Bombay HC Sets February 14 Deadline for Leasehold to Freehold Policy

16 Jan 2024 CW Team

In a significant judicial directive, the Bombay High Court has established a pivotal deadline of February 14 for the formulation of a robust Leasehold to Freehold policy. This landmark decision aims to expedite the conversion process, ensuring a seamless transition for property owners. The court's proactive stance underscores the urgency of addressing leasehold issues, providing a clear timeline for authorities to devise and implement the policy. This legal mandate comes in response to growing concerns and demands from property owners grappling with the complexities of leasehold arrangements. The court's insistence on a concrete policy by mid-February signals a commitment to resolving longstanding issues related to property rights and tenure. The impending policy is poised to have far-reaching implications for the real estate landscape in Mumbai. Property owners, numbering in the millions across the city, stand to benefit from the potential transition to freehold status. This shift not only confers outright ownership but also promises increased property values and a more transparent legal framework. Key stakeholders, including government bodies and real estate experts, are closely monitoring the developments. The court's decision injects a sense of urgency into the policy-making process, compelling stakeholders to collaborate and streamline the transition from leasehold to freehold. As the February 14 deadline approaches, property owners, legal experts, and policymakers are gearing up for a transformative change in the real estate sector. The outcome of this policy formulation holds the promise of a more equitable and efficient property ownership structure in Mumbai, with millions eagerly awaiting the finalization of this crucial Leasehold to Freehold policy. Stay tuned for further updates on this pivotal legal development.

Real Estate

02 Jun 2026

Dash Square Adds Ashley Study Furniture

Dash Square has expanded its furniture portfolio with a curated study furniture collection from Ashley Furniture Homestore. The range is designed for contemporary homes where work, study and creative activities increasingly require dedicated and well-planned spaces.The collection includes writing desks, executive workstations, storage-led study units and display shelving. It combines practicality, comfort and design to create workspaces that are functional as well as visually appealing.One setting features a light-toned desk with coordinated bookcases and storage cabinets, creating a bright an..

Suraj Estate Arm Acquires Mahim Land Rights

Suraj Estate Developers, through its wholly owned subsidiary Iconic Property Developers, has signed an MoU to acquire development rights for a land parcel in Mahim (West), Mumbai, for Rs 75 crore. The plot measures around 2,941 sq m and is located next to the company’s ongoing commercial project, Suraj One Business Bay.After amalgamation with the existing commercial development, the land is expected to generate additional saleable carpet area of around 1.50 lakh sq ft, with an estimated gross development value of Rs 800 crore. The project is expected to strengthen the company’s near-to-med..

AGNI Launches Industry Benchmarking Drive

The Association of Global NICMARians (AGNI), the alumni body of NICMAR, hosted ASPIRE 2026 in Mumbai under the theme ‘Innovation to Transformation’. The symposium brought together professionals from construction, infrastructure, real estate and project management to discuss technology, AI, sustainability and data-led decision-making.At the event, AGNI announced its vision to emerge as an industry think tank and launched initiatives including an Industry Benchmarking Programme. It also proposed a digital ecosystem with tools for innovation impact assessment, salary benchmarking, company ben..