Live news feed — last updated 06 August 2026
Maharashtra has become the leading source of NRI-owned properties entering India's resale market, with the Mumbai Metropolitan Region (MMR) accounting for 27% of the pipeline. This trend suggests overseas Indians are cashing out investments, possibly due to stable valuations in
L&T Realty and ORA Group have partnered for a large-scale redevelopment project in Mahalaxmi, focusing on transforming the historic Dhobi Ghat area into a modern residential hub. This initiative highlights a shift in Mumbai's real estate market towards redeveloping established urban pockets due to scarce prime land.
Mumbai's residential real estate market saw a significant surge in May 2026, with 12,315 property registrations, the highest for the month in 14 years. This represents a 7% year-on-year increase, indicating sustained buyer confidence. The Maharashtra government collected over Rs 1,051 crore in stamp duty revenue.
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