Godrej Properties reports a booking value of ₹34,171 crore in CY 2025, emerges as the largest developer in the country

Mumbai-based listed real estate developer Godrej Properties Limited (GPL) on January 15 said it sold ₹34,171 crore worth of real estate in calendar year 2025, emerging as the largest listed developer in the country in terms of sales bookings. Mumbai-based listed real estate developer Godrej Properties Limited (GPL) on January 15 said it sold ₹34,171 […]

Can a developer forfeit a homebuyer’s booking amount if the sale agreement is not signed and the booking is cancelled?

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has held that a developer cannot forfeit the entire amount paid by a buyer if the agreement for sale has not been executed and the booking is later cancelled. The MahaRERA clarified that in such cases, the developer can deduct only 2% of the flat’s cost as cancellation […]