News Room

Mumbai, 22nd November 2025: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has formulated Standard Operating Procedure (SOP) to improve recovery of compensation in a time bound manner for the homebuyers. The compensation is recovered from a developer on account of various defaults. A circular explaining the SOP has been released by MahaRERA, as per the directions of Honourable Bombay High Court. Hereafter, for the first time, the case of any developer failing to pay the compensation amount despite sufficient opportunities will be sent to the Principal Civil Court of the respective area for further action. Upon this action, the erring builder may have to face prison for a term of up to 3 months. This provision is expected to immensely help in recovering compensation and providing timely relief to the home buyers. Left with no amicable resolution with the developer, often, home buyers approach MahaRERA seeking relief on multiple issues ranging from failure to receive apartment’s possession as per the deadline, sub-standard construction quality, lack of parking, missing amenities, etc. Such complaints are heard by MahaRERA’s designated Adjudicating Officers, who in turn, on the merits of the case, order for compensation. This latest SOP announced is to ensure strict implementation of Honourable Bombay High Court’s orders and also to provide relief to the homebuyers. MahaRERA expects the homebuyers to be compensated within 60 days from the order’s date. As per the SOP, if the homebuyer is not compensated within 60 days, the individual will have to file an application on non-compliance for the recovery of the amount with interest or interest for delayed possession or compensation, as the case may be. MahaRERA shall hear the non-compliance application within 4 weeks from receipt of the same. If it is established prima facie that the developer has failed to comply with the order, reasonable time will be granted to adhere to the order. On the reasonable time period coming to an end, if the developer continues to err, s/he may be asked to submit an affidavit mentioning details of all movable as well as immovable assets, bank accounts and other investments. To ensure that the compensation is duly recovered, a Recovery Warrant will be sent to the District Collector concerned to initiate seizing or attaching the assets and bank accounts. If the developer fails to provide the details of immovable and movable properties, bank accounts and other investments, the case will be sent to the Principal Civil Court of that area for further action. As per the provisions of the Code of Civil Procedure, such defaulting developers may be imprisoned for up to 3 months.

Gurgaon, 21st November 2025: Colliers has released its 2026 Global Investor Outlook report, revealing investors are re-entering global real estate markets with confidence, pursuing diversification across regions and segments. Based on Colliers’ proprietary research and a global survey* of institutional investors, the report finds that market fundamentals are improving, liquidity is returning, and pricing expectations are normalizing. These trends are fuelling optimism for 2026, even as cost pressures and geopolitical risks remain. Colliers’ 2026 Colliers Global Investor Outlook – Asia Pacific Insights reveals a decisive shift in global capital towards Asia Pacific (APAC), as investors seek diversification and growth in a region that is leading global innovation and wealth creation. Capital shifts to APAC as investors bet on growth potential APAC-focused capital raising has surged over 130% since 2024, according to PERE, and now represents 11% of global fundraising in Q1-Q3 2025. Global investors are shifting allocations to APAC, drawn by the region’s dynamic growth, expanding middle class, and innovation potential. While established markets such as Japan, Australia and Singapore remain popular, emerging markets, particularly India, are gaining attention as destinations for higher returns. With both domestic and international investors growing more active, 2026 is set for increased competition and higher transaction volumes across Asia Pacific. The region offers a diverse range of opportunities for investors, with markets including India presenting unique strengths and growth drivers. India investment outlook: Capital flows to remain firm amid expanding opportunities Global investors continue to view India as one of the most promising real estate destinations in APAC, seeking higher returns and scalable deployment of capital, particularly in land and developmental assets. Favourable demographics, a stable policy environment, and a positive economic outlook are keeping investor confidence high. Equity markets are further enhancing liquidity and creating alternate investment opportunities through REITs and IPOs, which are further fuelling cross-border participation in Indian real estate. Overall investors are actively evaluating and deploying capital across core and emerging asset classes, a trend likely to accelerate as institutional-grade stock deepens. “Investments in India’s real estate sector have demonstrated remarkable resilience, underscoring the depth of the market and growing investor confidence. We foresee annual investments to the tune of USD 5-7 billion each in 2025 and 2026, driven by a balanced interplay of foreign and domestic investors. Indian real estate continues to benefit from structural demand levers such as robust domestic economic growth, rising urbanization, infrastructure augmentation, and rising consumption levels. As investors increasingly align with India’s long-term growth story, both domestic and offshore capital are expected to gain further momentum in the coming quarters. Overall investment sentiment remains optimistic, with expanding foreign investor participation, particularly from the US and Asia-Pacific regions, reflecting India’s continued appeal as a high-potential, resilient real estate market.” Badal Yagnik, Chief Executive Officer & Managing Director, Colliers India Institutional investments in Indian real estate have remained resilient, totalling USD 4.3 billion during the first nine months of 2025, supported by steady momentum through the first three quarters. Driven by sustained investor confidence, the last quarter of the year is likely to see a pick-up in transaction closures, particularly in the office and residential segments. Together, these two segments are likely to contribute nearly 60% of the year’s total investments, driven by sustained occupier activity and a healthy supply pipeline. Overall, investment volumes for 2025 are projected to be at around USD 5-7 billion, a testament to the market’s depth and stability, even in the wake of global trade frictions. “Building on the momentum of 2025, India’s real estate investment landscape is poised for a stronger 2026, underpinned by a robust demand across core assets and a deepening pipeline of institutional-grade supply. Office and residential segments will continue to dominate the investments, driving over half of the total inflows, while Industrial & Logistics segment will likely see renewed momentum. Amongst alternative assets, the data centres are likely to see increased investments, driven by the rapid expansion of digital infrastructure and hyperscale demand. Cross-border capital will continue to remain a critical driver, as India consolidates its position as one of the emerging destinations for stable, long-term real estate investment in the APAC region.” Vimal Nadar, National Director & Head of Research, Colliers India. APAC highlights As per the survey, 64% of regional investors expect an uplift from economic growth next year and nearly 60% are positive on liquidity and rental growth. Family offices and high-net-worth individuals, particularly are more active, especially in Hong Kong and Australia, capitalising on unique pricing opportunities. Australia: Strong fundamentals and political stability make Australia a top destination for international capital. Sydney and Melbourne are especially attractive for residential and industrial and logistics assets, while retail and office segments are also emerging as preferred choices. Japan: Tokyo and Osaka remain leading destinations for cross-border investment, with the office segment most active and multifamily supported by urban migration. Domestic capital is expected to boost volumes, especially in core investments. India: India is emerging as an attractive investment destination for core assets as well as alternatives owing to its steady performance, robust demand-supply momentum and significant long-term potential. China: Domestic investors are focusing on income-producing assets such as rental housing, large malls, and data centres. Private buyers are targeting smaller office and hospitality deals, and senior housing in tier I cities is emerging as a promising theme. Singapore: Continues to stand out as a core investment destination, supported by liquidity, transparency and strong fundamentals. Heightened competition is expected for data centre and prime office assets, alongside growing interest in value-add opportunities. “Investors are changing gears. After a challenging period, capital is moving decisively toward stability and opportunity. Hands-on, controlled strategies and partnerships are driving value as the market regains its footing. Market fundamentals are improving, liquidity is returning and pricing expectations are normalising, fuelling optimism for 2026 despite ongoing cost pressures and geopolitical risks.”, said Sam Harvey-Jones, Colliers’ Chief Operating Officer, Asia Pacific Industrial & logistics segment leads investor focus while office and retail stage a comeback Industrial & Logistics: The I&L segment

Alive and Co proudly presents “Shubhankar Live” A two-hour musical celebration that promises to take audiences on an unforgettable journey from the golden era of music to today’s chart-topping hits. Led by the young and exceptionally talented Shubhankar Kulkarni, the show beautifully blends timeless classics with vibrant originals, creating a magical experience that resonates across generations. From the soulful melodies of Lata Mangeshkar and Hemant Kumar, to the legendary rhythms of The Beatles and Elvis Presley, and the modern-day sounds of Amit Trivedi, Ed Sheeran, and Taylor Swift — every note is set to evoke nostalgia, joy, and pure musical energy. At just 20 years old, Shubhankar Kulkarni has already carved a niche for himself in the world of music. Having performed on global stages since the age of five alongside his father, the renowned composer and singer Dr. Saleel Kulkarni, Shubhankar’s journey is both inspiring and extraordinary. He has shared the stage with celebrated artists including Pt. Hridaynath Mangeshkar, A.R. Rahman, Sandeep Khare, Aarya Ambekar, Prashant Damle, Sankarshan Karhade, and Subodh Bhave, among many others. With over 20 original compositions to his name — including Radio Mirchi’s Song of the Decade “Ekti Ekti Ghabarlis Na” and fan-favourites like “Chaan” — Shubhankar brings both passion and freshness to his performances. The concert will feature a dynamic band of talented young musicians:Shubhankar Kulkarni – Lead VocalsJay Suryavanshi – PianoKaunteya – GuitarPratik Nandre – Drums Having performed over 25 shows across Maharashtra in the past three years, Shubhankar Live has already become a crowd-favourite musical experience. The upcoming edition on 22nd November 2025 will feature a special segment of brand-new, unreleased originals, written by Shubhankar and composed by the entire band — making this event even more exciting and exclusive. Join us for an evening where music bridges generations, hearts, and emotions — a night that promises to be pure magic. Date: 22nd November 2025Venue: Adarsha Abhinava AuditoriumOrganized by: Alive and Co For media inquiries, sponsorships and collaborations, please contact: Alive and CoEmail: aliveeandco@gmail.comContact: 8237579750Digital Media Partner: Dreams Per Square Feet Media LLP

Blurb: Millions pay their housing maintenance bills each month without realizing they might be paying too much — or too little — in GST. Here’s the fine print that every resident and committee member should know. The Feature: Every month, thousands of residents across India pay their maintenance bills without a second thought — ₹6,000, ₹8,000, sometimes more. Hidden within those payments lies one of the most persistent areas of confusion in community finance: GST on building maintenance. On paper, the rule looks straightforward. Resident Welfare Associations (RWAs) or housing societies must charge GST at 18% only when two conditions are met: Each flat’s monthly contribution exceeds ₹7,500, and The society’s total annual receipts — from maintenance, sinking funds, and other charges — cross ₹20 lakh. If either condition isn’t met, GST doesn’t apply. Simple enough, yet confusion is widespread. “Compliance without understanding is as risky as non-compliance.” Over the years, I’ve seen housing committees swing between two extremes — over-compliance and under-compliance. A society in Pune, for instance, with 150 flats contributing ₹8,000 each, crossed both limits yet never registered under GST. When they finally reviewed their accounts, they discovered a tax liability of nearly ₹9 lakh. At the other end, a smaller society in Nagpur with only 20 flats registered voluntarily and paid GST for three years — though their turnover never touched ₹20 lakh. Both situations stemmed from the same root cause: decisions based on hearsay rather than financial clarity. Where GST is applicable, societies often overlook an important benefit — the Input Tax Credit (ITC). This provision allows them to offset tax paid on services such as security, housekeeping, lift repairs, or even generator maintenance, effectively reducing their overall outflow. But to avail this, vendor invoices must carry the society’s GSTIN and proper accounting discipline must be maintained. The broader lesson here is that GST on maintenance isn’t a tax trap; it’s a test of governance. When understood correctly, it pushes societies to maintain transparency, proper records, and periodic turnover reviews. The intent of the law is not to burden residents but to bring financial order to collective living. As Indian cities continue to rise vertically and housing societies evolve into complex financial ecosystems, financial literacy at the management level becomes vital. After all, whether in business or community living, clarity remains the purest form of compliance. Quick Facts: GST & Housing Societies Aspect Key Point Applicability Both ₹7,500/month per flat and ₹20 lakh annual turnover must be exceeded GST Rate 18% (9% CGST + 9% SGST) Exemption If either condition not met, no GST applies Input Tax Credit Allowed for registered societies on eligible maintenance expenses Common Error Registering prematurely without crossing ₹20 lakh turnover Best Practice Review turnover quarterly and ensure vendor invoices quote the society’s GSTIN Ajinkya Chaudhary, Virtual CFO Hishobnis Services Pvt. Ltd.

NAREDCO Maharashtra Donates ₹3.12 Crore to Chief Minister’s Relief Fund To Support Flood-Affected Farmers Across Maharashtra A gesture of solidarity to help rebuild lives and livelihoods in Maharashtra’s agrarian heartland Mumbai, October 29, 2025: In a heartfelt expression of solidarity with the farming community, the National Real Estate Development Council (NAREDCO) Maharashtra has contributed ₹3.12 crore to the Chief Minister’s Relief Fund to support relief and rehabilitation efforts for farmers affected by the devastating floods across Maharashtra. Of this total contribution, ₹1 crore was donated by Pune members, while the remaining amount was collectively contributed by Mumbai MMR members of NAREDCO Maharashtra. The recent torrential rains and flash floods wreaked havoc across key agrarian districts including Kolhapur, Sangli, Satara, Nashik, Raigad, and Ratnagiri — destroying vast swathes of farmland, submerging homes, and leaving thousands of families struggling to rebuild their lives. For countless farmers, months of hard work and investment were washed away overnight, resulting in severe financial and emotional distress. Recognizing the gravity of the situation, NAREDCO Maharashtra has stepped forward to support the state government’s mission to bring relief to these affected farming families. The ₹3.12 crore contribution, made collectively by around 20 NAREDCO Maharashtra members, is aimed at helping restore livelihoods, rebuild homes, and provide essential support to farmers as they recover from this unprecedented natural calamity. Speaking on the occasion, Mr. Prashant Sharma, President, NAREDCO Maharashtra, said “Maharashtra’s farmers — our revered Annadata — are the backbone of our state’s economy, providing sustenance and strength to millions. The recent floods have not only damaged crops and farmland but also shaken the spirit of countless families. Through our humble contribution to the Chief Minister’s Relief Fund, we wish to stand shoulder-to-shoulder with our farmers and support the government’s tireless efforts in ensuring relief, rehabilitation, and recovery.” “This initiative is a reflection of our collective gratitude to the community that feeds the nation. We sincerely hope that our contribution helps bring some relief and hope to those whose livelihoods have been most affected,” he added. NAREDCO Maharashtra expressed its heartfelt gratitude to its members and leaders who came together for this noble cause. Over the years, the organisation has been at the forefront of various social and humanitarian initiatives — from disaster relief to community welfare — reaffirming its belief that true progress lies not only in developing cities but also in uplifting the rural and agrarian fabric of the state. As the state government continues its large-scale relief operations — having already disbursed over ₹8,000 crore to nearly 40 lakh flood-affected farmers — NAREDCO Maharashtra has pledged continued support and awareness to mobilise further assistance for those who nurture the land and feed the nation. This contribution stands as a testament to NAREDCO Maharashtra’s commitment to compassion, collaboration, and community rebuilding — ensuring that Maharashtra’s farmers rise again, stronger and more resilient than ever.

Mumbai/Pune, 16th October 2025: Traditionally, the real estate sector launches new housing projects during the festive season of Dussehra and Diwali. This year is no exception. In order to enable launch of new housing projects on the auspicious occasion of Dussehra, the Maharashtra Real Estate Regulatory Authority or MahaRERA issued a record number of registration numbers. Additionally, MahaRERA granted extensions as well as permitted corrections to the existing projects in line with the proposed plans as submitted by the respective developers. A total of 809 applications were approved by MahaRERA to issue new registration numbers, extend the timelines and make corrections to the existing ones. To make the record happen, the entire workforce at MahaRERA worked round the clock. On the eve of Dussehra alone, 200 projects were granted certificates of approval. This is the first time such a large number of new housing projects have received MahaRERA registration numbers during Dussehra. Out of the 809 projects, 405 received new registration numbers, the deadline of 209 projects were extended and 195 proposals for corrections to the existing projects were approved. The most number of projects came from Pune city alone at 122. From the other areas of Pune region 6 were from Satara, 4 each from Kolhapur and Sangli and 3 from Solapur. The entire Mumbai Metropolitan Region, including the Greater Mumbai limits, accounted for 197 projects. This included 63 from Mumbai city and suburbs, 58 from Thane, 41 from Raigad, 22 from Palghar, 9 from Ratnagiri and 4 from Sindhudurg. From Vidarbha, 31 projects were approved, including 20 from Nagpur, 5 from Amravati, 4 from Akola and 2 from Chandrapur. From the region of Khandesh, 29 projects were approved, with 23 from Nashik, 5 from Ahilyanagar and 1 from Dhule. Comparatively, Marathwada saw 9 projects getting approval, this includes 5 from Chhatrapati Sambhajinagar, 3 from Jalna and 1 from Latur. Between April 25 and September 25, that is within 6 months, 4,940 project proposals were approved by MahaRERA. Of this, 2,039 new housing projects were issued registration numbers. In addition, 1,748 proposals for timeline extensions and 1,153 for corrections in the existing projects were also accorded approvals. In the real estate industry, the auspicious festive occasions of Dussehra and Diwali hold equal importance. Therefore, MahaRERA is ensuring that the housing projects that meet the legal, technical and financial criteria as set by the regulator are granted the nod. For this, the entire system of MahaRERA’s registration department is making due efforts.