21 Articles
The Ministry of Housing and Urban Affairs has directed all state Real Estate Regulatory Authorities (RERA) to implement a critical four-month extension for registered housing projects nationwide. This advisory classifies the ongoing West Asia conflict as a 'force majeure' event, directly mitigating its impact on supply chains and escalating construction costs for projects with deadlines on or after February 28, 2026.
The Karnataka government introduced the draft Karnataka Apartment (Ownership and Management) Bill, 2026, on July 15. This comprehensive legislation aims to replace existing five-decade-old laws, enhancing apartment owners' rights, improving governance, and streamlining the redevelopment of aging residential complexes.
The Karnataka government released the draft Karnataka Apartment (Ownership and Management) Bill, 2026, on July 15, aiming to modernize apartment ownership and management laws. This new legislation seeks to replace outdated laws, enhance apartment owners' rights, improve governance, and establish clear guidelines for the redevelopment of aging residential complexes. Homebuyer groups and real estate experts have welcomed the proposed bill, anticipating resolutions to long-standing issues like legal recognition for apartment associations and streamlined grievance redressal.
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In 2025, MahaRERA's focus on transparency and accountability is reshaping Maharashtra's real estate. This, coupled with high-value transactions like the Mahalaxmi land bid, signals a resilient market benefiting buyers, developers, and investors.
Maharashtra plans a new independent authority to oversee redevelopment projects, aiming to resolve disputes and bring accountability. This initiative offers hope to families trapped in delayed housing projects, promising faster resolutions and restored faith in the redevelopment process.
The Bombay High Court intervened, directing Maharashtra to address SRA staffing shortages and illegal property transfers. Lakhs of slum dwellers await promised homes, and the court emphasizes housing as a constitutional right, not charity, demanding immediate action and accountability.
The Supreme Court capped builder cancellation deductions at 10%, protecting homebuyers from excessive penalties. This ruling ensures fairer refund policies and increased transparency in real estate transactions, strengthening consumer rights.