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Mehul R Thakkar
Articles by Mehul R Thakkar

RK studio redevelopment: MahaRERA directs Godrej Properties to refund homebuyers

MahaRERA directs Godrej Properties to refund, without interest, the amounts paid by six homebuyers for seven flats in its Chembur project, Godrej RKS, in Mumbai

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has directed Godrej Properties to refund, without interest, the amounts paid by six homebuyers for seven flats in its Chembur-based project, Godrej RKS. (Representational photo)(Pexels)
Published on Jun 18, 2025 08:13 AM IST
ByMehul R Thakkar

DLF’s Mumbai project set to launch soon as RERA gives green light to first phase

As per MahaRERA, DLF’s upcoming project in Mumbai’s Andheri area will feature 3, 4, and 5 BHK apartments, along with a limited number of studio units

Mumbai real estate update: DLF has received approval from the Maharashtra Real Estate Regulatory Authority (MahaRERA) for the first phase of its upcoming premium residential project in the Andheri area. (Picture for representational purposes only)(Pexels)
Updated on Jun 17, 2025 06:13 PM IST
ByMehul R Thakkar

29,000 homebuyers' complaints against 5,500 real estate projects in Maharashtra

MahaRERA update: Over 50,000 real estate projects have been registered in Maharashtra since 2017, the highest number in the Pune district

Homebuyers have filed 29,374 complaints against 5,508 real estate projects in Maharashtra with the Maharashtra Real Estate Regulatory Authority (MahaRERA). (Picture for representational purposes only)(Mehul R Thakkar/HT)
Updated on Jun 13, 2025 05:04 PM IST
ByMehul R Thakkar

Mumbai: 5 key facts about Apple India’s upcoming 12,616 sq ft store in Borivali

With Apple India leasing space in Oberoi’s Sky City Mall for ₹17.35 lakh per month, Borivali is fast emerging as a serious contender to established retail hubs

Apple India has leased 12,616 sq ft retail space in Mumbai’s Borivali suburb for <span class='webrupee'>₹</span>17.35 lakh monthly rent. (Picture for representational purposes only)(Dhiraj Singh/Bloomberg)
Published on Jun 07, 2025 11:05 AM IST
ByMehul R Thakkar

Dharavi redevelopment: Adani Group to develop 43% of land for free sale

Mumbai real estate update: Dharavi redevelopment project spans 108.99 hectares, with 47.20 hectares for rehabilitation and 47.95 hectares for free sale 

Dharavi redevelopment update: Construction on 43% of the total 108.99 hectares allocated for the Dharavi redevelopment project will be available for free sale in the open market. (Picture for representation purposes only)(HT Photo)
Published on Jun 04, 2025 10:00 AM IST
ByMehul R Thakkar

Tesla leases 24,565 sq ft warehouse space in Mumbai's Kurla for over 24 crore

Elon Musk's Tesla India Motor and Energy Pvt Ltd has leased 24,565 sq ft warehouse space in Mumbai’s Kurla for a period of five years in Lodha Logistics Park

Mumbai real estate update: Elon Musk's Tesla India Motor and Energy Pvt Ltd has leased 24,565 sq ft of warehouse space at Lodha Logistics Park in Mumbai’s Kurla area for a total rent of <span class='webrupee'>₹</span>24.38 crore(Unsplash)
Updated on Jun 03, 2025 05:00 PM IST
ByMehul R Thakkar

Mumbai: Planning to sell a flat in an old building? Here’s why it can be tough

A Reddit user shared his struggle to sell a 2BHK in a 30-year-old building in Andheri, Mumbai, despite using both online and offline channels

Mumbai real estate update: Netizens have voiced concern about the challenges of selling flats in older buildings, despite the properties having clear titles(Mehul R Thakkar/HT)
Published on Jun 03, 2025 08:25 AM IST
ByMehul R Thakkar

Maharashtra Housing Policy 2025 slashes stamp duty to 1,000 for senior housing

The Maharashtra government, in its housing policy finalised last week, has announced a series of relaxations for senior living housing projects

The Maharashtra government, in its housing policy finalised last week, has announced a series of relaxations for senior housing projects. (Representational photo)(Mehul R Thakkar/HT)
Published on May 29, 2025 07:19 AM IST
ByMehul R Thakkar

Mahindra Lifespaces to have zero affordable housing projects by FY30: CEO

CEO Amit Sinha said the company will pause affordable housing projects and focus on premium homes, in line with Mahindra’s strategy of premium SUV cars 

Real Estate update: Mahindra Lifespaces, the real estate arm of the Mahindra Group, has said that the company plans to exit from the affordable housing segment for the time being, stating that it will have zero affordable housing projects on its books by FY30(HT Files)
Updated on May 27, 2025 01:52 PM IST
ByMehul R Thakkar

Mumbai Rains: How waterlogging and flooding impact the city's real estate market

Mumbai’s monsoon poses a seasonal challenge for its real estate market, not due to weak demand, but because heavy rains hamper site visits and disrupt mobility

Mumbai real estate update: Monsoon season—stretching from June to September—poses seasonal challenges for the sector. (Picture for representational purposes only)(HT Photo/Anshuman Poyrekar)
Updated on May 27, 2025 09:33 AM IST
ByMehul R Thakkar

Luxury real estate showing signs of fatigue: Raymond Realty CEO

Harmohan Sahni, CEO of Raymond Group’s real estate arm, noted that market trends differ across products. He said the premium segment continues to remain strong

Updated on May 26, 2025 07:34 AM IST
ByMehul R Thakkar

Booked a flat but developer changed midway? Original builder liable: MahaRERA

Maharera order: Original developer remains liable for homebuyers' claims even after real estate project transfer due to compliance issues

MahaRERA update: The Maharashtra Real Estate Regulatory Authority, in a recent suo motu order, has clarified that the original developer remains accountable for addressing the claims of existing homebuyers, even if the project is transferred to a new developer.(Mehul R Thakkar/HT)
Updated on May 23, 2025 06:59 AM IST
ByMehul R Thakkar

MHADA update: 96 buildings declared 'extremely dangerous' in South Mumbai

In addition to MHADA, the Brihanmumbai Municipal Corporation (BMC) has identified 134 dilapidated buildings and issued immediate eviction notices to residents

Mumbai monsoon update: The Maharashtra Housing and Area Development Authority (MHADA) has released a list of 96 residential buildings in South Mumbai that are deemed extremely dangerous and need immediate evacuation. (Picture for representational purposes only)(Mehul R Thakkar/HT)
Updated on May 22, 2025 07:38 PM IST
ByMehul R Thakkar

MHADA takes over redevelopment of South Mumbai project stuck for nearly 15 years

Mumbai real estate update: After nearly 15 years and two failed developer attempts, the MHADA has decided to take over a stalled project in South Mumbai

Delayed possession: After nearly 15 years and two failed developer attempts, the Maharashtra Housing and Area Development Authority (MHADA) has decided to take over a stalled redevelopment project in South Mumbai(Studio Ghibli style image created using Grok Beta)
Published on May 20, 2025 01:43 PM IST
ByMehul R Thakkar

Gurugram real estate: Oberoi Realty to enter Delhi-NCR with luxury project

Mumbai-based Oberoi Realty plans to launch its high-end luxury project in Gurugram, similar to Three Sixty West, in the second half of the financial year

Gurugram real estate: Mumbai-based Oberoi Realty is set to enter the Gurugram real estate market with a high-end luxury project, featuring apartments ranging from 5,000 to 8,000 sq ft.(Oberoi Realty)
Updated on May 20, 2025 07:30 AM IST
ByMehul R Thakkar

Did you know 1 cr can barely get you a bathroom-sized apartment in South Mumbai

Mumbai real estate: In the financial capital’s high-priced market, a budget of ₹1 crore can barely secure a bathroom-sized apartment in prime areas

Mumbai real estate: Options are extremely limited for homebuyers with a budget of <span class='webrupee'>₹</span>1 crore in the financial capital.(Mehul R Thakkar)
Updated on May 18, 2025 12:05 PM IST
ByMehul R Thakkar

Tribunal directs Lodha Group to register New Cuffe Parade project with MahaRERA

Buyers who booked flats between 2011 and 2014 in three Lodha Group buildings in Mumbai alleged the builder didn’t secure full OCs after RERA took effect in 2017

Mumbai real estate update: In a major relief for homebuyers, the Maharashtra Real Estate Tribunal has directed the Lodha Group to register a portion of its New Cuffe Parade project in Wadala with MahaRERA. (Picture for representational purposes only)(Pixabay)
Published on May 13, 2025 11:07 AM IST
ByMehul R Thakkar

Amazon renews 1.73 crore monthly lease with Godrej Green Homes in Mumbai

Mumbai real estate update: Amazon group companies have renewed the commercial lease agreement for 94,000 sq ft of space with Godrej Green Homes

Godrej Green Homes Pvt Ltd has renewed the lease of more than 94,000 sq ft of space to four Amazon group companies in Mumbai's Vikhroli area, with a monthly rent of <span class='webrupee'>₹</span>1.73 crore for five years. (Picture for representational purposes only) (Pexels)
Published on May 08, 2025 06:49 PM IST
ByMehul R Thakkar

MahaRERA surpasses 50,000 real estate project registrations in 8 years

Tamil Nadu stands second with RERA registrations 27,609 and Gujarat, third, with 15,322 residential projects, according to the data

MahaRERA update: Eight years after its establishment, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has surpassed 50,000 total project registrations across the state. (Picture for representational only)(Mehul R Thakkar/HT)
Updated on May 08, 2025 11:09 AM IST
ByMehul R Thakkar

MHADA lottery 2025: 5,000 affordable homes set to go on sale in Mumbai

MHADA lottery Mumbai 2025: Around 5,200 affordable homes are likely to be part of the draw to be announced in the coming months

MHADA Mumbai Lottery 2025: The Maharashtra Housing and Area Development Authority is expected to announce the draw for approximately 5,000 affordable homes around Diwali 2025(Mehul R Thakkar/HT)
Updated on May 07, 2025 01:38 PM IST
ByMehul R Thakkar

Homebuyer promised free add-ons? Here’s why it must be mentioned in agreement

A Pune developer promised a homebuyer a modular kitchen and ACs but refused to include them in the sale agreement, offering only email confirmation

Homebuyers guide: Several Reddit users discussed the concern online, noting that a homebuyer cannot claim compensation for any defaults if the promises are not mentioned in the agreement. (Picture for representational purposes only)(Pexels)
Updated on May 06, 2025 05:09 PM IST
ByMehul R Thakkar

GIFT City liquor permit rules eased; Realtors say move to attract investments

GIFT City update: Gujarat government eases liquor norms in Fintech hub; Real estate sector sees it as key to boosting investments

The Gujarat government has eased its GIFT City, Gandhinagar liquor consumption policy. Under the revised policy, employees can apply directly to the government for temporary or group liquor permits, eliminating the need to go through their company’s recommendation officer. (Representational Photo)(File Photo)
Published on Apr 22, 2025 07:33 AM IST
ByMehul R Thakkar

Aamir Khan’s Mumbai housing society to undergo redevelopment by December 2025

Bollywood actor Aamir Khan owns as many as 12 flats in Mumbai’s upscale Pali Hill, which is set to be redeveloped by MICL along with Wadhwa and Chandak Group 

Mumbai real estate update: Man Infraconstruction Limited (MICL), a listed real estate developer, plans to launch an ultra-luxury project in Mumbai’s upscale Pali Hill locality in Bandra by December 2025.(HT Files)
Updated on Apr 21, 2025 11:01 AM IST
ByMehul R Thakkar

Why are pilots eyeing plots and luxury villas near Navi Mumbai airport?

Mumbai real estate: Navi Mumbai International Airport, set to become operational within the next two months, has generated interest among the airline fraternity

Navi Mumbai International Airport, set to become operational within the next two months, has generated strong interest among the airline fraternity for property investments. (Picture for representational purposes only)(HT Files )
Published on Apr 15, 2025 07:07 AM IST
ByMehul R Thakkar

Mumbai: Rishabraj Developers acquires 3.84 acres of land in Borivali for 539 cr

Rishabraj Developers has purchased four adjoining land parcels in Borivali from Mumbai Khadi and Village Industries Association, a registered trust 

Mumbai-based Rishabraj Developers has purchased four adjoining land parcels measuring 3.84 acres for <span class='webrupee'>₹</span>539 crore in Borivali West area. (Picture for representational purposes only)(Mehul R Thakkar/HT)
Updated on Apr 14, 2025 05:08 PM IST
ByMehul R Thakkar

MahaRERA to hear complaints by filing order, prioritise critical illness cases

MahaRERA has established new guidelines to expedite complaint resolutions, prioritizing homebuyers with life-threatening illnesses

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has said that it will hear complaints filed by homebuyers and allottees in the order they were received to ensure timely resolution. (Picture for representational purposes only)(Mehul R Thakkar/HT)
Published on Apr 14, 2025 12:38 PM IST
ByMehul R Thakkar

Mumbai real estate: Vastu homes curry favour with young homebuyers

Vastu Shastra has emerged as a crucial influence in Mumbai's real estate market, shaping home-buying decisions across the spectrum—from ₹1 cr to ₹100 cr flats.

Mumbai real estate update: Homebuyers across age groups, especially those aged 30 to 40, increasingly prefer Vastu-compliant properties, say real estate experts. (Picture for representational purposes only) REUTERS/Hemanshi Kamani/File Photo(REUTERS)
Published on Apr 13, 2025 07:24 AM IST
ByMehul R Thakkar

MahaRERA mandates prominent display of QR code and registration number in ads

MahaRERA update: The authority has observed that QR code and RERA registration number are either not displayed properly or are not visible 

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has made it compulsory for developers and real estate agents to prominently display the project's MahaRERA registration number and a QR code linking to its RERA webpage in all advertisements.(Mehul R Thakkar/HT)
Published on Apr 10, 2025 11:31 AM IST
ByMehul R Thakkar

MMRDA gets over 3,800 crore bids for three plots in Mumbai's BKC

MMRDA, the planning authority of Bandra Kurla Complex, will lease the three plots measuring more than 5 metres for a period of 80 years

Mumbai real estate update: Japan’s Sumitomo and a consortium led by Brookfield have emerged as the highest bidders for three prime land parcels auctioned by the Mumbai Metropolitan Region Development Authority. (Picture for representational purposes only)(HT PHOTO)
Updated on Apr 04, 2025 09:53 PM IST
ByMehul R Thakkar

Maharashtra Tribunal orders RERA registration for building with partial OC

Partial Occupancy Certificate not enough: Maharashtra Real Estate Appellate Tribunal rules that Trade Centre Building in Mumbai's BKC must register under RERA

The Maharashtra Real Estate Appellate Tribunal (MREAT) has directed Mumbai-based real estate developer Wadhwa Constructions to register its commercial project, Trade Centre, with MahaRERA. (Picture for representational purpose)(MMRDA website)
Published on Apr 04, 2025 04:49 PM IST
ByMehul R Thakkar
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