A Vertical Property Card is a new type of flat-level property record proposed by the Maharashtra government. Unlike traditional land records that show only the landowner (such as a cooperative housing society or developer), the Vertical Property Card will show: This will give every apartment owner an independent, government-recognised identity for their property in multi-storey …
Introduction The residential real-estate market in the Mumbai Metropolitan Region (MMR) occupies a unique position in India’s housing ecosystem. On one hand it benefits from limited land, infrastructure upgrades, and high-value demand; on the other, it faces mounting supply pipelines and price pressures that raise the question: Is oversupply becoming a material risk? This article …
Is Mumbai’s Property Market at Risk of Oversupply? – 2025 Snapshot Read More »
Dr. Anand Modi’s AMI-WISEOWLZZ Signs ₹395 Crore Cluster Redevelopment Deal in Borivali West A milestone in Mumbai’s urban transformation led by Modispaces’ flagship venture Mumbai’s real estate landscape continues to evolve, and leading that transformation is Dr. Anand Modi (PhD), visionary developer and founder of Modispaces. His flagship venture, AMI-WISEOWLZZ, has recently signed a landmark …
In a significant environmental ruling, the Bombay High Court has imposed a ₹10 lakh penalty on Badlapur civic and environmental authorities for failing to prevent untreated sewage from contaminating farmland in Joveli village, Thane district. The order came in response to a petition filed by Saritha Selvan, a 56-year-old organic farmer, and argued by Counsel …
BMC / MCGM: Section 33 (20 B) of DCPR 2034 — Key Technical Details 1. Eligibility & Applicability 2. Mandatory Facilities & Amenities 3. FSI Entitlements — By Location & Context Location FSI Allowed Sale/PAP Split Island City (12 m road) Up to 3.0 63% saleable / 37% PAP Island City (18 m road) …
The Bombay High Court has recently delivered a significant judgment on how maintenance charges in condominiums and apartments must be calculated under the Maharashtra Apartment Ownership Act, 1970 (MAOA). The Court held that charges should be levied proportionate to the size of each flat and not equally across all residents, thereby reinforcing the principle of …
Bombay High Court Clarifies Maintenance Charges: Proportionate to Flat Size Read More »
In a groundbreaking step toward urban governance innovation in India, the Navi Mumbai Municipal Corporation (NMMC) has introduced property identity cards for its citizens. This initiative makes Navi Mumbai the first city in the country to roll out property identity cards, a move expected to transform the way property-related records, taxes, and transactions are managed. …
Navi Mumbai Becomes First Indian City to Launch Property Identity Cards for Citizens Read More »
Bollywood actress Kriti Sanon has made headlines in Mumbai’s luxury real estate market with the purchase of a stunning sea-facing duplex penthouse in Bandra West. The property, located in the prestigious Supreme Prana project at Pali Hill, has reportedly been bought for ₹78.20 crore, making it one of the most talked-about celebrity real estate investments …
Kriti Sanon Buys Sea-Facing Luxury Duplex Penthouse in Bandra West Read More »
Introduction For most urban homebuyers, owning a flat is not just about having four walls—it’s about enjoying the lifestyle and amenities that were promised at the time of purchase. Among these amenities, car parking space often ranks as one of the most crucial. In cities like Mumbai, Pune, Bengaluru, and Delhi, where parking is scarce, …
MahaRERA Ruling on Parking: Why Homebuyers Can Say No to Incomplete Possession Read More »
Thane, August 14, 2025 — A tragic fire broke out on the 22nd floor of the Lodha Amara high-rise residential complex in Kolshet, Thane, leaving one person dead and another hospitalised, officials confirmed. The blaze occurred around 6:40 p.m. in Wing 8 of the 28-storey tower near the Kolshet Air Force Station (The Times of …
Fatal Blaze at Thane High-Rise Claims One Life, Hospitalises Another Read More »
