The Group of Ministers (GoM) on real estate has eliminated GST exemptions on private long-term land leases, a critical step. Tourism firms requesting exemptions are affected by this ruling. The meeting additionally discussed important subjects including housing society construction service taxation.

The House of Hiranandani has signed agreements to redevelop five housing societies in Mumbai's Chembur suburb, a significant step towards urban renewal. These redevelopment projects, which encompass approximately 15 acres, offer a development potential of over 1.7 million square feet.

In Mumbai, where 40% live in slums, finding a house is difficult. Despite government pledges, many slum redevelopment programmes are unfinished or controversial. Example: Hari Nagar-Shivaji Nagar SRA Housing Society.

Mulund's Purvarang Society encouraged self-redevelopment out of fear of fraud, an encouraging gesture. This bold move resulted in the destruction of their old building and a lavish groundbreaking ceremony.

In a recent meeting, the Maharashtra state cabinet approved a significant legal reform to accelerate the rebuilding of ageing cooperative society structures. This move allows eviction of minority residents who block majority-approved redevelopment plans.

MICL has announced plans for a massive redevelopment project in Bandra's Pali Hill neighbourhood. This project, which houses Bollywood star Aamir Khan, will alter the region.

Bangalore-based Puravankara, one of India's largest real estate developers, won the redevelopment rights for two Lokhandwala, Andheri west housing complexes. Puravankara's initial venture into western suburb redevelopment with this purchase is notable.

On August 1, 2023, Pune-based Kolte Patil Developers Limited (KPDL) announced two new society re-development projects in Bangur Nagar, Goregaon west, Mumbai's western suburbs.

Kolte-Patil Developers has engaged into agreements to execute two housing society redevelopment projects with a total saleable area of 7.3 lakh sq ft in the Mumbai Metropolitan Region (MMR).

Prestige Estates has signed a contract to redevelop Shivshahi Housing Society in Worli, South Mumbai