, market updates, new launches and expert analysis
BMC Considers Property Tax Hike as Collection Soars in FY 2024-25
The Brihanmumbai Municipal Corporation (BMC) is considering a property tax hike of 12.5-13% as part of its planned five-year revision. This would...
Runwal Enterprises Files DRHP for Rs. 1,000 Crore IPO, Plans Pre-IPO Placement
Runwal Enterprises, a prominent real estate developer based in Mumbai, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and...
Macrotech Developers Alleges Forgery by HoABL in Brand Name Dispute
In a new development in the ongoing family dispute, Macrotech Developers, the real estate giant led by Abhishek Lodha, has accused his younger...
Thane Civic Body Surpasses Property Tax Collection Target with Rs 810 Crore for FY 2024-25
In a remarkable achievement, the Thane Municipal Corporation (TMC) has successfully collected Rs 810 crore in property tax for the fiscal year...
NSE to Convert HQ into Captive Data Center and Relocate to New Office in Mumbai
The National Stock Exchange (NSE) plans to convert its iconic headquarters in Mumbai's Bandra-Kurla Complex (BKC) into a large captive data...
BMC Set to Meet Rs 6,200 Crore Property Tax Target for FY25
Mumbai’s civic body, the Brihanmumbai Municipal Corporation (BMC), is on track to meet its property tax target for the financial year 2024-25,...
Maharashtra Government Increases Mumbai's Ready Reckoner Rates by 3.4%
The Maharashtra government has revised the ready reckoner (RR) rates for property valuations, applicable for stamp duty and taxation, for the...
United Spirits Sells Property in Mumbai for Rs. 172 Crore
United Spirits has announced the sale of a residential property in Mumbai's prestigious Malabar Hill for Rs. 172 crore. The transaction, which was...
MahaRERA Stops Hearing Homebuyer Complaints in NCLT Cases
Homebuyers facing delays in their projects due to insolvency proceedings are encountering obstacles as MahaRERA has stopped hearing complaints...
New Housing Supply in India’s Top-9 Cities Declines by 34%
The new supply of housing properties in India's top-9 cities dropped by 34%, with 80,774 units launched between January and March 2025, compared...
Sunteck Realty Plans Investment of $10-20 Million in Sunteck Lifestyle International
Sunteck Realty has approved an investment of approximately $10-20 million in Sunteck Lifestyle International (SLIPL), a wholly owned subsidiary....
Bombay HC Rules Developer Cannot Use Insolvency Law to Avoid Slum Rehabilitation Obligations
In a significant ruling, the Bombay High Court clarified that developers cannot use insolvency law to bypass their responsibilities under the Slum...
