Housing societies in Mumbai can expand leisure facilities free of FSI

Housing societies in Mumbai can now utilize up to 4% of their built-up area for amenities like yogalayas and fitness centers without incurring Floor Space Index (FSI) charges. This increase from the previous 2% aims to enhance residents' quality of life by providing larger recreational spaces, including covered swimming pools.

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Be realistic in your advertisements: RERA officials to real estate builders

RERA officials have asked developers to avoid misleading advertisements and ensure compliance with regulatory provisions, including agreement for sale and disclosure norms. They also flagged issues such as assured returns and super area-based selling.

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'Miracle' that four lakh still live in dangerous buildings: Bombay HC panel flags crisis

A Bombay High Court-appointed committee has warned that lakhs of Mumbai residents live in structurally unsafe cessed buildings due to redevelopment delays and a severe shortage of transit housing. The panel's report highlights prolonged legal disputes and stalled proposals, with many buildings on the verge of collapse, posing a significant risk to tenants.

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CBI files chargesheet against AVJ Developers (India), bank officials in homebuyers' cheating case

The Central Bureau of Investigation has submitted a detailed chargesheet against AVJ Developers and several of their affiliates, bringing to light the involvement of bank officials and unscrupulous homebuyers. The case centers on extensive fraud perpetrated against both home purchasers and financial institutions, with builders reportedly using misleading promises and trickery.

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Mindspace REIT raises ₹500 crore via 10-year NCDs at 7.63% coupon

Mindspace REIT has raised ₹500 crore through a 10-year non-convertible debenture issuance, fully subscribed by a domestic insurer. The proceeds will be used to refinance existing debt. The move is aimed at extending debt maturity and locking in fixed interest costs.

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ITAT allows capital gains tax exemption against property bought from in-laws

The Mumbai ITAT ruled that purchasing property from relatives is not a sham transaction solely for tax benefits. The tribunal allowed a Rs 41.5 crore exemption under Section 54F, stating that genuine intra-family deals, backed by documentation, cannot be disregarded based on suspicion of tax avoidance.

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Uttar Pradesh RERA registers 106 projects in January-April 2026

Uttar Pradesh’s real estate sector has maintained growth momentum in 2026, with higher project registrations, investments and proposed units compared to the same period last year, according to UP-RERA data, following a steady rise across key indicators in 2023–2025.

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