Mumbai affordability index at 50%; cluster redevelopment to unlock 800-1,000 acres: MHADA CEO

Mumbai is embracing large-scale cluster redevelopment to tackle housing challenges. MHADA plans to open vast land parcels for integrated projects. This strategy aims to create planned residential areas with better infrastructure. The goal is to deliver millions of affordable homes by 2030. This approach will generate significant housing stock for lower-income groups.

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NCLAT orders handover of maintenance of two Supertech housing projects to AoAs

The National Company Law Appellate Tribunal has ordered the handover of day-to-day maintenance at two Supertech housing projects. Residents' associations will now manage essential services at Ecociti and 34 Pavilion. This decision follows years of waiting for residents. The transfer must be completed within 30 days under supervision. This empowers apartment owners with control over their societies' upkeep.

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RLDA to lease out Bengaluru’s Yeshwantpur colony land for residential project

Rail Land Development Authority plans to lease railway land in Yeshwantpur for residential apartments. This 99-year lease aims to generate revenue and redevelop the existing railway colony. The project involves building private apartments alongside redeveloped staff quarters. Developers have until March 18 to submit bids. Separately, 169 trees will be felled at SMVT for a sick line project.

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Google expands Bengaluru footprint, secures rights to 2.6 million sq ft at Alembic City

Google is significantly expanding its presence in Bengaluru's Whitefield, securing rights to approximately 2.6 million square feet at Alembic City. This move highlights the tech giant's sustained commitment to the region, with the landlord obligated to reserve additional office blocks exclusively for Google.

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NCLAT directs withdrawal of the insolvency against Mahagun as parties arrives settlement

The National Company Law Appellate Tribunal (NCLAT) has ordered the withdrawal of insolvency proceedings against realty firm Mahagun. This decision follows a settlement reached between Mahagun (India) and its financial creditor, IDBI Trusteeship, on February 12, 2026.

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Circle rates in Delhi to be revised to align with property market trends

The Rekha Gupta government is undertaking a comprehensive revision of property circle rates, the first in years, to align them with market trends. While premium areas see modest hikes, sharper increases are proposed in mid- and lower-segment zones where market values significantly exceed current rates. This recalibration aims to rationalize valuations and boost revenue collection.

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Real estate tribunal stays MahaRERA chairperson’s order

The Maharashtra Real Estate Appellate Tribunal has put a hold on a MahaRERA chairperson's order concerning a flat buyer's complaint. The tribunal also called for an investigation into the issuance of two different versions of the same order. This action follows an appeal against the chairperson's decision to set aside previous orders.

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